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iSEE Store Innovations Releases ‘The State of Beer Caves’ Report

The free report includes insights from retailers, analysts and more

iSEE Store Innovations Releases ‘The State of Beer Caves’ Report
iSEE State of Beer Caves Report

The State of Beer Caves Report from iSEE Store Innovations

Leading retail merchandising display company iSEE Store Innovations has released a detailed report documenting the challenges and opportunities of beer caves in the convenience channel. The free “State of Beer Caves” report was authored by iSEE’s marketing director and long-time convenience industry journalist Melissa Vonder Haar. It contains over 20 pages worth of data and insights from major convenience retailers, analysts and alcohol sector experts.

“Beer caves present a huge opportunity for both retailers and their supplier partners,” said iSEE’s founding partner and CEO Joe Vonder Haar. “But data, information, best practices on caves? That’s hard to come by.”

One key source of data leveraged in the report comes from a beer cave study completed by the Bump Williams Consulting (BWC) Company. Williams, a leading alcohol and beverage consultant and CEO of BWC, estimated roughly 20% of convenience stores in the United States have beer caves.

“I wish more convenience stores had the beer caves,” said Williams, noting that caves drive traffic and profits at impressive rates. “And I think consumers wish that more of their convenience stores had those beer caves, too.”

Topics examined in the report include:

  • The financial costs and benefits of beer caves
  • First-hand retail accounts
  • Challenges to beer cave success
  • What’s next for beer caves

“It started as an internal investigation into caves,” Joe Vonder Haar said of the report. “But we realized this information could provide real value to our retail and supplier partners. It’s a first for us: this isn’t about iSEE’s products or solutions, it’s about sharing knowledge. Hopefully, this is the first step in leveraging a great opportunity for our industry.”

The “State of Beer Caves” report can be downloaded for free at iseeinnovation.com/beercaves

About iSEE Store Innovations LLC

iSEE Store Innovations is a global design and manufacturing team that loves to solve retail merchandising space challenges. The company was founded in 2010 and started with the premise that innovating solutions for the challenging convenience channel ultimately delivers the best solutions for all channels. www.iseeinnovation.com

Contact Information:
Melissa Vonder Haar
Marketing Director
[email protected]
314-306-1980


Original Source: iSEE Store Innovations Releases 'The State of Beer Caves' Report

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Lexion Launches Stand-Alone Version of ‘AI Contract Assist,’ Expanding Gen-AI Powered Contract Review to a Broader Audience

Today Lexion, the AI-powered contract management and operations workflow platform, introduced a new stand-alone suite of tools to transform the way businesses manage contracts. AI Contract Assist substantially reduces the time legal professionals spend on repetitive contract review and management tasks, and accelerates redlining and drafting with a GPT-powered legal copilot that puts the power of generative AI inside Microsoft Word.

Initially launched in 2022, Lexion’s AI Contract Assist was the first GenAI-driven legal tech software available in the market. While these features were previously available to users of Lexion's end-to-end CLM platform, they are now available to anybody who deals with contracts.

AI Contract Assist offers four distinct contracting features:

  • Review: Accelerates contract review by checking your contracts against predefined rules and playbooks. AI Contract Assist comes pre-loaded with five industry standard playbooks for common contract types, which can be easily edited, or new rules can be added from scratch. AI Contract Assist flags contract language that needs your attention and suggests redlines to bring it back into compliance.
  • Ask: AI Contract Assist allows you to ask questions – in colloquial language – and get detailed, customized answers specifically relating to your contracts.
  • Modify: AI Contract Assist generates redline recommendations based on your requests, to any language you select.
  • Add: AI Contract Assist generates new clauses from scratch, so you never have to start from a blank page again.

AI Contract Assist was specifically designed to address the most prominent pain points identified by hundreds of legal professionals in Lexion’s recent ‘The Current State of Legal Tech’ survey. Half or more of respondents indicated that ‘removing repetitive tasks,’ ‘completing work more quickly and efficiently,’ and ‘improving work product consistency’ are specific benefits that legal departments expect from using AI software going forward. AI Contract Assist’s features deliver against all three areas.

“Our team of attorneys and contract managers used to spend too much time on trivial tasks,” said Vi Duong, Vice President of Legal at Adswerve, Inc. “Lexion’s AI Contract Assist is leading the curve in terms of cutting-edge AI innovation; it’s head-and-shoulders above other platforms because it meets our attorneys and contract managers where they are today, using tools that they’re already familiar with. By integrating seamlessly into Microsoft Word, the learning curve is negligible while the time it saves us on tasks related to contract review is substantial.”

“We regularly engage with thousands of attorneys who work in dozens of different industries, from retail to healthcare to biotech,” said Emad Elwany, CTO and co-founder, Lexion. “Yet they all share common complaints when it comes to contract review. AI Contract Assist alleviates these pain points by handling many of the tasks typically assigned to junior legal professionals. Leveraging Lexion’s award-winning AI, AI Contract Assist is a significant advancement that frees up legal professionals to focus on higher-level tasks while still negotiating the best contracts in a fraction of the time – and we’re thrilled to make it available as a stand-alone.”

In addition to making AI-powered contract review available to more legal professionals, Lexion’s stand-alone AI Contract Assist also offers an easy path to incorporate the full power of Lexion’s CLM later, should they need a platform to handle end-to-end contracting.

To learn more about AI Contract Assist, please visit this URL.

About Lexion:

Lexion is a powerfully simple operations workflow platform that helps every team do more faster, by streamlining and centralizing the contracting process in a system that works the way you do. We built Lexion at Paul Allen’s artificial intelligence research institute, with an experienced team from Microsoft, Facebook, Google, and Amazon. Top AI investors (including A16Z, Sequoia, and Goldman Sachs) voted Lexion as one of the top 40 Intelligent Applications to watch in 2022. Most importantly, fantastic brands trust Lexion to help them close deals faster, such as Outreach, OfferUp, FOX Factory, and many more. Visit https://lexion.ai for more information.

Contact Information:
Forrest Carman
[email protected]
206-859-3118
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Original Source: Lexion Launches Stand-Alone Version of ‘AI Contract Assist,’ Expanding Gen-AI Powered Contract Review to a Broader Audience

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