Learn more about using Precisely AI for smart and quick contract intake
Precisely AI (BETA) is our latest great addition to smart contracting that makes your external document intake smoother than ever. The AI recognizes a large number of metadata tags, values, clauses, and even summarizes the document.
How does it work?
Precisely AI will suggest metadata tags and values for every external PDF document you upload or import in Precisely. In other words, Precisely AI works with:
- Documents uploaded as a part of the drafting process
- Documents uploaded via Upload & Sign button
- Documents directly imported into the Archive
Start by uploading or importing a PDF document - for example, as a part of the project draft:
Then, simply let artificial intelligence do its work. If you want, you can continue managing your project and even generate it while the AI is analyzing the document information.
Once the analysis has been completed, you can easily accept or dismiss suggestions.
Where can I see AI suggestions?
Project draft: In the project draft (= the questionnaire), you can do that directly or by clicking the “Preview” button to open the entire AI registration page.
Project overview: You can also reach the AI registration page from the project overview Draft & Sign by clicking the “View & register” button.
Archive: In the Archive, by opening the document and clicking the “View and register” button.
How to work with AI suggestions?
Once you opened the registration view, simply accept or dismiss each suggested value.
If you want to accept all of the suggestions, simply click “Accept all”.
Pro tip💡 If you want to accept most of the suggestions, you can still click “Accept all”, and then remove the ones you don’t want to include.
On the AI registration page, you can also edit and add more metadata manually, and even adjust your contract summary.
Important Remarks
- Always check if the suggestions are matching the contract. Although they are in most cases correct, please note that we cannot guarantee complete accuracy.
- The metadata values that haven’t been accepted (= values in purple color) will never be included in the Archive filtering and reporting
- Precisely AI works with most of the languages, and it can even automatically translate some of the content in English, such as a contract description and some metadata outputs.
- If you have automated metadata for uploaded file on a template level, and you also get a suggestion for the same metadata point, both will be included. You’re always able to edit, add and remove metadata tags and outputs after you generate a document.
- Currently, Precisely AI might not work if the document's size is too large
Third-party providers
For Precisely AI as an add-on subscription, we utilize the API of our third-party providers. Currently, we offer two solutions:
- OpenAI: a US-based AI service provider, and
- NLP Cloud, an EU-based AI service provider.
When it comes to technical capabilities, OpenAI in practice has a slightly better performance. However, your choice of provider might also be dependent on different legal requirements.
For legal aspects, please refer to our Supplementary Terms.
Any questions remaining? Get in touch!