Persistent Systems unveils AI-led solution for contract management

Digital engineering firm Persistent Systems has launched ContractAssIst, an artificial intelligence (AI)-driven contract management solution developed in collaboration with Microsoft. Leveraging Microsoft Azure, Microsoft 365 Copilot, Microsoft Teams, and advanced AI technologies, the tool aims to streamline workflows, enhance collaboration, and reduce operational complexity for enterprises seeking greater efficiency and cost optimisation.

Enterprises often grapple with managing a high volume of contracts from various vendors, resulting in inefficiencies and productivity losses. ContractAssIst addresses these challenges by utilising Microsoft’s robust technology ecosystem. Built on Azure AI, the solution ensures secure data handling, advanced search capabilities, and seamless compliance. It integrates with Microsoft 365 Copilot and Microsoft Teams, offering real-time collaboration and AI-enabled decision support. Advanced models like GPT-3.5 and GPT-4, provided through Azure OpenAI Service, enhance contract analysis via natural language processing, while observability tools such as Elastic and Application Insights ensure scalability and transparency.

The solution consolidates workflows into a centralised dashboard within Microsoft Teams, featuring an AI-powered chatbot that facilitates conversational queries and intelligent suggestions. This reduces delays and optimises processes. Additional features include real-time version tracking, contract comparison, instant notifications, and approval summaries. Unlike competitors relying on standalone tools or limited automation, ContractAssIst’s integration with Microsoft technologies delivers timely, actionable insights and enhances compliance through transparent and auditable workflows.

Persistent claims significant benefits, including a reduction in communication overhead of up to 95%, enhanced productivity saving 20–25 minutes per user daily, and substantial cost savings on annual licensing.

Persistent CEO Sandeep Kalra described the solution as a testament to the company’s AI-led, platform-driven approach to addressing complex enterprise challenges with scalable solutions. He emphasised the role of the company’s collaboration with Microsoft in driving innovation and delivering measurable efficiencies for clients.

Sangita Singh, General Manager, ITES at Microsoft India and South Asia, highlighted the synergy between Persistent and Microsoft in leveraging AI to modernise operations and drive operational excellence globally. She noted the integration of Microsoft’s technologies with Persistent’s expertise as a transformative force across industries.

Earlier this month, Persistent Systems has introduced Pi-OmniKG, an AI-powered knowledge graph solution developed in collaboration with Google Cloud. This innovative platform is designed to revolutionise healthcare and life sciences by expediting biomedical research, optimising data mining processes, and delivering highly accurate insights with unmatched efficiency.

The name Pi-OmniKG reflects its universal capacity to manage diverse data sources ("Omni") and its foundation in advanced Knowledge Graphs powered by Generative AI (GenAI). It tackles the limitations of traditional systems, which often struggle with integrating and analysing diverse datasets, resulting in delayed actionable insights. By streamlining data integration workflows and creating a centralised knowledge base, Pi-OmniKG empowers researchers to uncover complex relationships, make faster evidence-based decisions, and reveal insights that might otherwise remain hidden.