Technology promotes transparency in business agreements

Agreements require formalization in contracts, which are documents with numerous information and clauses to be fulfilled by the parties involved. When one of them is corrupted, this can generate a judicial process. However, in order not to infringe them you need to know them in the smallest detail. Thus, artificial intelligence (AI) is a tool used to maintain transparency. 

Don't use the” girl“letras, keeping transparency in a deal is law! 

The fine print is the information placed in a document with less prominence, that is, it can be written mainly in smaller size. “When the content is “with less prominence”, even more in a text of many pages, such as a contract, it tends to go unnoticed by our reading. However, this does not classify the term as irrelevant. After all, if it is there, it should be read”, warns Carlos Henrique Mencaci CEO of Digital Helper + Sign Well.

In the Consumer Protection Code ODC, for example, the article 46 clarifies the obligation of companies to contribute to the understanding of the subscriber. Thus, the practice of including data with less clarity or “apagados”, goes directly against the law. “ Transparency with the public is an indispensable attitude for any company, especially when it involves commercial or labor relations”, reinforces the executive. 

Artificial intelligence helps companies maintain transparency in contracts! 

According to a survey by Stanford University, 97% of people do not read the contracts or terms with which they agree! “When organizations observe bad practices in the market, they should also repair this type of custom. The lack of knowledge about the agreed rules tends to be a detriment not only to the uninformed individual, but also to the entity. After all, it will return with constant doubts, or even, the noncompliance with the agreement. Therefore, it is worth contributing mechanisms to broaden the understanding of the” documents, points out Mencaci. 

In this context, AI has been shown to be an allied technology to optimize processes, such as reading itself. “A AI from Digital Helper + Sign Well is integrated into the digital rubric system. Before entering into a negotiation, the people involved can use it to summarize the texts or ask specific questions of the content. This is an alternative to facilitate access to information for those who do not pay attention to the contractual clauses”, adds the expert. 

Artificial intelligence is a trend, why adhere to the dynamics of the company? 

A study commissioned by Microsoft for Edelman Communication shows how MSMEs (micro, small and medium-sized companies) are undergoing digital transformation and what role AI is playing in their business. According to the numbers, 74% of respondents were using AI always or often, already 90% of them sought to adopt this technology. 

The application of this trend has become fundamental for any business.“The potential of automation provided by AI is undeniable. This, in fact, increases productivity, increases results and the strategic capacity of institutions.However, in the face of so much innovation available for implementation, the assessment of needs is an indispensable step”, says the entrepreneur. 

For companies still in the process of change, or with the intention of enhancing the corporation, looking at the details is the tip of the CEO.  “Integrating AI in procedures considered simple, such as a signature, tends to modernize the entity. This attitude encourages an efficient look at the needs of the public and the company. In this way, the new tools are explored by the complete”, concludes the expert.