Maigon.io is a leading international technology company that specializes in automating contract review using advanced artificial intelligence (AI) systems. Their state-of-the-art solutions offer an efficient and effective way to handle contracts of all types and sizes, enabling businesses and organizations to streamline their review processes and focus on more strategic tasks.
Maigon.io's solutions have contract type-specific AI review modules that integrate the latest deep learning technology, ensuring maximum accuracy and efficiency. They also recently integrated OpenAI's GPT-4, the most powerful language model to date, into their platform to provide unmatched compliance review experiences for their clients.
TLDR
Maigon.io is a tech company that offers cutting-edge AI solutions for contract review, with advanced review modules that integrate the latest deep learning tech. They recently integrated OpenAI's GPT-4 language model into their platform, making their compliance review processes unmatched in the market. Their solutions are tailored to different types of contracts, support over 50 languages, and offer customization options via their Playbook.
Maigon.io's solutions are always aligned with the latest legislative changes and offer quicker and more effective contract review processes, allowing businesses to focus on more strategic tasks. Interested parties can contact Maigon's product experts to explore solutions tailored to their needs.
Company Overview
Maigon.io is an international technology company that aims to automate contract review using artificial intelligence (AI). They provide efficient solutions for businesses and organizations of all sizes that automatically screen agreements, answer legal questions, and provide guidance for finalizing contracts in record time. Their advanced solutions include contract type-specific AI review modules that integrate the latest deep learning technology to ensure maximum accuracy and efficiency.
Maigon's products continuously add support for new contract types based on customer demand, and they recently announced the platform-wide integration of OpenAI's GPT-4, which is the most powerful and sophisticated language model to date, surpassing its predecessor, ChatGPT, in terms of performance across numerous tasks. This integration allows Maigon's proprietary AI models to provide an unmatched compliance review experience for clients.
Maigon's solutions are available out-of-the-box, with no pre-training required, and they do not rely on their clients to supply data to train their AI. Instead, Maigon manually collects and labels the datasets themselves.
Their solutions are always aligned with the latest legislative changes, and they help organizations add their own rules into standard solutions to address their review guidelines and practices. By providing review quality on par with top lawyers in a matter of minutes, Maigon helps businesses put more focus on strategic tasks rather than repetitive legal review routines. Maigon's solutions support over 50 languages, and bilingual contracts are also supported.
Additionally, they offer an on-premise option for clients to meet strict security standards.
Maigon provides solutions for medium and large businesses and organizations all over the world to make legal work less time-consuming and more resource-efficient. They help sales and procurement teams to close deals faster, automate repetitive review workflows and free up time for more value-driven work in-house, and deliver strategic legal advice while advanced AI is sifting through hundreds of pages for law firms. Contract platforms can provide richer insights for their users through API integration with Maigon's solutions.
Maigon partners and collaborates with leading international cloud infrastructure providers and scientific organizations to access best-in-class expertise and exchange of ideas, contributing to their constant growth and rapid evolution as a technology company. They have an international team of highly skilled developers, lawyers, and legal data engineers on a mission to automate contract review with the help of AI. Maigon's developers are qualified lawyers, which gives them a competitive edge and enables fast, efficient, and value-oriented development of high-quality legal AI solutions.
Disclaimer: Maigon's platform is provided as a service and for informational purposes only. This service does not constitute legal advice, nor does it establish any form of attorney-client relationship with their company.
While every effort is made to ensure that the information provided by this platform is accurate, it may contain errors or omissions for which Maigon disclaims any and all liability. All service features are subject to availability and may be changed at any time.
To get a hands-on preview of their solutions and guidance on how they can drastically improve contract review workflows, interested parties can contact Maigon's product experts to explore the best value proposition tailored to their business needs.
Features
Platform-wide integration of OpenAI's GPT-4
The most powerful language model to date
Maigon.io has announced the integration of OpenAI's GPT-4 into their platform, marking a significant leap forward in capabilities to provide clients with an unmatched compliance review experience. GPT-4, released on March 14, 2023, is the most powerful and sophisticated language model to date, surpassing its predecessor in terms of performance across numerous tasks. With the integration of GPT-4, Maigon's proprietary AI models can work synergistically to conduct a comprehensive review of DPAs with the highest standards of speed, accuracy, and consistency.
This integration enables Maigon to deliver the most precise compliance review services available in the market today.
User-friendly and seamless compliance review experience
Clients can now upload their DPAs and let AI take care of the compliance review process for them. The manual review of DPAs is not only tedious but also time-consuming as it requires a thorough understanding of the GDPR and its various provisions. With Maigon, users can streamline and scale the DPA review process with AI, saving them hours or even days to complete.
