Create a single source of truth for all your contracts.
Save Time
Automatically file contracts and help your team find them easily.
Be Proactive
Get automated alerts for key dates like renewals and expirations.
Quick Insights
Understand what's in your contracts in minutes, not weeks.
Lexion's AI by the Numbers
120+
practical AI fields automatically extracted
100M+
data points extracted from documents
80%
time saved onboarding all of your contracts
How it Works
1. Read Text & Formatting
First, we pull the text contained in a contract, including font size, styles like bold or italics, indentation, position on page, and more. All of these are signals for our AI.
2. Understand Structure
Our system then identifies headers & footers, clauses & sub-clauses, signature blocks, and recognizes multiple contracts and attachments within the same PDF.
3. Classify & Extract
Finally, the system uses these learnings to classify contract language into the clauses it represents, the type of contract it is, and extract parties, dates, termination periods, governing laws, and over 120 more fields.
CASE STUDY
Our homegrown NLP platform allows us to quickly create new models for bespoke use cases—just as we did for UiPath, which saw up to 94+% model quality in just one week.
Lexion's state-of-the-art AI and robust technical stack can adapt quickly to new sets of documents with little to no human input. For UiPath—and for companies like yours—that means quick insight and understanding across enormous collections of contracts.
Have a set of documents you want help analyzing and understanding? Let us know.
Dive Deeper into Lexion's AI
Learn more about how Lexion’s system works, as well as the practical challenges of building AI for real business users, directly from our Chief Technology Officer, Emad Elwany.
Read a discussion with our CTO on "using deep learning to reimagine contract management systems"
Pioneering research into the practical application of AI in the real world hasn't just made Lexion a leading AI-powered CLM. It's made us a fixture in top-notch academic publications, too.
The Law of Large Documents: Understanding the Structure of Legal Contracts Using Visual Cues ACM SIGKDD 2021
Lexion's ability to scan and accurate extract fields from signed contracts (like party names, title, terms, and termination, etc.) is absolutely the best in class. The AI is critical to quickly organize a large volume of contracts with a minimal human touch and quickly find what you are looking for.
With so much AI hype, it’s easy to get untethered from real dollars and cents. Not for us. We build AI to serve practical business needs that tie to the bottom line.
Onboard all your existing contracts 80% faster
Reduce time in audits, financing, and compliance by up to 80%
Save up to 90% time filing and tracking dates
Meet our CTO
Connect with Emad
Emad Elwany has natural language processing in his bones (after all, he’s from Alexandria, Egypt). He studied AI at Stanford, and then spent over 8 years at Microsoft Research, building state-of-the-art, real world applications using this technology. Connect with him here, and reach out if you’re interested in geeking out. When not building intelligent machines, he’s either skiing down a mountain, chasing down tickets for the next Guns n' Roses show, or being an awesome dad to his two young kids.
Contact Us
Harness the power of AI to improve contracting with Lexion
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