New and Advanced Contract Markup Platform is Groundbreaking for Legal AI Companies

Contract AI Product Launch

It’s a red-letter day for the legal AI companies. That’s because the new version of BlackBoiler’s AI contract review and markup platform is set to dramatically simplify and accelerate the contract review process.  In the first of three blogs, we take a look at what’s coming up in the new BlackBoiler UI, and how it […]

Legal technology investments: How to maximize value?

Automated contract markup

Investment in legal tech appears to be continuing unabated. As Tracxn, a VC and Investor analytics and advisory firm report, over $5bn has been invested into the sector in the last 3 years alone, across approximately 1,200 companies. The received view that legal departments and law firms are in the backwater of technology adoption, is […]

The Impact of Artificial Intelligence in the Legal Industry

AI contract review

The use of artificial intelligence is a key trend driving change across many sectors. Retail, Big Tech, entertainment, and gaming are some of the many industries that have been quick to adopt AI and use it to their benefit. However, one sector that is yet to fully embrace artificial intelligence is the legal industry. Most […]

How Contract Automation Can Increase Sales

Contract review process

Introduction Traditional sales cycles in companies require sales teams to do manual work that AI can do in minutes. Finalizing a deal is difficult, and it is made even more difficult when contract negotiation comes into play.  Sales teams spend a large amount of time negotiating contract terms or waiting for the legal team to […]

5 Contract Tech Trends To Watch Out In 2022

contract tech

Introduction The lens from which contract tech was viewed has shifted from a “nice to have” conversation to a massive competitive advantage. Businesses have struggled with numerous contract inefficiencies in the past. Changes in the contract tech space are a reflection of what businesses value in the upcoming economy. In Gartner’s Top Data and Analytics […]

How Sales Contract Automation Can Drive Efficiency

sales automation

Procurement and sales contracts are an integral part of any business operation. They serve as both an operational and a legal tool that dictates the terms of the sales made by a company. Even the simplest of sales contracts are made up of a lot of different parts, all of which need to be drafted […]

How To Achieve Better Workflows By Automating Contract Processes

Artificial Intelligence 

Introduction Legal workflows are processes that involve a number of complex steps to reach a certain goal. It is critical to ensure a smooth transition from one stage to the next as well as clear and structured workflows. Efficient systems can only be built on the foundation of powerful workflows. Having automated contract software allows […]

How Automated Contract Tools can speed up Procurement Teams

Automated Procurement

The disruption caused by COVID-19 sent shockwaves across different sectors around the world. Travel, leisure, and supply chains were among the worst-hit. Ever since the pandemic ruptured the global economy, both private and public organizations have been scrambling to get their procurement departments back on track. Procurement teams find themselves in a tough spot, with […]

Comparison of Pre-execution Contract Review AI Tools

artificial Intelligence contract 

Artificial intelligence is changing the way contracts are negotiated. Like it has done for many other sectors across the world, AI is revolutionizing contracting by solving one of its biggest problems: the tedious, and costly process of contract review and negotiation.  AI proves useful from the very beginning of the contracting process. In the context […]

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