Contract Lifecycle Management (CLM) disruptor Summize has supercharged its offering by incorporating the power of OpenAI's GPT-3.5 language model into its innovative legal software.
Summize’s technology instantly scans through contractual documents and identifies relevant sentences and paragraphs to clauses, including the ability to extract key dates, locations, numbers, and terms. It now uses this intelligence to feed OpenAI the context it needs to create a natural language “super summary.”
GPT-3.5's natural language understanding and generation capabilities make Summize’s time-saving automated contract summaries even more user-friendly and compelling.
Summize disrupts traditional approaches by enabling the digitalisation of the end-to-end contract process within tools such as Teams, Slack, and Microsoft Word, allowing in-house lawyers and commercial teams to automate manual contract tasks and create automatic business efficiencies.
Recognising the market demand for the benefits of OpenAI, Summize’s development team has fast-tracked OpenAI through its R&D lab to bring this ground-breaking enhancement to existing Summize customers in record time.
This enhancement marks the latest innovation for the rapidly growing tech business since its inception in 2018, with global customers including blue-chip companies such as Moonpig, Fujifilm, The Modern Milkman, and NCC Group.
Tom Dunlop, co-founder and CEO at Summize, commented: “We are passionate about making the legal industry smarter, more efficient, and levelling up the tech capabilities of the legal department with its counterparts in finance, sales and HR.
“Summize particularly excels in the extraction of key data to create usable summaries of contracts. Automatically feed OpenAI GPT-3.5 the context it needs to be most reliable and accurate, and you get a winning combination. Our contract summaries are now more insightful and more usable than ever…essentially, they’re supercharged! The summary you get is now so much more natural and richer, that you could share it internally or externally, without any refinement.”
Write me a quote from GPT about how it is working with Summize...
“OpenAI is proud to be integrated into Summize's product, bringing a new level of natural language understanding to the world of search and analysis. Open AI's GPT is a pre-trained language model that can generate human-like text, handle a wide range of language tasks, understand and generate text based on context, and provide a high level of accuracy to its users.”
The OpenAI-powered contract summaries are available to all Summize customers as part of an Early Access program. To learn more, visit https://www.summize.com/chatgpt