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What is iSpec DMS?

When drafting contracts, various sections can either be locked or modified, allowing for flexibility in tailoring the document. Each contract or project consists of a set of distinct "template terms," some of which can be adjusted to align with the unique needs of the project, such as duration or scope. However, certain terms are "locked" to maintain adherence to the organization's governance and risk management policies, including critical areas like indemnity, intellectual property rights, and insurance, which project teams cannot alter. This system eliminates the risk of overlooking necessary updates related to state laws and other regulations. Additionally, certain documents may include intricate compliance obligations, where failure to comply could lead to hefty fines, license revocations, or even criminal charges. Regulations such as Sarbanes-Oxley and HIPAA, along with federal and state laws, impose stringent requirements for privacy and security. Each clause and section in the template library is assigned a designated review period, and when this period expires, an automated email notification is sent to the responsible parties to prompt a re-evaluation. This ensures ongoing compliance and up-to-date governance practices throughout the lifecycle of the contract.

What is MRI Contract Intelligence?

Tackle the intricate nature of contracts by uncovering critical insights hidden within corporate and legal documents, while identifying potential areas for cost savings and improved profitability. Contracts are fundamental to any organization, but the complexity of these agreements, coupled with cumbersome manual processes, often complicates the tracking and management of key terms and responsibilities. With MRI Contract Intelligence, the data extraction and contract analysis process is simplified, significantly reducing the risk of expensive revenue losses and revealing valuable insights contained in various papers. Our cutting-edge machine learning and optical character recognition technologies have been meticulously honed using vast datasets, enabling them to process contracts and retrieve information with enhanced speed and accuracy compared to conventional techniques. Leverage AI to emphasize important dates, financial details, clauses, and other critical elements, all while offering direct citations from the original documents, ensuring a detailed understanding of your contractual commitments. This groundbreaking method not only improves operational efficiency but also equips businesses with the tools to make strategic decisions based on precise and easily accessible information, fostering a more proactive approach to contract management. As a result, organizations can not only safeguard their interests but also unlock new avenues for growth and success.

Media

Media

Integrations Supported

MRI Software
Microsoft Excel

Integrations Supported

MRI Software
Microsoft Excel

API Availability

Has API

API Availability

Has API

Pricing Information

$29/m/u
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Remy InfoSource

Date Founded

2004

Company Location

Singapore

Company Website

www.remy-is.com

Company Facts

Organization Name

MRI Software

Date Founded

1971

Company Location

United States

Company Website

www.mrisoftware.com/products/contract-intelligence/

Categories and Features

Document Management

Access Controls
Archiving & Retention
Collaboration Tools
Compliance Tracking
Document Archiving
Document Assembly
Document Capture
Document Conversion
Document Delivery
Document Indexing
Document Retention
Electronic Signature
Email Management
File Recovery
File Type Conversion
Forms Management
Full Text Search
Offline Access
Optical Character Recognition
Print Management
Version Control

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