LawGeex 4.0 release sees next generation of AI contract review for businesses
TEL AVIV, Israel, September 6 2017: LawGeex, the leading AI contract review platform for businesses, has today launched product enhancements that provide more control, speed and consistency than ever before.
LawGeex combines machine learning algorithms and text analytics to quickly review and approve everyday contracts, helping businesses answer the question “Can I sign this?”
The new features and significant design upgrade empower customers to have deeper and wider control of their AI-powered reviews, contract editing and approval process.
Main features of the latest release include:
1. More granular control when creating legal policies in the LawGeex Policy Center.
The introduction of specific variations of legal concepts allows businesses more granular control in clause concepts they want to see — and do not want to see — in contracts before signing them. Based on these pre-set policies, the LawGeex’s AI can automatically accept, red flag or reject clauses in incoming contracts.
2. Revamp of LawGeex’s Action Center — where the contract can be edited after the AI’s first line of defense. When reviewing a contract within LawGeex, customers can now clearly see which of their policies were applied to each clause and can red-line the contract within the platform, instantly inserting their company’s standard clause language with one click (LawGeex also provides default language). Users also have full visibility on their company’s clause definitions, fallback positions, tips, and more, during the editing process, bringing an unparalleled transparency and cohesiveness between a company’s policies and the actual contract review. The enhancements also include improved layout for LawGeex AI-reviewed contracts. Clauses are grouped simply by their status as “Missing” or “Present”, and reviewers are simply able to manually override the acceptance or rejection of clauses.
3. LawGeex’s SaaS platform and servers are now fully ISO/IEC-27001 certified, ensuring the highest enterprise levels of privacy and security.
Michal Bell, Head of Product at LawGeex said: “This new generation of LawGeex is based on detailed feedback from our clients. LawGeex now offers the most simple and transparent contract approval ever. Businesses at a stroke, can enjoy fast, accurate and consistent contract review, putting an end to legal bottlenecks.”
Blog post by Head of Product Michal Bell on today’s launch on reducing legal risk through consistency
LawGeex (http://www.lawgeex.com ) is transforming legal operations using artificial intelligence, and helping businesses save hundreds of hours and thousands of dollars reviewing and approving everyday contracts.
Founded in 2014 by international lawyer Noory Bechor and leading AI expert Ilan Admon, LawGeex enables businesses to automate their contract approval process, improving consistency, operational efficiency and getting business moving faster.
LawGeex combines machine learning algorithms, text analytics and the knowledge of expert lawyers to deliver in-depth contract reviews using the customer’s pre-defined legal policies. LawGeex removes the contract bottleneck, helping customers’ legal, procurement and operations teams focus on the big picture without getting lost in the paperwork.