Maigon DPA is an AI tool that uses advanced natural language processing (NLP) and deep learning technology to automatically analyze DPAs and identify potential issues. The platform's user-friendly interface provides a comprehensive report within minutes, highlighting problematic clauses or areas of concern. Users can review the report summary or delve deep into specific sections of the DPA to make informed decisions about whether to sign or negotiate certain terms.
Efficient and accurate compliance review process
Maigon conducts the DPA review process in several steps, including an initial analysis to identify potential issues, a detailed examination of key clauses and provisions, and a final review to ensure accuracy and consistency. The integration of GPT-4 and other GPT-3 variants such as text-davinci-003 via the OpenAI API has further enhanced the compliance review process's accuracy and consistency. While GPT models offer remarkable power, Maigon primarily relies on its proprietary AI models trained on its meticulously hand-labeled data to conduct a comprehensive review of DPAs. This fusion of advanced AI technology with Maigon's in-house AI models enables the delivery of the most precise compliance review service, maintaining the highest standards of accuracy and performance for clients.
Improved Compliance Review Efficiency
90% Improved Efficiency
Maigon has partnered with Thommessen, one of the largest law firms in Norway, to offer Maigon DPA to clients via the Thommessen Flow portal. AI makes a DPA review up to 90% more efficient compared to manual review.
DPAs can be particularly challenging due to the complexity of the GDPR requirements that they must comply with. Reviewing a DPA manually involves carefully examining the entire document to ensure that it meets such requirements.
This process can be tedious and time-consuming, requiring a thorough understanding of the GDPR and its various provisions. Additionally, the length and complexity of DPAs can make the review process even more arduous, potentially taking several hours or even days to complete.
With Maigon's AI tool, the DPA review process is streamlined, and users can enjoy an improved compliance review efficiency and accuracy of the highest standard.
Standard and Playbook Solutions Available
Out-of-the-box solutions
Maigon's solutions are available out-of-the-box, providing users with valuable insights every time. A one-time contract review is easily attainable by uploading your contract and receiving a comprehensive compliance report in a few clicks. For larger volumes of contracts, users can contact Maigon to create a corporate account and start using the AI review modules right away, streamlining the contract review process with ease.
Customizable review guidelines with Playbook
Maigon's Playbook allows for more customization of contract review, adjusted to specific review guidelines, providing users with a more tailored review. The standard solution is designed to check for the most important compliance aspects and adherence to best practices. Whether users choose to use Playbook or the standard solution, Maigon provides valuable insights every time.
API Integration
Advanced AI insights into submitted agreements for compliance
The Maigon API is available to contract platform vendors and companies with internal contract review tools. The API is tailored to specific contract types and is designed to be both simple to use and comprehensive, delivering advanced AI insights into submitted agreements for compliance. The integration of GPT-4 through the OpenAI API, other GPT-3 variants, and Maigon's in-house AI models ensures that clients can deliver a comprehensive compliance review service of the highest standards of accuracy and performance.
FAQ
What solutions does Maigon.io provide for businesses and organizations?
Maigon.io provides efficient solutions for businesses and organizations of all sizes that automatically screen agreements, answer legal questions, and provide guidance for finalizing contracts in record time. They have contract type-specific AI review modules that integrate the latest deep learning technology to ensure maximum accuracy and efficiency across various types of contracts.
Maigon's solutions support over 50 languages, and bilingual contracts are also supported. Additionally, they offer an on-premise option for clients to meet strict security standards.
Does Maigon.io require pre-training of their AI solutions?
No, Maigon.io's solutions are available out-of-the-box, with no pre-training required, and they do not rely on their clients to supply data to train AI. Maigon manually collects and labels the datasets themselves to ensure accuracy and efficiency.
Are Maigon.io's solutions aligned with the latest legislative changes?
Yes, Maigon.io's solutions are always aligned with the latest legislative changes, and they help organizations add their own rules into standard solutions to address their review guidelines and practices. Maigon also continuously adds support for new contract types based on customer demand.
Is Maigon.io's AI review experience comparable to that of top lawyers?
Yes, Maigon.io's proprietary AI models provide a review quality on par with top lawyers in a matter of minutes, allowing businesses to put more focus on strategic tasks rather than repetitive legal review routines. Their advanced solutions also include compliance review modules that give clients unparalleled insights and extracted clauses on non-disclosure agreements.
How can interested parties explore Maigon.io's solutions?
Interested parties can contact Maigon's product experts to get a hands-on preview of their solutions and guidance on how they can drastically improve contract review workflows. Maigon's experts will explore the best value proposition tailored to their business needs.
