FiscalNote Releases Sonar, Giving Legal and Policy Professionals Meaningful Insights Across Regulatory Data Sources

WASHINGTON, May 12, 2015 /PRNewswire-USNewswire/ -- FiscalNote today announced the release of the company's newest product, Sonar. Using data-driven analytics on proposed and implemented regulations, Sonar helps organizations improve efficiency, effectiveness, and influence surrounding regulatory activity and the rulemaking process.

"From aggregating all relevant documents on a docket to analyzing comments for stakeholders and coalitions, Sonar will redefine the regulatory information space," said Tim Hwang, Founder and CEO of FiscalNote.

Built for policy and legal professionals who need a single, holistic view into federal regulatory activity, Sonar's searching, tracking, and analysis capabilities provide users with instant access to meaningful insights across regulatory data sources as regulations move through the rulemaking process. Coupled with data visualizations of comment clustering, users can gain a deeper understanding of public sentiment.

"The insights gained from sentiment analysis of comments will be a powerful tool for those engaged in the regulatory process. Sonar users are now able to leverage these powerful analytics to quickly and accurately delve deeper into comment review," commented Hwang.

Sonar provides a solution to the issues faced by many government relations professionals. These issues include the challenge of working with disparate regulatory data sources, the arduous process of finding regulations of interest, reporting and collaborating effectively, and the most difficult – determining the timeline of a regulation's passage and identifying sections that are likely to be adjusted based on submitted comments.

The product's sophisticated comment analytics layer helps users effortlessly determine who is commenting about a proposed rule, the overall sentiment expressed, and how likely such comments are to affect the process – based on the commenters' industry market share, general gravitas, and other relevant data points.

Sonar brings to the regulatory space the same combination of data mining, artificial intelligence, and exceptional design employed in FiscalNote's legislative analytics product, Prophecy.

"As we built and launched Prophecy in the legislative space, we kept hearing our customers ask us to extend our analytics and design capability to their work in regulations," Hwang said.

Sonar is now available, with existing FiscalNote customers already using the service.

"Our mission at FiscalNote is to build revolutionary products that will become the next generation of legal software. We fundamentally believe that the future of legal software will not only be fully integrated across all legal datasets – legislation, regulations, case law, and international law – but will contain powerful analytics and workflow tools to collaborate and draw unique insights into industries," Hwang added.

About FiscalNote

Founded in 2013, FiscalNote aims to unlock open data and make it useful across industries by leveraging cutting-edge artificial intelligence and beautiful design to connect organizations to the information they need.

The company's first product, Prophecy, is real-time online platform that tracks, monitors, and predicts the outcome of state and federal legislation. By aggregating and presenting the many different pieces of legislative data from across the country onto its online platform, Prophecy provides the tools for effective and efficient decision-making.

FiscalNote is backed by Renren, Mark Cuban, NEA, Jerry Yang's AME Cloud Ventures, First Round Capital's Dorm Room Fund, and Series A lead investor Visionnaire Ventures.

CONTACT: Amy Plumley, 888-567-2961, [email protected]

SOURCE FiscalNote

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