Wolters Kluwer Announces New Enhancements to AI-Powered Legisway
Sunday, April 16, 2023
The all-in-one software solution's new and enhanced features will provide corporate law departments with an elevated experience, supporting decision making and better outcomes for their business
NEW YORK, Feb. 14, 2023 /PRNewswire/ -- Wolters Kluwer Legal & Regulatory, U.S. today announced a suite of new and enhanced features and functions to the AI-powered version of Legisway. The launch of these enhancements is Wolters Kluwer's latest move to strengthen this all-in-one SaaS solution that powers enterprise legal management for corporate legal departments.
Legisway, which is also a leader in the European market, is a configurable, modular workflow solution, productivity tool, and smart repository for mid-sized corporate legal departments across several industries. The solution contains powerful contract lifecycle management and customizable modules for a wide range of workflows. The new enhancements will bolster the solution's wide range of workflow capabilities to help users increase visibility, better manage risk, collaborate effectively with their business, and more.
"Users now have access to a suite of tools to enable more streamlined task management, faster contract drafting, and AI-powered risk management," said Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S. "Wolters Kluwer has a strong, longstanding track record of providing best-in-class solutions for the corporate legal market. With these new additions, we are showing our customers that we are committed to continuously improving an already powerful, intuitive solution that evolves with their needs and brings them the best possible outcomes."
Legisway's new and enhanced features include:
-- Workflows and Tasks Calendars: A new feature allowing for managing
approvals and other tasks through a quick and easy calendar view.
-- Interactive Maps: Displayed in a new, dynamic map, important data such
as contract governing law or states where one is registered to do
business will help visualize the business' footprint or contact risk.
-- Clause Library and Assembly Template: Users can store standard clauses
in the new Clause Library for reference in negotiations and leverage the
Assembly Template function to build a contract from preferred clauses,
instantly merging into an executable contract document.
-- Salesforce Connector: This new function allows legal professionals to
seamlessly sync sales contracts and data automatically between
Salesforce and Legisway, empowering the business and ensuring contracts
are easily accessible so nothing is missed.
-- Legal Ticketing Enhancement: Business users will be able to "ask a legal
question" of their legal team with this enhancement, streamlining
communication and increasing efficiency for the entire organization.
-- Artificial Intelligence: Legisway's enhanced and integrated AI allows
customers to extract clauses from contacts and flag for further review,
risk management, and noncompliance reporting.
Legisway offers AI-powered contract lifecycle management (CLM) that enables document creation, editing and version control, as well as self-service templates and a legal ticketing system. Outside of CLM, users can leverage a range of modules to manage legal entities and corporate governance, intellectual property rights, legal claims, real estate, outside counsel spend, and more. The solution enables flexibility to easily create and manage custom reports, operationalize business processes and create automated alerts on key milestones, and more.
"Legisway has been very useful, specifically for managing a large volume of contracts, and confidentiality agreements and their material terms and deadlines. Working with their product implementation team during the onboarding exceeded my expectations. They took the time to listen, and to provide response and input so that we built the Legisway platform in the best way possible to suit Ergotron's needs." - Maria Knutson, Legal and Contract Affairs Manager at Ergotron, Inc.
In December 2022, Wolters Kluwer announced its acquisition of Della AI Ltd., a provider of leading artificial intelligence (AI) technology based on advanced natural language processing (NLP). This technology allows legal professionals to review contracts in multiple languages by simply asking questions. The acquisition further advances Wolters Kluwer's commitment to serve corporate legal professionals with innovative technologies to improve their productivity and outcomes.
To learn more, visit: www.wolterskluwer.com/en/solutions/legisway
About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk, and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2021 annual revenues of EUR4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.
MEDIA CONTACT:
Linda Gharib
Director, Brand & Communications
Wolters Kluwer Legal & Regulatory, U.S.
Tel: +1 (646) 887-7962
Email: lrusmedia@wolterskluwer.com
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SOURCE Wolters Kluwer Legal & Regulatory U.S.
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