Luminance

Luminance: Legal-Grade AI for Contract Management

What is Luminance? Luminance is a leading Legal-Grade™ AI platform designed to revolutionize how businesses handle contracts. From initial generation to negotiation and post-execution analysis, Luminance brings specialist AI to every stage of the contract lifecycle.

Developed by world-leading AI experts from the University of Cambridge and validated by prominent lawyers, Luminance is trusted by over 700 organizations globally. Its "Panel of Judges" approach uses diverse AI models to ensure accurate and balanced expertise for various contract-related tasks.

Key Features and Benefits:

• AI-Powered Negotiation: Streamline contract negotiation with AI-driven insights and suggestions.
• Intelligent Repository: Gain a single source of truth for all contracts, ensuring deadlines and obligations are never overlooked.
• Legal-Grade™ Chatbot: Automate Q&A and redrafting with an intelligent chatbot.
• Business-Wide Automation: Automate contract drafting and process automation tools.
• End-to-End AI: Supercharge the entire contract pipeline with AI.

How does Luminance work? Luminance employs a "mixture of experts" approach, also known as the ‘Panel of Judges’. This system uses a multitude of diverse models to provide specialized expertise tailored to different tasks. The consensus between these models ensures legal-grade accuracy across contract generation, negotiation, and analysis.

Core Functionalities:

1. Contract Generation: Automate the creation of contracts, reducing errors and improving efficiency.
2. First Pass Contract Analysis: Quickly analyze contracts within MS Word to identify key clauses and potential issues.
3. AI-Driven Repository: Store and manage contracts with granular insight, facilitating easy retrieval and analysis.
4. Compliance Maintenance: Protect your business by checking for non-compliance both pre- and post-execution.

Why is Luminance Important?

In today's fast-paced business environment, efficient contract management is crucial. Luminance addresses several critical pain points:

• Automates Routine Work: Reduces inefficiencies, errors, and delays in manual contracting processes.
• Improves Visibility: Ensures critical deadlines and revenue opportunities are not missed.
• Reduces Spend: Improves internal efficiencies and maximizes resource utilization.

How to use Luminance?

Luminance integrates seamlessly with existing tools such as MS Word, Outlook, Salesforce, and various Virtual Data Rooms (VDRs), making it easy to incorporate into existing workflows.

1. Integration: Connect Luminance with your existing systems.
2. Analysis: Upload contracts for AI-powered analysis.
3. Automation: Automate drafting, review, and negotiation processes.

Real-World Impact:

Luminance's impact is evident in the numerous customer success stories:

• Ben Parsons, Head of Digital: "We were blown away by what Luminance could do. 19/20 key fields recognised after just 20 hours of use."
• Jeannine Moran, Director of Legal Operations: "Luminance brings us together as a global team, from EMEA to APAC and the Americas. <5 mins from generation to signature on standardised contracts."
• Daniel Felipe Morales Martinez, Former Contract Manager: "90% time-savings on document review"

These testimonials underscore Luminance's ability to save time, reduce costs, and improve overall contract management efficiency.

Luminance Pricing

Luminance does not publicly list its pricing. You will need to request a demo and speak with their sales team to get a custom quote based on your company's specific needs. Factors influencing the price could include:

• The number of users
• The volume of contracts processed
• The specific features and modules required
• The level of support and training needed

Final Thoughts

Luminance is a powerful AI tool that transforms contract management, offering efficiency, accuracy, and compliance. Whether you're looking to automate routine tasks, improve visibility, or reduce spend, Luminance provides the tools and capabilities needed to build an AI-powered business.