AI Use Case
Automate contract due diligence
Ensure that a contract does not contain hidden obligations, liabilities or other legal exposure. And also ensure compliance with increasingly complex and every changing regulations, such as IFRS.
Legal And Compliance
Cost - Job automation,Operational Support - Issue / outlier ID,Risk reduction - Reduced legal exposure
Thomson Reuters~Thomson Reuters expedites the remediation process by 30% for clients using a machine-learning contract analytics platform,"""Osler, Hoskin & Harcourt LLP""~Osler, Hoskin & Harcourt LLP increases document review efficiency by using Kira document analysis software to draw out relevant information from contracts",British Telecom~British Telecom saves an estimated £100M a year using the automated contract analysis platform RAVN,Dell~Dell reduces costs while ensuring contractual obligations are met with contract analysis automation,Mondelēz International~Mondelēz International saved on expenses by automating client contract analysis ensuring corporate spinoff delivered on-time and budget,Freshfields Bruckhaus Deringer~Freshfields Bruckhaus Deringer identifies discrepancies in rent contract documents and collections during real estate investment due dilligence using automated contract analysis ,CAS~CAS reduces time spent on contract analysis for Brexit implications by 75% using a machine learning platform,Portolano Cavallo~Portolano Cavallo reduces manual document review time by 33% for merger and acquisition due diligence using Luminance's machine learning platform,SoftBank~SoftBank accelerates due diligence of ARM acquisition by reducing patent portfolio searching from weeks to day using machine learning
eBrevia,Kira Systems,Ravn Systems,Axiom,Axiom,Leverton,Luminance,Luminance,Aistemos
Machine Learning (ML),Product Type - Natural Language Processing (NLP),Product - Optical Character Recognition (OCR),ML Task - Prediction - Data Translation/Transformation,ML Task - Prediction - Annotation,ML Task - Prediction - Multi-class Classification,ML Task - Prediction - Binary Classification,Product Type - NLP - Text Entity Extraction