Volody CLM
By Volody Products
Volody is a legal tech company specializing in providing software to help businesses digitize and automate their legal processes. Built by professionals with decades of experience, our products, such as Contract Lifecycle Management Software, Document Management Software, and Litigation Management Software, aim to reduce legal workload and eliminate low-value manual processes. With AI & ML at their core, Volody products are engineered to provide astute and agile solutions that adeptly meet the evolving requirements of the corporate world. That's why global giants like HDFC, L&T Finance, Vodafone Idea, Honda Cars, Linde Group, L'Oréal, Grant Thornton, etc., have chosen Volody as their legal tech provider.
AI-features provided by Volody are more far more advanced than the ones available on the market. Features like clause extraction, clause suggestion, auto-extraction of obligations, risk analysis, etc are far more advanced than the ones present in the market.
Seller
Volody Products
HQ Location
New York City, USA
Company Website
https://www.volody.com/
Contact
+91 8080809301
Year Founded
2014
Contract Lifecycle Management
AI-powered Risk Analysis
AI-powered Contract Summary
AI-powered Contract Data Extraction
Legacy Contracts
Digital Signature
E-Sign
Contract Drafting
Free
Per User Per Month
$ 40
Per User Per Month
Free
Per User Per Month
English
Not available.
Not available.
Not available.
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Yes, the Volody Contract Lifecycle Management (CLM) platform uses artificial intelligence (AI) in several areas to enhance its functionality and streamline contract management processes.
Contract Drafting and Automation: The platform automates contract drafting using AI, which helps in creating contracts quickly with legal-approved templates. This reduces the time taken to draft contracts and minimizes human errors.
Clause Suggestions: Volody's AI engine provides smart clause suggestions based on previously executed agreements. This feature aids in maintaining consistency and compliance across contracts.
Risk Analysis: The AI capabilities of Volody CLM include analyzing contracts for potential risks or missing clauses. Users receive alerts about these risks, helping them draft risk-free and compliant contracts.
Data Extraction and Management: The platform uses AI to digitize legacy contracts and extract key metadata. This includes extracting contractual obligations and assigning them to the respective business users.
Integration and Workflow Automation: Volody CLM integrates with various tools and systems, using AI to automate workflows and reduce manual intervention in contract management processes
Volody's Contract Lifecycle Management (CLM) platform incorporates artificial intelligence (AI) to enhance various aspects of contract management. Specifically, it utilizes Generative AI and other AI technologies to streamline and automate contract-related processes.
Generative AI: This technology is integrated into the CLM system to enhance contract analysis, reduce manual review time, and ensure compliance with legal requirements. It helps in identifying and flagging errors or inconsistencies in contracts, thereby minimizing human error and ensuring secure contract management.
Proprietary AI Engine: Volody uses its proprietary AI engine to provide smart clause suggestions based on previously executed agreements. This feature aids in maintaining consistency and compliance across contracts.
Machine Learning: The platform employs machine learning algorithms to automate the contract creation process, manage supplier risks, and enhance compliance management. These algorithms help in identifying potential risks, such as financial or legal issues, and ensuring that contracts comply with regulations.
Volody CLM is not a Web3 company.
Volody CLM does not incorporate any Web3 components in its platform.
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