ContractAI is Recognized in the 2023 Gartner® Market Guide for Advanced Contract Analytics
San Ramon, CA – September 20, 2023 – App Orchid, a leading provider of cutting-edge artificial intelligence solutions, is proud to announce that its flagship product, ContractAI, has been mentioned in the Gartner Market Guide for Advanced Contract Analytics solutions., We believe that this further establishes ContractAI as a key player in the rapidly expanding advanced contract analytics market.
According to the Gartner Market Guide “AI use cases in contract management are rapidly evolving and maturing. As the market expands, procurement technology leaders can use this research to understand the use cases, their evolution and vendors to consider to support them.” App Orchid’s ContractAI was acknowledged for Advanced Contract Analytics.
“We think that being recognized in the 2023 Gartner Market Guide is a significant milestone for App Orchid and a testament to the effectiveness of our ContractAI solution,” said Vaibhav Nadgauda, CEO of App Orchid. ” According to us this recognition reaffirms our commitment to developing cutting-edge AI solutions that empower organizations to make data-driven decisions and streamline their contract management processes effectively.”
ContractAI allows businesses to automate the extraction of critical data from contracts, including key terms, obligations, and milestones. By leveraging machine learning, the platform can quickly identify potential risks, highlight non-compliance issues, streamline contract review workflows, and automate negotiations. As a result, organizations can enhance efficiency, minimize human errors, and proactively manage contractual obligations.
App Orchid’s ContractAI has gained rapid adoption across various industries, including finance, manufacturing, energy, and life sciences, assisting organizations of all sizes in unlocking the value hidden within their contract repositories.
As the advanced contract analytics market continues to grow, App Orchid remains committed to innovation and continuous improvement of ContractAI to address the evolving needs of its clients.
To learn more about App Orchid and ContractAI, please visit https://www.contract-ai.com/.
Read the official press release here.
Gartner, Market Guide for Advanced Contract Analytics, By Kaitlynn Sommers, Kerrie McDonald, Published 2 August 2023
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About App Orchid
App Orchid is an AI Platform company revolutionizing the way businesses unlock tangible value from data across disparate systems and external sources. We help companies deploy easy-to-use, insightful, and predictive applications using our low/no code app builder and powered by Enterprise AI/ML, knowledge graphs, and technology integrations, enabling customers of all sizes to easily realize the potential of AI with high ROI and rapid time-to-value. With 20+ apps in production across Fortune 100 companies, we help enterprises build better experiences for customers and employees, operate more reliably, and realize a more sustainable future.