PCL announces enterprise partnership with AI platform
Atlanta-based Document Crunch uses artificial intelligence to to manage contracts and improve workflow.
Key Takeaways:
- PCL says the agreement will allow it to train and empower its project teams to de-risk its projects around contract compliance.
- Officials state that after exploring at least five various solutions, Document Crunch demonstrated the ability to leverage PCL’s current internal processes and improve and automate them.
- Document Crunch was founded in 2019 by Josh Levy, Adam Handfinger and Adam Nadler—two lawyers and a serial businessman.
The Whole Story:
Document Crunch, an AI contract intelligence platform, and PCL Construction, Canada’s largest contractor, have announced a major partnership.
PCL will use Document Crunch’s AI platform to train and empower its project teams to de-risk its projects around contract compliance.
PCL stated that since launching in 2019, Document Crunch has quickly become the industry leader in construction contract risk review and mitigation through its proprietary AI solutions that simplify contracts, standardize contract review by identifying critical risks, and transfer contract knowledge from the back office to the field, allowing for better contract compliance by project teams.
“Our bigger vision has always been around project teams being better enabled at contract compliance,” said Josh Levy, co-founder and CEO of Document Crunch. “We made a significant investment into building an enterprise-grade product ready to be adopted by project teams across the board. This includes meeting the highest data security and privacy standards, having just completed our SOC 2 Type II compliance audit. PCL was an early adopter and an excellent partner who helped us get over the threshold from good early solution to enterprise ready. This partnership is a strong signal that our vision is real, and that our product is ready to be operationalized every day across projects within construction operations.”
PCL explained that they recognized the need to ensure consistency in managing contracts throughout the project lifecycle, as well as the need to create a standardized workflow for the complete transfer of ownership and direction from one responsible party to another at every stage of a project.
“After exploring at least five various solutions, Document Crunch gave us the ability to leverage our current internal processes and improve and automate them,” said Mark Bryant, chief information officer at PCL. “Consistent behavior and approach produce consistent results. This means our customers can be assured we manage project expectations with the same lens regardless of the team.”
According to PCL, the partnership validates Document Crunch’s impact and mission to empower everyone in construction—from the back office to project teams—to understand what’s in their contracts. The contractor added that It also sets new standards for risk review, contract compliance and project management workflows, ultimately leading to a less risky and more profitable industry. .
“The only thing for certain is that change will occur,” said Bryant. “We prefer to be shaping it to the best of our abilities, not trying to catch up.”
