Outlit
Outlit is an AI-powered contract management tool offering contract consolidation, risk analysis, and negotiation capabilities to reduce workload and costs.
Independent assessment across data handling, compliance, security and transparency.
Risk factors
3- Processes sensitive contract data which may include personal information.
- Data is likely stored in the cloud with third-party access.
- Requires user consent for data processing.
Recommendations
4- Require SOC 2 report and DPA before deployment
- Confirm no training on customer contracts
- Keep human-in-the-loop review for all outputs
- Scope access to contract repository minimally
Data handling
- Storage
- Not publicly documented
- Retention
- Not publicly documented
- Training on inputs
- Not publicly documented
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