The following is a guest blog post by Diligen. Diligen is a contract assistant powered by AI that provides high quality contract review, helping to cut review time in half by automatically identifying key provisions, generating summaries and helping teams manage the contract review process. Diligen’s AI and ML platform has been trained by experienced lawyers and allows legal teams to tackle the increased volume of contract review without adding additional resources, or requiring current resources to work around the clock.
A brief scan of any legal market survey will confirm the obvious — law firms and corporate legal departments that leverage technology, and specifically newer innovations like AI and machine learning, will have a competitive advantage. This is never more true than with the often tedious and manual contract review and diligence process. Enter Diligen, a contract assistant powered by AI and machine learning that provides high quality contract review, helping to cut review time in half by automatically identifying key provisions, generating summaries and helping teams better manage the contract review process.
Diligen for Box
Box Skills is a framework that applies best-of-breed AI technologies like Diligen to your content within the Box cloud content management platform. Specifically, the Diligen Box Skill enables legal teams within law firms and corporations to review contracts faster and more efficiently — from within your Box account.
Click here to see how Diligen contract analysis may be used within Box.
Click here to navigate through the process of initially connecting your Diligen and Box accounts.
How does it work?
For Box legal clients with documents stored within Box, the Diligen integration means instant insight into their legal contracts, making it faster and more efficient to find specific clauses and provisions. From within the Box environment, users can select to have certain contracts analyzed by Diligen to see specific key language automatically identified within the contract. Users will be able to quickly see, for example, all term, termination, assignment or change of control language in their contracts summarized alongside the page, saving time searching for important language dispersed throughout documents. Diligen automatically identifies over 200 different provision types across the areas of M&A due diligence, lease review, tax and finance and confidentiality.
AI-powered help is on the way
With Diligen contract review software, your law firm clients can price M&A and corporate finance transactions or lease review projects more competitively. That sets you up to win more business.
Your legal teams can handle higher contract volumes and rapidly surface key information in contracts. That sets them you up to pursue new and larger business opportunities with higher stakes and confidently ‘punch above your weight’.
In-house legal teams can gain insight into thousands of legacy contracts — reducing review time, surfacing key terms across contracts and enabling your team to quickly identify which contracts need to be amended in response to policy or regulatory changes.
Learn how the Diligen Box Skill can improve your legal teams’ productivity, efficiency, workflow and compliance when it comes to contract review. You can also visit www.diligen.com or email firstname.lastname@example.org for more information.