Intapp Assist generative AI feature now available for Intapp Terms

Rhea-AI Summary

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.

Positive

• 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

Negative

• availability to cloud-deployed Intapp Terms users only

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

What is Intapp Assist for Terms and how does it work with INTA stock?

Intapp Assist for Terms is a new generative AI feature from Intapp (NASDAQ: INTA) that uses Ask Intapp to provide immediate answers about client contractual obligations within Microsoft Teams. It aims to improve efficiency and compliance, potentially positively impacting INTA stock by increasing revenue and client satisfaction.

How does Ask Intapp benefit legal professionals using INTA's solutions?

Ask Intapp benefits legal professionals by reducing the time spent researching client obligations. It provides quick answers to questions about client requirements using data from Intapp Terms, allowing lawyers and staff to focus more on providing expert counsel and driving revenue.

What feedback has Intapp (INTA) received from early adopters of Ask Intapp?

Fredrikson & Byron P.A., an early adopter, reported significant efficiency gains in reviewing outside counsel guidelines. They noted that staff can now quickly get answers to terms questions through Microsoft Teams, streamlining their processes.

When did Intapp (INTA) announce the general availability of Intapp Assist for Terms?

Intapp (NASDAQ: INTA) announced the general availability of Intapp Assist for Terms, featuring the Ask Intapp tool, on August 12, 2024.