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Companies tagged with legal technology

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.

Nalytics

Nalytics from Nalanda Technology is a unique search and discovery platform. Nalytics enables any individual, business user or organisation to easily and quickly search and analyse all of their unstructured data, such as emails, spreadsheets, word documents or PDF files. Organisations across the legal sector are facing an increasing number of challenges as a result of the rapid growth of unstructured data and companies need to be sure that they are using the right tools to not only manage this data, but ensure they are doing so in a time-efficient and cost-effective manner. As an independent software vendor in the electronic search and discovery space, Nalytics helps law firms explore their data in order to quickly and easily locate the required information at the right time. Using context retrieval, we enable law professionals to uncover new information and gain deeper insights into their cases in order to work faster and smarter, enabling better decision making for clients. With practical applications in contract analysis, due diligence, litigation and more, Nalytics provides innovative solutions to ensure that law firms are managing their business more effectively than ever before. Delivered as Software as a Service (SaaS), Nalytics searches the inherent structure of documents and data content to enable fast, precise and accurate location of information. Clear results are returned within their context, allowing immediate review of relevance. With the growth of AI and Machine Learning (ML) across the legal sector, Nalytics not only saves time and money, but also supports lawyers in doing their job better.