Onit ReviewAI System
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An Onit ReviewAI System is an AI-powered contract review system that can be used to create automated contract review workflows (that support legal contract negotiation tasks).
- AKA: ReviewAI, Onit's ReviewAI Software, ReviewAI Word Add-in.
- Context:
- It can typically review Contract Documents against corporate legal standards within two-minute timeframes.
- It can typically draft Legal Contracts using AI-powered templates and clause librarys.
- It can typically redline Third-Party Contracts based on predefined playbook rules.
- It can typically learn from User Feedback to improve contract review accuracy.
- It can typically integrate with Microsoft Word through Onit ReviewAI Word add-in.
- ...
- It can often process Non-Disclosure Agreements, Master Service Agreements, and Purchase Agreements.
- It can often provide Self-Service Portal Access for non-legal business users.
- It can often generate Reviewed Contract Versions via automated email delivery.
- It can often suggest Contract Revisions based on corporate best practices.
- ...
- It can range from being a Simple Onit ReviewAI System to being a Complex Onit ReviewAI System, depending on its Onit ReviewAI contract type coverage.
- It can range from being a Standalone Onit ReviewAI System to being an Integrated Onit ReviewAI System, depending on its Onit ReviewAI CLM integration level.
- ...
- It can be powered by Onit Precedent AI Engine for machine learning capability.
- It can integrate with Onit Contract Lifecycle Management System for end-to-end contract automation.
- It can support Legal Department Users including contract managers, general counsel, and in-house counsel.
- ...
- Example(s):
- Onit ReviewAI Implementations by deployment type:
- Onit ReviewAI Email Integration (2020-Present), enabling automated contract review via email submission.
- Onit ReviewAI Self-Service Portal (2020-Present), providing web-based contract review interface.
- Onit ReviewAI Word Add-in (2020-Present), offering in-document contract review within Microsoft Word.
- Onit ReviewAI Configurations by use case:
- Onit ReviewAI Components:
- AuthorDocs (acquired with McCarthyFinch 2020), the Microsoft Word add-in component for interactive contract editing.
- Onit ReviewAI Skillset Library, containing pre-trained AI models for specific contract types.
- ...
- Onit ReviewAI Implementations by deployment type:
- Counter-Example(s):
- Onit ContractWorks, which provides contract repository management but lacks AI-powered review capability.
- LegalOn Contract Review System, which uses different AI technology and is not part of Onit, Inc. product portfolio.
- Ariba Contract Management, which focuses on procurement contract lifecycle without AI-driven legal review features.
- Icertis Contract Management, which emphasizes contract analytics rather than automated contract drafting and redlining.
- See: AI-Powered Legal Technology, Contract Review Automation, Onit Precedent AI Platform, Contract Lifecycle Management System, Legal Document Automation, Machine Learning in Legal Tech.
References
2023a
- (GM-RKB ChatGPT, 2023) ⇒ Summarize the concept Onit ReviewAI System in 1- 2 paragraphs, promt.GM-RKB ChatGPT (model: gpt-4-1106-preview) Retrieved: 2023-12-24.
- QUOTE: The Onit ReviewAI system is an advanced contract review technology that utilizes artificial intelligence (AI) to streamline the process of reviewing and managing legal contracts. Designed to assist lawyers, legal departments, and contract professionals, ReviewAI significantly reduces the time and effort required to analyze contracts by automatically extracting key terms, provisions, and obligations.
By leveraging machine learning algorithms, ReviewAI can understand the context and semantics within a contract, allowing it to perform tasks such as clause identification, comparison to standard templates, and risk assessment. It aids users in contract negotiation by highlighting areas of concern and suggesting potential revisions based on predefined company standards and best practices. This system improves accuracy, efficiency, and productivity in contract management processes, ultimately saving time and reducing the errors associated with manual contract review.
- QUOTE: The Onit ReviewAI system is an advanced contract review technology that utilizes artificial intelligence (AI) to streamline the process of reviewing and managing legal contracts. Designed to assist lawyers, legal departments, and contract professionals, ReviewAI significantly reduces the time and effort required to analyze contracts by automatically extracting key terms, provisions, and obligations.
2023b
- (LinkedIn, 2023) ⇒ https://linkedin.com/products/onit-reviewai/
- QUOTE: Onit’s ReviewAI software uses artificial intelligence (AI) to quickly and accurately draft, review, redline, and edit all types of contracts in minutes. Non-legal business users can now automatically receive a reviewed, redlined, and approved contract via email or self-service portal in less than 2 minutes. For more hands-on functionality, the ReviewAI Word Add-in designed for lawyers and contract professionals automatically drafts, reviews, redlines, and edits contracts against corporate standards. The AI skillset quickly learns based on user feedback and is easily customizable so that it can be applied to many different use cases including NDAs, MSAs, purchase agreements, and third-party contract review. When paired with a contract lifecycle management system like Onit’s, organizations obtain an AI-driven workflow that automates the entire contract lifecycle from creation to execution.
- This product is intended for: Contract Manager, General Counsel, Assistant General Counsel, Senior Contract Manager, Corporate Lawyer, In-House Counsel, Head of Legal Department, Corporate Legal Counsel, Director of Legal Operations, Head of Legal Operations.
2023c
- (Brooke Luder) ⇒ http://www.brookeluder.com/portfolio-items/authordocs/
- QUOTE: authorDOCS is part of the author product suite by software developer McCarthyFinch/Onit. It’s an advanced legal AI Word Add-in that reads, writes and reasons like a lawyer.
- Industry: Legal Software Development
- Product team: Myself on UX/UI + Graphic Design, 1 x Legal Tech, 1 x Product Owner, 1x Product Designer
- authorDOCS is a Microsoft Word Add-in that was developed to assist lawyers with reading legal contracts. Allowing lawyers to quickly and efficiently identify key commercial issues, search for clauses and legal details and easily draft from their Clause Library.
- Over the course of the app’s development, I was responsible in tandem with our product team for identifying key user concerns, workflows, and personas. I was also responsible for wireframing, prototyping, user testing, and taking the app to the final product. Inclusive of this was the development of a full support portal with documentation and user tutorials