Maple Street adds Artificial Intelligence: Kira Systems contract review software
Maple Street adds Artificial Intelligence:
Kira Systems contract review software
Kira will integrate with Maple Street’s proprietary CADi software to provide
faster, more accurate contract review
ORLANDO, Fla. (July 2, 2019) – Maple Street, the industry leader in providing complete vendor relationship management services to credit unions and community banks, has selected Kira Systems as its automated contract review software.
Kira Systems technology uses artificial intelligence and machine learning to deliver fast, efficient, and accurate identification of contract terms. Kira was selected by Maple Street after exhaustive testing to enhance and improve Maple Street’s contract management services. Kira’s system will be integrated into Maple Street’s proprietary vendor management software (CADi).
Maple Street president Mike Crofts said, “We are dedicated to deliver excellent service, accuracy and value to our clients. By working with Kira, we will improve and enhance our contract management services and technology, improving efficiency and accuracy.”
Maple Street’s CEO Teresa Crofts noted the Kira integration allows Maple Street to meet company goals, including:
- Commitment to innovation and continuing to deliver exceptional services
- Reinforces Maple Street as the only full-service vendor relationship management solution
- Supports Maple Street’s ability to empower credit unions and community banks to thrive
- Supports continued scalability and growth opportunities
The decision to partner with Kira comes after Maple Street reviewed other vendor solutions, conducted proof of concept testing, and determined how to integrate the contract review software.
Maple Street is the pioneer in vendor management. The company built the revolutionary Vendor Advantage System® that provides the only solution to manage every aspect of vendor relationships and performance, positively impacting clients’ bottom line.
Kira Systems’ software, Kira, uses machine learning to automate the extraction and analysis of key provisions from both structured and unstructured contracts, accelerating and increasing Maple Street’s productivity and ability to review and process clients’ contracts.
Co-Founder and CEO of Kira Systems Noah Waisberg said, “Maple Street is on mission to continually improve its Vendor Advantage System® platform, and the ability to embed our robust artificial intelligence with Maple Street’s software provides a powerful engine for growth. We are proud to play a part in helping community financial institutions across the nation not just survive, but thrive.”
About Maple Street
Maple Street, Inc., is the industry leader in managing vendors. Maple Street’s vision for managing vendors led to the development of the Vendor Advantage System®, which provides a comprehensive vendor management system for credit unions and community banks. The team is comprised of professionals who are experts in handling every aspect of vendor relations. Rather than providing a product that simply monitors vendors and some aspects of risk, Maple Street provides a system and platform that embraces all aspects of vendor relationship management. With this proven approach, Maple Street reduces vendor expenses, improves vendor performance and truly manages risk for its clients, and since 2003, Maple Street has saved clients nearly $100 million. Maple Street is based near Orlando, Florida. For more information, call (800) 513-6839 or visit www.maplestreetinc.com.
About Kira Systems
Kira Systems’ technology is the most used and trusted software for contract review and analysis, helping the world’s largest corporations and professional service firms uncover relevant information from unstructured contracts and related documents. Kira is powerful, patented, award-winning software that excels at searching and analyzing contract text and can be deployed for due diligence, knowledge management, lease abstraction, regulatory compliance and other projects where visibility into contract provisions is critical. Using Kira Quick Study, anyone can train additional models that can accurately identify virtually any desired clause. To find out more, please visit www.kirasystems.com.
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