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Conga adds AI-driven insights to its document management tools
Digital document management company AppExtremes LLC, which does business as Conga, is melding new artificial intelligence capabilities with its platform, with an aim to help companies gain more insights from contracts and other documents they create.
Conga’s new AI Analyze tool, announced today, uses machine learning to analyze information such as the fine print that’s detailed within contracts.
That brings key capabilities to customers, allowing them to ensure their contracts are free of errors for example, and do not contradict organization policies. Other benefits include shortening contract turnaround time by using AI to identify key clauses and metadata, and the ability to export contract data into Salesforce.com Inc.’s popular customer relationship management systems.
The tool adds to Conga’s document management suite, which makes it easier for business employees to create digital contracts, store those files and automate updates when necessary. Conga’s products include Conga Contracts, which enables companies to put together an internal library of preapproved agreements, standalone clauses and other legal building blocks. A technology consulting firm, for instance, might use the tool to assemble terms of service for its different advisory packages.
Conga’s tools are said to be comparable to those of DocuSign Inc., although unlike that platform, it works exclusively with Salesforce’s ecosystem. “Everyday documents — including contracts — are the lifeblood of modern business, but organizations struggle to turn the information hidden within them into insights that propel their businesses forward,” Doug Rybacki, chief technology officer at Conga, said in a statement.
The launch of Conga AI Analyze comes at a time when Conga is enjoying some rapid growth, with more than 11,000 companies said to have adopted its Digital Document Transformation Suite so far this year, bringing its total user count to more than 900,000. The company raised a hefty $47 million in funding in May 2018.
Chief Executive Officer Matt Schiltz appeared on theCUBE, SiliconANGLE’s mobile livestreaming studio, during the Conga Connect West event in San Francisco last September:
Photo: Conga/Facebook
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