rfrnz offers automated contract analysis for legal professionals based on Machine Learning and Natural Language Processing. Its contract analysis system will accelerate and improve contract analysis and save time and cost for law firms and legal departments.
The analysis of contracts is costly and time-consuming for legal professionals. It is currently done mostly manually. This does not only take a lot of time but is also error-prone.
With rfrnz, legal professionals can automatically analyze single contracts or bulks of contracts. The system understands the content and identifies or extracts relevant information: concepts, clauses or single KPIs. It also provides a risk analysis which highlights specific clauses that are unusual, risky or missing. Customers save about 50-70% of their time when analyzing contracts. The system can be trained quickly for different contract types, languages and jurisdictions. It automatically learns and improves with every processed contract. rfrnz is integrated in the customers’ IT landscape and data can easily be exported into other systems like CRM or ERP.
Our customers are law firms and corporates. Especially legal and procurement departments in corporates can use our solution to improve their contract workflow and avoid having these departments as bottlenecks. more