Likelihood to Recommend It covers the basic contract management functions like setting deadlines, organizing documents in one place, and sending them for signature very well. We use it to reduce document complexity and extract and enhance metadata. It's perfect for managing obligations and information stored in contracts. In fact, AI-powered extraction is a great help to set up all relevant tasks during the initial contract management. It is perfect if you want to explicitly share not only the contract itself but also the attachments.
Read full review Kira is a great due diligence tool and can be well utilised on both large and small transactions. It also has good application if you are looking to compare multiple documents against a model form document or market standard templates. Kira is less useful if you are looking to review emails (e.g. as part of a disclosure exercise); or if your review involves non-Latin based script languages.
Read full review Pros It tracks contract expiration dates, renewal periods, etc. Automates and manages approvals and helps maintain order in contract management. Keeps contracts in a secure location and supports version control. Saves time by extracting useful data, e.g. deadlines. Provides a very handy reminder management system. Read full review UI/UX - tagging and naming feels much easier than you'd expect machine learning to feel Accuracy - Kira's built-in models perform well out of the box Assistance - Kira's support team gets back to me same day if I have a question Read full review Cons I suggest adding more AI analysis features to the data extraction. It is very useful for my work and I am always excited when you add new features. They help a lot in understanding the documents, setting deadlines, etc Read full review Inability to relabel smart fields to suit the review process means it is hard to align it to particular projects (e.g. it would be useful to relabel the "Assignment" smart field as "Is the contract assignable?") Not enough non-English smart fields. Needs the ability to resell user-trained smart fields in a marketplace. Output is not customizable enough. Built-in analysis tools are useful but a little basic. Read full review Usability Getting started was easy, the interface is simple and intuitive, you feel like you know the platform right from the start.
Read full review If our firm had more contracts in English, the usability of Kira would be rated higher. However, since we have to train clauses in Portuguese in order to use Kira, it makes its usability lower. We still are not able to fully use Kira for reading contracts in Portuguese. It takes a long time and many associate hours to make Kira usable in other languages.
Read full review Support Rating It's easy to understand and to use, though I still recommend asking a colleague or contacting support to get a quick tutorial for first-time users.
Read full review Customer Support is excellent. The online help portal is probably the best I have ever seen. Great videos with content easily found. The HelpLine is staffed by knowledgeable people. The videos have saved us providing a lot of in-house training, which we would struggle to resource. The account managers really know the product and their law firm clients and share best practices and trends.
Read full review Alternatives Considered Read full review Kira offers a lot more out of the box than other providers and is also more flexible around integrations. This, plus the clear pricing structure, is why we went for it instead of (or as well as) others. Diligen, RAVN, Leverton, Della, Seal not in list.
Read full review Return on Investment It saves time by replacing channels for document encryption. No need for emails; makes work safer and easier to figure out what document the team is working on. No need to switch between the platforms to sign documents. No need to read the whole document; just the places AI highlighted. Read full review Positive ROI: Increased comfort level of attorneys and use of tech Neutral ROI: It has not significantly change how we handle projects, since there still is a need for manual review Negative ROI: It has been cost prohibitive to scale it Read full review ScreenShots