Adobe has unveiled new AI-driven features in its Acrobat AI Assistant, designed to simplify the understanding of complex contracts for both consumers and businesses. These enhancements promise to alleviate the confusion and hesitation often associated with signing and managing agreements.
Contracts play an essential role for individuals and organizations, encompassing everything from vendor agreements to purchase orders. However, their complexity can be overwhelming. An Adobe Acrobat survey highlights a significant issue: over 70% of consumers have signed contracts without fully understanding them, and 64% of small and medium business owners have refrained from signing due to uncertainty about the terms.
With the new intelligent contract capabilities within Acrobat AI Assistant, Adobe aims to simplify interactions with contracts. The generative AI features assist users in understanding complex terms, recognizing key points, and comparing multiple agreements swiftly.
The Acrobat AI Assistant automatically identifies contract documents, including scanned files, and provides tailored experiences. Key features include generating contract overviews, highlighting essential terms, summing up information, and suggesting document-specific inquiries.
The assistant offers summaries and responses in clear language, supplemented with clickable citations. This functionality aids users in effortlessly navigating to the source and confirming information.
Users can quickly identify differences between versions of documents, ensuring consistency and revealing discrepancies across up to ten contracts, including those scanned.
Acrobat AI Assistant facilitates the review of contracts with stakeholders and simplifies the process of requesting e-signatures, all within one platform.
Adobe assures that the Acrobat AI Assistant's features align with robust data security protocols and the company's AI Ethics guidelines. Notably, Adobe does not train its AI models using customer data and restricts third-party access to user information.
The AI Assistant utilizes the same AI and machine learning models that support Liquid Mode, a feature that adapts PDFs for optimal viewing across devices. This technology also aids in a deeper understanding of document structures and content.
With the integration of prompt engineering and an intelligent framework, Adobe claims that these features enhance the accuracy and relevance of contract-related responses.
Adobe's introduction of these new AI functionalities in Acrobat AI Assistant represents a significant step forward in the realm of contract management. By addressing long-standing challenges, Adobe aims to empower consumers and businesses with greater confidence and efficiency in handling agreements.
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