Kira will also speed the population of your contract lifecycle management (CLM) solution.
Kira comes with the ability to identify hundreds of common data points and clauses in sales contracts, vendor agreements, commercial contracts, employment agreements, NDAs, leases, licenses and more. Using patented Quick Study technology, Kira can be easily customized to identify and extract virtually any contract information required to populate a CMS or CLM. It works even when the format and wording vary from document to document.
Bring Legacy and Third Party Contracts to Life
Whether companies are implementing a new CMS or CLM, migrating newly acquired contracts, or working to improve their legacy contract data that was not previously collected, they will have to review large repositories of contracts for key terms and data points. However, ensuring that the data is accurate, especially when there may be a high volume of legacy and third party contracts, can be a time consuming and expensive project for any company.
By adopting Kira Systems’ innovative solution for contract metadata extraction, companies and their advisors can complete a review project in half the time and increase the accuracy of their review. This means companies who may be concerned about the resources necessary to migrate their data to a CMS can also enjoy the benefits of digitizing their contract information.