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Spend Matters Conducts an Extensive Profile of ContractAI
Spend Matters, a procurement analyst firm, has conducted an extensive profile of ContractAI, which included product analysis as well as the voice of customer studies.
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CIO Applications | Wednesday, March 17, 2021

Spend Matters, a procurement analyst firm, has conducted an extensive profile of ContractAI, which included product analysis as well as the voice of customer studies. Spend Matters evaluated solution and technology capabilities in the context of the CLM market.
FREMONT, CA: App Orchid, a leading enterprise AI platform company, has announced that it received its first in-depth analyst coverage for ContractAI, a fast-growing AI-powered contract management tool in the CLM (Contract Lifecycle Management) space that uses AI to transform the contracting process, dramatically improving the analysis, creation as well as negotiation of contracts.
Spend Matters, a procurement analyst firm, has conducted an extensive profile of ContractAI, which included product analysis as well as the voice of customer studies. Spend Matters evaluated solution and technology capabilities in the context of the CLM market. Created on App Orchid's enterprise AI platform, ContractAI was considered by Spend Matters as having the most sophisticated AI model in comparison to its peers.
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"We are thrilled to be a part of Spend Matters' analyst coverage. Spend Matters has been the leading source for procurement solutions intelligence. The positive feedback for ContractAI is a huge testament to our amazing team that has built this truly transformative solution on our enterprise AI platform," stated App Orchid's chief executive officer, Vaibhav Nadgauda.
"The time since its initial conception and pilot has been only a couple of years, and in that time, it has managed to produce a respectable set of customer references," stated Nick Heinzmann, Research Analyst, Spend Matters. "It would seem the solution is well-positioned to address a key procurement pain point readily — if it can more deeply break into an already highly competitive CLM market with a lot of "noise" about the promise of AI. ContractAI certainly has the technical bona fides to do so."
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