Vienna, Austria, Nov. 18, 2020 -- Cortical.io announced its artificial intelligence-based Contract Intelligence solution has been awarded ‘Overall Contract Automation Solution of the Year’ by LegalTech Breakthrough, an independent market intelligence organization that evaluates and recognizes standout technology companies, products, and services supporting legal professionals around the globe.
Cortical.io Contract Intelligence is an AI-based solution for enterprises that need to review and analyze contracts and other documents. By leveraging a natural language understanding approach inspired by neurosciences, the solution is able to analyze the meaning of whole sentences and understands concepts, instead of just keywords.
"Cortical.io delivers a range of intelligent document processing solutions that relieve employees of the burden of reviewing large amounts of documents or sifting through masses of unstructured text," said Cortical.io COO Thomas Reinemer. "Contract Intelligence, unlike other contract review tools, requires little training data and no AI expertise, giving the full control to subject matter experts over the training process and making it faster to implement."
The mission of the LegalTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work, and success in a range of LegalTech categories, including case management, client relations, data and analytics, documentation, legal education, bots, and legal assistants.
"Contract Intelligence is used by Fortune 500 companies to reduce document processing costs and meet critical deadlines, while obtaining valuable insight about the information hidden in their contracts," said Bryan Vaughn, managing director of LegalTech Breakthrough. "We are proud to honor Cortical.io with the ‘Overall Contract Automation Solution of the Year’ award for its innovative AI-backed technology solutions."
Published: Thursday, November 19, 2020
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