Juro Launches AI Capabilities to Digitize Legacy Contracts

Juro unlocks the data and value in your contracts to offer a seamless workflow solution.

July 31, 2019 / / —

LONDON, 31 July 2019 – Juro, the contract collaboration platform, has released new AI capabilities to customers. Juro’s AI contract reader uses machine learning to read uploaded PDF contracts and extract data from within them. Contract reader brings a significant benefit to current and future users, opening up Juro’s design-first interface and frictionless workflow to legacy contracts, alongside those natively created in Juro’s purpose-built, machine-readable editor.

Upon uploading contracts into the platform, Juro’s contract reader use machine learning models to parse and extract important data, such as key dates, party and company names, addresses, and so on. Within moments, old PDF contracts become digital documents in Juro, able to be managed in an end-to-end solution that includes internal and external negotiation, approvals, conditional logic and renewal reminders.

The latest update improves and accelerates how businesses manage their contracts, with less time spent on manual process and tagging, and less friction in the creation, negotiation and management of legal documents. It is set to be welcomed by Juro’s expanding customer base, now including Skyscanner, Deliveroo, Reach plc, uSwitch and Babylon Health.

Richard Mabey, CEO and co-founder, said: “As our in-house legal clients become more data-driven, we’re delighted to support them with AI data extraction capabilities. This is an important milestone in the development of the contract collaboration platform we have been building for the last 3+ years.”

About Juro

Juro is a contract collaboration platform founded in 2016 by Richard Mabey and Pavel Kovalevich. Since then, Juro has gone on to raise almost $3m in funding from the likes of Point Nine Capital, Seedcamp, the founders of TransferWise, Indeed and Gumtree, as well as the General Counsel of Zoopla. Juro is headquartered in London, with an office in Riga, Latvia.

Visit Juro to find out more.
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Contact:
Tom Bangay
Head of Content
tom@juro.com
@getjuro

Contact Info:
Name: Tom Bangay
Email: Send Email
Organization: Juro
Website: https://juro.com/

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Release ID: 88902941