Neota Logic to Develop AI-driven Contract Automation Solution for Wesfarmers Limited

Neota Logic to Develop AI-driven Contract Automation Solution for Wesfarmers Limited

Contract Creation Consistency and Efficiency Gains Expected

 

Melbourne, Australia – 5th September 2017—Neota Logic, creator of a leading artificial intelligence (AI)-driven platform for the intelligent automation of expertise, workflow and documents, today announced that it has entered into an agreement with Wesfarmers Limited, one of Australia’s largest companies.

Neota Logic will automate Wesfarmers’ non-disclosure agreements (NDAs) using their PerfectNDA solution to reduce time and cost for the Wesfarmers legal team. Following this initial step, consideration will be given to applying the Neota Logic platform to other legal processes that may benefit from automation and provide the company and legal team with real savings in time and money while optimising deployment of legal resources.

“We are always looking for ways to enhance delivery of legal services and support to the businesses in the Wesfarmers Group,” said Maya vanden Driesen, Group General Counsel. “The Neota Logic team demonstrated clear benefits of applying the technology and we are looking forward to benefitting from the efficiencies that will result from using the software and reasoning engine.”

Julian Uebergang, Managing Director for Asia Pacific at Neota Logic added, “Our work with Wesfarmers represents our first corporate-side work in Australia and Asia, and we’re thrilled that the legal team has selected us to support them in delivering legal services to their many businesses in a more accessible, efficient and convenient way.”

About Neota Logic

Neota Logic delivers artificial intelligence software that makes doing business easier.  Our AI software platform and reasoning engine enable our clients to automate their expertise intelligently at internet scale through applications accessible 24/7, and to improve business decisions while reducing risks and costs. For more information, visit http://www.neotalogic.com.

About Wesfarmers

From its origins in 1914 as a Western Australian farmers’ cooperative, Wesfarmers has grown into one of Australia’s largest listed companies. With headquarters in Western Australia, its diverse business operations cover: supermarkets, liquor, hotels and convenience stores; home improvement; office supplies; department stores; and an industrials division with businesses in chemicals, energy and fertilisers, industrial and safety products and coal. Wesfarmers is one of Australia’s largest private sector employers with around 220,000 employees and has a shareholder base of approximately 530,000. Find out more at http://www.wesfarmers.com.au

 

Press contact
Prue Bastin
Neota Logic
Level 8, 50 Queen Street, Melbourne VIC 3000
Tel: +61 401 291 889
bastin@neotalogic.com

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