Providing one-stop support for contract management operations in conjunction with “Money Forward Cloud Contract”

Money Forward, Inc. has started providing “Money Forward Cloud AI Contract Review,” which assists contract reviews with AI. The AI, supervised by lawyers, performs automated reviews to reduce contract risks and enhance operational efficiency in legal departments.

”Money Forward Cloud AI Contract Review” uses AI to automatically review contract content, making it easier to identify contract risks and deficiencies, thereby reducing the burden on legal personnel and improving operational efficiency. Companies lacking personnel with legal expertise and experience can conduct accurate and smooth contract reviews with AI support, reducing contract risks.

Additionally, by using this service in conjunction with “Money Forward Cloud Contract,” legal consultations and review operations during contract creation can be centrally managed, and communication between legal and business departments can also be recorded in chat format, in addition to AI reviews. Furthermore, by integrating with the “workflow function,” it enables smooth execution from post-review approval to electronic contracts, and automatically links concluded contract information with review history, making it easy to verify past agreement history during contract renewal.

This service is provided under OEM from Lisse Co., Ltd., which offers the AI contract review service “LeCHECK.”

For more details on this service, please visit:
URL:https://biz.moneyforward.com/contract/ai-review

■ Background of Service Launch
In recent years, the business environment surrounding companies has changed significantly due to globalization and digitalization, leading to diversified and complex contract content. Oversights or deficiencies in contract content can lead to management risks, making enhanced governance and risk management systems crucial for corporate management. Meanwhile, legal departments face chronic shortages of legal personnel and cost reduction pressures, necessitating the management of proprietary review knowledge and the construction of new operations utilizing technology.

Against this backdrop, we have launched “Money Forward Cloud AI Contract Review.” This service enables automatic review of contract documents, including identifying risk areas and proposing amendments to clauses, thereby enabling early detection and correction of contract risks. It also reduces the workload of legal personnel and allows them to focus more on core tasks.

■ Features of “Money Forward Cloud AI Contract Review”

1. Contract Risk Check Support by Lawyer-Supervised AI
The AI supervised by lawyers instantly identifies risk areas and displays examples of amended clauses and explanations. This not only improves efficiency but also enables legal personnel to advance their work while referring to explanations supervised by specialized lawyers, thus enhancing their skills and strengthening internal knowledge.

2. Risk Check Support Based on Company’s Review Standards
By pre-registering company contract templates, reviews can be conducted while comparing the differences between the AI’s review content and the company’s review standards on-screen, addressing key points highly specific to each industry and business type, or those set for individual business partners.

3. Document Comparison Between Different Files
By selecting the two documents for comparison from contracts uploaded to “Money Forward Cloud AI Contract Review,” registered company templates, or local contract files, the differences will be displayed on the web screen. It also supports comparisons between Word and PDF files, highlighting updated sections in contracts received from business partners in PDF format.

4. Smooth AI Review on Word Screen
The same review support features as the browser version of “Money Forward Cloud AI Contract Review” can be used directly within Word.*1 When combined with “Money Forward Cloud Contract,” AI contract review can be conducted seamlessly from the review screens of both legal and business departments.

*1 A Word add-in option contract is required for use.

■ Comments from Companies

Miki Fujita, President and Representative Director, Lisse Co., Ltd.
We are honored to provide our AI contract review service “LeCHECK” to Money Forward as OEM. Money Forward has been offering comprehensive support services for back-office operations, including accounting, finance, HR, and legal, through its corporate back office SaaS “Money Forward Cloud,” earning high trust from many companies. We are delighted to support a part of their comprehensive services with our technology.
Through this OEM provision, we will support the legal operations of more companies and contribute to improving operational efficiency and quality. We will continue to expand functionality and enhance convenience, further increasing the value provided to customers through Money Forward’s services.

Masashi Takagi, General Manager, Legal Solutions Department, Money Forward Business Company, Money Forward, Inc.
As contract management operations become increasingly complex, there is a growing demand for improved contract operations utilizing new technologies such as AI. We’re delighted to provide a one-stop contract management experience to more users by combining “Money Forward Cloud AI Contract Review,” which utilizes the high review technology Lisse has cultivated, with the contract management and electronic contract service “Money Forward Cloud Contract.” This will contribute to enhancing legal knowledge and risk management. We will continue to support users’ contract management operations more efficiently and safely through the use of the latest technology.

■ About “Money Forward Cloud Contract”
Money Forward Cloud Contract is a one-stop contract management service that covers the entire contract process. It manages a series of tasks on a single platform, from receiving legal consultations, creating contracts, recording review history, applying and approving via workflow, concluding contracts electronically or on paper, to searching and reusing documents after storage. It significantly reduces the cost of introducing services for each internal operation, the effort of integration, and the burden of contract management tasks, which are most labor-intensive for the legal department. Furthermore, by integrating contract data with Money Forward Cloud Accounts Payable and HRIS, it enhances the efficiency of back-office operations and corporate productivity.
URL:https://biz.moneyforward.com/contract/

■ About Lisse Co., Ltd.
Name: Lisse Co., Ltd.
Location: WeWork KANDA SQUARE, 2-2-1 Kanda Nishikicho, Chiyoda-ku, Tokyo
Representative: Miki Fujita, President and Representative Director
Establishment: June 2018
Business: Development and provision of AI contract review service “LeCHECK,” translation service “LeTRANSLATE,” and AI automatic contract management service “LeFILING”
URL: https://lisse-law.com/

■ About Money Forward, Inc.
Name: Money Forward, Inc.
Location: 21F Tamachi Station Tower S, 3-1-21 Shibaura, Minato-ku, Tokyo 108-0023
Representative: Yosuke Tsuji, Representative Director, President and Group CEO
Establishment: May 2012
Business: Platform services business
URL: https://corp.moneyforward.com/

*All company names and product/service names (including logos) are trademarks or registered trademarks of their respective owners.

For further information, please contact:
PR Division, Money Forward, Inc.
Email:pr@moneyforward.co.jp