JAGGAER acquired DocSkiff Inc., integrating DocSkiff’s artificial intelligence (AI)-powered contracts analysis platform into the JAGGAER ONE platform to intelligently extract, review and analyze contract information using AI and machine learning.
“JAGGAER is transforming the way businesses conduct enterprise commerce by applying artificial intelligence and machine learning,” says Jim Bureau, CEO of JAGGAER. “In light of the global talent shortage, organizations can no longer solve complex problems by applying more human capital. Using AI and ML, the DocSkiff solution can ingest contracts from a variety of disparate sources and holistically analyze them in a fraction of the time it would take a team of people. It can then highlight a variety of risks and opportunities, which can be managed by a central team. It’s an excellent example of applying AI where appropriate and impactful, and freeing people to do more strategic, value-added work.”
“JAGGAER and DocSkiff share a common vision insofar as we both recognize the immense opportunity to intelligently automate many of the resource-intensive tasks required to facilitate enterprise commerce,” adds Siva Pullabholta, CEO and co-founder of DocSkiff. “Our solution will be an excellent complement to JAGGAER’s Autonomous Commerce strategy, and we’re excited to propel our customers to new heights on their digital transformation journeys.”
- DocSkiff’s advanced use of AI, machine learning and natural language processing, as well as its scalability, make it a strong complement to JAGGAER’s existing contract lifecycle management (CLM) solutions.
- These intelligent technologies also have direct applicability to other areas of the JAGGAER ONE source-to-pay suite, beyond contracts, which the company plans to leverage within its Digital Mind offering.
- DocSkiff, renamed as JAGGAER Contracts AI, will be integrated into JAGGAER’s Contracts+ solution, which is an integrated component of the JAGGAER ONE suite of source-to-pay solutions.