Hyperlex Overview
Hyperlex is a sophisticated contract management software designed to streamline and optimize legal operations for businesses of all sizes. Acquired by DiliTrust in 2022, Hyperlex integrates seamlessly into DiliTrust’s governance suite, enhancing the digital transformation, collaboration, and compliance capabilities of legal and operational teams.
What Hyperlex Does
Hyperlex is a user-centric, SaaS-based solution that leverages proprietary artificial intelligence (AI) to structure and accelerate companies’ contractual processes. It supports professionals throughout the entire contract lifecycle, from generation and negotiation to signature, storage, and renewal. This AI-driven approach helps companies control legal and financial risks, extract relevant data from large volumes of documents, and maximize the value of their contract portfolios.
Key Features and Functionality
Contract Creation and Management
Hyperlex facilitates the creation, drafting, and negotiation of contracts, ensuring all stages are efficiently managed and tracked.
Contract Repository
The software provides a centralized storage system for contracts, making it easy to access, sort, and index documents.
Automated Workflows
Hyperlex automates various workflows, including approval processes, to enhance productivity and reduce manual errors.
Electronic Signature Integration
It supports electronic signatures, enabling seamless and secure signing of contracts.
Clause Library and Template Management
Hyperlex includes a clause library and template management features, which help in standardizing contract clauses and templates.
Version Control and Audit Trail
The software maintains a detailed version control and audit trail, ensuring transparency and compliance.
Compliance Tracking and Renewal Alerts
Hyperlex tracks compliance requirements and generates alerts for important dates such as contract renewals or terminations.
Risk Management and Data Extraction
Using AI, Hyperlex conducts risk analysis and automatically extracts relevant data from contracts, saving time and increasing productivity.
Reporting and Analytics
The software offers robust reporting and analytics tools to provide insights into contract performance and compliance.
Collaboration Tools and User Permissions
Hyperlex includes collaboration tools and customizable user permissions to ensure that the right people have access to the right information.
Mobile Access and Third-Party Integrations
The platform is accessible via mobile devices and integrates with various third-party tools and systems, enhancing its versatility.
Customizable Dashboards
Users can create personalized dashboards to monitor key metrics and activities relevant to their roles.
By integrating these features, Hyperlex enables legal and operational teams to focus on strategic tasks while ensuring that contract management processes are efficient, secure, and compliant.
