Integreon Cuts Contract Review Time 40% Migrating 3,000 Contracts to a New CLM with Litera Kira
Integreon deployed Machine Learning & Predictive Analytics for Contract Review & Analysis in Legal Technology & Services. As reported by www.casestudies.com: 40% reduction contract review time.
Source-reported figures — cited source: www.casestudies.com
What Integreon was trying to fix
Integreon, a global legal department transformation provider, was engaged to help a global ride-sharing company migrate contract data into a new CLM system. The task required extracting metadata from a database of over 3,000 contracts spanning about 50 document templates, on a tight six-week timeline.
What Integreon deployed
As a certified Litera Kira service provider, Integreon used Kira's machine-learning contract analysis software, applying out-of-the-box provision models and training client-specific models with the Quick Study feature. The team ingested documents via SFTP, ramped a ten-attorney team quickly, and delivered upload-ready Excel output for the new CLM system.
Results
The engagement processed roughly 3,000 contracts, reduced overall contract review time by 40%, and achieved first-level extraction accuracy of 70-85%. Integreon delivered a rapid go-live within the six-week deadline, providing the client with clear time and quality improvements.
Key Takeaways
- Combining out-of-the-box models with Quick Study-trained, client-specific models let a certified provider hit a tight six-week data-migration deadline.
- ML-assisted extraction paired with rapid attorney team scaling (10 attorneys) cut overall contract review time by 40%.
- First-level extraction accuracy of 70-85% was sufficient to produce upload-ready output for the client's new CLM system.
Evidence for Integreon's Contract Review & Analysis deployment
- Reported outcome metrics
- 3 cited below
- Cited source
- www.casestudies.com
- Last updated
- Source link checked
Explore Related
Details
- Industry
- Legal Technology & Services
- Use Case
- Contract Review & Analysis
- AI Technology
- Machine Learning & Predictive Analytics
- Company Size
- Enterprise
- Company
- Integreon
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