We are proud to be among the 5 innovative vendors. According to the report, “Application leaders should consider these Cool Vendors to quickly scan and interpret contract terms and streamline the ongoing life cycle of a contract”.
Why this matters
“We are honored to be named a Cool Vendor by Gartner in Cool Vendors in CLM and Advanced Contract Analytics report,” said Vasilis Tsolis, CEO of Cognitiv+. “We believe in our focused R&D and product development in building a fully transparent and customizable natural language processing (NLP) solution that allows organizations to build and train their own models”.
Legal teams and contract managers in highly regulated industries seek better visibility and compliance. In times of Covid-19, this is further accentuated. According to Gartner “Extreme market volatility has many organizations revisiting their ability to quickly identify, analyze and manage third-party contract risk”.
It is projected by Gartner that, “by 2024, the amount of manual effort for contract review will be reduced by 50% for companies that adopt advanced contract analytics solutions.”
To read the complete Gartner Cool Vendors in CLM and Advanced Contract Analytics Report, please visit: https://www.gartner.com/en/documents/3991622 (Gartner Subscription Required)
Gartner, “Cool Vendors in CLM and Advanced Contract Analytics”, Patrick Connaughton, Marko Sillanpaa, Kaitlynn Sommers, 12 October 2020.
Gartner Reports periodically highlight interesting, new and innovative vendors, products and services in the technology scene.
Gartner does not endorse any vendor, product, or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Cognitiv+ is an AI-powered contract analytics solution designed to automatically review, identify and extract key provisions from corporate and legal documents. Our GrayBox is built on our proprietary natural language engine offering hundreds of pre-built, re-usable document insights, as well as, the flexibility to build and train your own custom models, guaranteeing a higher level of transparency than with traditional black-box solutions.
Discover more about the GrayBox here.