Adobe Acrobat software package for working with PDF files received new tools for their Assistant, which will help users better understand contracts and complex agreements. The new possibilities of “intellect of contracts” allow the built-in chatbot into Acrobat to automatically recognize files and scanned documents containing intricate legal formulations, and process their complex style, making more understandable for users.
Image source: Adobe
Adobe believes that the “intellect of contracts” will save the time of users, which they otherwise spend on attempts to understand long and complex documents. The company refers to a recent survey, which showed that 70 % of consumers signed agreements without knowing all their conditions.
According to Adobe, the new function is able to find and display key legal terms, generate quotes and recommended issues for certain documents, as well as compare changes in ten different versions of the contract to verify consistency and inconsistencies. This will facilitate the detection in long contracts of data such as important dates, specific policies and expenses that could not go unnoticed due to the complexity and volume of the document. And from the gaze of AI, a small font will not hide.
The updated AI assistant is available as a supplement for $ 4.99 per month for Acrobat users with free or paid individual accounts. Updating “Intellect of Contracts” is available around the world since today on desktop computers, mobile devices and web services. So far, the tool supports only English, but in the future Adobe promises to add others.
«Clients open billions of contracts in Adobe Acrobat every month, and AI can become a decisive factor, simplifying their experience, ”said Abhigyan Modi, head of Adobe Document Cloud.