EVA AI now generates suggested answers in the Q&A

The most important points in brief

• Our AI assistant EVA automatically generates suggested answers to incoming questions in the EVANA transaction data room during the Q&A process.
• The answers are based solely on your documents.
• Each suggestion lists the source. A click leads to the original document.
• Several questions can be prepared in advance in a batch.
• Review and approval remain with you.

From now on, our AI will take over another step in the Q&A process. EVA Automatically generates answer suggestions for incoming questions, directly based on the information in your Transaction data space.

Why the Q&A process takes so much time

Q&A processes are among the most time-consuming tasks in a transaction. Every incoming question must be reviewed, and the relevant documents and information must be researched. Only then can a well-founded answer be formulated.

Most of this time is spent searching for answers. The information resides in the data space, distributed across contracts, appendices, addenda, and minutes.

What AI is now taking over in the Q&A process

With this new feature, EVA is taking over part of the Q&A processing for the first time. It analyzes incoming questions, identifies the relevant information, and uses this to create a context-related answer suggestion.

This provides you not only with the relevant information, but also with a draft response that you can review, adapt, and send. EVANA indicates the source of each statement.

EVA also takes into account what has already been answered in the ongoing process. In a bidding process, several parties ask the same question in slightly different wording. This reconciliation is now included in the draft to ensure that two answers to the same issue do not diverge.

If a whole wave of questions comes in, the suggestions can be prepared in advance. The language doesn't matter. The question can be asked in English, while the contract is in German.

If EVA finds no reliable basis in the data room, it doesn't generate an answer but informs the user. It also indicates if a requested document is completely missing. This is an important feature that allows you to identify gaps before the other party follows up.

Your advantages at a glance

• Automated response suggestionsEVA creates suitable draft answers based on the available data and documents.
• Targeted information searchRelevant content is identified more quickly and used to answer questions.
• Less manual effortThe time-consuming research and initial formulation of an answer are eliminated.
• Faster Q&A processingThe processing time for incoming questions is noticeably reduced.
• Full controlThey review and edit each proposal before approving and sending it.

More focus on what really matters

Time spent today on research and drafting is time that is lacking elsewhere. It is lacking in the preparation of the transaction, in the evaluation of critical issues, and in important decisions.

Added value is created when AI takes over the most time-consuming part of the Q&A process. Due diligence processes run faster, decisions are made sooner, and the knowledge from the data room is used more effectively.

Security and Compliance

Transaction data is among the most sensitive information a company handles. AI in the Q&A process doesn't change that.

The EVANA transaction data room is certified according to ISO 27001 and complies with GDPR, BaFin and DORA-compliant. Your documents remain in the EVANA environment. And you are not bound to the AI model of a single provider.

Experience now what's possible in the Q&A

In 30 minutes, we will show you how EVA processes your questions and how the approval process works within your team.

Frequently asked questions about AI in the Q&A process