CORPORATE

End-to-End AI for the Enterprise

Luminance Corporate brings Legal-Grade™ AI to every touchpoint a business has with its contracts. From taking a first pass review of any contract under negotiation, to automated Q&A and redrafting via Luminance’s first-of-its-kind Legal-Grade™ chatbot, and an intelligent repository for granular insight into all contractual data, Luminance is an invaluable tool for any legal team.

AI for End-to-End Contract Processing

AI-Powered Negotiation

Just like an AI-powered legal “spellchecker”, Luminance automatically analyses any contract out-of-the-box, visually indicating where terms differ from previously agreed wording and therefore pose a risk. Luminance can even bring third-party contracts into line with gold standards in a click, reducing time drains for the legal team. Alternatively, where terms do not meet internal standards, suggested precedent and fallback positions are available at all times via the sidebar in Microsoft Word and can be substituted with just one click.

Legal-Grade™ Chatbot

Ask Lumi is a first-of-its-kind chatbot underpinned by specialist, Legal-Grade™ AI. Users can ask Luminance’s chatbot natural language questions about their documents and receive instant, legally accurate responses. Lawyers can even ask Luminance’s chatbot to summarise a contract in seconds, redraft clauses on-the-fly to quickly amend problematic provisions with compliant wording, as well as generate clause wording that finds the perfect middle ground between counterparty paper and their preferred position. The chatbot is also available within the repository, helping users looking to rapidly locate documents and receive instant answers to any contract query.

Intelligent Contract Repository

Luminance’s AI-powered repository automatically extracts key information from all contracts, whether executed or under negotiation, providing instant insight across over 1,000 legal concepts, such as contract term, clauses present, and governing law. Luminance automatically highlights areas of risk or business opportunity such as key periods within contracts, while powerful tools for real-time reporting of user activity enable effective project insight and KPI tracking. The Ask Lumi chatbot is also available within the repository, helping users looking to rapidly locate documents and receive instant answers to any contract query, e.g. ‘Which of our Sales Agreements are assignable but require written consent?

Business-Wide Automation

Luminance’s AI empowers non-legal teams to generate, negotiate and amend contracts in line with internal standards. From Sales and Procurement to Finance and HR, every business function can use Luminance to draft their own compliant contracts from approved templates. With Luminance Self-Serve, non-legal teams can use Luminance’s AI to take a first pass review of third-party contracts. Luminance will instantly highlight areas of risk and suggestions for how to bring documents into line with company standards, helping to reduce legal bottlenecks and accelerate time-to-signature.

AI-Driven Legal Process Automation

Luminance’s easy-to-use Drag-and-Drop Workflow Editor manages the efficient, compliant flow of contracts around an organisation, helping to automatically assign workflow by virtue of contract properties, including content, governing law, type and language. The Legal Helpdesk provides a centralised system for Legal to communicate with employees requesting contracts, asking queries and accessing legal help.

Luminance Autopilot

In a live demonstration, Luminance recently became the first AI in the world to completely automate the negotiation of a contract, without human intervention, between two opposing parties. Autopilot empowers Luminance’s award-winning AI to handle the day-to-day negotiations of routine contracts such as NDAs. The AI can read a contract, remediate areas of risk, and respond to any changes made by the counterparty’s AI. All of this is done automatically, with the AIs utilising knowledge from their respective business’s previous agreements and preferred positions. Join the waitlist below to learn more.