Luminance Software

Luminance's Document Search Engine analyzes and organizes the legal content in contracts, including key concepts, clauses, entities, and metadata. It uses different search methods to find relevant information even when the user’s question does not use the exact wording found in the contract. Its Context Graph connects contracts, amendments, and related agreements, so users can look beyond a single document and find information in related agreements. The search method also adapts to the question, whether the user needs a specific clause or wants to analyze information across a large contract portfolio.

Differential Validation checks important AI-generated answers before they are treated as reliable. The software uses separate AI models to review an answer, either by comparing their conclusions or checking the answer against the original contract and the requirements of the task. If the models agree or the answer meets the required checks, it is verified. If not, Luminance flags it for human review and can retry the answer by addressing the issue it identified. This helps legal teams distinguish between answers that have been checked and those that need further review.

This feature compares incoming contracts with previous negotiations, approved playbooks, preferred terms, fallback language, and standard clauses. It can identify terms that differ from these standards, apply approved language, and create redlines directly in Microsoft Word. It can also use past negotiations with the same counterparty and similar agreements to provide relevant precedent. Structured checklists help review contracts against defined negotiation standards, while non-standard terms and exceptions can be flagged for review by legal personnel.

The platform's Workflows functionality automates the movement of contracts between teams, tasks, and approval stages. It can send contracts and approvals to the right people based on set rules, move them forward when certain conditions are met, and create workflow templates using natural language instructions. The feature allows users to track each contract’s status, see who needs to act next, spot delays, and keep a record of actions and decisions. It can help teams reduce manual handoffs, spot delays sooner, and keep track of contract progress.

Luminance's Repository brings contract information into one place, making it easier to search and review large contract portfolios. It can identify upcoming renewals, financial exposure, risks, missed payments, and obligations, with each key detail linked to the relevant contract. It also connects related agreements and amendments and sends alerts when a contract or clause needs attention. Additionally, it provides filters and reports to help users find specific information or patterns. The feature assists teams in responding to important risks, deadlines, and opportunities sooner.