Acadia Partners with Arteria AI on Contract Management
Acadia, the industry provider of integrated risk management services for the derivatives community, today announced its partnership with Arteria AI, an end-to-end digital contracting company. Arteria AI uses artificial intelligence and a data-first approach to streamline contract management, contracting services by digitizing contracts as structured data from drafting all the way through to execution.
Agreement Manager is part of the AcadiaPlus Agreements suite of services, and enables fast, scalable consolidation and affirmation of legal and operational data via one cost effective interface. Arteria’s digital contracting services will be integrated into Agreement Manager via a standard adaptor to Acadia to facilitate the exchange of mutual clients’ agreement data.
“The negotiation of legal agreements is often a pain point, and our partnership with Arteria AI will help streamline the process,” said Richard Barton, Head of Product Management at Acadia. “Agreement Manager stores and standardizes legal data, and Arteria AI will allow us to take this one step further to help our mutual clients generate, negotiate, and execute contracts.”
Agreement Manager provides an authoritative record of collateral agreements through common standards and a single workflow. Arteria’s CLM will use its own structured data and data model to map to Acadia’s Agreement Manager API, allowing joint clients to send and receive data from Agreement Manager.
“Our collaboration with Acadia furthers our core principle of data-first contracting and will allow our clients to take the structured data from their contracts in Arteria into Agreement Manager and better manage the overall lifecycle,” said Abrar Huq, Co-Founder and Chief Revenue Officer at Arteria AI. “This partnership enables clients to save time and money by providing for the seamless migration of agreement data to Acadia’s Agreement Manager solutions via our digital contracting services.”
More information about Arteria on the Acadia website