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Docusign aims to use AI to turn complex contracts into plain English.
Summary
Docusign is rolling out AI features that generate plain-English contract summaries and support Q&A, and its Intelligent Agreement Management platform is available inside ChatGPT via the MCP.
Content
Docusign has added AI capabilities to its eSignature tools to help people understand contracts in simpler language. The features produce plain-English summaries and let users ask questions about document details. The company says the tools also automate parts of document preparation to reduce manual work and errors. The IAM platform that powers these features is available within ChatGPT through the MCP.
Key points:
- The AI generates plain-English summaries of dense legal language and supports interactive Q&A with documents.
- The features are part of DocuSign's Intelligent Agreement Management (IAM) platform.
- DocuSign reports that around three in five consumers admit to signing contracts they did not fully understand, and that three in four would feel more confident with AI-generated summaries.
- The AI can also identify agreement types, verify recipients, and place signature and data fields to streamline document preparation.
- DocuSign says its in-house AI engine, Iris, offers improved accuracy, automation, and enterprise-grade security compared with general-purpose large language models.
Summary:
Docusign presents these AI features as a way to make agreements easier to read and to speed completion by signers while reducing manual preparation work for businesses. The IAM platform's availability through ChatGPT's MCP extends those capabilities into a popular chatbot interface. Undetermined at this time.
