What slips away fast, and you can’t get back? TIME. This holiday we are sharing 12 ideas and tips on saving and getting time back with your legal tech.
On the Sixth Day of Giving, My Legal Tech Gave to Me… Playbooks!
Most Artificial Intelligence (AI) requires a human in the loop. On Day five (yesterday) we highlighted our AI-assisted contract review feature, Contract Risk & Compliance (CR&C). Using AI to analyze your contracts and extract risky clauses will save you valuable time and help manage risk. But how does the AI know your company’s terms and conditions, compliant text, and fallback language?
Playbooks.
Pre-Built Contract Playbooks
Playbooks can be complicated and time-consuming to build. Fortunately, our team of legal engineers and product experts have designed playbooks for you. We’ve made common contract types easily accessible and digital, such as NDA, MSA, license agreements, and more. They are ready for you to use, and you can customize them with your company’s compliant language.
Playbook Contract Types
Our playbooks cover the most common contract types for buy-side, sell-side, and general contracts (see here). The playbooks are built into ContractPodAi Cloud, our Contract Lifecycle Management (CLM) platform, and enable AI to review your contracts and extract your non-compliant terms and conditions. They provide guardrails for reviewers, making delegation a possibility. Users can quickly assess risk with a scorecard and navigate to the non-compliant text where they’ll have access to the playbook data—compliant text, fallback language, and explanations.
Need to customize your playbooks? Leveraging the pre-built playbooks gives you a big jumpstart because it eliminates the need to start from scratch. Add CR&C to automate your contract review and you’ll be left with even MORE time to focus on high-value tasks or…just take a nap!
Want to find out more? Book your demo here!
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