Intapp Assist generative AI feature now available for Intapp Terms
Intapp (NASDAQ: INTA) has announced the general availability of Intapp Assist for Terms, featuring a new generative AI tool called Ask Intapp. This Microsoft Teams app uses conversational queries to provide immediate answers about client contractual obligations, significantly reducing research time for legal professionals. Ask Intapp integrates with Intapp Terms, the firm's single source of truth for managing client obligations throughout the client lifecycle.
The new feature aims to streamline compliance with outside counsel guidelines, potentially increasing topline revenue and client satisfaction. Early adopter Fredrikson & Byron P.A. reports improved efficiency in reviewing outside counsel guidelines. Ask Intapp is available for cloud-deployed Intapp Terms, offering a more streamlined process for lawyers and staff to meet client obligations while focusing on providing expert counsel and driving revenue.
Intapp (NASDAQ: INTA) ha annunciato la disponibilità generale di Intapp Assist for Terms, che presenta un nuovo strumento di intelligenza artificiale generativa chiamato Ask Intapp. Questa app per Microsoft Teams utilizza interrogazioni conversazionali per fornire risposte immediate sui obblighi contrattuali dei clienti, riducendo notevolmente il tempo di ricerca per i professionisti legali. Ask Intapp si integra con Intapp Terms, la fonte unica di verità dell'azienda per la gestione degli obblighi dei clienti durante l'intero ciclo di vita del cliente.
La nuova funzionalità mira a semplificare la conformità alle linee guida dei consulenti esterni, potenzialmente aumentando il fatturato e la soddisfazione dei clienti. L'early adopter Fredrikson & Byron P.A. riporta un miglioramento dell'efficienza nella revisione delle linee guida dei consulenti esterni. Ask Intapp è disponibile per Intapp Terms implementato nel cloud, offrendo un processo più snello per avvocati e personale per soddisfare gli obblighi verso i clienti, concentrandosi nel fornire consulenze esperte e nell'aumentare il fatturato.
Intapp (NASDAQ: INTA) ha anunciado la disponibilidad general de Intapp Assist for Terms, que cuenta con una nueva herramienta de inteligencia artificial generativa llamada Ask Intapp. Esta aplicación de Microsoft Teams utiliza consultas conversacionales para proporcionar respuestas inmediatas sobre las obligaciones contractuales de los clientes, reduciendo significativamente el tiempo de investigación para los profesionales legales. Ask Intapp se integra con Intapp Terms, la única fuente de verdad de la firma para gestionar las obligaciones de los clientes a lo largo del ciclo de vida del cliente.
La nueva función tiene como objetivo simplificar el cumplimiento de las directrices de los abogados externos, lo que podría aumentar los ingresos y la satisfacción del cliente. El primer adoptante Fredrikson & Byron P.A. informa sobre una mejora en la eficiencia en la revisión de las directrices de los abogados externos. Ask Intapp está disponible para Intapp Terms desplegado en la nube, ofreciendo un proceso más ágil para que los abogados y el personal cumplan con las obligaciones del cliente mientras se centran en proporcionar asesoramiento experto y aumentar los ingresos.
Intapp (NASDAQ: INTA)는 새로운 생성형 AI 도구인 Ask Intapp을 특징으로 하는 Intapp Assist for Terms의 일반 사용 가능성을 발표했습니다. 이 Microsoft Teams 애플리케이션은 대화형 쿼리를 사용하여 고객 계약 의무에 대한 즉각적인 답변을 제공하며, 법률 전문가의 연구 시간을 크게 단축합니다. Ask Intapp는 고객 라이프사이클 전반에 걸쳐 고객 의무를 관리하기 위한 회사의 유일한 진실의 원천인 Intapp Terms와 통합됩니다.
이 새로운 기능은 외부 상담 가이드라인 준수를 간소화하여 잠재적으로 매출과 고객 만족도를 높이는 것을 목표로 하고 있습니다. 초기 채택자인 Fredrikson & Byron P.A.는 외부 상담 가이드라인 검토에서 효율성이 향상되었다고 보고합니다. Ask Intapp는 클라우드 배포된 Intapp Terms에서 사용할 수 있으며, 변호사와 직원이 고객 의무를 충족하는 한편 전문적인 상담을 제공하고 수익을 창출하는 데 집중할 수 있도록 보다 간소화된 프로세스를 제공합니다.
Intapp (NASDAQ: INTA) a annoncé la disponibilité générale de Intapp Assist for Terms, doté d'un nouvel outil d'intelligence artificielle générative appelé Ask Intapp. Cette application Microsoft Teams utilise des requêtes conversationnelles pour fournir des réponses immédiates concernant les obligations contractuelles des clients, réduisant considérablement le temps de recherche pour les professionnels du droit. Ask Intapp s'intègre à Intapp Terms, la seule source de vérité de l'entreprise pour gérer les obligations des clients tout au long du cycle de vie du client.
La nouvelle fonctionnalité vise à simplifier la conformité aux lignes directrices des conseils externes, ce qui pourrait augmenter les revenus et la satisfaction des clients. Le précurseur Fredrikson & Byron P.A. signale une amélioration de l'efficacité dans l'examen des lignes directrices des conseils externes. Ask Intapp est disponible pour les Intapp Terms déployés dans le cloud, offrant un processus plus fluide pour les avocats et le personnel afin de répondre aux obligations des clients tout en se concentrant sur la fourniture de conseils d'experts et la génération de revenus.
