After doing multiple contract AI deals with vendors such as Evisort, Harvey, Dioptra, and most recently Thomson Reuters, CLM company Icertis has now launched its own contract AI tool – Vera. But not just that, it comes with a host of related tools, including a bunch of agents as well.
So, what is Vera?
They explain that it is a ‘smarter AI for contracts…powered by one of the largest repositories of contract data in the world, Icertis Vera reflects the true intent of agreements with unmatched accuracy through deep contextual understanding of the business relationships captured in contracts’.
I.e. it reads contracts and tells you what they are all about, clearly via tapping genAI language understanding skills and bouncing off their own KM store of contract types and clauses.
But, that is not all, there is also Vera Copilot, Vera Agents, and extra applications including Vera Analytics.
Or as they explain: ‘Backed by contract data curated over more than 15 years and a proven history of AI innovation, Icertis Vera comprehends the relevance of contract terms and nature of relationships between customers, suppliers, and partners and encodes these nuances of contract language into a semantic knowledge graph.
‘This enables better understanding of complex contract dynamics – such as the compound risk across multiple related clauses or cascading obligations in a complex supply chain – by industry vertical, geography, and intended business objectives.’
And they noted that: ‘As the engine for Icertis AI, Vera also continuously refreshes to provide dynamic, living intelligence – enabling greater agility than legal-specific models and positioning customers to quickly adapt as the business landscape evolves.’
In short, after launching such a comprehensive contract analysis tool, why do they need four, or three, depending on how you count it, contract AI legal tech vendors as allies? Hmmm…..got to say AL is a bit confused on that one. But, as they explained to this site earlier, they seek to bring in plenty of partners and give their customers lots of choice.
Anand Subbaraman, CEO of Icertis, commented: ‘In the age of AI, trust comes at a premium. Vera, derived from veritas, is AI our customers can trust to carry out the full intention of their contracts better than any other AI in the market.
‘Icertis Vera uniquely harnesses knowledge gained from our hard-earned position as the contract intelligence platform of choice for the world’s largest enterprises. With customer confidentiality and data privacy at the forefront, we created AI expressly for contracts that better understands the underlying purpose of your agreements and the relationships that they govern.’
And in terms of the other parts mentiond above:
‘Vera Analytics: is an AI application that is operational from day one to accelerate time to value with actionable contract intelligence at enterprise scale.
Vera Agents: agent that correctly apply a company’s playbook at the negotiation table, while also maximizing the value of contracts long after the ink dries.
The first Vera Agents available to the market in Q3 2025 will include:
‘Vera Composer Agent to reduce contract drafting times from days to minutes. By instantly turning user inputs into review-ready contracts, this agent alleviates the legal team’s workload while maintaining consistency and minimizing risk.
Vera Insights Agent to eliminate post-signature blind spots. With end-to-end visibility into risks and opportunities in contracts, this agent ensures compliance across complex supply chains and positions enterprises to make smarter business decisions.
Vera Fulfillment Agent to protect customer relationships. By tracking commitments like service credits, implementation timelines, and feature delivery dates, this agent ensures promises to customers are kept as agreed to in contracts.’
Helping with all of this, is Accenture, which earlier this week got mentioned in terms of helping with their new hook up with Thomson Reuters’ CoCounsel for contract analysis.
Christina Demetriades, Group Operating Officer, Accenture Legal, said: ‘Together with Icertis, we’re also co-developing our own set of agents to accelerate legal transformation for customers and reimagine the future of contracting with agentic AI: empowering our clients to fully capture the value of their business relationships.’
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So, there you go. Earlier, AL suggested that Icertis was seeking to have a hub and spoke strategy, where they were the centre of all things contract-based and clients could use their core offering and also the other vendors that connected to them (see above). Now they’ve gone one step further and really built out a very comprehensive set of AI tools for contract work, all of their own.
One challenge here is how will clients know which pathway to choose, given they’ve now provided so much choice and have so many allies / spokes in the system?
Either way, it shows that CLM is evolving, it’s 100% not dead at all.
You can find more about Icertis here.
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