We’re excited to share that LinkSquares has been recognized as the winner of the “Best Natural Language Generation Platform” award in the fifth annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies, and products in the global Artificial Intelligence (AI) market today.
Our natural language processing (NLP) technology can parse and analyze entire sentences, paragraphs, and pages to understand their content and context, allowing a legal agreement to be broken down into its relevant clauses and key points. This makes it quick and easy to identify the important or problematic language in each document.
With LinkSquares’ AI, legal teams can identify critical insights from specific terms and clauses across all contracts. Customers can also quickly sort and find agreements that need review and revision and determine which need immediate attention.
“Utilizing our AI helps our customers write better contracts and ensure that they comply with their agreements and regulations. Customers can also leverage LinkSquares data from existing agreements to write better contracts in the future. For example, they can identify and standardize clauses to develop future agreements that don't create unnecessary risk to the business,” said Vishal Sunak, CEO and co-founder of LinkSquares. “Slow contracting, protracted negotiations, and an inability to effectively comb through old contracts is not only time-consuming - it’s expensive. A recent study by Forrester found existing LinkSquares Contract Lifecycle Management (CLM) customers enjoyed 352% ROI over three years.”
The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work, and success in a range of AI and machine learning-related categories, including AI platforms, Deep Learning, Smart Robotics, Business Intelligence, Natural Language Processing, industry-specific AI applications, and many more. This year’s program attracted more than 2,950 nominations from over 18 different countries throughout the world.
“Finance and legal teams face tremendous pressure to accelerate contract generation, negotiations, and deal approvals while trying to manage risk and maintain visibility across many outstanding contractual commitments,” said James Johnson, managing director, AI Breakthrough. “Unfortunately, many tools built to help address this pressure aren't built for the needs of legal teams and create a confusing process that is time-consuming and difficult to manage. LinkSquares represents a compelling breakthrough in this area, with AI-powered insights incorporated into existing contracts so customers can rely on outside counsel less, potentially saving hundreds of thousands of dollars. Congratulations on being our choice for ‘Best Natural Language Generation Platform.’”
The machine learning within LinkSquares' cloud-based software is a first-of-its-kind technology and an original design created to read contract text to find, extract, and format contract metadata. Additionally, the AI-powered contract repository with its deep search, custom reporting, and analytics, enables companies to make quicker, data-driven decisions, impacting how they engage with their employees, partners, vendors, and customers. If you want to learn more about how your legal team can take advantage of the award-winning technology, request a demo today.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies, and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Vision, Biometrics, and more. For more information visit AIBreakthroughAwards.com.
