New Features
Contracts API
- Released Contracts API. This feature seamlessly integrates Onit's Contract Works platform with external systems like CRMs, automating essential workflows such as document uploads, folder management, and report generation. By reducing manual effort, this API improves operational efficiency, streamlines data management, and empowers organizations to optimize their contract lifecycle management (CLM) processes for better productivity and scalability.
Features include:
- Folder Management: Create and manage folders to maintain better organization of contract documents.
- Document Uploads: Automate the uploading of documents to designated folders, simplifying data migration and updates.
- Report Listing and Querying: Retrieve and analyze contract data through GraphQL queries, providing actionable insights for decision-making.
- User-Level API Tokens: Securely manage API access with token creation and revocation capabilities.
- Scalability and Performance: Robust infrastructure supports high-volume requests with rate limiting to ensure system reliability.
Click HERE for a step-by-step guide on enabling and using APIs in your ContractWorks account.
NOTE: Implementation involves activating the feature via a configuration update managed by Onit’s support team.
AI Contract Extract
- Released AI Contract Extract. This feature leverages generative AI to automatically analyze and process contracts, extracting key data elements, clauses, and other critical components specified by users; the AI Contract Extract enhancement expands tagging capabilities, reduces manual efforts, and improves contract visibility, compliance, and operational efficiency.
Features include:
- AI-Driven Auto-Tagging: Automatically identifies and tags over 20 critical contract clauses and elements, such as Force Majeure, Confidentiality, Governing Law, and Contract Value.
- Customizable AI Prompts: Allows users to define specific data points or clauses for auto-tagging based on business needs.
- Enhanced User Interface: Updates to the tag library with clear visual indicators for AI-enabled tags; improved document viewer with pop-ups showing data origins and tag prompts.
- Generative AI Insights: Summarizes agreements and obligations directly within the platform.
Click HERE to learn more about AI Contract Extract in Contract Works.
NOTE: Implementation will be supported by the managed services team.
Resolved Issues
- Fixed issue where auto-tagging did not work on documents scanned by OCR (Optical Character Recognition); OCR'd documents now feature correctly populated tags and annotations.