Category: Artificial Intelligence

The VDR as your AI Due Diligence Hub

Virtual Data Rooms (VDR) have transformed the way M&A takes place, providing both security and convenience to the transaction. With the now extensive capabilities VDRs offer, from document management, audit trails, detailed user permissions and Q&A functionality, to advanced reporting, and in some VDRs AI-based redaction, the VDR is an essential element of nearly all […]

The rise of automated tools for Due Diligence

The deluge of data in the last decade The massive increase in data over the past decade has significantly impacted the Due Diligence process in M&A. The volume of data that companies now have related to operations, customers, financials, etc. has exploded. This means more data to collect, process, and analyse during Due Diligence. The […]

Secure Redaction

AI redaction needs to be accurate (read more), automatic (read more), and easy to use. However, all these features are worthless if you can’t rely on the redaction to be securely implemented. You need to have the confidence that the people viewing the redacted documents can’t see what has been redacted, unless they are permitted. […]

Customised AI-redaction – making sure it redacts what you want redacted

Last week, we addressed the challenge of achieving perfect accuracy in automated redaction. We emphasised that even with the most advanced technology, perfect recall and precision are not feasible, despite what some vendors may claim. Contrary to the practice of other vendors, we like to be open about our accuracy statistics, and you can read […]

Accuracy of AI-redaction

In our previous blog post we discussed how advanced AI technology – driven by Large Language Models – can be used for automatic redaction of sensitive information. We mentioned that very high accuracy can be achieved with such technology. In this post we will show that the latter is indeed the case. Recall We already […]

Large Language Models for Automated Redaction

Technology deep dive (but don’t be put off if you are a non-technical person, we will keep it high-level) Last week we discussed how time limits and the likelihood for error make manual redaction very challenging, and why even automated redaction is a difficult nut to crack, at least with traditional search methods, and “Regular […]

“To Err is Human” – Redaction Challenges

Time and error Redacting documents can be time-consuming, particularly when dealing with a large volume of documents or complex information. Time pressure can arise due to impending deadlines, or the need to share information quickly while ensuring data privacy. When there isn’t enough time allocated for redaction, there is an increased risk of errors. We’ve […]

Where and when to redact documents

During M&A Due Diligence, prior to releasing all information to the buy-side, sellers often need to redact certain sensitive information to protect confidential or proprietary data (see part 1 of our series – Why redaction is so important). Even with smaller sized transactions, the redaction process can be a lengthy and painful task which can […]

Why redaction is so important

Redaction plays a crucial role in due diligence by protecting sensitive information and ensuring compliance with privacy regulations. By effectively redacting sensitive information, the due diligence process can proceed smoothly and securely, enabling mitigation of potential risks. The importance of redaction during due diligence CONFIDENTIALITYMultiple parties such as potential investors, acquirers, or legal advisors may […]

Automated Contract Summaries for Corporates

How Imprima’s Smart Summaries Tool is Revolutionising Corporate Deal Making Are you tired of spending hours poring over legal documents and contracts during corporate deal making? Imprima has the solution: Smart Summaries, our cutting-edge AI-powered tool that creates automated contract summaries so you can analyse and summarise legal documents and contracts quickly and accurately. Smart […]

Smart Summaries for REAL ESTATE

Whether you are acquiring land, producing a Rent Roll or simply need a summary of key terms in a portfolio of Lease Agreements – Imprima Smart Summaries is the tool your Real Estate team can rely on. Smart Summaries utilises innovative machine learning techniques to understand key provisions in any document. The algorithms can adapt […]

Smart VDRs – It is all about Accuracy

Last week we shared our blog on Smart VDRs with you. It included some accuracy stats on Smart Summaries, the key Machine Learning tool to extract data points from transaction documentation (such as dates, locations, etc.). Before that we shared the accuracy stats of our Smart Redaction tool. Today we would like to zoom in […]

Smart VDR – a Paradigm Shift

Virtual Data Room (VDR) replaces Physical Data Rooms (2002-2022) 20 years ago, the M&A Due Diligence (DD) process changed fundamentally with the introduction of Virtual Data Rooms. Before then, DD was conducted by designating a separate physical room at the seller’s office, where physical copies of all company documentation pertinent to the DD were made […]

Automated PII Redaction

Imprima Smart Redaction achieves accuracy (recall) of around 95% Sellers, or their advisors, are often confronted with the requirement to redact Personally Identifiable Information – an error-prone and laborious task. Outsourcing is expensive and may cause delays before your deal can go live. And why spend money on it, when it can be done automatically, […]

Smart Compliance – the latest AI-based innovation from Imprima

Why PII redaction is difficult (until now!) Redacting Personal Identifiable Information (PII) is a necessity nowadays, to be GDPR compliant, and to protect Personal Data in an M&A setting. Redacting PII data seems like a simple task, and one that one would think could be easily automated with software that makes use of a combination […]

What Will Be the Impact of AI on the legal profession in the Coming Years?

The beginnings of AI’s impact on the legal profession is already noticeable. Legal professionals are adopting AI software solutions to automate many areas of their work, generating greater accuracy, efficiency, and cost savings. Over the coming years, AI’s impact on the legal profession will likely grow, significantly disrupting the sector as we know it. How […]

How Law Firms are Using AI to Improve and Streamline Legal Services

The use of AI in legal sector settings is increasingly becoming the norm. While there is no cause for robots to replace human professionals just yet, innovative AI software applications are being adopted widely to improve legal services, reduce costs and increase efficiency. This post will explore how AI is being used in the legal […]

Discovering Information: What Does it Cost, What Does it Take?

By Pieter van der Made (Executive Chairman) and Jeroen de Knijf (Senior Data Scientist) at Imprima Introduction Do you feel you are wasting a lot of time looking for information and documentation? Well, you are not alone. According to McKinsey, ’employees spend 1.8 hours every day – 9.3 hours per week, on average – searching […]