The company has launched a new version of Axcelerate 5, its cloud-based eDiscovery platform, which adds business intelligence to eDiscovery. The new product provides a level of interactivity giving  total visibility into the time, cost and quality of document review. '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.'

Business insights

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. The software allows users to:

•Closely monitor review progress for better budgeting and time estimation

•Explore individual reviewer productivity on a granular level, to guide staffing decisions

•Analyse tagging activity, history and trends to identify patterns that emerge over time

•Scrutinise 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 optimise efforts

•Easily revisit all review activity within discrete data sets, for deeper case insight.