Kira’s state-of-the-art machine learning technology automatically identifies and extracts information from contracts and comes with over 900 built-in provision models. If the compliance review requires the identification of additional or unusual information, Kira Quick Study can be used to identify virtually any desired clause. Gain an immediate high-level understanding of the potential impact a regulatory change will have on an organization’s documents and quickly tailor and export summaries of non-compliant or potentially problematic provisions that require revision.
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Prepare for Regulatory Changes with Confidence and Agility
Responding to a constantly evolving regulatory landscape is a time consuming and expensive endeavour for any organization. It may be difficult to understand the potential scope and impact of a change on a set of documentation until a lengthy review is complete, which can leave little time for proper implementation of the necessary changes. Ensuring that any new agreements take into account pending legislative changes also requires an understanding of the terms of existing documents.
Kira can quickly review large volumes of legacy and third party contracts and highlight only the data that may be affected by any regulatory changes. Document reviews can be conducted immediately and will provide a bird’s- eye-view of the impact of the changes. This allows professional teams to begin preparing a remediation plan well ahead of the deadline for the change and ensure this work doesn’t interfere with the other critical work the organization may be engaged in.