Kontrad provides a smart collaboration platform that automates and streamlines document review for single or multi-party workflows. Whether you're managing competitive procedures, contract negotiations, or policy reviews, Kontrad's advanced tools simplify collaboration, track progress, and support evaluation. By implementing best industry practices, Kontrad helps organizations save time, reduce costs, and minimize risks.

Kontrad accelerates document assembly with advanced natural language processing (NLP) features that extract and classify document structure and content. This simplifies the creation of project-specific documents by enabling teams to quickly generate, access, and collaborate on shared templates. All template documents are accessible from a single screen, ensuring streamlined workflows and easy access for the entire project team. Each document is assigned a 'document owner' responsible for reviewing, approving, or rejecting submissions, promoting clarity and accountability throughout the process.

Kontrad simplifies the review process by centralizing third-party submissions in a collaboration dashboard. Teams can efficiently compare and evaluate positions, respond to suggestions, and manage acceptances, rejections, or alternative proposals. The platform tracks open and closed items, ensuring adherence to initial requirements while documenting accepted deviations. To maintain privacy in competitive or multi-party contexts, third parties can only view their own threads unless permissions are granted, while the organizer retains a comprehensive overview of all submissions.

Incorporating comments from multiple parties, such as in multi-document contracts, can be time-consuming and error-prone. Kontrad streamlines this process by integrating accepted edits into final documents with a single click. Comments are also compiled into an appendix, providing a clear record of positions and decisions. This reduces the risk of errors and future disputes, ensuring a transparent and efficient finalization process.

Kontrad leverages artificial intelligence (AI) to enhance document management and collaboration. Through natural language processing (NLP), Kontrad extracts document contents and helps users allocate labels to sections, enabling the creation of playbooks for typical clauses, requirements, and specifications by activity category and document type. Upon request, labels can be assigned weightage and scores, allowing clients to define evaluation policies, such as risk profiles or expected key performance indicators (KPIs). Third-party documents and inputs are assessed against these policies, providing an informed evaluation to support decision-making. Additionally, machine learning and generative AI assist in generating new documents and crafting responses to third-party inputs that align with defined policies, ensuring greater efficiency and consistency.