Creating a Single Source of Truth

APEM implemented Luminance’s AI-powered repository to consolidate contracts across seven global offices spanning North America, Europe, and APAC. The legal department now serves as a central knowledge hub for the broader organization, enabling complex searches across the contract repository that return results within seconds. This capability allows rapid identification of risks and opportunities, helping teams answer business questions efficiently.

The team leverages Ask Lumi, Luminance’s Legal-Grade chatbot, to query documents using natural language. Examples include searching for contracts under specific governing laws like Luxembourg or identifying agreements with unlimited liability clauses.

Driving Value Business-Wide

Luminance’s Alerts functionality automatically notifies the legal team of critical contract dates including commencement, break clauses, and expiration dates. This proactive monitoring helps prevent revenue leakage and enhances overall business agility across departments.

Expediting Contract Review and Approval

APEM’s legal team uses Luminance’s negotiation tools to streamline incoming contract reviews for MSAs and NDAs. The AI highlights risk areas, allowing lawyers to concentrate on high-priority issues. The Workflow Editor enables smoother approval workflows, reducing email coordination delays and accelerating time-to-signature for routine agreements.