Overview
The LinkSquares Risk Scoring Agent uses customizable risk criteria to identify and flag language in pre-signature and post-signature agreements in Finalize and Analyze.
Risk Scoring provides quick results when otherwise manually reviewing large amounts of data.
Process
LinkSquares AI Risk criteria is established based on three key components for analysis:
- Name: A succinct but descriptive title.
- Definition: A brief description of the language that the AI should flag.
- Weight: A numerical value indicating the level of risk (A higher value indicates a greater level of risk).
LinkSquares’ AI uses all three pieces of information in the analysis process.
For best results, each risk criterion should be as specific as possible (i.e., rather than creating a single risk that encompasses several risk factors).
Risk Criteria are applied using both Agreement Types and Tags. Each Risk must have an Agreement Type associated with it. Tags can be applied to further refine the scope of the Risk Criteria. Agreements that are outside of the Agreement Type criteria will result in an error message. To resolve, add the Risk criteria to the specific agreement type.
Roles and Permissions
Risk Scoring has two Role Permission sets to choose.
Administrator: Create and edit risk criteria, run risk scores.
Member: Ability to run risk scores.
All other users not assigned the two roles above will be able to view results at the agreement level only.
Roles are assigned by an account Administrator through the 'Manage Users' section.
Setting up the Risk Scoring Agent
The Risk Scoring Agent relies on two essential components:
- Risk criteria
- User permissions
Create Risk Criteria by navigating to the Risk Areas and clicking Add Risk.
The Risk criteria, agreement type must be setup first, or it will result in an error.
Risk Criteria include three components:
- Name: A succinct but descriptive title.
- Definition: A brief description of the language that the AI should flag.
- Weight: A numerical value based on the sliding value that represents the magnitude of risk (a higher number represents a higher risk).
- The Risk creation page will open: Fill out all fields to ensure accurate results.
Reminder: Each Risk must have an Agreement Type applied.
Tags may be used to further narrow the scope in which the Risk is applied.
Risk Criteria set up under the Risk platform will apply to both Analyze and Finalize risk scores.
The Risk Criteria that is setup will be reflected on the Reports page.
Finalize Agreement Page
In Finalize, the Risk Agent may be activated by clicking the Risk button. Once chosen, the analysis will run for several seconds with displayed results in the Risk pane when complete.
Note:
Agreement type must be applied to the agreement in Finalize, based on the Agreement type selections chosen in the Risk platform.
The Risk score feature is located on the row of icon boxes below the Agreement.
Once chosen the feature will process.
A detailed report with the Risk Score will be generated and be available for download under the applicable agreement version.