How to Reduce Contract Review Time in Legal Teams with eZintegrations

Arun Thakur

Software Engineer

## TL;DR
Reducing contract review time is **critical for legal teams**. According to **Gartner**, efficient contract review can save companies up to **30% of legal costs**.

This blog explores the challenges of manual contract review, how **AI-powered solutions** can transform the process, and how **eZintegrations** helps legal teams reduce contract review time by up to **90%**.

## Introduction
Contract review is often one of the most **time-consuming tasks** for legal departments.

As per **McKinsey Research**, the average contract review takes up to **2 hours per contract**, leading to delays in decision-making, increased costs, and overworked legal teams.

With **AI document understanding platforms** like **eZintegrations**, legal teams can automate repetitive tasks, extract relevant information instantly, and streamline the contract lifecycle.

## Challenges of Contract Review
– Manual review of contracts: slow, repetitive, and prone to errors
– Difficulty in extracting relevant information from contracts
– Inability to track changes and updates across multiple revisions
– High legal costs due to reliance on manual processes

## Solutions with eZintegrations
– Automated contract review: reduces review time by up to 90%
– AI-powered contract analysis: extracts relevant clauses and risks with high accuracy
– Contract management software: tracks changes and updates in real time

## Step-by-Step Guide: Reducing Contract Review Time
– Step 1: Upload contracts to the eZintegrations platform
– Step 2: Use AI-powered analysis to extract key details
– Step 3: Review and approve contracts using automated review
– Step 4: Track changes and updates with contract management tools

## Benefits of eZintegrations for Legal Teams
– Reduced contract review time
– Improved accuracy and efficiency
– Lower legal costs
– Enhanced collaboration and communication
– Better contract management and tracking

## Conclusion
For legal teams, **time is money**. Reducing contract review time not only cuts legal costs but also accelerates business decision-making.

By adopting **eZintegrations**, legal teams gain an **AI-driven solution** that streamlines review, improves accuracy, and enables real-time contract tracking.

[Sign up for a demo](https://www.ezintegrations.com/demo?utm_source=website&utm_medium=blog&utm_campaign=ai_document_understanding&utm_content=reducing-contract-review-time) to see how eZintegrations can help your team transform contract review.

## FAQ

**Q: What is contract review?**
– The process of reviewing and analyzing contracts to ensure they meet company standards and legal requirements.

**Q: How can eZintegrations help with contract review?**
– Through automated contract review, AI-powered data extraction, and contract management tools for tracking updates and changes.

**Q: What are the benefits of reducing contract review time?**
– Faster business decisions
– Lower legal costs
– Improved collaboration and communication
– Better contract management and tracking

**Q: How do I get started with eZintegrations?**
– [Sign up for a demo](https://www.ezintegrations.com/demo?utm_source=website&utm_medium=blog&utm_campaign=ai_document_understanding&utm_content=reducing-contract-review-time) to explore its features.