SOURCE: Recommind

Recommind

January 29, 2015 08:00 ET

Recommind Adds Enterprise-Grade Business Intelligence to Industry-Leading eDiscovery Platform

Axcelerate 5: Power, Simplicity and Now, Visibility

SAN FRANCISCO, CA--(Marketwired - Jan 29, 2015) - Recommind, a leader in information intelligence, today announced the newest version of Axcelerate 5, its pioneering cloud-based eDiscovery platform. Axcelerate 5 now brings enterprise-grade business intelligence to eDiscovery, with dynamic interactivity that provides total visibility into the time, cost and quality of document review.

Legal departments increasingly need to operate as true business entities, balancing risk with cost while managing sound legal strategies. Outside counsel needs to provide optimized discovery services that balance their clients' needs with their own bottom lines. All of this requires real-time information about discovery productivity, processes and efficiency.

By combining eDiscovery data with other organizational data, now legal strategists can make intelligent, defensible business decisions based on analytics, not intuition.

"eDiscovery isn't just a legal process. It's a business process," said David Horrigan, analyst and counsel at 451 Research. "A wide variety of industries, from financial services to retail, use business intelligence to balance risk against cost. It's great to see an eDiscovery vendor bringing enterprise-grade business intelligence functionality to our legal process, taking this level of interactivity and flexibility other industries have been leveraging for some time, and bringing it to eDiscovery."

Axcelerate 5 transformed eDiscovery with its powerful machine learning analytics and consumer-grade user experience. The latest version now uses the same intuitive point-and-click interface to deliver business insights about everything from project expenses to staffing levels, personnel performance, resource allocation and second-pass review. Users can see historical patterns and correlations through charts, and can even quickly build and share their own custom dashboards.

Business Intelligence Overview
Axcelerate 5 comes equipped with preconfigured "Sheets" -- dynamic dashboards that can be quickly adjusted to specific criteria as desired. Sheets can be easily copied, edited and saved for customized intelligence with a range of visualizations. Though user-customized Sheets are private by default, they can be easily shared without requiring export to PDF or other static formats. The dynamic, configurable nature of Axcelerate 5's Business Intelligence Sheets enables case managers to:

  • Closely monitor review progress for better budgeting and time estimation
  • Explore individual reviewer productivity on a granular level, to guide staffing decisions
  • Analyze tagging activity, history and trends to identify patterns that emerge over time
  • Scrutinize tagging decisions across team members and document types for greater accuracy
  • Compare bulk vs. single tagging results to help define best practices
  • Investigate where, when and how critical documents are being found, to optimize efforts
  • Easily revisit all review activity within discrete data sets, for deeper case insight.

"Recommind's platform continues to evolve with functionality that sophisticated users truly value," said David Stanton, Partner and eDiscovery and Information Law Team Leader at Pillsbury Winthrop Shaw Pittman LLP. "Business Intelligence in Axcelerate 5 provides visibility that will be immediately useful to anyone involved in large reviews. It's flexible and easily configurable as well as visually engaging." 

"This is the dawn of a new era of business intelligence for the eDiscovery industry," said Bob Tennant, CEO of Recommind. "Until now, eDiscovery BI has been static and could only be customized by vendors or consultants. Now, the power lies in the user's hands, through real-time, interactive views that the user can edit and customize with ease. It's a leap forward for the industry. Once teams try it, they don't want to go back."

The latest version of Axcelerate 5 is available to new and existing customers as an On-Demand, On-Premise or Private Cloud/SaaS solution.

About Recommind, Inc.
Recommind is a leader in information intelligence, delivering breakthrough software applications that harness the power of information to solve concrete business problems. Recommind customers include AstraZeneca, BMW, Cisco, Clifford Chance, Marathon Oil, Morgan Lewis, the U.S. Securities and Exchange Commission (SEC), Swiss Re, the U.S. Department of Energy (DOE), White & Case and WilmerHale. Recommind is headquartered in San Francisco and has offices in New York, Boston, London, Sydney and Bonn, Germany. For more information go to www.recommind.com.