Adobe Acrobat AI Assistant Introduces New Generative AI Features to Make Understanding Contracts ...
Adobe announced new intelligent
contract capabilities in Acrobat AI Assistant to simplify contract work.
The new generative AI features can help customers grasp complex terms and spot
differences between multiple agreements so they can better understand and
verify the information in these important documents faster and easier.
From credit
card and vendor agreements to loyalty programs and purchase orders, contracts
are a fact of life for consumers and businesses. Most contracts are long and
complicated, making it difficult and time-consuming to understand their
contents. In fact, a new survey by
Adobe Acrobat found that nearly 70% of consumers have signed contracts or
agreements without knowing all the terms and 64% of SMB owners say they avoided
signing a contract because they were not confident they understood the content.
“Customers
open billions of contracts in Adobe Acrobat each month and AI can be a game
changer in helping simplify their experience,” said Abhigyan Modi, senior vice
president of Adobe Document Cloud. “We are introducing new capabilities to
deliver contract intelligence in Adobe AI Assistant, making it easier for
customers to understand and compare these complex documents and providing
citations to help them verify responses, all while keeping their data safe.”
Grow Your Confidence with Contracts
Leveraging
contract intelligence capabilities in Acrobat AI Assistant, business owners can
quickly identify key dates in vendor contracts or prepare to review a new
partnership agreement with their attorney. Finance teams can accelerate reviews
of sales contracts and more. Marketers can pinpoint changes in updated scopes
of work and quickly find deliverables in brand and advertising partnerships.
Consumers can quickly locate occupancy policies in apartment leases, find
out-of-country charges in their mobile plans or compare amenities between top
venue choices for a special event.
Adobe Acrobat offers a comprehensive set of features and capabilities to help
customers understand, review and sign contracts all in one app, including:
- Contract
intelligence: Acrobat AI Assistant automatically
recognizes when a document is a contract—including scanned documents—and
tailors the experience, generating a contract overview, surfacing key
terms in a single click, quickly summarizing information and recommending
questions specific to customers’ documents.
- Straightforward
explanations—verified:
Acrobat AI Assistant generates summaries and responses with clear language
and clickable citations, making it fast and easy to navigate to the source
and verify responses.
- Compare
and contrast: Quickly see differences between versions ,
check for consistency and catch discrepancies across up to 10
contracts — including scanned documents.
- Secure
sharing and signing:
Easily review contracts with stakeholders and request e-signatures all in
one app.
Get More Reliable Responses
Acrobat
AI Assistant features are governed by data security protocols and developed in alignment
with Adobe’s AI Ethics processes. Adobe never trains the company’s generative
AI models on customer data and prohibits third-party LLMs from training on
Adobe customer data.
Adobe
Acrobat AI Assistant supplements LLM technologies with the same artificial
intelligence and machine learning models behind Liquid Mode to provide a highly
accurate understanding of document structure and content, which enhances the
quality and reliability of AI Assistant’s outputs.
The
new contract intelligence capabilities in Acrobat AI Assistant are powered by
extensive prompt engineering and an intelligent framework, which help deliver
more accurate and relevant responses for contracts.
Adobe
Acrobat is a core productivity tool for more than 650 million monthly active users
who open 400+ billion PDFs in the app each month. Launched in February 2024,
Acrobat AI Assistant transforms how people and businesses work with their
documents. With new features and growing adoption, Acrobat AI Assistant saw
customer conversations in the app double quarter over quarter in the final
quarter of 2024.
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