Seal Software Rolls Out Version 5.3 of Artificial Intelligence Platform for Contract Discovery and Analytics

The latest version of the Seal platform puts even more power into the hands of business users, making it possible to do more and achieve more without the need for legal or IT resources.

Seal Software, the leader in Contract Discovery and Analytics, announced today that it has released the newest version of its award-winning platform. Incorporating artificial intelligence and natural language processing, Seal’s advanced technology performs automated discovery of contracts across the enterprise and brings them into a centralized repository for extracting all of the valuable terms, provisions, and clauses buried in the text. Version 5.3 builds on Seal’s machine learning engine and analytics framework introduced in Seal V4.0 with a new process called Active Learning, which allows end users to quickly and intuitively create new machine learning (ML) models without the need for data scientists, consultants, or technical staff.

The latest version also enhances the Analyze This Now feature with a new Clause Library that can be used to swap out unapproved language with approved text while working on contracts within Microsoft Word, and includes web services to expose this functionality to any external application for insertion, tracking, and reporting on clause use. Moreover, the new version introduces out-of-the-box German-language extraction models for critical contract components, and includes a new centralized configuration capability.

“The latest version of the Seal platform puts even more power into the hands of business users, making it possible to do more and achieve more without the need for legal or IT resources,” said Kevin Gidney, CTO of Seal Software. “With Version 5.3, our customers continue to gain ever greater value from Seal to drive new revenue and gain competitive advantage over business rivals.”

Active Learning

The key to accuracy and scalability with any system which uses machine learning is the ability to train the system to ensure it knows what to look for and how to analyze data. Introduced in Version 5.0, UDML extended Seal’s machine learning framework by allowing end users to show the system positive and negative examples of the types of contract text to search for from across their entire portfolio as…

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