Seal’s AI platform will integrate with UnitedLex’s end-to-end contracts lifecycle services to instantly compare third-party contracts and language against a client’s contracting standards to determine what further actions are necessary. Analysis of third-party forms is one of the most complex and time-consuming aspects of the contracting process. This solution significantly accelerates the deal negotiation cycle and reduces related support costs. UnitedLex is forecasting that its clients will achieve more than $250 million in accelerated revenue in 2019 due to more-rapid contracting cycle times.
With this new AI platform, UnitedLex clients will be better-equipped to manage the risks and exposure associated with pending and existing contracts, while saving time and money by expediting the negotiation or re-negotiation process.