Vaultedge Software

Vaultedge automates Legal Contract reviews. The software helps lawyers as well as other business users to automatically review contracts, identify risks, make changes and create summaries. Users save upto 90% of time reviewing contracts using Vaultedge. Reviewing contracts and identifying obligations & risks is a critical process in Contract management. Today this process is completely manual with legal and contract management professionals reading through contracts, comparing with standard approved positions and identifying risks. Each such review takes 3 to 4 hours. This leads to long contract negotiating cycle leading and lost or delayed revenues. Vaultedge uses artificial intelligence (AI) and machine learning to understand Contracts the way a lawyer does. With Vaultedge, you can upload a contract and see the risks (deviations from standard template) highlighted in less than 60 seconds. Vaultedge also suggests alternate language for clauses. We achieved this by building an AI platform for unstructured data and training it over 1000s of contracts to accurately identify more than 300 clauses and data points. Using Vaultedge, companies can save 90% of time spent reviewing contracts. Most importantly, with Vaultedge any body can accurately review contracts.


Overview

StatusActive
CategoryDocument Automation
HeadquartersBangalore, India
Founded2015
Tags contract review, contract abstraction, contract analysis, document automation, contract automation, legal technology
Websitewww.vaultedge.com
Social

Crunchbase

Related companies


Eigen Technologies 

Eigen is a research-led artificial intelligence company based in London and New York. Our mission is to help individuals and organizations make the right decisions, and we do this by unlocking the value of their qualitative data. Eigen automates the extraction and classification of information from documents. Our simple, flexible Natural Language Processing (NLP) technology accurately extracts information from diverse types of documents at scale and can be integrated into our clients’ workflows. We use state-of-the-art machine learning algorithms to recognize patterns in text and give accurate answers to unique questions. This enables our clients to use data in new ways to make the right business decisions: driving down costs, finding opportunities, calculating risks, and meeting regulatory requirements. Founded in 2014, our clients include some of the most respected names in finance, law, and professional services. As a research-led company, we translate the latest methodologies from applied physics, mathematics and machine learning into the technology that underpins our product.

contracts, machine learning, document automation

Lawbox 

Lawbox' document automation software was developed using micro-services, and is therefore highly customisable and can be integrated with almost any other system. We also set up ready-to-use white labeled platforms, with design and content included.

template marketplace, document automation

LegalSifter 

LegalSifter reviews contracts in a minute or two using artificial intelligence and the advice of a client’s lawyers and leaders. Clients start by uploading draft contracts that they are negotiating, particularly those written on other party’s paper. Sifters – software trained to read text that learns over time – review the draft contract and identify important legal and business concepts that demand attention or are missing entirely. The Sifters trigger Help Text, in-context advice tailored to the client’s business and negotiation position.

document review, contract automation, contract review

Clause Logic 

Clause Logic is a customizable document drafting platform -- built into Word -- and tailored for the way lawyers work. Our productivity-boosting tools allow you to draft and review documents more efficiently, minimize errors, reduce unbilled time, and work from home effectively. We don't create templates or provide pre-written content; we give you the tools to automate the parts of document drafting that don't require legal skills, so that you can serve more clients, or spend your time on high value work that your clients appreciate more, or just spend more time not working.

knowledge management, productivity tool, document automation, legaltech

NextLex Inc 

NextLex developped multitude of standardized legal products which can be offered at fixed prices. The technology comprises a fully developed software for contract and legal process automation. The NextLex software solution is multi-client capable and cloud-based and both usable for B2B and B2B services.. NextLex in particular automates documents and processes for companies as law firms, notaries and in-house counselling units. We offer this service as a technology provider, without being market participants ourselves. As such, companies and in-house counselling units receive access to automated templates and can therefore improve the efficiency of their document-based processes. The products are offered in a licensed, standardized package form on the one hand, or created individually for the customer on the other hand.

document automation, software development, legal products, compliance