Prestigious Annual Awards Program Recognizes Innovative Companies, Products, and Services Supporting the Legal Field
LegalTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout legal technology companies, products and services around the globe, today announced that Knowable has been selected as “Contract Management Solution Provider of the Year” in the third annual LegalTech Breakthrough Awards program.
Knowable’s unique contract data conversion engine integrates machine learning with 350 human contract analysts providing QC across 25 languages. With a foundation of structured contract data, firms can achieve modern risk management and value capture. Knowable’s customers include many of the world’s leading companies, who benefit from the company’s 98% data accuracy guarantee.
“For decades, in-house legal professionals have struggled to solve a massive problem — a near total inability to access information from tens or hundreds of thousands of complex legal agreements they have with counterparties around the world. Answering simple questions is an odyssey. Larger contract initiatives, like regulatory activities, are even worse. It’s a mess that has plagued the industry for decades,” said Bryan Vaughn, Managing Director of LegalTech Breakthrough Awards. “In a world where data accuracy drastically affects outcomes, and where unreliable contract data has historically plagued legal operations and their business partners, Knowable is the one company in the market that delivers both accuracy and reliability. Congratulations on being our choice for the 2022 ‘Contract Management Solution Provider of the Year’ award.”
Enterprise clients interact with Knowable’s data through Knowable Insights, an award-winning platform purpose built for the management and interrogation of executed agreements. Knowable Insights delivers accurate data and analytics, organized by contract family hierarchies, surfacing in a few keystrokes answers that liberate revenue, manage cost, and reduce risk. Data long hidden in documents buried across SharePoint and repositories are brought to the surface and streamed into other enterprise systems as needed across legal, IT, finance, sales, and procurement.
While Knowable is primarily seen as a Contract System of Record for ongoing contract management, corporate transactors also use Knowable contract data in the M&A diligence process to uncover deal risks, accelerate velocity, and improve integration outcomes. Meanwhile, others leverage Knowable to enable their CLMs, so users can trust their contract data.
“We couldn’t be more proud to be recognized as the Contract Management Solution of the Year,” said Mark Harris, CEO and co-founder of Knowable. “We call Knowable ‘The Executed Agreements Company.’ We do one thing extremely well: we give enterprises unprecedented visibility into their entire corpus of existing contracts so they can search, find, and answer questions fast. It’s time for the long era of contract chaos in big companies to end, and that’s why we exist—to make everything, in every corporate contract, Knowable.”
The mission of the annual LegalTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions, and products in the legal technology industry today. This year’s program attracted more than 1,450 nominations from over 12 different countries throughout the world.
About LegalTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the LegalTech Breakthrough Awards program is devoted to honoring excellence in legal technologies, services, companies and products. The LegalTech Breakthrough Awards program provides a forum for public recognition around the achievements of LegalTech companies and solutions in categories including Case Management, Client Relations, Data and Analytics, Documentation, Legal Education, Practice Management, eDiscovery and more. For more information visit LegalTechBreakthrough.com
Knowable is the world leader in post signature contract management, helping enterprises easily understand the opportunities and commitments in tens or hundreds of thousands of legal contracts. Knowable combines proprietary machine learning tools with scaled legal expertise to translate legal language into actionable structured data that provides unparalleled visibility and insights through its award-winning Knowable Insights platform and simple APIs. With Knowable, enterprises receive a trusted Contract System of Record that delivers 98% guaranteed accuracy across their entire corpus of contracts. After its spinoff from ALSP leader Axiom, Knowable entered a joint venture with LexisNexis® Legal & Professional. For more information, go to www.knowable.com.