This week’s AL TV Walk Through is with Nomio, the contract repository service that comes with a wide range of additional skills to help you search, filter, and interrogate your contracts – and makes use of human experts as well as technology.
Taking us through the demo is Nomio’s CEO, Josh Treon. The video is followed by some Q&A with Artificial Lawyer. Please press Play to watch inside the page, or go to the AL TV YouTube channel directly – here.
As Josh explains: ‘Nomio is a contract repository service. We do all the work for you.
The number one reason contract management systems fail is because they put too much work on the customer. Building and maintaining a contract repository for the long run is extremely tough. Legal teams don’t have the capacity, expertise, or tools to make the process reliable and efficient.
We solve this by offering a full service behind our product. We have a team of humans who we combine with AI to get better results than either alone. You give us your documents, and we do all the rest. The only thing we do is build and maintain contract repositories; we are incredibly focused.
Our favourite customers are those who aren’t happy with their current CLM / repository or those who have tried a DIY repository in a spreadsheet / SharePoint.
Key benefits:
- More accurate than even the very best AI – our UK-based team of people validates every single data point. So you don’t need to do the work yourself.
- We highlight all the mistakes and inconsistencies in your contracts as part of this process.
- We take the whole task off your plate – not just data capture – so you can set up with us even when you have no time.
- Ridiculously fast onboarding. Our average onboarding time is 2-3 weeks.
- We link every piece of information to exactly where it came from so that you can fully trust the data for the long term.
- We immunise you against spikes in workload and employee turnover.
- We build the repository to exactly your requirements.
- We not only capture, but auto-calculate key dates in your contracts like renewal notice deadlines.’
You can find out more information here.
