Knowable creates contract data management platform

Knowable, a contracts data management company, is unveiling its new platform for finding and accessing contract information that helps organizations turn their contracts into consumable data and practical insights.

“Contracts are wildly undermanaged and under-leveraged today,” said Mark Harris, CEO of Knowable and one of the founders of Axiom. “Contracts govern every aspect of every commercial arrangement a company has, making them one of the most valuable and powerful information assets in business. And yet most companies can’t even find their contracts, let alone tell you what’s in them.”

With Knowable’s contracts data management platform, legal and business teams across functions can proactively manage risk, meet obligations, and identify opportunities to capture revenue and margin. 

The product leverages Knowable’s 5 years of accumulated know-how and intellectual property in translating contract language into data, delivering industry-leading accuracy, while using the latest in natural language processing and machine learning to drive efficiencies in time and cost.

With its lawyer-in-the loop model, Knowable combines human intelligence with AI to enable modern risk management, massive value capture and companywide efforts to improve automation.

In Knowable’s contracts data management Platform, contract language is translated into structured data across all documents to give users a comprehensive understanding of key contract terms.

It can be used as a standalone product with easy drag and drop functionality for adding documents, advanced search and filtering functionality, and initiative reporting through easy to navigate dashboards.

It also works in tandem with other enterprise tools and can be integrated with contract lifecycle management and BI systems, among others.

For more information about this release, visit www.knowable.com.