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Conga CLM (formerly Conga Contracts, or Novatus) is a contract management software solution built around features such as contract creation, automated notifications, and approval and workflows.
HIGHLIGHTS • Includes an AI tailored for lawyers designed to reduce contract review time from 3 hours to 3 minutes. • Includes a gallery of contract playbooks and review guides
CAPABILITIES • Flags contract risks against any personalized review guidelines…
ContractKen is an AI copilot for contracts, designed to help lawyers in corporate legal teams and law firms draft, review and negotiate contracts more efficiently & rigorously while ensuring consistency with their organization standards.
Della offers contract analysis and review tools, to present lawyers an intuitive way to review contracts. Using proprietary AI, Della allows lawyers to ask questions a…
Aavenir Obligationflow enables organizations to have 360° visibility into enterprise-wide contractual obligations for customers, suppliers, service providers, sales partners, and other parties - using Artificial I…
ThoughtRiver, headquartered in Cambirdge, offers contract acceleration software to speed up contract decision making & provide better information to make decisions and evaluate.
Lexzur, formerly App4Legal, is a legal tech software editor offering configurable Legal Practice Management Software with Advanced Automation capabilities, Lexzur Core, and Complete Contract Lifecycle Management Software with Agile Document Automation features, Contra. Lexzur offers…
Kira, now from Litera (acquired August, 2021) is software that searches and analyzes contract text. Kira offers pre-built, machine learning models covering due diligence, general commercial, corporate organization, real estate and compliance. Using Kira Quick Study, anyone can train…
A contract analysis tool that leverages proprietary AI and machine learning to match highly negotiated clauses with alternate language.
Document Crunch is software used to quickly identify contract risk, standardize contract review and give construction teams a playbook to empower them with the knowledge required to leverage the contract for successful outcomes.
Gatekeeper is a Contract and Vendor Management Solution that brings visibility and transparency to contract and vendor sets, used to create a single source of truth with a central data repository, and to develop robust, scalable processes using automation.
Revnue is an AI-based, end-to-end contract management platform built to solve the most complex business challenges with contracts. The platform covers all stages of contract lifecycle management from Pre-Signature, Signature,…
The Lawgeex AI-powered platform automates and accelerates contracting, enabling legal teams to offload routine work and refocus on more strategic issues.
LexCheck is a legal technology company offering an AI-driven platform that accelerates business transactions by automatically reviewing and revising pre-execution contracts.
fynk is software used to automate the contract lifecycle with AI, allowing users to create, edit, review, approve, electronically sign, analyse and manage contracts from start to finish. fynk provides visibility, control and governance over a company's legal documents. A SaaS, fynk…
Zeal offers automated contract lifecycle management, helping clients take control of critical internal processes with its AI-backed platform. Zeal’s collaborative contract management system empowers companies to automate contract functions, analyze contrac…
ThoughtTrace is a Houston-based software company offering using Artificial Intelligence (AI) and machine learning to streamline categorization, review, and analysis of contracts and agreements. The cloud-based AI platform reads, interprets, and extracts critical provisions and data…
✅ Generate New Contrac…
An AI drafting and review tool powered by GPT-3, a legal contract analysis tool that uses GPT-4 and other large language models to review and suggest terms for contracts, right in Microsoft Word. Its "Spellbook Reviews" feature generates precise redlines, based on user instructions.…
BlackBoiler is a tool to markup contracts right in "Track Changes," according to a company's playbook.
BlackBoiler learns from a customer’s playbook or how each customer has marked-up past contracts to create client-specific editing models to make company-specific revisions in "Track Changes" to previously unseen documents. By using a company’s playbook and its standards and terms, BlackBoiler standardizes the contract review and markup process, no matter who and where it is being negotiated - as a result, reducing risk. According to the vendor it grows smarter and increases efficiency with each additional use, cutting contract review time by more t…
Casetext is an online legal research database. For exploring the database, Casetext offers CoCounsel, an AI virtual assistant that does document review, legal research memos, deposition preparation, and can perform contract analysis. CoCounsel identifies critical documents in contract…
Summize supports digital contracting with a CLM solution that puts the user experience first. It embeds workflows directly into existing technologies that are already in use across a business, including Teams, Slack, Salesforce, Jira and Word.
In-house legal teams can use Summize to bring to life the contents of a contract with AI-powered metadata summaries, saving hours in manual review time. Comprehensive analytics and centralised repository provide insights to…
Contract analysis software helps legal firms and businesses with certain aspects of contract data analysis, such as searching for key terms and understanding. They are language processing tools that use artificial intelligence (AI) and natural language processing to aid businesses in understanding the substance and implications of contract language. These tools help companies avoid risks and mistakes they would have normally not come across on their own.
Contract analysis tools are mainly used by legal firms and legal discovery experts, but they can also be used in a business context. It’s common for sales teams, finance departments, and legal departments that deal with contract production and execution regularly to use this type of software.
In addition to helping break down contract terms and conditions, this software helps increase the turnaround time for generating and reviewing contracts. It also increases visibility for both parties and provides convenient features such as electronic signatures—allowing the process to be completely digitized.
Contract analysis software has some overlap with contract management software, which refers to the automation of processes surrounding creating new contracts and storing/tracking existing contracts. Contract analysis, however, focuses more on breaking down and interpreting contract language and is specialized in avoiding risks. Both categories are part of the overall contract lifecycle management process (CLM), which is associated with organizing, managing, monitoring, analyzing, and automating contractual processes within an enterprise.
Before choosing to invest in a contract analysis software solution, consider the following key points:
The pricing options for contract analysis software vary greatly between vendors. Expect to pay between $600 to $750 per month for team versions, and over $2,000 per month for the more advanced versions. All of these plans will usually include unlimited users. For exact pricing for your business, contact the vendor directly. Most vendors offer a free demo which is highly encouraged to try before purchasing.
Contract analysis software is a rule-based or machine learning-based language processing tool used by legal discovery experts or in enterprises to search and understand the contents of contracts. These tools will provide and support contract abstraction of important information from contracts, contract migration from a paper-based or legacy system to a new system, as well as due diligence and auditing.
The benefits of using contract analysis software include identifying and understanding keywords and conditions, accelerating contract creation and review, and mitigating risk for both parties involved. Additionally, these tools offer electronic signatures, which enhances convenience as well as ease of signing.
Some of the most popular contract analysis products include:
Pricing for contract analysis software can range between $600 to $750 a month for team versions, and over $2000 monthly for the more advanced versions. Most plans include an unlimited number of users. Though certain vendors may charge per user.