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    Luminance Corporate - Legal-Grade™ AI (Private Offer Only)

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    Sold by: Luminance 
    Deployed on AWS
    Luminances Legal Grade™ AI automates and augments every touchpoint a business has with its contracts in one seamless platform. Its Mixture of Experts approach, known as the (Panel of Judges), uses probabilistic consensus to ensure legal grade accuracy during contract generation, negotiation and post execution analysis.

    Overview

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    Luminance is the legal brain of an organization: An end to end platform that powers every contract interaction across Legal, Procurement, Finance, Compliance, HR, and more, streamlining operations, reducing risk, and boosting productivity.

    DRAFT

    Create bespoke contracts in seconds: Easy to use contract generation functionality means templates can be customized according to various conditions. Simply add the relevant information to create a bespoke contract which meets business requirements.

    Empower non legal functions: Pre approved templates can be used by non legal teams to generate compliant contracts autonomously, reducing bottlenecks and ensuring business wide consistency.

    NEGOTIATE

    Direct attention to risk: Instantly spot where language differs from standard or agreed wording, with acceptable alternatives available to insert in a click. Simple step by step Checklists focus time and attention on your businesses core negotiating positions, all from within Microsoft Word.

    Quickly understand content: Use Ask Lumi, Luminances Legal Grade™ chatbot, to get instant, legally accurate responses to any contract query or request. Ask Lumi to summarize a contract, redraft clauses on the fly or generate the perfect middle ground to streamline negotiations.

    Instantly mark up contracts: Automatically redraft risky or non standard clauses in a single click, bringing any contract into line with a companys gold standards so the contract is ready to return to the counterparty in moments.

    ANALYZE

    Instant insight into all enterprise data: Rapidly organise, understand and compare all contracts, both pre and post execution, automatically categorizing documents across over 1,000 legal concepts to get detailed oversight into information from across the organization.

    Stay on top of obligations: Spot areas of business risk or opportunity, with automatic alerts for key periods such as commencement dates, breaks or expiration, to ensure nothing is missed and information is capitalized on.

    COMPLY

    Sift through vast datasets: Analyze entire datasets and surface key information to instantly direct attention to areas of risk or divergences from the norm, ensuring key information is not missed due to human error or sampling.

    Respond to regulatory updates efficiently: Manage distinct datasets across an organizations entire contractual landscape, helping to instantly react to potential implications of changes to regulation, with tailored, strategic business advice based on analysis of internal obligations and expert third party data, combined with advanced AI reasoning to remediate potential risk.

    COLLABORATE

    Centralize legal queries: Communicate directly with Legal via a simple ticketing system, helping legal teams to streamline requests, track activity and reduce response times.

    Eliminate contract bottlenecks: Manage legal workflows via an easy to use, drag and drop interface, ensuring the efficient and compliant flow of contracts around the organization and enhanced oversight over business activity.

    Developed by AI experts from the University of Cambridge, Luminances Legal Grade™ AI is powered by multiple AI models, including proprietary systems and leading open source models. This approach delivers clear, transparent and trusted outputs. Today, more than 700 organisations in 70 countries, including AMD, DHL, and a quarter of the worlds largest law firms, use Luminance to work faster, smarter, and with greater confidence.

    Highlights

    • Auto Mark-Up: Automatically takes a first pass review of incoming contracts and brings them into line with a businesss gold standards and preferred terms in a single click of a button.
    • Ask Lumi Pro: Get instant, legally accurate responses to any natural language query across your organizations entire contract database, allowing users to source information and uncover critical insights in seconds.
    • Deep Insight: Combining our AI with expert third party data to provide real time advice to help businesses respond to events based on a combination of internal standards, contractual obligations and external market standards.

    Details

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    Deployed on AWS

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    Pricing

    Luminance Corporate - Legal-Grade™ AI (Private Offer Only)

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    Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
    Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator  to estimate your infrastructure costs.

    36-month contract (1)

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    Dimension
    Description
    Cost/36 months
    Document Count
    PRIVATE OFFER ONLY - Luminance customers subscribe to a total volume of documents stored in the system at a given time.
    $2,147,483,647.00

    Vendor refund policy

    No refunds will be made except as provided in Clause 8.3 and Clause 9.3 of our Master Hosted Terms.

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    Refer to the Luminance Support Link

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