Contract management · Production

IDEXX uses Luminance to analyze 20,000 contracts for sanctions exposure in 20 minutes

The problem

Following the sudden introduction of sanctions in March 2022, IDEXX needed to identify all exposure to sanctioned entities across contracts spanning their global supply chain — a task estimated to take over two weeks if done manually.

Workflow diagram · grounded in source
1
Sanctions trigger contract review
trigger
“Following the sudden introduction of sanctions in March 2022, IDEXX used Luminance to analyze 20,000 contracts across their supply chain”
2
AI repository analyzes contracts
ai_action
“Luminance's AI-powered repository which instantly analyses key data points of executed contracts, allowing the team to gain greater insight into their contractual landscape. Luminance automatically highlights 1,000 key information out-of…”
3
First-pass risk analysis
ai_action
“IDEXX also uses Luminance to perform a first pass review of all incoming contracts, providing a risk analysis of which clauses are acceptable, non-standard and risky, all within Microsoft Word”
4
Suggested fallback positions output
output
“suggested precedent and fallback positions are available at all times via the sidebar and can be inserted with a click”
Reported outcome

IDEXX analyzed 20,000 contracts in 20 minutes, identified all exposure to Russian sanctions, and largely automated standardized high-volume tasks such as reviewing NDAs.

Reported metrics
Contracts analyzed20,000 contracts in 20 minutes
Manual time estimate for same taskover two weeks manually
Time to identify issues in incoming contracts30 seconds
Reported stack
LuminanceMicrosoft Word
Source
https://www.luminance.com/customers/idexx/
Read source ↗

Frequently asked questions

What did this team achieve with this AI workflow?

IDEXX analyzed 20,000 contracts in 20 minutes, identified all exposure to Russian sanctions, and largely automated standardized high-volume tasks such as reviewing NDAs.

What tools did this team use?

Luminance, Microsoft Word.

What results were reported?

Contracts analyzed: 20,000 contracts in 20 minutes; Manual time estimate for same task: over two weeks manually; Time to identify issues in incoming contracts: 30 seconds (source-reported, not independently verified).

How is this contract management AI workflow structured?

Sanctions trigger contract review → AI repository analyzes contracts → First-pass risk analysis → Suggested fallback positions output.

Related contract management cases