AI case study

IDEXX LaboratoriesContract risk analysis

Finding sanctions exposure meant manually reviewing 20,000 contracts. AI instantly mapped the risk and now flags issues in new agreements.

Published|8 months ago

Key results

Issue Identification Time
30 secs
Analysis of 20k Contracts
20 mins
vs two weeks manually

Result highlights

Unlock 2 result highlights

The story

Context

A global manufacturing company with 11,000 employees manages a complex supply chain requiring legal oversight of tens of thousands of active contracts.

Challenge

The sudden introduction of international sanctions in March 2022 required immediate identification of risk exposure across the supply chain. Manually...

Solution
Unlock full story

Quotes

Unlock 1 more quote

The company

IDEXX Laboratories logo

IDEXX Laboratories

idexx.com

Veterinary diagnostic products, software, and laboratory services for animal health.

IndustryPharmaceuticals & Biotech
LocationWestbrook, ME, USA
Employees10K-50K
Founded1983

The vendor

Luminance logo

Luminance

luminance.com

AI platform for legal contract intelligence and document analysis.

IndustrySoftware & Platforms
LocationLondon, England, UK
Employees251-1K
Founded2015

Use case

IDEXX Laboratories's Contract risk analysis is part of this use case:

Contract Analysis
35 case studies(+189% YoY)
Proven impact?
LowModerateVery Strong
5.2Strong
5.5Strongwithin Legal & Compliance

Similar Case Studies

Related implementations across industries and use cases

35 AI case studies in Contract Analysis

88 AI case studies in Pharmaceuticals & Biotech

128 AI case studies in Legal & Compliance