Agiloft released Agiloft Astra, a contract AI platform built for legal, procurement, finance, and sales teams.
“Most professionals responsible for contracts within their organization have been working without the tools that would let them do their jobs properly,” says Otto Hanson, VP of product and GM of Astra at Agiloft. “Astra was built to close that gap, giving professionals the tools they need, and giving the business the data and intelligence it needs to make faster, more confident decisions. When new users are getting value within five minutes, you stop asking whether the product works and start asking how fast you can get it in front of everyone who needs it.”
Key takeaways:
· Users upload agreements directly to the platform and can run AI-powered analysis to identify risk, flag non-compliant provisions, extract key terms, generate redlines, and ask plain-language questions about their contracts, across a single agreement or an entire portfolio.
· Astra’s plan includes uncapped use of Astra’s Microsoft Word Add-In, enabling teams to create, review, and redline contracts without leaving the application. The plan also supports unlimited users across the organization at no cost.
· Agiloft also announced a deepened integration between Astra and Agiloft CLM. Through Ask AI, Agiloft’s in-platform AI assistant, CLM users can now identify contracts within their knowledge base and send them directly to Astra for analysis, enabling organizations to connect their full contract repository with Astra’s analytics capabilities.
- AI-Assisted Contract Intake enables users to upload a contract document and have structured data automatically extracted and used to create a new contract record in Agiloft, replacing a manual entry process that has historically introduced errors and delayed contract visibility.
- Guided Contract Updates enables users to make guided updates to existing records, including key dates, contract status, and document attachments, through plain-language conversation within the Ask AI interface, eliminating manual navigation through the CLM.
- A procurement team can upload its vendor contracts and immediately identify every agreement approaching an auto-renewal window, along with the total dollar exposure and opt-out deadline for each one, giving teams the information they need to renegotiate or exit unfavorable agreements before they silently renew.
- A compliance officer can scan an entire contract portfolio against a newly enacted regulation such as the EU AI Act and surface non-compliant terms or missing provisions before the enforcement deadlines arrive, replacing a manual review that would historically take weeks.
- A finance director can identify every contract in the portfolio with annual price increase clauses, CPI adjustments, or cost escalation mechanisms and calculate the projected financial impact across the business.
- A sales or deal desk team can analyze closed customer contracts to identify non-standard discounting patterns and margin erosion across the portfolio, giving revenue operations the visibility to enforce pricing governance before it affects the bottom line.
