Product Overview of eBrevia
eBrevia is an advanced, AI-powered contract review and analytics software designed to enhance the efficiency, accuracy, and speed of contract analysis and management. Here’s a detailed look at what the product does and its key features:
What eBrevia Does
eBrevia leverages machine learning and natural language processing (NLP) technologies to automate the contract review process. It serves as a highly accurate first set of eyes on documents, enabling users to extract key provisions and data points from contracts and other documents quickly and accurately. This capability is particularly valuable in various use cases such as transactional due diligence, contract management, lease abstraction, compliance and regulatory work, and data privacy review.
Key Features
1. AI-Powered Data Extraction
eBrevia can automatically extract hundreds of pre-trained data points from a variety of document types. This includes the ability to recognize patterns in language and identify key concepts in documents, significantly reducing the time and effort required for manual review.
2. Clause Identification and Risk Management
The software is capable of identifying specific clauses and provisions within contracts, helping users to mitigate risk and liability. It also provides risk management features to ensure compliance and regulatory adherence.
3. Customizable Templates and Training
Non-technical users can customize eBrevia to meet their specific business needs through a bespoke training portal. This allows the tool to be tailored to detect specific data points and provisions, aligning with unique business requirements.
4. Bulk Processing and Integration
eBrevia can process multiple documents in bulk, scanning over 50 documents in under a minute, which results in significant time savings of between 30% to 90% compared to manual review. It also integrates seamlessly with common tools like Venue, SharePoint, Box, iManage, Salesforce, and more.
5. Advanced Search, Reporting, and Analytics
The software includes advanced search capabilities, reporting tools, and analytics features that help users gain insights into their contractual data and commitments. This enables better-informed business decisions and the identification of hidden costs and opportunities.
6. Collaboration Tools and Version Control
eBrevia features user-friendly collaboration tools and version control, facilitating teamwork and ensuring that all stakeholders are on the same page. It also includes compliance tracking and automated summarization of documents.
7. Data Security and Audit Trail
The software ensures robust data security with powerful encryption and holds a SOC 2 Type 2 certification, providing bank-grade security. It also maintains an audit trail for all activities, enhancing transparency and compliance.
8. Multi-Language Support and Document Management
eBrevia supports multiple languages, making it a versatile tool for global businesses. It also offers comprehensive document management capabilities, including table extraction, provision language comparison, and data exportation for actionable summaries.
Benefits
- Time and Cost Savings: eBrevia significantly reduces the time and cost associated with manual contract review, allowing teams to focus on more strategic tasks.
- Accuracy and Efficiency: The AI-powered technology ensures high accuracy and efficiency in extracting key data points and identifying risks.
- Customization and Integration: The tool’s customizability and integration with other systems make it adaptable to various business needs.
- Enhanced Decision Making: By providing detailed insights and analytics, eBrevia helps users make better-informed business decisions.
Overall, eBrevia is a powerful and convenient tool that transforms how organizations create, negotiate, manage, and analyze agreements, making it an indispensable asset for any business dealing with contracts.