Wolters Kluwer’s Legal & Regulatory division has announced the launch of a new AI-enhanced functionality for Legisway, the company’s all-in-one SaaS legal information and contract management solution for corporate legal departments. Wolters Kluwer says the new feature accelerates the contract review processes by enabling legal departments to query their contracts using advanced natural language processing (NLP).
“Wolters Kluwer has a strong, longstanding track record of providing best-in-class solutions for the corporate legal market,” said Sergio Liscia, vice president & general manager of Legal Software at Wolters Kluwer Legal & Regulatory. “Legisway is already a powerfully intuitive solution, and AI-driven opportunities such as this exciting launch support evolving customer needs while delivering the best possible outcomes.”
Legisway’s new querying functionality empowers users to track contractual obligations more efficiently and better manage the legal, reputational, and commercial risks that may affect their business, added Wolters Kluwer. The enhancements also integrate into the platforms recently launched Legal Services Portal module – a collaborative ‘ticketing’ platform that streamlines requests for legal support from non-legal staff. This accelerates validation of new requests, promoting accelerated contract review and collaboration with other teams, the company continued.
“Corporate legal departments depend on Legisway to manage vital information and collaborate more efficiently across their business,” added Ken Crutchfield, vice president & general manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S. “Using Wolters Kluwer’s proprietary AI to grant broader visibility into contract terms provides tangible and immediate value that connects directly with the needs of our customers.”
Legisway is Wolters Kluwer’s all-in-one SaaS platform focused on the needs of the corporate law department across contracts, intellectual property, real estate, entity management and compliance. Wolters Kluwer says the solution offers flexible enterprise legal information management that can be configured, helping corporate law departments enhance collaboration with the business and minimise risk.
According to the company, approximately 50% of its digital revenues now come from products that leverage AI. Wolters Kluwer says its products, services, and expert solutions are based on a foundation of trust, transparency, and responsibility—in line with the company’s values. Wolters Kluwer’s AI Principles, which guide the design, development and deployment of advanced technologies in helping customers solve their most complex problems, can be found here.
Source: https://www.inpublishing.co.uk/articles/wolters-kluwer-launches-new-functionality-24978
