Juro releases AI Extract feature, halves contract turnaround times

• Juro has added AI Extract to its intelligent automation platform, harnessing generative AI to unlock insights and automate actions from contracts in PDF and Docx
• AI Extract can read and analyse incoming contracts, tagging metadata and then acting on it
• Customers in the AI Extract beta reported processing “twice as many documents in the same time”, unlocking huge efficiency gains for squeezed legal teams

Juro has reimagined how businesses process third-party contracts, with AI Extract and new features to improve the traditionally problematic Docx experience. 

From a simple drag and drop, not only does AI Extract tag and aggregate data from contracts, but its unique AI playbooks allow you to automate approval workflows, validations, calculations and even translation, performing contract triage in moments - and customers who participated in the beta are seeing huge time-savings.

Kyle Piper, Contracts Manager at ANC, the New York-headquartered sports technology company, says:

Utilizing Juro’s new AI Extract has been an outstanding experience, ’ve been able to get twice as many documents processed in the same amount of time while still maintaining a balance of AI and human review. This AI functionality feels like the next step for intuitive CLM platforms.

AI Extract and the improved native Docx-format workflow follow on the heels of AI Assistant, Juro’s editor-based tool that enables users to draft, review and summarise contracts with with AI at the forefront of AI-assisted workflow integration.

This milestone is the latest in an eventful year for Juro, which was the only contracts solution selected for the UK Future Fifty; hosted more than 400 lawyers at its third Scaleup GC conference; and surpassed 2 million contracts processed in its intelligent contract automation platform.

Richard Mabey, CEO of Juro, said:

Business users should be able to get contracts agreed however and wherever they want, whether that’s on their paper, your paper, Docx, PDF or natively in Juro - and it should be accelerated by the most powerful AI at the point of requirement. We’re proud to offer that experience to our customers with AI Extract.

‍Want to learn more about how you could cut turnaround times in half, with AI-native workflows for your vendor contracts? Get in touch below.