Kira, now from Litera (acquired August, 2021) is software that searches and analyzes contract text. Kira offers pre-built, machine learning models covering due diligence, general commercial, corporate organization, real estate and compliance. Using Kira Quick Study, anyone can train additional…
The following is a quick overview of editions offered by other software in similar categories
OpenAI headquartered in San Francisco, aims to ensure that artificial general intelligence benefits all of humanity. OpenAI’s API provides access to GPT-3, which performs a wide variety of natural language tasks, and Codex, which translates natural language to code.
Conga CLM (formerly Conga Contracts, or Novatus) is a contract management software solution built around features such as contract creation, automated notifications, and approval and workflows.
ContractHero is a contract management solution that consolidates the most important information in a company. The platform is hosted on german servers and boasts hundreds of customers, among other companies like Eurowings, Isar Aerospace, Bringmeister, and Tiffany. ContractHero offers automated and…
Kira doesn't have out of the box clauses in other languages. High prices, especially considering the market in Latin America. Capacity of reading … For firms outside English speaking countries, I believe Kira can be too expensive to be used, once it requires that the firm itself teaches Kira how to read … it takes a lot of time to get it ready…
providers and is also more flexible around integrations. This, plus the clear pricing structure, is why we went for it instead of (or as well as) others. Diligen
Significantly lacking alerting and notification mechanism It is not competitively priced in comparison to other platforms that offer the same technology … since there still is a need for manual review Negative ROI: It has been cost prohibitive to scale it
otherwise be possible.Used across our international practice.Heavy use in our low-cost paralegal team—Legal Delivery Centre.
a similar level of accuracy and functionally through different means. The cost is higher with luminance, however, but with no knock on conceivable benefit
appetite to pay for teams of people to identify and extract key terms. The value is not in identification and extraction but rather in the legal team's review … Being able to undertake reviews of larger document sets quickly and more cost effectively.
Decrease cost of attorneys reviewing contracts
to make it more useful for the kinds of client interactions needed. The Pricing Model needs to be much more flexible and reflect the different ways that … I recommend internally only. Externally the pricing model makes it less attractive to a lot of my colleagues. And there…
the product and how it works, they find it's quicker so are reducing the cost of the work.
