Technology
Legal-Grade™ AI for the Technology Sector
Global technology firms are choosing Luminance’s AI to adapt to regulatory requirements, optimize commercial activity and stay at the forefront of innovation.
As a world-leading, multi-trillion-dollar industry, the technology sector is under immense pressure to keep up with rapidly evolving regulation, facilitate complex and fast-paced developments and stand out in an extremely competitive, saturated market. Luminance is helping technology companies of all sizes to satisfy these demands, with award-winning AI that enables business-wide efficiency and enhanced commercial insight.
Bringing the Power of Legal-Grade™ AI to the Technology Sector
Keep Up with Evolving Regulation
- Guarantee new products and services comply with existing regulation, with an automatic first pass review of all incoming contracts
- Check all existing agreements are compliant with new regulation immediately, with granular analysis across Luminance’s AI-powered repository
- Ensure global commerce is compliant across regions, using Luminance’s language- and jurisdiction-agnostic technology for cross-jurisdictional matters
Maximize Business Opportunities
- Spot potential risks and disruptors, with an AI Insights screen offering a comprehensive snapshot of commercial data
- Access key commercial information instantly, with rapid search functionality and out-of-the-box identification of over 1,000 clauses and data points
- Proactively renew, upsell, and cross-sell with automatic alerts and reminders of key timings, including expiry, renewal and break dates
Minimize Time to Deal Execution
- Expedite processes by empowering commercial teams to generate and negotiate contracts independently, from pre-approved, customisable templates
- Accelerate time to signature with automated workflows, including a centralised helpdesk for legal queries and eSignature tool integrations
- Increase operational efficiency with team KPI tracking, ensuring opportunities aren’t missed or delayed
"AI is a must-have for any forward-thinking legal team."
40% time-savings on administrative tasks per week
Read the ProSapient case study