Introducing a powerful Luminance alternative

Is Luminance right for you?

If your goal is simply to store contracts, sign existing ones, get a basic risk analysis, Luminance can do that for you.

However, if you require a more comprehensive CLM/CMS solution that allows you to review and analyze contracts, draft or edit them, or handle contracts in various languages, Luminance may not fully meet your requirements.

Let’s look at what’s missing and why should you bother -

‍Contract Summary - You still need to go through the entire contract line by line, every time you draft or get one to review. There’s no way to understand contracts quickly and avoid reading 20-30 pages for every contract you get.

Contract Risk Analysis - No contract is perfect, and if you sign contracts without analyzing the risks involved, it certainly won’t have a fairy tale ending. Luminance lacks the functionality to show your contract’s potential risks or red flags. Which again leaves you alone to take care of the potential risks.

So you’ll have to hire a lawyer separately to review each contract for you, despite already paying for Luminance.

Multiple Language Support - Contracting happens worldwide, and you might often need to sign contracts with parties in other countries. With no way to handle contracts in other languages, You’ll have to rely on other country’s lawyers to review your contracts, not to mention that you’ll need to store, manage and handle those contracts in a different place now.

Bulk document upload - This is a feature that might not bother you at certain points but individuals or entities dealing with more that 10 contracts at a time may find it annoying, not being able to upload a folder/drive having multiple contracts. 

Editing Contracts - Once you’ve sent a contract to the other party, there’s no way to make changes to it when using Luminance. So if you end up sending a contract with any mistake or a risky clause or you need to change a term as per negotiation, you’ll have to mark that contract as void, make a copy of the contract, change it there and then send it again.

Imagine doing this every time there’s a change in the contract.

When you consider all these factors, it gets clear that Luminance at the moment is far from being called a complete CLM solution for now.