NEW: Extract Even More Contract Terms With Concord’s AI!

Concord’s AI just got smarter. We’re rolling out major enhancements to our AI extraction functionality, giving you more powerful tools to unlock the value hidden in your contracts. With these updates, we’re not just improving the breadth of metadata our AI extracts but also boosting the quality and usability of that data.

Here’s what’s new and why it matters for your workflow.

New features for smarter contract insights

Concord’s AI extraction already provides critical information like contract descriptions and lifecycle details. But our latest updates take it to a new level, offering deeper insights and greater utility for your digital contracts.

Agreement Category extraction

Our AI can now identify and assign Agreement Categories to your contracts. This feature allows you to filter and organize your agreements at a high level, making it easier to group documents like HR agreements, vendor contracts, or NDAs for streamlined management and reporting.

Enhanced Total Agreement Value

Understanding your contract’s value has never been easier. Concord’s AI now extracts the total agreement value with improved precision. This update includes a beta feature that shows how the value was calculated, with references to the document sections where the data was sourced. This transparency helps teams trust and validate the information quickly.

Improved descriptions

We’ve made your contract descriptions more readable and accessible. These subtle updates ensure descriptions provide clarity at a glance, making it easier to understand contract details without diving into the full document.

Bulk extraction just got better

For users with large contract repositories, bulk extraction is a game-changer. Our latest enhancements make it faster and more efficient to apply AI-powered extraction across your entire library of agreements.

Benefits for new users

If you’re just getting started with Concord, bulk extraction gives you a head start by applying rich metadata to your contracts right from the beginning. Your agreements become instantly searchable, filterable, and actionable.

Benefits for existing users

For long-time Concord users with extensive repositories, bulk extraction unlocks the potential of older agreements. By running AI on existing documents, you can surface key metadata like total contract value, agreement categories, lifecycle details, and end dates—turning a static archive into a dynamic source of business insights.

Why these updates matter

These improvements are designed to make your contracts work harder for you. With enhanced AI extraction capabilities, you can:

• Save time: Automatically extract key data without manual input.
• Streamline workflows: Filter, search, and organize contracts based on actionable metadata.
• Improve accuracy: Gain confidence in your contract data with transparent value calculations.
• Boost productivity: Enable teams to focus on strategic work instead of digging through contracts.

Unlock the full potential of your contracts

These updates are more than just technical improvements—they’re about transforming how you manage contracts. By making it easier to extract, organize, and act on your contract data, Concord’s AI helps you turn static documents into strategic assets.

Whether you’re a new user onboarding your first contracts or a long-time user looking to optimize your existing repository, these enhancements deliver value from day one.

Ready to see the difference? Log in to your Concord account and explore these new features today!