24 September 2026 | London: Luminance, the global leader in Contract Intelligence for the enterprise, today announced that Cryptomathic, a Danish IT security company serving major financial institutions, has adopted Luminance’s Contract Intelligence Platform, turning its contract repository into a commercial resource the entire organization can use.
With a lean Legal, Risk & Compliance team supporting a contract-intensive business, Cryptomathic needed a more efficient way to make contractual information available across its organization. Its contracts often contain complex technical, commercial and service-level terms, with important information spread across master agreements, annexes, schedules and amendments, each updated independently as the relationship evolves.
Previously, answering questions about renewal dates, invoicing terms, liability positions, and customer obligations often required support from Legal. By adopting Luminance, Cryptomathic has given teams far beyond Legal, access to trusted Contract Intelligence. This includes Sales, Finance, Sales Operations and IT, enabling teams to find the information they need within the approved guardrails, only going to legal when something complex falls outside them.
Luminance’s impact for Cryptomathic was immediate:
● Contract Intelligence is now a self-service asset: business teams can ask Lumi questions in natural language and receive clear, evidence-backed responses.
● Reduce routine enquiries directed to Legal, freeing the team to focus on higher-value work. ● Improve visibility into renewal dates, PO terms, invoicing requirements and contractual obligations. ● Cryptomathic now negotiates from an enhanced position of strength, with the confidence to push back when needed and a clearer view of its shortest contractual response times.
Each function draws on the Repository according to its needs. IT checks response times and obligations for updates and releases, Finance tracks invoicing terms and license types, Sales Operations monitor renewal dates and PO terms and Legal uses Luminance to examine liability and indemnification.
“Before Luminance, Legal was the single point of contact for anything contract related,” said Peter Istrup, General Counsel and Vice president at Cryptomathic. “Now, business teams can find the answers themselves, and the questions do not have to go through Legal. That has completely changed how my team spends its time.”
Beyond day-to-day activity, Luminance has also helped Cryptomathic strengthen its commercial understanding of its contract portfolio. With varying commercial terms across Cryptomathic’s customer base, its Chief Revenue Officer can now generate reports giving granular visibility into those terms and surfacing growth opportunities within existing accounts that may previously have gone unnoticed.
“Luminance improves the quality of commercial decisions by providing a full picture of our contract portfolio – from pricing and liability to obligations and response time. Our commercial teams are now negotiating from a position of evidence, not guesswork,” said Istrup.
For Cryptomathic, speed to value and ease of adoption were important factors in selecting Luminance. The business has been able to upload its existing contracts and begin asking questions without a lengthy tagging or structuring exercise. Luminance’s document-volume-based commercial model also enabled Cryptomathic to extend access across the business, without adding licensing costs for every new user.
“With a lot of vendors, you spend weeks tagging and structuring contracts before the AI can even use them. With Luminance, we uploaded what we had to the Repository and started getting answers straight away,” Istrup continued.
“Cryptomathic exemplifies what becomes possible when contract intelligence is made accessible across the enterprise,” said Eleanor Lightbody, CEO of Luminance. “By giving Finance, Sales Operations, and IT access to trusted Contract Intelligence within the right controls, Cryptomathic is enabling its team to make decisions with great confidence, while enabling Legal to focus on work where its enterprise has the greatest impact.”
About Cryptomathic:
Cryptomathic is a global software company trusted by some of the world’s leading organizations in financial services, banking, semiconductors, manufacturing, energy and governments. With over 35 years’ experience, it provides best of breed security solutions for eSigning, Mobile App Security, Payment Card Management and Key Management. To find out more about Cryptomathic, visit Cryptomathic.com.
About Luminance:
Luminance is the Contract Intelligence platform that turns the language that defines a business into the intelligence it runs on. Born out of the University of Cambridge and purpose-built by AI, legal and technology experts, Luminance understands the history and context of every contract. It acts on that intelligence, proactively surfacing risk, flagging obligations, accelerating negotiations and driving action across Legal, Finance, Procurement, Sales and the wider business. It enables enterprises to learn from their contracts, while contracts learn from the enterprise, helping businesses make better decisions and move forward with confidence.
