CEAI Global Partners with ConTrackAI to Launch AI-Powered Contract Management Pilot across Eight Countries
: CEAI Global and ConTrackAI Unveil AI Contract Management Pilot
Singapore, 21 Jan 2024 – CEAI Global, a leading provider of advanced legal technologies, and ConTrackAI, an innovative legaltech startup, today announced the launch of their pilot program for ConTrackAI’s groundbreaking AI-powered contract management platform. This exciting initiative brings together CEAI Global’s extensive reach and industry expertise with ConTrackAI’s cutting-edge technology to empower legal teams across eight diverse countries.
The pilot program will see ConTrackAI implemented in over 10 legal firms across Malaysia, India, Nigeria, Kenya, Singapore, Lesotho (Southern Africa), Vietnam, and the USA. Participating firms will experience firsthand the transformative power of AI in managing legal contracts, with features such as:
* Automated contract analysis and risk identification: ConTrackAI extracts key information and identifies potential risks within contracts, saving lawyers valuable time and effort.
* Streamlined contract negotiation and approvals: The platform facilitates efficient collaboration on contract revisions and approvals, accelerating the negotiation process.
* Enhanced compliance and reporting: ConTrackAI ensures adherence to internal and external compliance regulations through automated alerts and comprehensive reporting tools.
* Seamless data integration and workflow optimization: The platform integrates seamlessly with existing legal software and streamlines workflows, enhancing overall efficiency and productivity.
“We are thrilled to partner with ConTrackAI and introduce their innovative platform to legal teams across a diverse range of countries,” said Prof M Nazri Muhd, Founder/Chairman at Centre for AI Innovation (CEAI), Global. “This pilot program aligns perfectly with our mission to empower legal professionals with cutting-edge technology solutions and drive positive change in the legal industry.”
“We are confident that ConTrackAI will revolutionize the way legal teams manage contracts,” added Prof M Nazri Muhd. “By partnering with CEAI Global and our ContrackAI Team, we have the opportunity to make a significant impact on the legal landscape in these high-growth markets.”
The pilot program marks a significant milestone in the journey towards AI-powered contract management. By demonstrating the benefits of ConTrackAI in diverse legal environments, CEAI Global and ConTrackAI aim to pave the way for wider adoption of the technology and usher in a new era of legal efficiency and productivity.
For media enquiries, contact samantha@ceaiglobal.com.
About Centre for AI Innovation (CEAI)
Centre for AI Innovation (CEAI) Global is a leading global company that was established in 2019 with dual-headquarters in Singapore and Malaysia. The company has established strategic partnerships with organizations in more than 20 countries worldwide. The purpose of CEAI Global is to promote inclusivity in knowledge, education, adoption, creation, venturing into AI investments and implementation of AI solutions.
The main goal of CEAI Global is to provide a platform for individuals and organizations to learn, engage and develop skills related to artificial intelligence (AI) and machine learning (ML). The company aims to target 95% of the workforce who are not skilled in AI and ML and non-technical personnel.
About ContrackAI
ContrackAI, a trailblazing AI startup in AI Venture Portfolio (known as “AIV50”) and MyFinB Group’s venture program. Our advanced platform, integrating seamlessly through a special purpose vehicle (SPV), automates contract analysis, ensuring smart, efficient, and risk-aware solutions.
ContrackAI pioneers transformative technologies, reshaping how businesses navigate contractual landscapes with innovation and strategic partnerships.
www.linkedin.com/company/contrackai/
