LegalDocument Intelligence
IDEXX Laboratories cuts contract sanctions review from weeks to 20 minutes with Luminance AI
IDEXX Laboratories
IDEXX Laboratories used the AI-powered contract automation platform Luminance to review its entire contract database for connections to sanctioned countries and entities following Russia's invasion of Ukraine, completing in 20 minutes a review that would typically have taken weeks manually. Separately, Koch Industries' in-house legal team uses Luminance Corporate to automate generation of NDAs, master service agreements and IT-related contracts, including self-service contract generation for non-legal business units, and Deloitte used Luminance on a project standardizing 4,500 contracts across 14 European entities for client BT in two weeks, estimating a 50% time savings versus manual review.