Intapp (NASDAQ: INTA) hat die allgemeine Verfügbarkeit von Intapp Assist for Terms bekannt gegeben, das mit einem neuen generativen KI-Tool namens Ask Intapp ausgestattet ist. Diese Microsoft Teams-App nutzt gesprächige Abfragen, um sofortige Antworten zu den vertraglichen Verpflichtungen der Mandanten zu geben, was die Recherchezeit für Juristen erheblich verkürzt. Ask Intapp lässt sich mit Intapp Terms integrieren, der einzigen Quelle der Wahrheit des Unternehmens für das Management von Mandantenverpflichtungen über den gesamten Lebenszyklus des Mandanten hinweg.
Die neue Funktion zielt darauf ab, die Einhaltung der Richtlinien externer Berater zu optimieren, was potenziell den Umsatz und die Kundenzufriedenheit erhöhen könnte. Der Frühadopter Fredrikson & Byron P.A. berichtet von einer verbesserten Effizienz bei der Überprüfung von Richtlinien externer Berater. Ask Intapp ist für cloud-deployte Intapp Terms verfügbar und bietet einen optimierten Prozess für Juristen und Mitarbeiter, um Mandantenverpflichtungen zu erfüllen, während sie sich auf die Bereitstellung fachkundiger Beratung und die Umsatzsteigerung konzentrieren.
- Launch of Intapp Assist for Terms with Ask Intapp feature, potentially improving efficiency and compliance
- Integration with Microsoft Teams, enhancing accessibility for users
- Positive feedback from early adopter Fredrikson & Byron P.A., indicating real-world benefits
- Potential to increase topline revenue and client satisfaction through improved compliance management
- availability to cloud-deployed Intapp Terms users only
Insights
The release of Intapp Assist for Terms, featuring the Ask Intapp AI tool, represents a significant advancement in legal tech. This integration of generative AI within Microsoft Teams addresses a important pain point in the legal industry: efficient compliance with complex client obligations.
The key benefits include:
- Streamlined access to client requirement data
- Reduced time spent on research and inquiry
- Improved compliance with outside counsel guidelines
While this innovation could enhance productivity and client satisfaction, its impact on Intapp's financials remains uncertain. The market's reception and adoption rate among law firms will be critical factors to monitor. Investors should watch for metrics on user adoption and any resulting revenue growth in upcoming quarters.
Intapp's new AI feature addresses a critical challenge in legal practice management. The complexity of client obligations has been a growing burden on law firms, often leading to billing disputes and client dissatisfaction. By simplifying access to this information, Intapp could significantly reduce non-billable hours spent on administrative tasks.
However, the legal industry is traditionally slow to adopt new technologies. The success of this tool will depend on its accuracy and ease of use. If effective, it could become a competitive advantage for firms in client retention and acquisition. Investors should monitor adoption rates among top-tier law firms, as their endorsement could drive wider industry acceptance.
While Intapp's new AI feature is innovative, its immediate financial impact may be . As a SaaS company, Intapp's revenue growth is typically gradual, driven by subscription adoption and upgrades. The key financial metrics to watch are:
- Changes in customer acquisition cost (CAC)
- Customer lifetime value (CLV)
- Net revenue retention rate
If Ask Intapp proves valuable, it could reduce churn and increase upsells, potentially boosting Intapp's net revenue retention above the impressive
New AI-powered Ask Intapp lets users receive immediate answers about client commitments within Microsoft Teams
PALO ALTO, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals in advisory, legal, and capital markets firms, today announced the general availability of Intapp Assist for Terms. A new Intapp Assist generative AI feature, Ask Intapp, reduces barriers to complying with client contractual obligations by giving professionals immediate answers to their questions within Microsoft Teams.
Intapp Assist for Terms applies generative AI to a firm’s data within Intapp Terms — their single source of truth for identifying and managing contractual obligations to clients. By integrating compliance with outside counsel guidelines throughout the client lifecycle — from new business intake through time entry and billing — Terms helps increase topline revenue and client satisfaction.
Ask Intapp, the new Intapp Assist feature in Intapp Terms, significantly reduces the time lawyers, billing analysts, and other professionals spend researching, responding to, or awaiting answers to questions about client obligations. It’s a Microsoft Teams app that uses conversational query to quickly answer questions, with direct links to source material, using client requirement data stored in Intapp Terms.
“Lawyers are expected to comply with an unbelievably complex and ever-expanding set of terms across their book of business,” said Nigel Riley, General Manager of Compliance “Ask Intapp uses generative AI to make it easier and less time-consuming for lawyers and staff to meet client obligations, letting them focus on providing expert counsel, accepting new business, and driving revenue.”
Fredrikson & Byron P.A., one of the clients that participated in Intapp’s early adopter program, is already realizing the benefits.
“Our staff no longer have to go into Intapp Terms and search for the right document or contact me with a question,” said Carly Numrich, Risk Counsel at Fredrikson & Byron P.A. “Now they're able to pull up Microsoft Teams and ask it terms questions, such as, ‘What are my payment terms with this client?’ and Ask Intapp provides the answer. It’s a much more streamlined process.”
"We've gained significant efficiency in the process of reviewing outside counsel guidelines," said Brent Eichten, Chief Information Officer, Fredrickson & Byron P.A.
Ask Intapp is available as a part of Intapp Terms when deployed in the cloud. Learn more about the solution here: Intapp.com/terms/Intapp-assist-for-terms.
About Intapp
Intapp helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world's top firms — across accounting, consulting, investment banking, legal, private capital, real assets — trust Intapp’s industry-specific solutions to drive new growth and multiply opportunity. For more information, visit intapp.com and connect with us on X, formerly Twitter (@intapp) and LinkedIn.
Contact
Ali Robinson
Global Media Relations Director, Intapp
press@intapp.com
678-909-0703
FAQ
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