WASHINGTON, September 13, 2017 /PRNewswire/ --
Cenza announced today that it has joined Kira Systems' growing network of partners as a Kira Certified Service Provider. With this partnership, Cenza will be able to combine Kira's expertise in machine learning technology with its specialist knowledge of contract review to deliver faster and more accurate contract review services to its clients. Corporations will now be able to take advantage of technology enabled contract review, even when it does not make sense to be direct users of the technology themselves.
"Cenza is excited to offer our customers a more efficient way to manage contracts with artificial intelligence (AI). Kira's advanced machine learning automates extracting terms and provisions from contracts. With it, Cenza can manage contracts at lower cost and with even greater ease. Kira artificial intelligence lets our team focus more on interpretation, exception processing, quality control, and managing rights and obligations," said Ron Friedmann, Senior Advisor - Client Relations and Strategy, Cenza.
Cenza has worked with Kira Systems since early 2014 to understand how its services customers-including migrating or populating contract management systems, post-merger integration and regulatory review-can be further enhanced through the use of machine learning technology. Continued collaboration between the businesses will improve Cenza's delivery of legal services and give rise to new technology-enabled services not previously available.
"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."
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.
Cenza is an established and trusted provider of Legal Outsourcing solutions. We offer a comprehensive range of legal and business support services to law firms, banks, corporate law departments and financial services clients. Cenza has a 17-year successful track record of delivering complex projects to clients in the U.K., U.S., Canada and Australia. We have the ISO certification for our Quality Management System (ISO 9001) and our Information Security Management System is certified under the ISO 27001 standard. To find out more, please visit www.cenzasource.com.
About Kira Systems
Kira Systems' technology is the most used and trusted software for contract review and analysis, helping the world's largest corporations and professional service firms uncover relevant information from unstructured contracts and related documents. This powerful, patented, award-winning software can be deployed for due diligence, knowledge management, lease abstraction, regulatory compliance and other projects where visibility into contract provisions is critical. Its certified service provider program and API integrations make Kira accessible to corporations and allow it to be easily embedded in an enterprise's existing systems. To find out more, please visit www.kirasystems.com .
Senior Advisor - Client Relations and Strategy