#Japan #Tokyo #contract management #LIRIS CLM #commenting feature

LIRIS CLM's New Commenting Feature

LIRIS Corporation, headquartered in Minato, Tokyo, has made significant strides in contract management with the introduction of a new commenting feature for its platform, LIRIS Contract Lifecycle Management (LIRIS CLM). This upgrade addresses various user requests aimed at improving collaboration during the contract review process.

Meeting User Needs

Several clients had expressed a desire for a more streamlined method of communication in contract reviews, leading to the development of this feature. Users highlighted the need for functionalities such as:

• - Selective commenting: Legal team members can discuss contracts while restricting visibility to other departments.
• - Threaded commenting: Team members can comment on specific clauses, with their discussions linked to those particular sections for better tracking.
• - Comment type regulation: There is a need to prevent accidental sharing of internal comments with external parties, and this feature resolves that concern.

The aim of this enhancement is to reduce the burden of communication linked to contract management and to facilitate the accumulation of information within the LIRIS CLM platform.

Functional Capabilities

The new commenting feature offers several valuable capabilities:

• - Controlled Access: Users can define who can view and post comments on contracts. Only selected members, such as those in the legal department, can interact within certain restrictions.
• - Clause-Specific Comments: In addition to commenting on the document as a whole, users can comment on specific text or clauses, improving clarity and focus.
• - Manage Internal vs External Comments: Users can toggle between internal and external comments based on their intended audience, reducing the risk of mishaps.
• - Automated Extraction: Comments from Word documents can automatically be extracted and displayed as comments within LIRIS CLM, ensuring consistency.
• - Direct Integration with Word: Users can directly open Word from the LIRIS CLM interface to add comments, streamlining the process.
• - Threaded Management: The system now organizes comments in a clear thread format, with replies nested under parent comments, enhancing clarity in discussions.

Practical Applications

These new features make LIRIS CLM especially beneficial in various scenarios:

• - If the legal department needs to collaborate on contracts that other business units can also access, they can secure their discussions just to the legal team.
• - For teams wanting to keep a detailed historical view of discussions on specific clauses, enabling thorough review and accountability.
• - To prevent the dissemination of internal comments to external partners, ensuring confidentiality and professionalism in document handling.
• - By consolidating comments from both Word and LIRIS CLM, users minimize the risks of oversight and scattered information.
• - With comments managed in a threaded format, discussions become more coherent and easy to navigate for all team members involved.

Access and Availability

For existing subscribers of LIRIS CLM, there are no additional costs or changes needed to access these new functionalities — they are available as part of the current subscription. Interested parties can reach out to LIRIS for more information and assistance.

You can find further details about LIRIS CLM and its capabilities through the following link: LIRIS CLM Details.

Overview of LIRIS CLM

LIRIS CLM serves as a comprehensive platform for managing the entire lifecycle of contractual agreements — from drafting, requesting, approving, signing, to managing and analyzing contracts. It enhances efficiency in contract workflows, and its AI features automatically extract contract information while visualizing and analyzing contract data for improved governance and decision-making, thereby supporting business growth.

About LIRIS Corporation

Founded by Hideyuki Suzuki, LIRIS Corporation is based in Nishi-Shinbashi, Minato, Tokyo. The company focuses on developing digital transformation and AI services. For inquiries about LIRIS and its offerings, please visit their website at LIRIS Corporate Site.

For further inquiries regarding this update, please contact LIRIS Corporation’s public relations team through this link.