FTI Consulting Teams with Kira Systems to Enhance Contract Intelligence Services
September 24 2018 - 7:30AM
FTI Consulting, Inc. (NYSE: FCN) today announced the Company’s
Technology segment has entered into a teaming agreement with Kira
Systems. The collaboration will provide FTI Technology’s Contract
Intelligence practice with an industry-leading tool that automates
the extraction and analysis of key provisions from both structured
and unstructured corporate contract populations. With Kira Systems’
software, FTI Technology’s team of experts will be further equipped
to streamline processes that support the elimination of risk and
creation of value.
“Relying exclusively on manual processes for collecting and
reviewing relevant data within contracts is cost-prohibitive and
resource-intensive,” said Ryan Drimalla, a Managing Director in FTI
Technology’s Contract Intelligence practice. “Kira’s ease of use
and scalability will help our team automate the extraction of
business-critical information found within these documents and,
through integration with our existing suite of technologies,
provide our clients with even more powerful and comprehensive
contract discovery and analysis solutions.”
FTI Technology launched its global Contract Intelligence
practice in June 2017 to provide clients with contract process
experts, forensic experts, corporate investigation specialists and
technology professionals who have led some of the world’s largest
and most complex regulatory response, information governance,
M&A, litigation and investigative engagements. The team will
further enhance client services with Kira Systems’ AI-enabled
contract review software to improve speed, accuracy and complex
contract review across large-scale corporate projects.
“FTI Consulting is truly a global leader in business advisory
innovation, and its Contract Intelligence practice is a perfect fit
for our software’s capabilities,” said Rich Hermann, Director of
Corporate Markets at Kira Systems. “The team has repeatedly
demonstrated its ongoing commitment to providing clients with the
best service through the adoption of technology-driven
solutions.”
Kira Systems’ software, Kira, uses machine learning to automate
the extraction and analysis of key provisions from both structured
and unstructured contracts, accelerating and improving the accuracy
of due diligence, general contract reviews, deal points studies,
regulatory compliance, contract metadata extraction projects and
more. Kira will be used to help FTI Technology streamline the due
diligence of contracts process, forensic analysis of deals,
compliance with lease accounting standards, and other complex
review projects.
About FTI ConsultingFTI Consulting, Inc. is a
global business advisory firm dedicated to helping organizations
manage change, mitigate risk and resolve disputes: financial,
legal, operational, political & regulatory, reputational and
transactional. With more than 4,600 employees located in 28
countries, FTI Consulting professionals work closely with clients
to anticipate, illuminate and overcome complex business challenges
and make the most of opportunities. The Company generated $1.81
billion in revenues during fiscal year 2017. For more information,
visit www.fticonsulting.com and connect with us on Twitter
(@FTIConsulting), Facebook and LinkedIn.
About Kira SystemsKira Systems’ technology is
the most used and trusted software for contract review and
analysis, helping the world’s largest corporations and professional
service firms uncover relevant information from unstructured
contracts and related documents. Kira is powerful, patented,
award-winning software that excels at searching and analyzing
contract text and can be deployed for due diligence, knowledge
management, lease abstraction, regulatory compliance and other
projects where visibility into contract provisions is critical.
Using Kira Quick Study, anyone can train additional models that can
accurately identify virtually any desired clause. To find out more,
please visit www.kirasystems.com.
FTI Consulting, Inc. 555 12th Street NW
Washington, DC 20004 +1.202.312.9100
Investor Contact: Mollie
Hawkes+1.617.747.1791mollie.hawkes@fticonsulting.com
Media Contact: Kate
Holmes+1.206.373.6521kate.holmes@fticonsulting.com
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