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Litera Kira vs. Standav Smart Contract Analytics Platform

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Kira

    Score7.6 out of 10
    Enterprise companies (1,001+ employees)
    Kira, now from Litera (acquired August, 2021) is software that searches and analyzes contract text. Kira offers pre-built, machine learning models covering due diligence, general commercial, corporate organization, real estate and compliance. Using Kira Quick Study, anyone can train additional models that can identify any desired clause. Kira can be deployed on virtual data rooms and other large repositories of contracts, creating summary analyses.N/A

    Standav Smart Contract Analytics Platform

    N/AN/ASmart Contract Analytics (SCA), from Standav, is a comprehensive Contract Discovery and Analytics platform powered by Artificial Intelligence & Machine learning. The platform provides insight into contracts and similar documents helping organizations extract, review and analyse critical information from the contracts and make informed decisions. Product features: 1) NLP and deep learning techniques for extracting metadata 2) Export the extracted data to Excel or client…N/A
    Pricing
    KiraStandav Smart Contract Analytics Platform
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    KiraStandav Smart Contract Analytics Platform
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeRequiredNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    KiraStandav Smart Contract Analytics Platform
    Considered Both Products
    Litera
    No answer on this topic
    Standav Corp
    No answer on this topic
    Key User Insights
    Would buy again
    95%
    Would buy again
    20 Answers
    No answers on this topic
    Delivers good value for the price
    90%
    Delivers good value for the price
    9 Answers
    No answers on this topic
    Happy with the feature set
    86%
    Happy with the feature set
    18 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    92%
    Lived up to sales and marketing promises
    12 Answers
    No answers on this topic
    Implementation went as expected
    61%
    Implementation went as expected
    11 Answers
    No answers on this topic
    User Ratings
    KiraStandav Smart Contract Analytics Platform
    Likelihood to Recommend
    7.6
    (21 ratings)
    -
    (0 ratings)
    Usability
    7.6
    (21 ratings)
    -
    (0 ratings)
    Support Rating
    7.5
    (21 ratings)
    -
    (0 ratings)
    User Testimonials
    KiraStandav Smart Contract Analytics Platform
    Likelihood to Recommend
    Litera
    Kira is a great due diligence tool and can be well utilised on both large and small transactions. It also has good application if you are looking to compare multiple documents against a model form document or market standard templates. Kira is less useful if you are looking to review emails (e.g. as part of a disclosure exercise); or if your review involves non-Latin based script languages.
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    Standav Corp
    No answers on this topic
    Pros
    Litera
    • UI/UX - tagging and naming feels much easier than you'd expect machine learning to feel
    • Accuracy - Kira's built-in models perform well out of the box
    • Assistance - Kira's support team gets back to me same day if I have a question
    Incentivized
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    Standav Corp
    No answers on this topic
    Cons
    Litera
    • Inability to relabel smart fields to suit the review process means it is hard to align it to particular projects (e.g. it would be useful to relabel the "Assignment" smart field as "Is the contract assignable?")
    • Not enough non-English smart fields.
    • Needs the ability to resell user-trained smart fields in a marketplace.
    • Output is not customizable enough.
    • Built-in analysis tools are useful but a little basic.
    Incentivized
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    Standav Corp
    No answers on this topic
    Usability
    Litera
    If our firm had more contracts in English, the usability of Kira would be rated higher. However, since we have to train clauses in Portuguese in order to use Kira, it makes its usability lower. We still are not able to fully use Kira for reading contracts in Portuguese. It takes a long time and many associate hours to make Kira usable in other languages.
    Incentivized
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    Standav Corp
    No answers on this topic
    Support Rating
    Litera
    Customer Support is excellent. The online help portal is probably the best I have ever seen. Great videos with content easily found. The HelpLine is staffed by knowledgeable people. The videos have saved us providing a lot of in-house training, which we would struggle to resource. The account managers really know the product and their law firm clients and share best practices and trends.
    Incentivized
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    Standav Corp
    No answers on this topic
    Alternatives Considered
    Litera
    Kira offers a lot more out of the box than other providers and is also more flexible around integrations. This, plus the clear pricing structure, is why we went for it instead of (or as well as) others. Diligen, RAVN, Leverton, Della, Seal not in list.
    Incentivized
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    Standav Corp
    No answers on this topic
    Return on Investment
    Litera
    • Positive ROI: Increased comfort level of attorneys and use of tech
    • Neutral ROI: It has not significantly change how we handle projects, since there still is a need for manual review
    • Negative ROI: It has been cost prohibitive to scale it
    Incentivized
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    Standav Corp
    No answers on this topic
    ScreenShots

    Kira Screenshots

    Screenshot of Login ScreenScreenshot of Kira DashboardScreenshot of Document & Contract ReviewScreenshot of Training Custom Smart Fields