Summize Launches AI Redlining Solution that Mirrors True Lawyer Behavior

BOSTON--(BUSINESS WIRE)--Oct 8, 2024--

Summize today announced its newest Contract Lifecycle Management (CLM) advancement for in-house legal teams to use AI Redlining within contract drafting and review. The Summize AI Redlining solution uses a unique rulebooks approach that provides automated redlining within Microsoft Word to help legal professionals eliminate repetitive contract management tasks and prioritize more strategic initiatives.

According to a Summize survey of 100 in-house legal professionals, 81% agreed that basic contract tasks dominate their daily workloads, leaving much less time for high-value strategic work. The new Summize AI Redlining feature is a guided, lawyer-driven process that walks users through contract language step-by-step to make redline recommendations that can be easily reviewed and approved. There is no contract rewriting or reframing, unnecessary mistakes, or AI hallucinations that waste a legal team’s time.

Using a sophisticated AI review engine, Summize reviews contracts at the click of a button, checking for deviations from standard positions and generating redline suggestions where needed. The Summize solution does not replace entire sections of a clause with new content, but instead specifically changes the words or phrases that need adjustment against the defined rules, allowing for truly trackable changes and protecting the integrity of the contract. This approach to AI mirrors human behavior, making results more consistent and producing an authentic legally modified contract.

At the ACC Annual Conference in Nashville, Summize also launched its native HubSpot integration for faster contract completion for sales, customer success, and procurement teams. Within HubSpot Deals, teams can easily generate standard contracts, such as NDAs, while more complex reviews and requests are routed to legal through pre-defined Summize workflows. Each contract’s status is visible to all, improving communication and preventing unnecessary bottlenecks. For commercial users, there is no complex onboarding or new training required, unlike traditional platform CLMs. In-house counsels can empower the teams they support to self-service their contracts while maintaining complete oversight across the entire contracting process.

Tom Dunlop, CEO of Summize, said, “Summize AI Redlining helps lawyers stop spending their time doing low-level, manual contract changes and instead focus on more meaningful legal work. We are offering legal teams an opportunity to leverage AI Redlining in a way that they will appreciate and love because it reduces workloads, while also giving them a chance to take advantage of AI in a smart and practical way.

“In addition, Summize has always innovated when it comes to building native integrations within familiar software, and HubSpot was a major request from customers and prospects as the next integration they wanted for legal teams to connect communications and workflows with business stakeholders within the HubSpot CRM.”

The Summize CLM is different from traditional platform-based CLMs because it uses a "decentralized" approach that seamlessly integrates contract workflows directly into commonly used software platforms like Microsoft Outlook, Gmail, Microsoft Teams, Slack, Salesforce, HubSpot, and Jira. This lets users manage contracts entirely within the tools they already use every day. In-house legal teams manage the entire legal process while letting business users handle contract-related tasks and requests independently through a self-service model, encouraging widespread company adoption of the CLM.

AI Redlining and the HubSpot integration are available immediately for Summize CLM users. For more information about Summize CLM, please visit Summize.com.

About Summize

Summize unites legal teams and business stakeholders with an intuitive, self-service approach to contract lifecycle management (CLM). With a focus on simplicity and efficiency, the AI-powered platform natively integrates contract workflows with the popular collaboration and software tools that businesses use every day. Companies across a range of industries, including Seat Geek, Matillion, Huel, Avaloq, Revolut, Miami Heat, and more, trust Summize to help them work faster with contracts. Through its decentralized approach, Summize users benefit from enhanced collaboration and ease of use, powerful contract automation, improved business risk mitigation, and faster time to value. Founded in 2018, Summize is headquartered in Manchester, U.K., with U.S. offices in Boston. For more information, visit https://www.summize.com/

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CONTACT: Bridget Stasonis

summize@metiscomm.com

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SOURCE: Summize

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