Product Overview of Juro
Juro is an advanced contract automation platform designed to streamline the entire contract lifecycle, from creation and execution to management and analysis. Here’s a detailed look at what Juro does and its key features:
What Juro Does
Juro is an AI-enabled platform that revolutionizes the way legal and business teams create, execute, and manage contracts. It leverages artificial intelligence to automate and enhance the efficiency and accuracy of contract-related tasks, making the contract management process faster, more reliable, and compliant with legal requirements.
Key Features and Functionality
Contract Creation
- Juro allows users to create new contracts using customizable templates and AI-driven content analysis. The platform suggests improvements to ensure the contracts are accurate and legally compliant.
Contract Execution
- Juro facilitates the execution process with native electronic signatures, eliminating the need for manual signatures and reducing the risk of errors. The platform supports bulk digital signatures, allowing documents to be sent to thousands of signers at once.
Contract Management
- The platform provides a centralized repository for managing contracts throughout their lifecycle. Users can track key dates, monitor contract performance, and access contract data for reporting and analysis. Juro also offers automatic contract reminders and notifications to ensure deadlines are never missed.
Collaboration Tools
- Juro enables seamless collaboration between legal and business teams through a shared web portal. Users can work on contracts in real-time, leave comments, redlines, and suggestions, all within the platform. This promotes quicker and more effective contract management.
AI-Enabled Automation
- Juro’s Legal AI Assistant automates the drafting, reviewing, and summarizing of contracts. AI algorithms analyze and extract key information from contracts, such as clauses, obligations, and deadlines, reducing the risk of human error and enhancing efficiency.
Contract Workflow and Approval
- The platform supports complex approval, negotiation, and signature workflows for higher-value contracts. Users can set up internal and external approvers, conditional approvals, and automate the process of resending contracts for edits.
Reporting and Analytics
- Juro provides robust reporting and analytics capabilities, allowing users to generate real-time reports and develop interactive dashboards to visualize key metrics. This structured approach ensures instant access to contract data, assisting stakeholders in decision-making.
Security and Compliance
- The platform is secured with SOC 2 Type 2 compliance and consumer-facing LLMs to protect user data. Juro also maintains audit trails, version control, and ensures contract compliance through automated workflows and notifications.
Integrations
- Juro integrates natively with various tools such as Salesforce, Slack, Greenhouse, Workday, Gmail, Google Drive, and Zapier, enabling over 5,000 additional integrations. This connectivity streamlines the contract agreement process by maintaining control while expediting the pace of agreements.
Summary
Juro is a comprehensive contract automation platform that leverages AI to streamline contract creation, execution, and management. Its key features include customizable templates, electronic signatures, real-time collaboration tools, automated contract workflows, robust reporting and analytics, and strong integration capabilities. By enhancing efficiency, accuracy, and compliance, Juro transforms the way contracts are managed in organizations, enabling teams to agree faster and more effectively.