FiscalNote Continues Its Rollout of AI-Powered Copilots, Introducing ‘Copilot for Policy’

Rhea-AI Summary

FiscalNote (NYSE: NOTE) has launched its latest AI-powered tool, ‘Copilot for Policy’, designed to enhance efficiency and impact in policy and legislative workflows for government affairs professionals. The new assistant facilitates rapid policy discovery and analysis through a user-friendly chat interface, offering instant legislative intelligence. Key features include real-time policy insights, detailed bill summaries, and customizable reports. This innovation aims to help organizations stay ahead of fast-paced policy changes and regulatory developments. The announcement follows the recent introduction of the 'Copilot for Global Intelligence', marking a continued emphasis on AI-driven solutions.

Positive

• Introduction of 'Copilot for Policy' enhances policy and legislative workflow efficiency.
• Provides instant legislative intelligence through a user-friendly chat interface.
• Enables real-time access to federal and state policy data.
• Allows for customizable reports for quick dissemination of insights.

Negative

• No direct revenue impact or financial metrics reported.

Insights

Tech Expert

FiscalNote's introduction of the Copilot for Policy highlights a significant advancement in the integration of AI-powered tools in the policy and legislative domain. Leveraging generative AI and large language models, this product yields notable efficiencies for policy professionals. This development aligns with the growing trend of using AI for data analysis and decision-making, making it easier to manage complex regulatory environments. Given the rapid pace of policy changes, such tools become indispensable in ensuring timely and informed responses. However, investors might want to monitor user feedback and adoption rates during the open beta phase to gauge market reception and potential revenue impact.

In terms of fiscal implications, the broad applicability across various sectors including legal, compliance and advocacy could drive adoption, thus potentially boosting subscription revenues and market share for FiscalNote. This innovation may also enhance customer retention by adding value to existing services. However, the competitive landscape should be watched closely as other players may introduce similar AI-driven solutions.

Market Research Analyst

The launch of Copilot for Policy positions FiscalNote strategically within the AI-driven SaaS market. The ability to provide real-time policy information and legislative intelligence can be a game-changer for government affairs professionals. This kind of innovation is likely to attract a diverse range of clients from different sectors who need to stay ahead of regulatory changes. From a market positioning perspective, this product differentiates FiscalNote from competitors by offering a unique blend of AI and proprietary policy data.

However, the eventual success will hinge on user experience and the ability of the Copilot to consistently deliver accurate and insightful data. Investors should consider the potential shift in customer acquisition costs and watch for any increase in customer lifetime value as a result of this new tool.

Company’s Second Innovative AI Copilot is Designed to Enable Increased Efficiency and Impact on Policy and Legislative Workflows for Global Government Affairs Professionals

WASHINGTON--(BUSINESS WIRE)-- FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced FiscalNote Copilot for Policy, an AI-powered assistant to help government affairs, advocacy, legal, and compliance customers discover and take action on critical U.S. federal- and state-level legislation and activity that is mission-critical to their goals and objectives.

Businesses today face an array of challenges emanating from the U.S. Congress and state legislatures across the U.S., including rapid policy developments, electoral change, and regulatory activity. Policy professionals need faster solutions to keep pace with the rate of change, while many government affairs teams face pressure to do more with less to meet the demands of a multifaceted and multi-dimensional policymaking domain. To address this, FiscalNote has developed a revolutionary new AI assistant purpose-built for government affairs leaders.

While the Company’s existing portfolio of policy products and services are already best-in-class for powerful policy discovery, workflow tools, and white-glove custom analysis, FiscalNote’s new Copilot for Policy brings a nimble, self-service legislative discovery and analysis option to FiscalNote’s Policy Suite. Copilot for Policy empowers users to even more efficiently find the critical information they need from the Company’s portfolio of renowned policy and legislative tracking and monitoring products — serving as an essential ‘smart assistant’ for government affairs, public policy, and advocacy teams.

FiscalNote Copilot for Policy is optimized for the specific needs of customers, delivering legislative intelligence in seconds. Through an intuitive chat interface, Copilot for Policy users can ask questions related to a wide range of federal and state policy and legislative issues — and go from learning about a bill to immediately briefing their organization for action steps.

