About Kira systems
Kira Systems: Revolutionizing Contract Review and Analysis
Kira Systems is a leading provider of contract review and analysis software that helps businesses gain visibility into their contract repositories, accelerate the review process, improve accuracy, mitigate risk of errors, win new business, and ultimately improve the value they provide to their clients. With its advanced machine learning technology and intuitive user interface, Kira Systems has become a go-to solution for businesses looking to streamline their contract management processes.
Founded in 2011 by Noah Waisberg and Alexander Hudek, Kira Systems has quickly established itself as a leader in the legal tech industry. The company's flagship product - Kira Quick Study - uses machine learning algorithms to extract relevant information from contracts with incredible speed and accuracy. This allows users to quickly identify key terms such as parties involved, obligations, payment terms, termination clauses etc., without having to manually read through each document.
Kira Quick Study is designed for use across multiple industries including finance & banking, healthcare & life sciences, real estate & construction etc. It can be used for various types of contracts such as NDAs (non-disclosure agreements), employment agreements or lease agreements among others.
One of the key benefits of using Kira Quick Study is that it significantly reduces the time required for contract review. This means that businesses can complete more reviews in less time which translates into cost savings. Additionally it also improves accuracy since there are fewer chances of human error when using automated tools like Kira Quick Study.
Another advantage of using Kira Quick Study is that it helps mitigate risk by identifying potential issues within contracts before they become problems. For example if there are clauses related to indemnification or limitation of liability which could expose your business to significant financial risks then these can be identified early on so you can take appropriate action.
In addition to its core product offering - Kira Quick Study - the company also offers other solutions such as:
- Kira Analyze: This is a more advanced version of Kira Quick Study which allows users to create custom models for contract review. This is particularly useful for businesses with unique requirements or those dealing with complex contracts.
- Kira Diligence Engine: This solution is designed specifically for M&A (mergers and acquisitions) due diligence. It helps identify key risks and opportunities within target companies' contracts which can help inform the decision-making process.
- Kira Talent: This solution is designed for HR departments to help automate the review of employment agreements, NDAs etc. It can also be used to identify diversity & inclusion metrics within employment agreements.
Overall, Kira Systems has become a trusted partner for businesses looking to streamline their contract management processes. Its advanced machine learning technology combined with its intuitive user interface make it an ideal choice for businesses across multiple industries. With its focus on accuracy, speed and risk mitigation, Kira Systems has established itself as a leader in the legal tech industry and continues to innovate in this space.
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