Sold by: Factspan
Legal Lens AI automates contract analysis by extracting key clauses, identifying risks, and ensuring compliance. It helps legal and procurement teams streamline contract review, mitigate potential liabilities, and accelerate decision-making with AI-powered insights.
Overview
Legal Lens AI transforms contract management by using AWS Data Analytics & AI services to extract critical clauses, assess obligations, and detect potential risks. It empowers legal and procurement teams to enhance compliance, speed up contract reviews, and reduce manual effort. With automated insights and risk identification, businesses can negotiate contracts faster, improve regulatory adherence, and make informed decisions with confidence.
AWS Services Used in this solution are: Bedrock, SageMaker, Lambda, RDS, S3, and Comprehend.
Key Capabilities: Contract Review Automation: Analyzes contracts for key clauses and obligations Risk Identification: Detects potential legal and financial risks Compliance Assurance: Ensures adherence to regulatory requirements Efficiency Optimization: Speeds up contract lifecycle management
Highlights
- Obligation Tracking: Implement a robust contract management system to track and monitor key contract terms, including deliverables, payment schedules, and termination clauses. Set up automated alerts to notify stakeholders of upcoming deadlines and potential compliance issues. Regularly review and update contract records to ensure accuracy and completeness.
- Risk Scoring for Agreements: Contract risk assessment is the process of identifying, analyzing, ranking, and mitigating potential legal, financial, and operational risks within a contract, and monitoring those risks to ensure mitigation strategies remain effective.
- Multi-Language Support: Extract and translate key clauses from contracts in multiple languages to summarize provisions, compare versions, and facilitate cross-border transactions.
Details
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Delivery method
Deployed on AWS
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Pricing
Custom pricing options
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Support
Vendor support
We offer comprehensive support to help you get the best out of Factspan FLUX: Email: Contact@factspan.com /genaihub@factspan.com Phone: +91-6364465639 Support Portal: <www.factspan.com/contact-us/ > Our support team is available to assist with integration, configuration, and troubleshooting. Expect timely responses and tailored assistance to meet your specific requirements.