Key use cases of Copilot for Policy include the ability to:

• Access real-time policy information and intelligence based on data gathered from FiscalNote’s trusted and authenticated sources of federal and state legislation.
• Ask for a summary of a bill or for specific details of proposed legislation in a series of questions and answers, making it easy to locate critical intelligence about legislation and its status.
• Customize reports to instantly share insights generated by the Copilot across the enterprise, giving users the ability to quickly address policy developments.

“The introduction of FiscalNote’s second Copilot is yet another groundbreaking demonstration of our accelerated product strategy and ongoing innovation efforts, with AI at the forefront,” said Josh Resnik, President & Chief Operating Officer, FiscalNote. “Thousands of global government affairs and advocacy leaders already depend on FiscalNote to be their trusted partner to deliver essential public policy intelligence with unparalleled confidence, accuracy, and timeliness. Purpose-built and customized specifically for the policy domain, Copilot for Policy leverages the power of AI to equip our customers to stay one step ahead of the ever-sharpening curve of policymaking at the federal and state levels with instant, actionable answers about policy and legislation. It’s like having a legislative counsel right at your fingertips, powered by FiscalNote’s authoritative, proprietary databases. We look forward to continuing our relentless AI innovation to help deliver even more results for our global customers.”

FiscalNote’s AI Copilots are its latest innovation to provide quick support on tasks related to legislation, regulatory compliance and responses, advocacy, constituent communications, and global risk analysis. Using these tools, customers can automate tasks, improve decision-making, and increase productivity and efficiency — driving value and results. FiscalNote Copilots combine the power of large language models and FiscalNote’s trusted industry-leading policy and geopolitical data all in a seamless workflow to provide critical and actionable answers and insights.

FiscalNote Copilot for Policy is the second copilot utilizing state-of-the-art generative AI launched by the Company. The recently introduced Copilot for Global Intelligence is an AI-powered assistant to help customers assess the shifting global landscape, manage emerging developments, and mitigate the risk involved with the world’s most pressing geopolitical, macroeconomic, security, and regulatory challenges. The Copilot for Global Intelligence empowers users to more efficiently and effectively find the critical information they need from the Company’s portfolio of renowned geopolitical and intelligence products — providing an essential tool for security, policy, strategy, and intelligence teams across major corporations, worldwide organizations, and governments.

A demo of FiscalNote Copilot for Policy is featured as part of the Company’s “AI Product Day 2024” program, a video of which is being released at 10:00 am ET (U.S.) today and can be viewed here. Copilot for Policy is available as a free-access, open beta to registered users here.

About FiscalNote

FiscalNote (NYSE: NOTE) is a leader in policy and global intelligence. By uniquely combining data, technology, and insights, FiscalNote empowers customers to manage political and business risk. Since 2013, FiscalNote has pioneered technology that delivers critical insights and the tools to turn them into action. Home to CQ, Dragonfly, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote

View source version on businesswire.com: https://www.businesswire.com/news/home/20240627067966/en/

Media

Nicholas Graham

FiscalNote

press@fiscalnote.com

Investor Relations

FiscalNote

IR@fiscalnote.com

Source: FiscalNote

FAQ

What is FiscalNote's new AI tool for policy professionals?

FiscalNote has launched 'Copilot for Policy', an AI-powered assistant to enhance efficiency in policy and legislative workflows.

When was FiscalNote's 'Copilot for Policy' announced?

The 'Copilot for Policy' was announced in a press release by FiscalNote.

What are the key features of FiscalNote's 'Copilot for Policy'?

Key features include real-time policy insights, detailed bill summaries, and customizable reports.

How does 'Copilot for Policy' benefit government affairs professionals?

'Copilot for Policy' helps professionals stay ahead of policy changes by providing instant legislative intelligence and facilitating rapid policy discovery.

Is FiscalNote's 'Copilot for Policy' available for use?

Yes, 'Copilot for Policy' is available as a free-access, open beta to registered users.

Does FiscalNote have other AI-powered assistants?

Yes, FiscalNote also offers 'Copilot for Global Intelligence', designed for geopolitical and intelligence tasks.