Latchapp
What is Latchapp?
Latchapp is an AI-powered contract review and redlining tool specifically designed for Fortune 500 legal teams. It streamlines the contract execution process, allowing agreements to be signed and executed in minutes. With certifications such as SOC 2 and ISO 27001, Latchapp ensures high standards of security and compliance, making it a trusted solution for managing legal contracts efficiently.
How to use Latchapp?
- Sign up for an account on the Latchapp website and log in.
- Upload your contract documents into the Latchapp platform.
- Utilize the AI features to review, redline, and extract insights from your contracts.
- Collaborate with team members directly within the platform to finalize the agreements.
- Execute contracts quickly, ensuring compliance and security throughout the process.
What are the main features of Latchapp?
- AI-powered contract review and redlining capabilities.
- Surgical redlining against playbooks and benchmarks directly in Microsoft Word.
- Intelligent benchmarking to assess standard positions against the market.
- Automatic insights extraction from contracts without manual tagging.
- Unified view of base agreements and amendments for easy access.
Who is Latchapp for?
Latchapp is primarily designed for legal teams within Fortune 500 companies. It caters to in-house counsel and legal professionals who require efficient contract management solutions. The tool is suitable for organizations looking to reduce contract cycle times, improve collaboration, and gain actionable insights from their agreements.
What are the use cases of Latchapp?
- Reviewing and redlining complex contracts quickly, ensuring compliance with internal policies.
- Analyzing contract relationships and amendments for better legal insights.
- Streamlining the contract execution process to enhance deal velocity and operational efficiency.
Latchapp Pros and Cons
Pros
- AI-Powered Contract Review: Leverage AI technology to review contracts efficiently, reducing the time needed for legal assessments.
- Fast Execution of Contracts: Get contracts executed in minutes, accelerating deal velocity and improving operational efficiency.
- Security and Compliance: SOC 2 and ISO 27001 certified, ensuring high standards of data protection and compliance with regulations.
Cons
No cons data detected for this tool
Latchapp Reviews
Ivo can help us reduce contract cycle times and gain faster insights into our agreements — so we can accelerate deal velocity and help Atlassian teams move quickly on what matters most.
At Canva one of our core values is make complex things simple. And I think Ivo is the perfect example of making complex things simple.
I love that I can take an 80 page contract and have it analyzed in accordance with our playbook in an hour.
For more reviews, visit this link: https://www.latchapp.com/#reviews
Latchapp Compare
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Info current as of post date. Offers and availability may vary by location and are subject to change.
Latchapp Q&A
Customers report saving up to 75% of the time it takes to manually review contracts.
For more FAQs, please visit this link: https://www.ivo.ai/faq
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