Kira for Data Protection
Kira helps organizations respond quickly and cost-effectively to data protection compliance requirements, including the new General Data Protection Regulation (“GDPR”).
Kira’s state of the art machine learning technology automatically identifies and extracts information from contracts and comes with 35 data protection 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. Using Kira’s intuitive user interface, organizations gain an immediate high-level understanding of the potential impact that the GDPR will have on their documents and can quickly tailor and export summaries of non-compliant or potentially problematic provisions that require revision.
Avoid significant GDPR penalties with fast, accurate document reviews
The broad application of the GDPR, which aims to strengthen data protection for EU residents, will impact any company doing business in the EU. This places a significant burden on companies all over the world to ensure they understand what EU personal data they are collecting, processing, using and storing, and take appropriate action before GDPR comes into effect on May 25, 2018. Organizations may struggle to grasp the potential impact of the GDPR without first completing a lengthy and expensive review of their contracts, which can leave little time for proper implementation of any changes.
The penalties for non-compliance are steep: if a company is found to be in breach of GDPR, the fines can be as high as €20 million or 4% of a their annual worldwide revenue in the preceding year, whichever is greater.
Kira can quickly review large volumes of legacy and third party vendor contracts and highlight many of the contractual requirements listed in Article 28 of the GDPR. Kira will automatically provide a bird’s eye view of the data protection provisions that are present (or absent) across large volumes of contracts, and the software’s workflow tools allow for quick and accurate reviews. This enables organizations to begin preparing a remediation plan immediately and ensure a GDPR project doesn’t interfere with the other critical work the organization may be engaged in.
Ready to use out-of-the-box
Kira is ready to use out-of-the-box or can be highly customized. Customers can use the Data Protection/Privacy provision model to find any data protection, information security or privacy language across their projects. They can then use narrower built-in provision models to locate specific data protection-related concepts, including:
How does it work?
Kira processes contracts in dozens of formats and automatically converts them to machine readable text. It includes workflow tools for your team to validate the results prior to them being exported into reports in excel, word or PDF.
Kira is the leader in machine learning contract data extraction
Kira has been used on thousands of concurrent projects, helping hundreds of organizations gain greater visibility into their contracts. Our users include many of the world’s leading professional service firms and companies, in over 40 countries. We are among the most used and trusted AI solutions for professionals anywhere. There’s a reason why.