We have announced the launch of our Contracting & Pricing AI Assistant. Integrated into the Woven Data Platform, the AI Assistant answers questions and provides ad hoc analyses utilizing transactional and master data, statutory calculations, and contractual documents managed within the controlled environment of the platform.

Our managed services revolve around structuring and annotating data for contract operations and statutory reporting. Clients can now directly use AI capabilities to translate the data we manage for them into business insights, with applications to Financial Planning and Market Access.

Here are a few examples of the Contracting & Pricing AI Assistant's capabilities:

• Answer questions about contract utilization by product or customer.
• Summarize performance of a drug in a distribution channel, and create projections based on history.
• Explain details of statutory calculations, such as AMP (Average Manufacturer Price) or ASP (Average Sales Price), and identify drivers of change.
• Find applicable terms in contractual documents, such as rebate rates or fee calculations.

The Contracting & Pricing AI Assistant comprises a modular and expanding set of AI agents with specialized skills, implemented on top of a frontier Large Language Model (LLM). The AI Assistant is integrated into the secure, cloud-based instances of the Woven Data Platform dedicated to each pharmaceutical manufacturer client. 

Check out this demo video of the AI Assistant in action:

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