Jan 23 2023 | Luminance, the global leader in legal process automation, today announced that four major manufacturing companies have recently adopted its award-winning AI to streamline and automate the work of their in-house legal departments.
Against a backdrop of supply chain disruption, evolving ESG regulations, consumer protection legislation and collaboration challenges due to cross-border teams, global manufacturing companies are facing a particularly challenging environment. In response, businesses are turning to Luminance’s AI to automate legal workflows, ensure compliance and gain a competitive edge.
Luminance uses the latest advances in machine learning to automate and enhance the entire contract lifecycle. With over 500 customers globally including multinational organisations such as Koch Industries and Liberty Mutual, Luminance’s technology is the first AI in the world that can be used out-of-the-box to take a first pass review of incoming contracts, with in-built knowledge banks suggesting compliant wording for areas that present risk.
Furthermore, Luminance’s powerful legal process automation tools including an easy-to-use Workflow Editor and centralised Legal Helpdesk ensures the seamless, compliant flow of contracts around an organisation of any size working in any language. This advanced functionality has proved critical for manufacturing companies working across borders.
Eleanor Lightbody, CEO of Luminance, commented: “We are excited to see how legal teams across the global manufacturing industry are using Luminance’s AI to facilitate cross-team collaboration, get rapid answers to urgent business questions and maintain compliance. Luminance is a game-changing technology for any in-house legal team looking to turn crucial contract data into digital assets and future-proof their business.”
Luminance is the world’s most advanced AI technology for the legal processing of contracts and documents. Founded by mathematicians from the University of Cambridge, Luminance’s AI reads and forms a conceptual understanding of documents in any language. Luminance uses this understanding to augment the spectrum of legal matters, from AI-powered contract drafting, negotiation and review to investigations and eDiscovery. Luminance is trusted by over 500 customers in 60 countries, including all of the Big Four consultancy firms, a quarter of the world’s largest law firms and multinational organisations.
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