Agiloft Launches ‘Obligation Management’ Solution

CLM company Agiloft has launched a very broad Obligation Management solution, focused on contract review, but which ‘transforms static contract text into data-driven intelligence, helping [to] eliminate manual review, prevent value leakage, and improve compliance’. There are also a bunch of task management capabilities as well.

The move follows last week’s news that they’ve hired legal ops expert, Jason Barnwell, from Microsoft to join as their CLO.

Using the solution, companies can ‘automate the extraction of their obligations from contracts….eliminating human error and inefficiencies, while unlocking new levels of compliance and operational efficiency’ they said.

At the heart of this release is what they call Screens Run Action, a new capability – derived from their purchase of startup Screens – that enables users to automatically analyze a contract, extract key obligations, and ‘send the results into the Agiloft platform, ready for review, reporting, and follow-up’.

The CLM company has worked with legal experts to create a ‘packaged library of out-of-the-box obligation types’ covering ‘Financial, Delivery, Service Levels, Termination, Confidentiality, Regulatory, Data, and Insurance’ areas.

But, that’s just the start. There is also a project management capability that allows you to assign tasks and track progress, which comes with automated reminders and ‘escalates overdue tasks, ensuring contract commitments are never overlooked’.

Teams can also easily configure tracking rules or integrate obligation data with other enterprise systems to maintain a unified view of compliance, they added.

Andy Wishart, Chief Product Officer at Agiloft, commented: ‘Enterprises today manage thousands of contracts, and the cost of missed obligations – whether penalties, compliance failures, or missed revenue – is staggering. With our new Obligation Management capabilities, we are giving enterprises data-rich tools for modern business transformation: to turn every contractual commitment into actionable insight, capture real business value, mitigate risk, and turn obligations into measurable outcomes.’

Is this a big deal?

It kind of feels like an update and reorganisation of many aspects that were already there, in effect bringing together a host of capabilities and linking them together in a way that is intuitive and one of those 2 + 2 = 5 scenarios.

And that is often one of the challenges CLM companies face: they do so much. They handle so many tasks, from review, to template development, to workflow management and task management, to storage and more, it can sometimes be hard to join it all together in a way that really builds a good experience. Continual advances in AI also just complicate things, as what’s possible keeps changing every few months.

Overall then, this looks like a smart move that brings together and adds to what Agiloft can do. The battle between all those who help with contract review for inhouse teams continues apace.

More here.