Persistent Systems Launches AI-Powered ContractAssIst in Collaboration with Microsoft

Persistent Systems Unveils AI-Driven Contract Management Solution

Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, has announced the launch of ContractAssIst, an innovative AI-powered contract management solution developed in collaboration with Microsoft 1

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. This new offering aims to revolutionize how enterprises handle their contract management processes, addressing common challenges faced by businesses in tracking and managing high volumes of contracts from various vendors.

Leveraging Microsoft's Technology Ecosystem

ContractAssIst is built on a robust foundation of Microsoft technologies, including:

• Microsoft Azure
• Microsoft 365 Copilot
• Microsoft Teams
• Azure AI
• Azure OpenAI Service (utilizing GPT-3.5 and GPT-4 models)

This integration allows for advanced capabilities such as secure data handling, enhanced search functionalities, and seamless compliance management 1

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. The solution's use of cutting-edge AI technologies enables it to provide intelligent insights and streamline workflows effectively.

Key Features and Benefits

ContractAssIst offers several features designed to enhance productivity and reduce operational complexity:

1. Centralized dashboard within Microsoft Teams
2. AI-powered chatbot for conversational queries
3. Real-time version tracking and contract comparison
4. Instant notifications and approval summaries
5. Transparent and auditable workflows

The solution promises significant benefits, including:

• Up to 95% reduction in email communication
• 20-25 minutes saved per user daily through streamlined navigation
• Substantial cost savings on annual licensing expenses 2

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Distinguishing Factors

Unlike many existing solutions that rely on limited automation or standalone tools, ContractAssIst sets itself apart through its deep integration with Microsoft technologies. This integration, combined with its ability to deliver timely, meaningful intelligence, positions it as a comprehensive solution for enterprise contract management needs 2

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Industry Perspectives

Sandeep Kalra, CEO and Executive Director of Persistent, emphasized the company's AI-led, platform-driven approach to solving complex enterprise challenges. He highlighted ContractAssIst as an example of leveraging innovative technologies to reimagine manual tasks with AI 2

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Sangita Singh, General Manager of ITES at Microsoft India and South Asia, underscored the collaboration's focus on leveraging AI to drive innovation across industries. She noted that ContractAssIst exemplifies the integration of Microsoft's technology with Persistent's platform-driven approach to deliver intelligent, secure, and efficient solutions 2

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Implications for Enterprise Efficiency

By consolidating workflows, enhancing collaboration, and reducing operational complexity, ContractAssIst aims to enable enterprises to achieve greater efficiency and optimize costs. The solution's AI-driven capabilities, coupled with its integration into familiar Microsoft environments, position it as a potentially transformative tool for businesses struggling with contract management challenges 1

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