Get Simplified Generative AI-powered Insights for All Your Contracts in G-Drive and Sharepoint
Automatically scan contracts to extract due dates, renewal triggers, payment terms and enable workflow to ensure compliance and timely action. Alert appropriate parties as regulatory environment changes or key deadlines approach.
Scan for risky clauses, provide risk scoring, and flag potential issues. Highlight areas that need review by legal or business teams.
During renewal and contract negotiations, provide comparative data, flag unacceptable/risky terms and suggest alternative based on past deals and group norms.
*The Business Impact has been calculated on a company with a team of 30 counsels, that should be recruiting 5 additional counsels to handle the growing demand. The business impact is accounted for the number of business days in a year.
Productivity savings | # of Units | Cost per Unit | Annual |
Counsel FTEs | 5 | $95,000 | $475,000 |
Cost savings | # of Units | Cost per Unit | Annual |
Savings from other external SaaS services | 30 | $3,6000 | $108,000 |
Business Impact | # of Units | Cost per Unit | Annual |
Improved quality of service for non Legal users | 251 | $1,500 | $376,500 |
Faster answers to non Legal users | 251 | $20 | $5,020 |
Improved contract drafting workflow | 251 | $160 | $40,160 |
C-Suite dashboard overview of global contractual landscape | 20 | $8,000 | $160,000 |
Automatic evaluation of impact of new regulations (CPRA, GDPR, LGPD,...) | 10 | $5,000 | $50,000 |
Sub-total | $631,680 | ||
Total annual impact & savings | $1,214,680 | ||
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