Adds Digital Contract Lifecyle Management (CLM) Solution Service to Agreement Manager
Norwell, MA, June 29, 2021 – Acadia, the leading 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 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.”
Acadia is the leading industry provider of integrated risk management services for the derivatives community. Its central industry standard platform enables a network of banks and other derivatives firms to improve efficiency and mitigate costs across the entire trade life cycle.
Acadia’s suite of analytics solutions and services helps firms manage risk better, smarter and faster. Through an open-access model, Acadia brings together the top derivatives banks and asset managers, along with several market infrastructures and innovative vendors.
Backed by 16 major industry participants and market infrastructures, Acadia is used by a community of over 1600 firms exchanging more than $1 trillion of collateral on daily basis via its margin automation services. Acadia is headquartered in Norwell, MA and has offices in Boston, Dublin, Düsseldorf, London,
New York, and Tokyo. Acadia® is a registered trademark of AcadiaSoft, Inc.
About Arteria AI
Arteria AI is a digital contracting software which uses a data-first approach to generate, negotiate and execute complex financial contracts as structured data at the outset. We enable our clients, across financial services including capital markets, to get to an executed and digitized contract faster, and facilitates data flow throughout the organization. Arteria AI has been used by global banks for business as- usual everyday contracting as well as regulatory programs like Uncleared Margin Rules and LIBOR Transition. For more information, please visit www.arteria.ai.
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Acadia® is a registered trademark of AcadiaSoft, Inc.