Acretiv.ai provides an AI-powered contract modernization platform that helps businesses streamline contract creation, assembly, and analysis. The platform dynamically generates tailored contracts without relying on rigid templates, integrates directly with Microsoft Word, and connects with procurement systems like Ariba, Coupa, and iCertis to improve efficiency and reduce risk.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional contract management relies on static templates, manual drafting, and scattered systems, leading to slow negotiation cycles, inconsistent terms, and hidden risks. Businesses struggle to identify cost-saving opportunities and compliance issues across their contract portfolios, resulting in longer legal reviews and higher operational costs.
Solution
Acretiv.ai offers a contract modernization platform that uses AI to streamline template standardization, clause simplification, and dynamic contract assembly. The platform includes AI Adaptive Contract Assembly, which generates tailored contracts in real time based on the specific product or service being procured—no prebuilt templates required. It integrates directly with Microsoft Word for familiar editing workflows and connects with procurement and contract lifecycle management systems such as Ariba, Coupa, and iCertis. The platform also provides insights and analytics that track performance metrics, identify risks, and support cost optimization, helping businesses accelerate contract completion and improve financial outcomes.
Target Audience
Primary customers are procurement teams, legal departments, and contract managers at mid-to-large enterprises that need faster, compliant, and data-driven contract assembly and management processes.
Features
- AI Adaptive Contract Assembly that dynamically generates context-specific contracts without relying on rigid templates or siloed AI-generated documents
- Seamless Microsoft Word integration with two implementation options (COM add-in or JavaScript) to accommodate varying security requirements
- Automated clause library and standardized contract templates ensuring consistent language, terms, and compliance across first-party and third-party agreements
- Centralized repository with version control, search and filter functionality, and collaboration tools for real-time stakeholder review and editing
- Risk assessment tools that flag compliance issues and unfavorable terms within templates and assembled contracts
- Insights and analytics covering KPIs, trend analysis, obligation management, supplier performance, and benchmarking with data visualization tools
- Integration with procurement systems (Ariba, Coupa, iCertis) and existing CLM, CRM, ERP, or document management systems for seamless data flow
- Automated notifications for template changes to ensure timely compliance updates