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Exari Systems

AI-driven contract lifecycle management platform for automating, analyzing, and optimizing enterprise contract processes.

Pricing
Enterprise contract
Built for
Corporate legal departments
Funding
Acquired
Team size
51-200
Founded
1999
Industry
Software Development

Use cases

Contract draftingContract review/RedliningCompliance monitoringDocument summarizationDue diligance

Practice areas

Corporate / M&ARegulatoryReal estate

Company

Exari Systems, previously operating under the domain exari.com, specialized in contract lifecycle management (CLM) software. The company provided solutions for automating the creation, management, and analysis of contracts, primarily targeting legal, procurement, and sales departments within large enterprises. Exari’s platform enabled organizations to streamline contract processes, reduce risk, and ensure compliance. Exari did offer AI-powered features, particularly in contract analytics and document automation. Their AI capabilities focused on extracting key data from contracts, identifying risks, and providing insights to help organizations make better decisions. The target audience for these AI products included legal professionals, contract managers, and compliance teams in industries such as financial services, insurance, and large corporations. In 2019, Exari was acquired by Coupa Software, and its technology has since been integrated into Coupa’s Business Spend Management platform.

Use cases in depth

Exari (now part of Coupa) offers a unified AI platform for finance, procurement, and supply chain management. Key features and functions include: - Supply Chain Design & Planning: Network optimization, transportation optimization, inventory optimization, demand modeling, app studio, and tariff impact planning. - Supply Chain Collaboration: PO collaboration, forecast collaboration, and inventory collaboration. - Source-to-Contract: Category strategy, sourcing, advanced sourcing optimization, contract management, supplier risk, and performance management. - Procure-to-Pay: Intake and orchestration, procurement, inventory management, services procurement, and spend analysis. - AP Automation: Invoicing, payments, virtual cards, expense management, and fraud detection. - Treasury & Cash Management: Treasury management, cash, and liquidity management. - AI Capabilities: AI-driven insights, autonomous procurement, scenario modeling, and machine learning for supply chain and spend optimization. - Industry Solutions: Tailored solutions for various industries including automotive, banking, healthcare, retail, and more. These features help organizations automate and optimize their spend management, procurement, and supply chain processes using AI and analytics.

Practice area fit

Exari primarily supports the practice area of Contract Management, which is relevant to Corporate/M&A, Regulatory, Real Estate, and other areas where contract lifecycle management is critical. It is not specifically tailored to litigation, IP, family law, criminal law, or immigration. Key features and functions of Exari include: - Contract creation and drafting - Clause library and template management - Approval workflows and e-signature integration - Centralized contract repository with search and filter - Version control, audit trail, and compliance tracking - Reporting, analytics, alerts, and notifications - Third-party integrations and role-based access control - Contract renewal and obligation management - Document assembly, collaboration tools, and mobile access - Milestone tracking, dashboard, data import/export, and digital signature - Auto extraction, buy/sell side contract support, specialty contracts, and batch processing.

Security & compliance

There is no evidence that Exari is covered under SOC 2 Type II, ISO 27001, GDPR, HIPAA, or CCPA compliance based on available search results. No official certifications or compliance statements for these standards were found for Exari.

Data handling

There is no explicit data handling information or policies found on exari.com regarding "no data retention," "client data not used for training," "on-prem deployment," "private cloud," or "customer-managed encryption keys." No relevant statements or documentation from Exari directly address these keywords.