Electra by Lore Review - why 3 stars?

Electra by Lore Review
ITQlick Score: 82/100
ITQlick Rating:
Pricing: 4/10 - average cost
Category: AI: BI and Analytics -> Electra review
Ranking:Ranked 4 out of 9 AI: BI and Analytics systems
Company: Lore
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: Electra by Lore pricing, Electra by Lore alternatives
Shlomi LaviShlomi Lavi / updated: Apr 28, 2022

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What is Electra by Lore?

Electra by Lore is an intelligent document analysis software developed to manage contracts and analyze legal teams research. The software automatically manages contracts life cycle by automating the labeling of key clauses and terms and hastens the research process by automating the timely collection of documents.

Establishments use this software to achieve operational efficiency, access critical information, and maintain regulatory compliance. Some features of this software are; contract analysis, investment research, AI-powered search, and fast-learning AI. Electra by Lore was founded by Lore AI, a software company founded in 2016, currently based in Virginia, Washington DC, United States with an employee size of about 2-10 persons.

Who is it best for?

The typical customers include the following business size: Small, medium and large size businesses.

What is the actual cost?

ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Electra by Lore.

Pros

  • The software resolves queries and regulatory issues quickly
  • It can be tailored to suit the specific language requirements of organizations
  • Electra by Lore reduces noise through its AI research method
  • It analyses internal databases and public websites

How it stacks up?

Access a head to head analysis of Electra by Lore vs alternative software solutions.
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Frequently Asked Questions (FAQs)

Is it the best AI: BI and Analytics system?

Electra by Lore is ranked 4 out of 9 software in their category (AI: BI and Analytics systems).

How they are rated on ITQlick?

The rating of Electra by Lore is 3 stars out of 5 and the total score is 82 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Electra by Lore makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access Electra by Lore on your mobile/smart phone.

What should we ask during a demo session?

Differences between Electra by Lore and alternatives?

The most popular alternatives to Electra by Lore in 2023: Paxata, HIRO™, UBIX, iSeek.ai, Ayasdi. Access the complete competitors analysis here - Electra by Lore VS AI: BI and Analytics Software alternatives.

Is Electra by Lore right for you or your business?

The software suits users in small, medium, and large businesses. Generally, legal firms users into financial management, contract management, and property management will find this software useful for their activities. Some of the software customers are; BNP Paribas, Energy Capital Research Group, Devex, and Loreal.

List of categories

BI & Analytics
AI: BI and Analytics

List of features

BI & Analytics

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.