Saturday, May 25, 2019

UnitedLex and Seal Software Partner to Transform the Contract Negotiation Process with Near-Term $250M Impact

BWW News Desk
May 16, 2019

a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwunitedlexcom2Fampesheet51986283ampnewsitemid20190516005970amplanenUSampanchorUnitedLexampindex1ampmd53b8e47305be5de196ae342af29b05bba relnofollowUnitedLexa the pioneer of the enterprise legal services model driving transformation throughout the entire legal ecosystem today announced a master collaboration agreement with Seal Software to deliver a contract negotiation solution leveraging Seals industryleading artificial intelligence AI platform pblockquotep idpullquotepblockquote p Seals AI platform will integrate with UnitedLexs endtoend contracts lifecycle services to instantly compare thirdparty contracts and language against a clients contracting standards to determine what further actions are necessary Analysis of thirdparty forms is one of the most complex and timeconsuming aspects of the contracting process This solution significantly accelerates the deal negotiation cycle and reduces related support costs UnitedLex is forecasting that its clients will achieve more than 250 million in accelerated revenue in 2019 due to morerapid contracting cycle times p p After evaluating several AI platforms within our UnitedLex Technology Incubation Lab we determined that Seals leadingedge software solution best meets our clients demands and closely aligns with our vision to redefine the legal services delivery model UnitedLex CEO Dan Reed said Seals continued investment in its platform has paid off with significantly enhanced capabilities and we are confident that Seals aggressive roadmap will continue to deliver innovation and value to our corporate clients p p With this new AI platform UnitedLex clients will be betterequipped to manage the risks and exposure associated with pending and existing contracts while saving time and money by expediting the negotiation or renegotiation process p p UnitedLex has proven to be a true market disrupter redefining the possibilities and expectations for what it means to be a global leader in legal services Seal CEO Ulf Zetterberg said As an AI company focused on enterprise clients we could not have a better partner to collaborate on the development and delivery of a contract negotiation solution With its bestinclass approach to technology disruptive service delivery models scalable human capital and financial strength UnitedLex will continue to change the landscape for legal services and we look forward to playing a fundamental role in this transformation as a core technology partner p p bAbout UnitedLexb p p UnitedLex a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwunitedlexcom2Fampesheet51986283ampnewsitemid20190516005970amplanenUSampanchorunitedlexcomampindex2ampmd55f3238a32244f9f6e25f1dd6b60a4b94 relnofollowunitedlexcoma is an awardwinning enterprise legal services provider that drives transformation throughout the entire legal ecosystem UnitedLex was founded in 2006 with a singular mission to improve the performance of leading corporations law firms and academic institutions Since then more than 2700 attorneys engineers and consultants across four continents have deployed innovative service models and digitally powered solutions that deliver unparalleled business impact resulting in risk mitigation efficiency improvements and cost optimization for clients around the world p p bAbout Seal Softwareb p p Seal Software a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwsealsoftwarecom2Fampesheet51986283ampnewsitemid20190516005970amplanenUSampanchorsealsoftwarecomampindex3ampmd56743604a5ff52a27aeb810e73f1ad601 relnofollowsealsoftwarecoma is the leading provider of contract discovery data extraction and analytics With Seals machine learning and natural language processing technologies companies can find contracts of any file type across their networks quickly understand what risks or opportunities are hidden in their contracts and place them in a centralized repository Headquartered in San Francisco and with operations globally Seal empowers enterprises around the world to maximize revenue opportunities reduce costs and mitigate risks associated with contractual documents systems and processes p p p p classbwalignc p p p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190516005970r1ampsidweb02ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire


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