Thomson Reuters has teamed up with eBrevia to help enterprises tackle contract remediation projects involving commercial contracts. The collaboration is designed to enhance the managed services from Thomson Reuters with greater technology enablement, accelerating clients’ ability to execute on contract remediation.
eBrevia’s AI engine powers Thomson Reuters contract remediation services by identifying three data points based on the client’s remediation plan: clauses needing revision, the absence of clauses required by the regulation, and the components required to generate a contract amendment. Thomson Reuters then leverages this intelligence to generate amendments in Thomson Reuters Contract Express, offering a seamless workflow for securing approval and digital signature. Thomson Reuters says that the solution improves speed by at least 30%.