Contract review and drafting can take up to 70% of an in-house legal department’s time. The process is often painfully tedious and repetitive – especially if it is paper-based or spread across multiple systems like email and private drives.
Without digital transformation, contract review and management require enormous time and can lead to risk or costly errors. Challenges like these directly impact a company’s ability to reach favorable contract outcomes and achieve business objectives.
With ever-increasing pressure on legal teams to do more with less, enhancing contract efficiency through automation and the latest technologies represent a significant opportunity to improve business performance.
Artificial intelligence has the power to deliver significant productivity gains and allow lawyers to utilize their skills, experience and talent on higher-value business objectives.
Review AI reviews, redlines and edits contracts like NDAs, MSAs, purchase agreements in less than two minutes, increasing productivity by more than 50%. Learn how by downloading this product overview.