What is Contraxaware?
Contraxaware is an AI-powered contract lifecycle management and analysis software designed for in-house legal teams. It provides a centralized platform to store, manage, track and analyze contracts to gain better visibility and control.
Key features include:
- Metadata extraction - Automatically scan and extract key information from contracts using AI.
- Risk detection - Flags risky clauses based on custom rules.
- Analytics - Gain insights from contract data with reports and dashboards.
- Review workflows - Assign, track progress and collaborate on contract reviews.
- Integration - Integrates with systems like Office 365, SharePoint, Dropbox.
By leveraging machine learning and natural language processing, Contraxaware speeds up manual tasks like metadata tagging, abstracting and contract comparisons. This helps legal professionals focus on more strategic aspects of contract management. It provides comprehensive audit trails and version control for compliance purposes.
Overall, Contraxaware brings advanced AI capabilities to contract lifecycle management. It helps in-house legal teams work smarter by digitizing contract processes that aid better compliance management and decision making.