New version of Thomson Reuters HighQ improves project management
Thomson Reuters has announced a new version of Thomson Reuters HighQ, a cloud-based productivity solution, to help users manage projects more effectively and complete transactions more quickly.
Thomson Reuters acquired HighQ in July of 2019. For law firms, HighQ delivers an intelligent process-automation and client-engagement solution that improves productivity, streamlines collaboration and accelerates the delivery of legal services. For legal departments, HighQ provides the tools needed to service legal demand, optimize team efficiency, manage and mitigate risk, and improve engagement with legal vendors.
The latest version, HighQ 5.4, improves document automation with new native integration with Contract Express, AI-driven contract analysis, and data visualization, and also allows for Legal Tracker integration.
With HighQ 5.4 Contract Express now powers HighQ’s Document Automation. Contract Express templates can now be associated with HighQ sites and accessed to generate documents. These documents and associated data are stored natively in HighQ, enabling the user to integrate and establish workflows, collaborate, co-author, and utilize new data-visualization capabilities.
And with the new AI-driven contract analysis engine, users can compare hundreds of documents against a model form to quickly identify which agreements present the most deviation from the standard form, often a signal of risk. Documents, including contracts, can be clustered according to their similarity to quickly identify groups of documents. The contract analysis engine also can be trained to recognize new clauses, allowing customers to build their own clause banks.
Helping customers to manage projects and processes more effectively, the 5.4 release introduces sub-tasks, significantly enhancing project management capabilities for complex projects. And HighQ users can also create rules that trigger upon completion of a task, such as setting a rule to create another task or re-assign that task to someone else—all intended to keep the work and project moving along.
The new release also allows for Legal Tracker to be integrated with the document management capabilities in HighQ. This puts enhanced tools for work product collaboration in the hands of in-house teams, increasing productivity. Legal departments can use HighQ document management to securely store and search documents and emails, control and compare versions, view audit history, and access documents offline without having to leave standard productivity tools.
The new version provides client portal developers with tools and templates to deploy sites of all levels of sophistication more quickly. There are customizations and permission options to govern the information customers want accessible to different groups on the same site, including an ability to create different home page structures and dashboards based on the group, while still allowing granular permissions.
For more information, go to https://legal.thomsonreuters.com/en/products/highq.