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ThoughtTrace Provides Free Access to Contract Analysis Software that Uncovers Business Implications of COVID-19

Mar 31, 2020 Press Releases

HOUSTON March 31, 2020 [PRNewswire] — Today, ThoughtTrace, Inc. announced an innovative solution to help companies affected by COVID-19 gain perspective on their unique situation and economic implications triggered by this pandemic. ThoughtTrace will provide free access to their AI-Powered Document Intelligence Software, giving teams the ability to immediately find the most important contractual elements for understanding their coverage, risk exposure, and maximum resulting liability. The ThoughtTrace Platform combines intuitive document management with contract analytics and powerful contextual search to discover critical contract data in seconds, condensing weeks of work down to minutes.

The vital role contracts play in immediate and long-term Coronavirus response

As organizations are hit by the economic disruption triggered by COVID-19, they must evaluate their contract rights so they can assess risk, formulate legal strategies, and update operational plans. With a range of outcomes being possible, they must quickly find specific language in contracts to determine applicability. However, it is extremely difficult and expensive to find these high impact contract clauses with arduous manual review, even when documents are organized in a traditional document management system…

 

 

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