Summize Launches AI Redlining Solution that Mirrors True Lawyer Behavior
October 08 2024 - 11:00AM
Business Wire
New AI advancements and HubSpot integration
make it easy for lawyers and business stakeholders to leverage
automation in their contract work
Summize today announced its newest Contract Lifecycle Management
(CLM) advancement for in-house legal teams to use AI Redlining
within contract drafting and review. The Summize AI Redlining
solution uses a unique rulebooks approach that provides automated
redlining within Microsoft Word to help legal professionals
eliminate repetitive contract management tasks and prioritize more
strategic initiatives.
According to a Summize survey of 100 in-house legal
professionals, 81% agreed that basic contract tasks dominate their
daily workloads, leaving much less time for high-value strategic
work. The new Summize AI Redlining feature is a guided,
lawyer-driven process that walks users through contract language
step-by-step to make redline recommendations that can be easily
reviewed and approved. There is no contract rewriting or reframing,
unnecessary mistakes, or AI hallucinations that waste a legal
team’s time.
Using a sophisticated AI review engine, Summize reviews
contracts at the click of a button, checking for deviations from
standard positions and generating redline suggestions where needed.
The Summize solution does not replace entire sections of a clause
with new content, but instead specifically changes the words or
phrases that need adjustment against the defined rules, allowing
for truly trackable changes and protecting the integrity of the
contract. This approach to AI mirrors human behavior, making
results more consistent and producing an authentic legally modified
contract.
At the ACC Annual Conference in Nashville, Summize also launched
its native HubSpot integration for faster contract completion for
sales, customer success, and procurement teams. Within HubSpot
Deals, teams can easily generate standard contracts, such as NDAs,
while more complex reviews and requests are routed to legal through
pre-defined Summize workflows. Each contract’s status is visible to
all, improving communication and preventing unnecessary
bottlenecks. For commercial users, there is no complex onboarding
or new training required, unlike traditional platform CLMs.
In-house counsels can empower the teams they support to
self-service their contracts while maintaining complete oversight
across the entire contracting process.
Tom Dunlop, CEO of Summize, said, “Summize AI Redlining helps
lawyers stop spending their time doing low-level, manual contract
changes and instead focus on more meaningful legal work. We are
offering legal teams an opportunity to leverage AI Redlining in a
way that they will appreciate and love because it reduces
workloads, while also giving them a chance to take advantage of AI
in a smart and practical way.
“In addition, Summize has always innovated when it comes to
building native integrations within familiar software, and HubSpot
was a major request from customers and prospects as the next
integration they wanted for legal teams to connect communications
and workflows with business stakeholders within the HubSpot
CRM.”
The Summize CLM is different from traditional platform-based
CLMs because it uses a "decentralized" approach that seamlessly
integrates contract workflows directly into commonly used software
platforms like Microsoft Outlook, Gmail, Microsoft Teams, Slack,
Salesforce, HubSpot, and Jira. This lets users manage contracts
entirely within the tools they already use every day. In-house
legal teams manage the entire legal process while letting business
users handle contract-related tasks and requests independently
through a self-service model, encouraging widespread company
adoption of the CLM.
AI Redlining and the HubSpot integration are available
immediately for Summize CLM users. For more information about
Summize CLM, please visit Summize.com.
About Summize
Summize unites legal teams and business stakeholders with an
intuitive, self-service approach to contract lifecycle management
(CLM). With a focus on simplicity and efficiency, the AI-powered
platform natively integrates contract workflows with the popular
collaboration and software tools that businesses use every day.
Companies across a range of industries, including Seat Geek,
Matillion, Huel, Avaloq, Revolut, Miami Heat, and more, trust
Summize to help them work faster with contracts. Through its
decentralized approach, Summize users benefit from enhanced
collaboration and ease of use, powerful contract automation,
improved business risk mitigation, and faster time to value.
Founded in 2018, Summize is headquartered in Manchester, U.K., with
U.S. offices in Boston. For more information, visit
https://www.summize.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20241008394012/en/
Bridget Stasonis summize@metiscomm.com