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Description

We have created an innovative AI-driven solution for contract analysis that significantly streamlines the review of force majeure clauses for businesses. In the absence of AI, legal professionals would waste considerable time locating the specific force majeure language, governing law, and other relevant clauses within contracts. This initiative has received funding from Innovate UK’s Sustainable Innovation Fund. Our platform is capable of automatically extracting critical data points, identifying patterns, and classifying various documents. It accurately interprets contracts across multiple formats, efficiently organizes extensive contract data, and delivers insightful analytics regarding the information extracted. By utilizing this platform, companies can expedite contract reviews, manage large datasets with greater ease, and enhance overall contract management strategies. It swiftly navigates through immense volumes of information and highlights contracts that meet predefined criteria. Furthermore, the platform facilitates intelligent contract development, ensuring that the drafting process is not only quicker but also more intuitive and efficient. This solution ultimately empowers organizations to optimize their legal workflows and improve compliance across their contract portfolios.

Description

For over ten years, members of the Ultria Team have been implementing Practical Artificial Intelligence to enhance Information Governance for leading global enterprises. The development of Ultria's AI-driven approach to contract management emerged out of necessity, as some clients process over a million contract line items annually, while others look for assistance with supply chain risk assessments or analyzing customer orders during mergers and acquisitions. With the added pressure of a complex regulatory landscape and shifting geopolitical dynamics, the demand for high-quality metadata extraction, consistent clause matching, and risk assessment became critical, prompting the establishment of a distinct AI component. This component not only integrates seamlessly with Ultria's Contract Lifecycle Management (CLM) solution but is also designed to be utilized independently by organizations that may not yet have a CLM system in place. Ultria Orbit offers strategic flexibility in implementation, making it easier for companies to adapt to their specific needs and challenges in managing contracts effectively. Ultimately, this innovative solution empowers organizations to navigate the complexities of contract management with greater efficiency and accuracy.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Uhura Solutions

Founded

2018

Country

United Kingdom

Website

uhurasolutions.com

Vendor Details

Company Name

Ultria

Country

United States

Website

ultria.com/products/artificial-intelligence-powered-contract-management-ultria-orbit/

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