Speeding up contract reviews with AI-Powered analysis.
Our client is an industry expert with 20+ years of experience, focused on modernising legal review processes in their specialised vertical through AI-powered solutions. His experience provides unique insights into the industry's technological gaps and critical pain points: the time-consuming and complex process of early-stage contract reviews.
Whitesmith partnered with the client to develop an AI-powered solution that transforms contract reviews. The platform automatically analyses complex contracts, identifies potential risks, and provides detailed assessments in minutes instead of hours (sometimes days), enabling businesses to make faster, more informed decisions. Customers can set up their business policies and upload their contracts, and they can then benefit from curated feedback and suggestions.
“Whitesmith has been a fantastic partner to build with and to support my business and I couldn’t be happier. As a team they are extremely professional and personable and were one of the very few agencies I spoke to (of over 20) who actually had the sophistication and customer-centric view to understand what we were trying to build.”
Steve L., Founder and CEOContract review presents several critical challenges that impact businesses' efficiency and risk management:
— The traditional contract review process is time-consuming and expensive, often causing businesses to lose valuable opportunities while waiting for legal reviews. This delay in the project bidding process can mean the difference between winning and losing crucial deals.
— Contracts are complex documents with numerous variables and risk factors that need careful consideration. Without proper analysis, businesses might expose themselves to significant risks or unfavourable terms that could impact their bottom line.
— The cost of professional legal review is prohibitively expensive for many businesses, especially smaller ones. This financial burden forces companies to either commit substantial resources to contract reviews or take dangerous shortcuts in their risk assessment process.
— The industry lacks standardisation in risk assessment, making it difficult for businesses to maintain consistent evaluation criteria across different projects and geographical locations. This inconsistency can lead to varying levels of risk exposure and missed critical contract terms.
— Construction companies struggle with scaling their contract review process efficiently. As businesses grow and handle more projects, the manual review process becomes a significant bottleneck, preventing them from responding quickly to new opportunities while maintaining thorough risk assessment.
To address the complex challenges of contract review, we developed a sophisticated AI-powered platform that combines deep industry expertise with cutting-edge technology.
Leveraging our client's extensive industry knowledge, we created a comprehensive analysis system covering multiple risk categories across three specialised contract types. Our AI engine identifies relevant clauses for each category, performs detailed risk analysis, and provides risk assessments calibrated to the client's specific risk position. The system goes beyond simple identification by suggesting concrete actions and amendments, all aimed at protecting our client's interests.
We integrated this powerful AI engine into an intuitive desktop platform that simplifies the user experience while maintaining robust analytical capabilities. Understanding that ease of adoption is crucial, we developed a pre-populated business policy framework that minimises onboarding effort while allowing for customisation based on specific business needs. Users can define different risk profiles for each type of contract, ensuring appropriate risk assessment based on the contract's nature and purpose.
During the development phase, we identified critical limitations in traditional document processing approaches when handling extensive construction contracts. This led us to develop a sophisticated proprietary system that efficiently processes and analyses large-scale documents while maintaining contextual understanding across the contract. Our innovative approach not only solved the challenges of processing lengthy legal documents but also ensured consistent analysis quality regardless of contract size or complexity.
The result is a system that not only analyses contracts comprehensively but also provides straightforward, actionable insights that enable businesses to make informed decisions quickly and confidently. Each analysis is tailored to the client's risk profile while maintaining the high standards expected in construction contract review.
“Their approach to solving complex problems and getting me the value I wanted, while also keeping my budget in mind was also very much appreciated. 10/10 would recommend.”
Steve L., Founder and CEO— More than 90% of contract analysis accuracy
— Contract reviews in less than 5 minutes
Project
Contract Analysis
Categories
AI Engineering
Proof of Concept Development
MVP Delivery
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