Luminance, the pioneer in Legal-Grade™ AI, today announced that Flex, an advanced, end-to-end global manufacturing leader, has adopted its cutting-edge technology to optimize contract management and review processes.

As a multinational company with operations in over 30 countries, Flex adopts technologies that optimize processes, reduce costs, and increase agility in response to dynamic market demands. As part of this enterprise-wide initiative, Flex invited departments to propose financially beneficial AI solutions. The legal department aimed to find AI technology for supplier contract management and agreement redlining. After a thorough evaluation process, Luminance was selected as the optimal solution.

Luminance’s AI-powered contract review is expected to transform Flex’s global procurement and supply chain operations, which handle over 5,000 new contracts annually, representing $1 billion in spend. Luminance’s Traffic Light Analysis (TLA) functionality automatically highlights risky or non-standard language in any incoming agreement, acting as a legal spellchecker and expediting the first-pass review. Going a step further, the Auto Mark-Up feature brings routine third-party contracts into line with Flex’s preferred positions in the click of a button. This facilitates outgoing contracts’ adherence to Flex’s standards, maintaining consistency and control across vast procurement and supply chain teams.

“In partnering with next-generation providers like Luminance, Flex is rapidly accelerating its legal review, enhancing data visibility for informed decision-making, and achieving remarkable efficiencies,” said Justin Schwartz, VP and Deputy General Counsel at Flex. “Given the volume of contracts we process, we estimate that Luminance will pay for itself within the first year through time savings in review and drafting alone.”

Eleanor Lightbody, CEO at Luminance, shared, “I’m thrilled to have Flex join the Luminance family. We’re seeing an increasing number of manufacturers turn to Luminance’s Legal-Grade™ AI to transform their contract management. Given the current climate of regulatory uncertainty and supply chain challenges, AI provides clear oversight into contractual mandates. I’m excited to watch this partnership flourish.”

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

About Luminance
Luminance is the Contract Intelligence platform that turns the language that defines a business into the intelligence it runs on. Born out of the University of Cambridge and purpose-built by AI, legal and technology experts, Luminance understands the history and context of every contract. It acts on that intelligence, proactively surfacing risk, flagging obligations, accelerating negotiations and driving action across Legal, Finance, Procurement, Sales and the wider business. It enables enterprises to learn from their contracts, while contracts learn from the enterprise, helping businesses make better decisions and move forward with confidence.