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focus time: AI automatically shows compliance
Luminance visually indicates where terms differ from previous agreed wording via a ‘traffic light’ system. Where terms do not meet internal standards, alternative acceptable wording suggestions are provided from internal precedent banks and industry benchmarks.
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overview of entire contractual landscape
Luminance acts as a central interface for viewing all contracts, whether under negotiation or already agreed. Luminance’s AI reads the contracts, presenting this analysis visually, broken down across a number of interactive widgets. These can be used to quickly search and filter to important information within a few clicks.
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bringing the power of AI to microsoft word
Luminance integrates with Word via a plugin. Open your contracts in Word and Luminance’s machine learning analysis labels key information such as clauses, parties and other important data points, allowing users to navigate around contracts with ease.
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easily view and apply precedent
Within Word, Luminance shows alternative wording from precedents; this can be substituted at the click of a button. Lawyers can provide rationale on-the-fly whilst negotiating contracts, which is captured within Luminance. Not only does this ensure knowledge is not siloed or lost during personnel changes, but junior counsel can follow this guidance and ensure better adherence to internal standards.
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complete visibility into counterparty’s changes
Luminance’s Paragraph Analysis technology allows the user to track the history of mark-ups and amendments to contracts, even if Track Changes weren’t switched on when the edits were made by the counterparty, giving confidence that nothing has been missed.
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Sophisticated Legal Process Automation Tools
Luminance’s easy-to-use Workflow Editor enables seamless rule creation and manages the efficient, compliant flow of contracts around an organisation. Rules can be created and customised via an intuitive drag-and-drop interface, with any number of conditions put in place to hierarchically assign workflow by virtue of contract properties including content, governing law, type, language, etc.
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