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Kira Contract Analysis

Composite Score

6.9 /10

CX Score

7.1 /10

20 Reviews Write a Review

What is Kira Contract Analysis?

Gain visibility into contract repositories within minutes. Automatically extract and summarize any provision from virtually any contract. Uncover insights faster than you thought possible. When you need to know what your contracts say, there's no reason to be in the dark.

Company Details

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Awards & Recognition

Kira Contract Analysis won the following awards in the Contract Discovery and Analytics category

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2023 Data Quadrant Gold Medalist

Latest Award, 2023

7 Top Rated Capabilities

7 Top Rated Features

Latest Award, 2023

2023 Emotional Footprint Champion

2023

Strategy and Innovation
Service Experience
Product Impact
Contract Negotiation
Conflict Resolution

2023

5 Top Rated Capabilities

4 Top Rated Features

2022

Kira Contract Analysis Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Kira Contract Analysis.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

75 Likeliness to Recommend

3
Since last award

86 Plan to Renew

10
Since last award

78 Satisfaction of Cost Relative to Value

3
Since last award

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+80 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Kira Contract Analysis?

11% Negative

3% Neutral

86% Positive

Pros

Transparent
Generous Negotitation
Friendly Negotiation
Acts with Integrity

Feature Ratings

Average 75

Intelligent T&C Extraction

Smart Filters

Intelligent Contract Discovery

Configurable Access Controls

Phase Analysis

AI Powered Analysis

Optical Character Recognition

Trainable System

3rd Party Integration

Custom Search

Intelligent Recommendations

Vendor Capability Ratings

Average 74

Usability and Intuitiveness

Business Value Created

Quality of Features

Ease of Data Integration

Ease of Customization

Vendor Support

Ease of IT Administration

Availability and Quality of Training

Product Strategy and Rate of Improvement

Ease of Implementation

Breadth of Features

Kira Contract Analysis Reviews

Somesh C.

Role: Operations
Industry: Healthcare
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Oct 2023

Unveiling the Power of AI in Contracts

Likeliness to Recommend

9 /10

What differentiates Kira Contract Analysis from other similar products?

Kira excels in handling the complexity of healthcare contracts, which are often rife with industry-specific jargon and intricate clauses. For instance, during a recent audit of our supplier contracts, Kira accurately identified and categorized crucial clauses related to pricing, compliance, and service level agreements. Other contract analysis tools struggled to provide the same level of precision.

What is your favorite aspect of this product?

Kira learns from our data, enabling it to swiftly adapt to new contract types and regulatory changes. This adaptability proved invaluable when we had to quickly incorporate updates to telemedicine regulations into our provider contracts

What do you dislike most about this product?

Training our team to use it effectively was a time-consuming process, especially for those unfamiliar with AI-driven contract analysis tools

What recommendations would you give to someone considering this product?

Kira is a substantial investment, but its ability to expedite contract analysis in the healthcare sector is worth every dollar

Pros

Reliable
Caring
Saves Time
Acts with Integrity

Welsah T.

Role: Finance
Industry: Consulting
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Dec 2022

Reliable Contract Management Approach

Likeliness to Recommend

8 /10

What differentiates Kira Contract Analysis from other similar products?

Kira Contract brings all the qualifications for business contracts, to save on finances.

What is your favorite aspect of this product?

Kira Contract establishes the suitable plans in coordinating valuable contracts and policies.

What do you dislike most about this product?

Kira Contract is idealistic in establishing quality procedures.

What recommendations would you give to someone considering this product?

Kira Contract is more apprehensive in developing reliable procedures for financial development

Pros

Reliable
Enables Productivity
Efficient Service
Fair

Muthiora N.

Role: Consultant
Industry: Consulting
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Oct 2022

Excellent Product!!

Likeliness to Recommend

9 /10

What differentiates Kira Contract Analysis from other similar products?

The AI analysis is on point. Makes work very easy.

What is your favorite aspect of this product?

Impressive reporting The system is highly trainable

What do you dislike most about this product?

There should be more updates for a given version

What recommendations would you give to someone considering this product?

Contracts are important and needs to be analyzed and reviewed carefully. Kira Contract Analysis Software does its functions with ease.

Pros

Helps Innovate
Reliable
Effective Service
Inspires Innovation

Latest Research

Kira Contract Analysis

What is Kira Contract Analysis?

Company Details

Need Assistance?

Awards & Recognition

2023 Data Quadrant Gold Medalist

2023 Emotional Footprint Champion

2021 Data Quadrant Gold Medalist

2021 Emotional Footprint Champion

2020 Data Quadrant Gold Medalist

Kira Contract Analysis Ratings

75 Likeliness to Recommend

3 Since last award

86 Plan to Renew

10 Since last award

78 Satisfaction of Cost Relative to Value

3 Since last award

Emotional Footprint Overview

+80 Net Emotional Footprint

How much do users love Kira Contract Analysis?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Intelligent T&C Extraction Automated section, clause and term level identification and extraction based on pre-programmed rules.

Smart Filters Granular control of scope of search based on metadata criteria such as date, source, file type.

Intelligent Contract Discovery Search, discover, and index contracts from CRM, procurement, marketing, HR, ECM, etc., centralize document copies and extract/import to target system(s).

Configurable Access Controls Role and user based security access controls. ISO 27002 compliant.

Phase Analysis Automated identification of key phrases from the data set, ranked by occurrence.​

AI Powered Analysis Automate the contract review and clause extraction process to yield insights from unstructured data leveraging ML, NLP, deep learning, latent semantic indexing.

Optical Character Recognition Optical Character Recognition (OCR) capabilities to accurately extract text from contract images.

Trainable System System learns to extract information unique to the organization’s contracts or defined criteria.

3rd Party Integration Ability to access and run search and discovery and extraction across 3rd party systems.

Custom Search Create customer search policies to identify risk and revenue opportunities for a Line of Business (LOB).

Intelligent Recommendations Identifies risk areas in contract areas vs. standard clause library or custom generated flags.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Kira Contract Analysis Reviews

Somesh C.

Unveiling the Power of AI in Contracts

Likeliness to Recommend

Pros

Welsah T.

Reliable Contract Management Approach

Likeliness to Recommend

Pros

Muthiora N.

Excellent Product!!

Likeliness to Recommend

Pros

Title

3
Since last award

10
Since last award

3
Since last award

Feature Ratings

Intelligent T&C Extraction

Smart Filters

Intelligent Contract Discovery

Configurable Access Controls

Phase Analysis

AI Powered Analysis

Optical Character Recognition

Trainable System

3rd Party Integration

Custom Search

Intelligent Recommendations

Vendor Capability Ratings

Usability and Intuitiveness

Business Value Created

Quality of Features

Ease of Data Integration

Ease of Customization

Vendor Support

Ease of IT Administration

Availability and Quality of Training

Product Strategy and Rate of Improvement

Ease of Implementation

Breadth of Features