August 24, 2023
Robin AI has launched a new feature called Obligation Management. Combined with the power of Robin AI's tools in Query, in-house legal teams can use AI to search across the contract repository to identify obligations, and then use our intuitive dashboard to track, monitor and prioritise obligations. In-house legal teams no longer need to manually update spreadsheets to stay on top of the contractual obligations. This is another step forward in Robin AI's journey to make contracts simple.
August 24, 2023
Managing and tracking obligations is a challenge for all in-house legal teams. It’s a tedious process which is most commonly managed in MS Excel - and it requires a huge amount of manual input to get the right data in there in the first place, and requires a big lift to keep updated and on top of the duties. Unfortunately this manual way of tracking obligations means that deadlines are missed, costing the company revenue and exposing the business to risk.
With Robin AI’s latest feature, legal teams can review, prioritise and action all their tasks relating to contract obligations from a simple, intuitive dashboard. We’re giving legal teams a bird’s eye view of all their legal obligations across their contracts which were previously buried in mountains of paperwork. By leveraging the power of LLMs we’re able to quickly surface obligations to legal teams, and provide an intuitive way to keep on top of tasks and duties with reminders and notifications.
It’s another step forward to help legal teams to better prioritise and manage resource. Tasks and responsibilities can be assigned to different team members, and it’s simple to see where the most important priorities lay. This tool will help legal teams to make sure that auto-renewal clauses aren’t missed, and that important opportunities to renegotiate commercial terms are secured, helping teams to save money and drive revenue.
Obligation Management is available in Robin AI's module Query. If you'd like to find out more about our AI-powered features, read more here.