Persistent Systems launches ContractAssIst, leveraging Microsoft 365 Copilot for advanced contract management

Persistent Systems Limited, a global leader in digital engineering and enterprise modernization, has unveiled ContractAssIst, a cutting-edge contract management solution powered by Microsoft 365 Copilot and advanced AI technologies. The solution, developed in collaboration with Microsoft, aims to streamline contract workflows, enhance collaboration, and reduce operational complexity for enterprises.

Key Features and Capabilities

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  1. End-to-End Transparency:
    • Built on Microsoft Azure, ContractAssIst ensures secure data handling, advanced search capabilities, and seamless compliance.
    • Integrates with Microsoft 365 Copilot and Microsoft Teams to provide real-time collaboration and AI-driven decision support.
  2. AI-Powered Efficiency:
    • Utilizes GPT-3.5 and GPT-4 via Azure OpenAI Service for natural language processing and intelligent contract analysis.
    • Includes features like real-time version tracking, contract comparison, instant notifications, and approval summaries.
  3. Productivity and Cost Savings:
    • Reduces email communication overhead by up to 95%.
    • Saves 20–25 minutes per user daily through streamlined navigation and workflows.
    • Optimizes annual licensing expenses, contributing to significant cost reductions.
  4. Scalability and Observability:
    • Incorporates observability tools like Elastic and Application Insights, ensuring transparency and scalability for enterprise needs.

Leadership Insights

Sandeep Kalra, CEO and Executive Director of Persistent, emphasized:
“Our AI-led, platform-driven approach reimagines heavily manual tasks, such as contract management. ContractAssIst exemplifies our partnership with Microsoft in leveraging AI to deliver measurable efficiencies and tangible outcomes.”

Sangita Singh, General Manager, ITES, Microsoft India, added:
“ContractAssIst integrates Microsoft technologies with Persistent’s innovation to empower businesses to modernize operations, improve collaboration, and achieve operational excellence.”

Industry Impact

ContractAssIst consolidates workflows into a centralized dashboard within Microsoft Teams, enabling conversational queries and intelligent suggestions through an AI-powered chatbot. Unlike standalone tools, its deep integration with Microsoft’s ecosystem offers enterprises a comprehensive, secure, and efficient solution to manage contracts.