SaaS startup Ultria unveils Orbit AI to bolster its AI powered contract lifecycle management software
Nickie Louise
Posted On October 26, 2019
Ultria, a tech startup that provides cloud-based contract lifecycle management software to simplify contracting processes and management of post-award obligations & legal risks, yesterday unveiled ULTRIA ORBIT AI, a next-generation, Artificial Intelligence solution, Orbit AI is a complementary solution for its contract management application.
Founded in 2012 by Arthur Raguette and Digesh Panchal, the Princeton, New Jersey-based Ultria is the newest division of Verdantis, an organization which has been providing enterprise critical SaaS Governance and Stewardship solutions to G1000 companies for over 14 years. Verdantis created the Ultria division to deliver similar value to legal and revenue teams, after helping organizations boost and sustain their ROI from ERP implementations and more fully realize synergy from Mergers and Acquisitions.
Ultria Orbit personifies Ultria’s Artificial Intelligence capabilities, helping customers streamline workflows across their contract lifecycle, through timely suggestions, diagnosis, and predictions for error-free and dynamic contracts.
“Orbit AI is a complementary solution for our contract management application,” Arthur Raguette, Executive Vice President, Ultria said. “We are proud to introduce Orbit as a part of our contract management suite and to provide additional value to our customer’s CLM experience. We expect Orbit to be a game-changer and take contract management across the horizon.”
Ultria Orbit is designed to assist users across the contract lifecycle, from drafting and assembling contracts, streamlining work flows, to post-contract compliance and obligations management. Orbit’s abilities to extract metadata and identify clause match conditions are powered by proprietary Artificial Intelligence algorithms.
Orbit embodies three different personas, a Guide, an Explorer, and a Protector, all powered by Ultria’s Artificial Intelligence capabilities to streamline your contract management journey.
