# LIBOR Transition Platform

> Source: https://bryter.com/use-cases/libor-transition-platform/

The repapering exercise resulting from Benchmark Reform is not only unprecedented in scale but will also affect everyone differently.

#### Background

With the discontinuation of IBOR from 2022 onwards, banks and other financial institutions are confronted with the challenge of reviewing, renegotiating and adjusting a huge number of documents containing contractual references to benchmarks, such as, LIBOR. While existing contract analysis software can be used for reviewing large document sets potentially affected by the LIBOR transition, the diversity and ambiguity of the language used in many legal documents presents challenges to an entirely unsupervised machine-driven process. As such, there is a need to curate, filter and refine the data from contract analysis software and often review the original documentation yourself. BRYTER [no-code app builder](https://bryter.com/applications/no-code-app-builder/) can help you with this, using gentle nudges in our system to capture the right data (in the right way), enabling you to triage it and then proceed to [document automation](https://bryter.com/applications/document-automation/) and [repapering](https://bryter.com/applications/repapering/) in a repeatable, seamless flow.

We can then go a bit further, allowing you to automate the painful outreach process, creating negotiation playbook with our [playbook software](https://bryter.com/applications/playbook-software/) to limit or eliminate friction for agreeing amendments, and updating that “golden source” of data as it evolves in real-time. Our smart integrations can then take over to pipe this data back into bank systems for immediate operationalisation.

To try BRYTER yourself, [request a personalized demo](https://bryter.com/get-demo/). Otherwise, find out more about [Legal Ops](https://bryter.com/trends/what-is-legal-operations/) and how our [GDPR software](https://bryter.com/trends/gdpr-compliance-software/) can help you ensure that the right processes are being applied and maintained across the organization.