Contract Review Tools Revolutionized with ReviewAI Smart Checklists By Onit May 11, 2021 Artificial Intelligence,Business Process Management,Contract Lifecycle Management 3 Minute Read It’s no secret that in-house lawyers have too much to do and too little time to do it, making contract review tools a necessity, not a luxury. So, how can contract AI help in-house lawyers? They often have a long list of what they want and need from AI and technology that includes: Eliminating painful, repetitive and non-complex work Freeing up time to focus on strategy and high-value work Increasing the quality of contract review Working faster and handling higher volumes of work With these priorities in mind, Onit launched contract AI tool ReviewAI seven months ago. ReviewAI does the repetitive work that lawyers want to streamline so they can concentrate on more strategic contributions. It reviews, redlines and edits all types of contracts in less than two minutes, including NDAs, MSAs, SOWs, purchase agreements, employment agreements and more. In addition, its Microsoft Word Add-In enables lawyers to work the way they are accustomed to working. Now, Onit has announced a substantial enhancement to ReviewAI – Smart Checklists. It’s contract AI that goes beyond alerts and does the work. Keep reading to learn more, view a demo here or you can hear Jean Yang, Vice President of the Onit AI Center of Excellence, explain it in the latest episode of our Onit podcast. Contract AI That Goes Beyond Alerts – It Does the Work Smart Checklists, offered as part of the ReviewAI Word Add-In, evolves contract review tools by turning playbook checks into intelligent and collaborative tasks. It tracks what’s important, what to do next and what is done – all in an intuitive solution that requires no training. How does it work? Open a contract, and ReviewAI has Smart Checklists ready to go. As a result of this contract AI tool, lawyers save upward of 52% of their time on contracts, while legal teams improve consistency, lower contract risks and better support the business. Making Contract Review Tools Smarter Lawyers have always worked off of some sort of checklist during contract reviews. The problem is that the lists often only exist on a piece of paper or in someone’s head. They’re static. ReviewAI Smart Checklists uses AI to create checklists made up of concrete, task-based actions that are generated from your company playbook. Rather than going through the tedious undertaking of applying that playbook yourself, ReviewAI digitizes it for you automatically. If you need to break your contract review into multiple sessions, ReviewAI and its Smart Checklists remember where you left off and make it easy to keep track of where you are, what’s been done and what you still need to do. How to Get Started with ReviewAI Smart Checklists Onit’s ReviewAI Smart Checklists, a revolutionary approach for contract review tools, is available immediately. To learn more, you can: Listen to the podcast featuring the VP of Onit’s AI Center of Excellent, Jean Yang, discussing ReviewAI and Smart Checklists (posted above in this blog post). Visit here to see a five-minute demonstration video of Smart Checklists. If you are an Onit customer, reach out to your account manager to learn more. Schedule a personalized demo to see more or email [email protected] for more information. Today's Popular Resources Webinar Accelerate Time to Revenue with AI Contract Management Read More Infographic Enterprise Legal Report Infographic – UK Read More Case Study Transforming Service Delivery Case Study Read More Subscribe Today Sign up for updates on new posts from our blog. Related Readings Business Process Management The Need for Speed: 3 Ways Legal Can Elevate Efficiency Read More Enterprise Legal Management The Ultimate Guide For Legal Departments to Directly Influence Business Materiality, Growth and Efficiency Read More Enterprise Legal Management The ROI of Legal Operations: Measuring Success and Demonstrating Value with Legal KPIs Read More Thank you for subscribing!