14 February 2023 | Luminance, the leading AI provider for legal process automation, today announced that it has entered into a strategic partnership with Hitachi Vantara, the modern infrastructure, data management and digital solutions subsidiary of Hitachi, Ltd., to help deliver Luminance’s advanced AI software to major corporations around the world.

Hitachi Vantara and Luminance share a common goal in providing advanced automation solutions that enable customers to enhance efficiency and optimise operational performance. For many organisations facing tightening budgets, increased efficiency demands and exploding volumes of data in need of storage and review, automation technology is now playing a critical role in every facet of global businesses. Against this backdrop, growing numbers of organisations, including Hitachi Vantara, are turning to Luminance’s AI to automate their legal departments and drive efficiencies across their enterprise.

Having experienced first-hand the ability of Luminance’s AI to revolutionise its contract creation and negotiation processes, Hitachi Vantara will now look to bring Luminance’s next-generation technology to its customer base and beyond. By providing the option to trial Luminance’s award-winning AI when purchasing products and services, Hitachi Vantara will ensure its customers can unlock maximum business value through innovation.

Indeed, with over 500 customers globally, including all the Big Four and multinational corporations including Koch Industries, Liberty Mutual Surety and Avianca Airlines, 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.

Chris Gill, Insurance Director at Hitachi Vantara, said: “In an increasingly busy and uncertain world where time is at a premium, General Counsel across all industries must look at leveraging next-generation technologies such as Luminance to better support supply chain demands and customer needs. As a customer ourselves of Luminance, Hitachi Vantara is experiencing this value first-hand and we are delighted to play an active role in bringing this next-generation technology to our customer base and beyond.”

Eleanor Lightbody, CEO of Luminance, added: “We are delighted to partner with such a prestigious company which, like Luminance, recognises the need to embed innovation in every aspect of a business, not least Legal. Luminance’s AI is crucial for firms looking to futureproof their businesses and we look forward to working alongside the Hitachi Vantara team to help their customers automate labour-intensive legal tasks and redirect resource to high-value work. I am excited to see Luminance’s AI generate value for their customers.”

ENDS

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.