AI helps release legal potential energy! Release of iterms contract intelligent review system

6 month 9 Japan ,“ use AI, Make an appointment for legal affairs in the future ”—— Fada iTerms Contract intelligent review system （ Full name ：Intelligent Team Efficient Review Management System The intelligent team effectively reviews the management system ） The product is grandly released . This product belongs to the French calendar 3 Annual grinding verification , Fully combine the legal work scene , Overlay format 、 Review requirements for templates and non-standard contracts , Break through the bottleneck of efficiency through artificial intelligence technology , It is another breakthrough practice in the field of digital intelligence of enterprise contract business .

▲ Guests co chair iTerms Product launch ceremony

（ From the left are ： Zhonglunwende, hubaiquan （ Qianhai ） Shentianju, senior partner of associated law firm 、 Fada AI Technical director lishuangzhu 、 Meizhen, co-founder and chief legal officer of Fada 、 Shanghai jintiancheng （ Shenzhen ） Senior partner of law firm / Housongtao, the founder of the lawsuit 、 LiuQian, senior product director of Fada ）

conference , Fada's product team restored the business scenario of legal contract review , On the spot Contract comparison 、 Template contract review 、 Demonstration of product operation in the three links of non-standard contract review , Visual display in iTerms Help under , How to complete a contract review within tens of seconds . Compared with pure labor , This man-machine cooperation mode can greatly improve work efficiency , Release the potential energy of legal work .

“AI+ law ” The trend of The Times ： New technology enables new legal affairs

Take a look at the latest scientific and Technological Development in the world , The new force of legal science and technology in the past few years “ Internet + law ” Gradually transform into “AI+ law ”, This change not only means that the industry pays more attention to the improvement of service quality , It is also a more thorough digital revolution . Meizhen, co-founder and chief legal officer of Fada, said , From the strengthening of market supervision and the improvement of business compliance requirements in recent years , Enterprises are gradually becoming the main demand side of legal intelligence ; Associate Professor, School of law, Xiamen University / Legal awareness 、 Wuxuyang, executive director of the data and intelligence research center, stressed , In the tide of change , Using intelligent technology is the key to realize the leapfrog development of legal work .

face AI New trends , The upgrading and transformation of legal work has been given a higher priority . Regarding this , Zhonglunwende hubaiquan, who used to be the legal director of multinational enterprises （ Qianhai ） Shentianju, senior partner of the associated law firm, said , In the face of business development , Legal work has increased dramatically , Enterprises tend to purchase digital systems , While fully improving human efficiency , It also allows legal affairs to have more time to create more outstanding professional value . Shanghai jintiancheng, which also has rich practical experience in legal affairs （ Shenzhen ） Senior partner of law firm / Housongtao, the founder of the lawsuit, also echoed , New technology enables new legal affairs , Legal affairs should actively embrace digitalization , In order to better enable the industry to continue .

iTerms Contract intelligent review system ：AI Empower , Release legal potential energy

According to LiuQian, senior product director of Fada ,iTerms The team found in the preliminary investigation that , Contract review takes over legal affairs 70% Working hours , The reason can usually be attributed to several dimensions ： From the source , The legal department has many affairs and few people , Contract accumulation 、 Response delay ; From the perspective of process , Such as comparison 、 The revision 、 Risk review 、 Manual processing is required for entry into the account , It creates a great efficiency bottleneck ; From the results , Because the review role is often at the last stage of the business process , Inevitably, the response lags behind , The risk of loss of business opportunities . Based on the outstanding pain points and difficulties of legal work ,iTerms Contract intelligent review system Focus on creating three-tier application value , Systematically solve the problems faced by contract review .

first floor ：3 Big core function , Break through the efficiency bottleneck of contract review

**iTerms Product creation 3 Big core function , Through man-machine coordination, we can help legal affairs to improve energy and efficiency .** First , For the phenomenon that many offline people modify the contract back and forth, resulting in low communication efficiency , The product supports multi person collaborative review , Let business 、 financial 、 Legal affairs and other multi role online editors , Process marks , Help legal affairs to improve review efficiency ; secondly , Application OCR Intelligent comparison technology , distinguish PDF scanning copy , Quickly locate the changed content and present it instantaneously ; Last , adopt NLP Intelligent information extraction , Intelligent positioning of key information and terms , Quickly realize accurate information screening and contract full-text retrieval .

The second floor ： Unified risk control specifications , Realize intelligent risk early warning

** After the contract review efficiency is improved ,iTerms The second value of the product , It is through knowledge precipitation , Implement unified contract risk control specifications .** Usually , Because it is difficult to unify the standards for contract review , The enterprise cannot objectively and reasonably control the contract business risk . For different review needs ,iTerms The product can be configured through a powerful contract risk control platform , Configure contract templates 、 Custom risk review points , General legal affairs 、 Business 、 Financial review items are presented one by one , So as to realize the unification of contract risk control standards within the enterprise , Reduce risk .

The third level ： Contract intelligence analysis , Help to improve the business capability of the enterprise

**iTerms Intelligently analyze massive contracts , Settle data assets 、 Feeding back business decisions .** Contract is an important carrier for enterprises' external production and operation , The data value contained therein is extremely important for the enterprise business improvement .iTerms Products through intelligent archiving , Record and analyze contract information from different sources , And the contract text can be transformed into structured information , It is convenient for subsequent full-text retrieval , And intelligent analysis .

Integrate customer business scenarios ： Man machine cooperation , Better understanding of enterprise management

As a pioneer enterprise in the field of legal science and technology , Accumulated rich industry knowledge and experience , Coupled with strong legal and technological gene precipitation , It can not only meet the basic demands of customers such as improving efficiency , And through deep integration with customer business scenarios , Realize the digital intelligence transformation and upgrading of contract business , Improve the comprehensive operation ability of the enterprise .

Liu Qian said , Fada iTerms At present, the contract intelligent review system has achieved good customer practice in different industries , For example, helping an industrial manufacturing group complete the transformation from “ Order centered ” To “ Contract centric ” The change of management and control mode , Fully reduce business risks 、 Capital risk , And greatly improve the response speed to the business ; It helps leading enterprises in the logistics industry to realize the whole process of online intelligent collaboration for the review of millions of contracts every year , Greatly improve the efficiency of contract circulation . Fada iTerms The contract intelligent review system has been applied and verified in many industries , Realization “ From the innovative achievements of law and science and technology , Go to enterprise best practices ” The path of .

Mei Zhen said ：“ This new product release of Fada , It aims to further explore the realization of the relationship between legal person and AI The evolution and symbiosis of technology , The bonus of artificial intelligence will be popularized to the daily legal work of more enterprises , Combined with many years' understanding and methodology of contract business , adopt ‘ Man machine cooperation ’ The pattern of , Meet the upgrading needs of enterprises from electronic contracts to smart contracts , Finally, it will help the contract business make a more positive contribution to the whole business system of the enterprise .”