AI Native Case Study #25: Ironclad
👏 Ironclad leverages GPT-4 to revolutionize legal contract reviews, enhancing efficiency and accuracy.
🌟 Background
Ironclad is a prominent contract lifecycle management platform designed to streamline every aspect of contract workflows for organizations.
🏔️ Challenge
Legal teams face time-consuming contract review processes, often taking up to 40 minutes for initial redlining.
💡 Solution
Ironclad launched AI Assist™, built on OpenAI’s GPT-4, to automate legal reviews by identifying issues in contracts and suggesting redline modifications.
🚀 Benefit
🌟 Users can now complete contract reviews in just 2 minutes, significantly reducing review time by 95%.
📈 AI Assist™ has become one of Ironclad’s fastest-adopted features, gaining overwhelming positive customer feedback.
🔒 OpenAI ensures that user data remains private and secure, enhancing user trust.
📊 Evaluation
Ethical AI: (9/10) Ironclad emphasizes human oversight and data privacy, aligning well with ethical standards.
AI Native: (8/10) The integration of GPT-4 showcases a strong focus on generative AI capabilities and native application development.
Application Modernization: (9/10) AI Assist™ significantly streamlines traditional contract workflows, enhancing overall efficiency.
Statement:
1) This case is sourced from OpenAI’s official website, linked to https://openai.com/index/ironclad/.
2) Evaluation results are generated by AI, lack of data support, reference learning only.
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