TactoTek, the Finnish technology pioneer, has adopted Luminance's next-generation AI to automate the negotiation of high-volume contracts and enhance insight into enterprise contract management.

With over 100 employees and offices spanning Europe, Asia, and the US, TactoTek's lean legal team was in search of an AI solution that could reduce the time spent drafting and negotiating standard contracts such as Non-Disclosure Agreements as well as improve the ability to analyze and pinpoint critical information across their contractual landscape. These manual and labor-intensive tasks had previously constrained the legal team's capacity to engage in more strategic, high-value work that would drive the fast-growing company forward.

The TactoTek team now employs Luminance's suite of AI-powered negotiation functionality, including the ability to automatically flag risky or non-standard clauses in any incoming contract in Word, and even suggest wording to bring clauses into line with gold standards in seconds. Moreover, with Luminance's AI-driven contract repository, TactoTek has all key contractual information at its fingertips. From parties, governing laws, and contract types, to alerts on any contract that is due to expire, this unparalleled insight is enabling the team to respond to urgent business requests in minutes.

Looking ahead, TactoTek plans to empower their non-legal teams with Luminance’s contract generation functionality, as well as the Legal Helpdesk which provides a centralized portal for any legal query.

Sonja London, General Counsel at TactoTek, said: "The sheer volume of repetitive contracts in need of negotiation and review was overwhelming. For a rapidly expanding company like ours, any technology we adopt must offer immediate benefits. Luminance has done exactly that. Luminance’s AI is not just innovative but transformative, revolutionizing the day-to-day running of our legal team.”

Eleanor Lightbody, CEO of Luminance, added: "For busy General Counsels, every minute in their day counts. Luminance's AI ensures that crucial time is invested in strategic, high-value work rather than in repetitive contract reviews. Luminance is delivering immediate value to industry leaders like TactoTek and I am excited to see how our technology helps the company to grow and flourish in the future."

ENDS

About TactoTek

TactoTek, Oy (Oulu, Finland), is the world leader in developing and licensing injection-molded structural electronics (IMSE®) technologies. Automotive, aviation, connected home, industrial control and medical brands use TactoTek innovations to create next-generation user experiences that are compelling, differentiated, and more sustainable. Designers use TactoTek IP to integrate circuits and components directly into plastic parts, transforming conventional structures into smart interactive surfaces. TactoTek licenses its intellectual property, including over 230 patents and critical know-how developed over a decade of intensive R&D and quality testing, to global manufacturers who use reliable, standardized manufacturing processes to produce curved-shape and conformal electronics. Learn more at www.tactotek.com.

About Luminance

Built on a proprietary legal Large Language Model (LLM), Luminance’s specialized legal co-pilot uses next-generation AI to automate the generation, negotiation, and analysis of contracts. Developed by world-leading AI experts, validated by leading lawyers, and in use by over 600 customers in 70 countries, Luminance’s ‘legal-grade’ AI is a key component of any legal team.

TactoTek

Karthikesh Raju

SVP Product Management and Marketing

[email protected]