Legitt AI Transform Contracts into Revenue Engines with AI

What is Legitt AI?

Legitt AI provides an AI-native platform designed to enhance contract lifecycle management (CLM) and sales processes. The system utilizes artificial intelligence to assist businesses in creating, reviewing, signing, automating, and tracking contracts efficiently within a single platform. It aims to accelerate deal closures, ensure compliance, and simplify overall contract management workflows, ultimately transforming contracts into revenue drivers.

Beyond core CLM, Legitt AI offers tools for analyzing vendor contracts to improve sourcing decisions and monitor vendor performance. Its assistive sales intelligence features support opportunity management, customer negotiation, and pricing optimization. The platform includes Lana Al, an intelligent assistant that provides actionable insights, automates repetitive tasks, and offers personalized recommendations to streamline operations from lead generation to revenue tracking.

Features

AI Contract Lifecycle Management: Create, e-sign, automate, and track contracts on one AI-native platform.
Assistive Sales Intelligence: Utilize AI for opportunity management, customer negotiation, and pricing optimization.
Vendor Contract Management: Analyze, compare, assess, negotiate, and track vendor contracts and performance using AI.
AI Contract Generator: Automatically create legally-binding contracts using AI algorithms.
AI Contract Review: Analyze contracts for inconsistencies, risks, and errors with AI.
AI Repo Analyzer: Examine entire contract repositories for insights and risk mitigation.
AI Contract Tracking: Monitor contract lifecycles, status, milestones, and deadlines automatically.
Lana Al Assistant: Provides AI-powered insights, workflow automation, and personalized recommendations.
Electronic Signatures: Integrated e-sign capabilities for faster contract execution.
Workflow Automation: Automate repetitive tasks, approvals, and contract renewals.

Use Cases

Accelerating sales cycles and closing deals faster.
Streamlining the entire contract lifecycle from creation to renewal.
Managing and analyzing sales contracts for improved revenue.
Optimizing vendor sourcing through AI-powered contract evaluation.
Negotiating and finalizing vendor contracts efficiently.
Monitoring vendor compliance and performance in real-time.
Improving the quality of proposals, quotes, and estimates.
Automating contract approvals and workflows.
Centralizing customer data management for sales insights.
Reducing operational costs associated with contract management.

FAQs

What are the challenges in implementing a CLM solution?

Challenges include resistance to change, the complexity of migrating existing contracts, integration with other systems, ensuring user adoption, and aligning the CLM solution with business processes.
How does CLM ensure confidentiality and data privacy?

CLM ensures data privacy and confidentiality through secure data handling practices, access controls, compliance with privacy laws, and safeguarding sensitive contract information.
What does the future hold for CLM technology?

The future of CLM includes increased AI and machine learning integration for predictive analytics, enhanced mobile accessibility, and improved integration with other business technologies.
Can Legitt AI integrate with ERP systems?

Yes, Legitt AI can integrate with various ERP systems, offering a comprehensive approach to enterprise resource and contract management.
Does Legitt AI provide contract lifecycle visualization?

Yes, Legitt AI offers visual representations of the contract lifecycle to improve understanding and management.