Seamlessly redact over 500 documents in minutes
Ansarada rounds out AI toolset with powerful in-built bulk AI-redaction tool for a rapid redaction process kept within the Data Room
By AnsaradaTue Sep 08 2020Due diligence and dealmaking, Advisors, Innovation, Virtual Data Rooms, Product know how, AI and cloud integrations, Security and risk management
What do you spend the most amount of time on during a deal?
If redaction is your answer, you’re not alone.
We hear from dealmakers every day about the pain that they have in redacting client documents, how long it takes, how boring and repetitive it is.
But also how crucial it is. You don't want to risk the reputation of your firm, or that of your client, if something is missed.
That’s why Ansarada Deals has launched a powerful in-built bulk-AI redaction tool designed to bring order to the chaos of redacting multiple documents during a deal.
The redaction tool is also available in the Ansarada Procure Platform, where sensitive tender bidder submissions can easily be redacted in bulk without ever leaving the platform. This ensures that both document security and a consistent audit trail are easily maintained, enabling you to demonstrate probity and provide all involved parties with the sense of integrity required for a complex tendering process.
The broader adoption and use of technologies, including those powered by AI, will be a key driver for the legal industry as it moves to boost efficiency, reduce risk and cost, and manage processes much more productively.
Redaction is the latest in a suite of AI-powered deal tools that can enable the most secure and efficient legal due diligence process. Others include the Bidder Engagement Score, an AI algorithm that can predict bidder outcomes with near perfect accuracy by day 7 of a transaction, and Smart Sort, an in-built AI tool that reduces deal preparation time by automatically sorting your documents as they are uploaded to the Data Room.
This secure-by-default approach is designed to ensure your information is always safe, and always under your control. Ansarada’s redaction tool takes this even further, allowing you to scrutinize which information is revealed across individual documents, and ensuring your most private data is only revealed to who you want, when you want.
If redaction is your answer, you’re not alone.
We hear from dealmakers every day about the pain that they have in redacting client documents, how long it takes, how boring and repetitive it is.
But also how crucial it is. You don't want to risk the reputation of your firm, or that of your client, if something is missed.
That’s why Ansarada Deals has launched a powerful in-built bulk-AI redaction tool designed to bring order to the chaos of redacting multiple documents during a deal.
Some of the key benefits:
- Redact 500+ documents simultaneously
- Elect 30+ customizable search terms to redact at once. There's no limit to how many search terms you can use in your room.
- Automated PII and AI pattern recognition
- Best-in-class OCR and AI that begins scanning your documents as soon as they are in your document index, not just when you’re ready to redact
- Preview, modify and confirm suggested automated redaction edits
- Choose whether to save over your original files, or make new copies
- Receive an excel report detailing the redaction edits that were made
- Un-redaction is as simple and quick as unticking a box
The redaction tool is also available in the Ansarada Procure Platform, where sensitive tender bidder submissions can easily be redacted in bulk without ever leaving the platform. This ensures that both document security and a consistent audit trail are easily maintained, enabling you to demonstrate probity and provide all involved parties with the sense of integrity required for a complex tendering process.
Redaction in an evolving dealmaking landscape
The launch of Ansarada’s redaction technology could not come at a better time for lawyers and advisors, who are finding new and innovative ways to evolve amid the COVID-19 crisis, particularly when it comes to recapturing growth via M&A and immunizing themselves against future disruption.The broader adoption and use of technologies, including those powered by AI, will be a key driver for the legal industry as it moves to boost efficiency, reduce risk and cost, and manage processes much more productively.
Redaction is the latest in a suite of AI-powered deal tools that can enable the most secure and efficient legal due diligence process. Others include the Bidder Engagement Score, an AI algorithm that can predict bidder outcomes with near perfect accuracy by day 7 of a transaction, and Smart Sort, an in-built AI tool that reduces deal preparation time by automatically sorting your documents as they are uploaded to the Data Room.
Get the confidence that your clients’ information is safe and secure
Ansarada has maintained its reputation as the most secure Virtual Data Room provider by keeping 400,000 reputations safe for over 15 years and over the course of 35,000 transactions.This secure-by-default approach is designed to ensure your information is always safe, and always under your control. Ansarada’s redaction tool takes this even further, allowing you to scrutinize which information is revealed across individual documents, and ensuring your most private data is only revealed to who you want, when you want.
Try it out for free
Watch as hours are shaved off your deal admin and preparation time