Adobe unveiled new intelligent contract capabilities in Acrobat AI Assistant, aimed at simplifying the complexities of working with contracts. These innovative generative AI features empower users to quickly comprehend intricate terms, identify key differences between multiple agreements, and enhance their ability to verify and understand critical contract information with greater ease and efficiency.
Contracts are an integral aspect of both personal and professional life, governing various agreements such as credit card terms, vendor arrangements, loyalty programs, and purchase orders. However, these documents are often lengthy and complex, making it difficult for individuals and businesses to fully grasp their contents. According to a recent Adobe Acrobat survey, nearly 70% of consumers admit to signing contracts or agreements without thoroughly understanding all the terms, while 64% of small and medium-sized business (SMB) owners have refrained from signing contracts due to uncertainty about the content.
Abhigyan Modi, Senior Vice President of Adobe Document Cloud, highlighted the significance of this advancement: “Customers open billions of contracts in Adobe Acrobat each month, and AI can be a game changer in simplifying their experience. We are introducing new capabilities to deliver contract intelligence in Adobe AI Assistant, making it easier for customers to understand and compare these complex documents and providing citations to help them verify responses, all while keeping their data safe.”
Enhancing Confidence in Contract Management
By harnessing contract intelligence capabilities in Acrobat AI Assistant, businesses and individuals can navigate complex agreements with greater confidence. Business owners can swiftly pinpoint crucial dates in vendor contracts, finance teams can expedite the review of sales agreements, and marketers can effortlessly track modifications in updated scopes of work. Likewise, consumers can efficiently locate essential details in apartment leases, review international charges in mobile plans, and compare venue amenities for events.
Comprehensive Features for Contract Intelligence
Adobe Acrobat offers an all-in-one platform equipped with powerful features to facilitate contract comprehension, review, and signing. These features include:
- Contract Intelligence: Acrobat AI Assistant automatically detects contract documents, including scanned versions, and customizes the user experience. It provides an intuitive contract overview, highlights key terms at a glance, generates concise summaries, and suggests relevant questions tailored to the specific document.
- Verified, Clear Explanations: The AI Assistant generates easy-to-understand summaries and responses with clickable citations, enabling users to quickly access the source material and validate responses with confidence.
- Comparison and Analysis: Users can effortlessly compare multiple versions of a contract, ensuring consistency, spotting discrepancies, and identifying key differences across up to 10 contracts, including scanned documents.
- Secure Sharing and Signing: With seamless integration, users can review contracts with stakeholders and request e-signatures, all within a single application.
Ensuring Data Security and Reliable Responses
Adobe prioritizes data security and responsible AI development in its Acrobat AI Assistant features. Governed by stringent data protection protocols and aligned with Adobe’s AI Ethics principles, the system ensures that customer data is never used to train Adobe's generative AI models, nor is it accessible to third-party large language models (LLMs).
To further enhance response accuracy and reliability, Acrobat AI Assistant integrates LLM technologies with Adobe's proprietary artificial intelligence and machine learning models, which also power Liquid Mode. This advanced approach improves document structure comprehension, leading to higher-quality AI-generated outputs. Additionally, the AI Assistant employs extensive prompt engineering and an intelligent framework to deliver precise, relevant responses tailored to contract documents.
Acrobat AI Assistant's Growing Adoption
Adobe Acrobat remains an indispensable productivity tool, with over 650 million monthly active users processing more than 400 billion PDFs within the app each month. Since its launch in February 2024, Acrobat AI Assistant has revolutionized document interactions, significantly enhancing efficiency for users. The rapid adoption of its capabilities has led to a remarkable increase in engagement, with customer conversations within the app doubling quarter over quarter in the last quarter of 2024.
Pricing and Availability
The new contract intelligence capabilities in Acrobat AI Assistant are now available to customers. Users of both the free Adobe Reader and the paid Acrobat versions can purchase Acrobat AI Assistant as an add-on for $4.99 per month. These features are accessible across desktop, web, and mobile platforms in worldwide English, with additional language support to be introduced in the future.
By leveraging AI-powered contract intelligence, Adobe Acrobat AI Assistant empowers users with the tools they need to confidently navigate complex agreements, streamline workflows, and ensure informed decision-making in an increasingly digital world.
Validate your login
Sign In
Create New Account