Toronto, ON - May 9, 2017 - Kira Systems, leader in machine learning contract analysis, today announced the launch of the Kira Certified Service Provider Program. The program is designed to provide extensive training to Service Providers to enable them to effectively use Kira’s machine learning technology, to enhance the quality of contract review delivered to their clients. Inaugural participants in the program include professional services firms like Deloitte* and Mainspring Consulting Group, as well as legal services providers such as, Axiom, Cognia Law and Elevate.
Achieving Gold or Silver status as a Kira Certified Service Provider requires experience in such areas as contract data extraction, regulatory compliance, transactional review or other areas. Certified Service Providers are assessed on their technical understanding of the software as well as their ability to effectively manage review projects using the technology.
“We are really excited to expand our network of Kira Certified Service Providers,” said Noah Waisberg, CEO of Kira Systems. “We believe that in many cases the needs of corporates are best served directly through a service provider, but that shouldn’t mean they don’t get to have the benefits of AI too.”
The certification program originated from Kira Systems’ experience with large companies, which often wanted to leverage Kira’s technology but lacked the internal resources to use and train the solution. Now with the knowledge of a service provider to guide them through the process, more companies may benefit from using the technology. Kira users consistently report time savings of 20–40% the first time using the software, and up to 60% or more with experience. Because Kira Certified Service Providers are highly trained on Kira’s features and workflow best practices, they can help to maximize the time savings and deliver contract review or data extraction projects faster.
Kira is software that excels at searching and analyzing contract data. Kira offers pre-built machine learning models covering due diligence, general commercial, corporate organization, real estate, compliance and more. Using Kira Quick Study, anyone can train additional models that can accurately identify virtually any desired clause. Kira has been trusted by some of the world’s largest corporations on hundreds of billions of dollars of transactions and have been deployed on use cases where visibility into contract provisions is critical. Kira solutions work to deliver better value and at lower cost through the combination of greater time savings and increased certainty of the review duration.
About Kira Systems
Kira Systems helps enterprises uncover relevant information from unstructured contracts and related documents. Our powerful, award-winning software excels at searching and analyzing contract text. Kira offers pre-built machine learning models covering due diligence, general commercial, corporate organization, real estate, compliance and more. Using Kira Quick Study, anyone can train additional models that can accurately identify virtually any desired clause. Kira can be deployed on virtual data rooms and other large repositories of contracts, creating summary analyses within minutes. Customers, who include some of the world's largest corporations and professional services firms, have trusted Kira on over $100 billion of M&A transactions. They also deploy Kira for knowledge management, contract search, analytics, and other use cases where visibility into contract provisions is critical. To find out more, please visit www.kirasystems.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.