Best Contract Analysis Software for Microsoft Word

ThoughtRiver's automated platform for contract review can revolutionize your contract management process. Our technology streamlines contracting by automating risk assessment, AI-guided remediation and the automation of legal contracts. It's no longer necessary to read through entire contracts to find the key areas of interest. ThoughtRiver reviews contracts and provides legal advice. ThoughtRiver not only saves time for lawyers, but it also addresses a key challenge faced by CEOs: how to increase deal speed. Our platform speeds up the contracting process by allowing companies to sign more contracts and generate revenue quicker with intelligent contract pre-screening. Join the many happy legal firms and service providers that have transformed their contracting processes with ThoughtRiver.

ContractHero empowers mid-sized and enterprise businesses by providing them with overview and control over their contracts and agreements. Our secure software is ISO27001 certified and trusted by hundreds of customers, offering automated and centralized contract management with AI-powered contract analysis, granting businesses fast and direct access to essential information.

Malbek is an advanced AI-driven contract lifecycle management (CLM) platform built to empower enterprises in managing complex contracts with ease and transparency. It provides a dynamic, centralized environment where businesses can glean actionable insights from contracts, enabling smarter decision-making and maximizing profitability. The platform streamlines contracting by offering intuitive workflows, quick contract creation, and seamless approval processes that boost operational efficiency and compliance. Malbek’s robust integrations with widely used business tools like Salesforce, HubSpot, SAP, Slack, and DocuSign connect contract management with broader enterprise operations, maintaining a single source of truth. Embedded AI throughout the system automates manual, time-consuming tasks and provides timely insights and recommendations, accelerating negotiations and shortening contract review cycles. With a customer retention rate over 120% and nearly all users recommending the platform, Malbek is recognized for enhancing productivity and collaboration across global teams. The platform also offers comprehensive support and training, ensuring clients get the most out of their CLM investment. Its trusted reputation is built on delivering meaningful business impact through technology and innovation.

ContractKen is an AI copilot for contract review and drafting. We want to help our lawyers amplify their expertise using AI. Our flagship product sits inside Microsoft Word & helps lawyers through powerful AI capabilities, intuitive UX and well-researched playbooks. Review module helps users to identify risks, navigate to specific text, provide explanations and offer redline suggestions. Playbook module helps users run drafts against their organization checklists or playbooks. Screen for terms / clauses which comply or deviate from approved standards and make a redline edit. Download the report within minutes. Precedent based drafting enables users to select their precedents, provide instructions manually or via a term sheet and leverage AI to create first draft. Reduce time to first draft by up to 80%. Our Formatting module helps users identify and navigate to all typical errors or oversight related to Defined Terms, Clause References, Money / Dates / To-do’s, etc.

VerifAI is an AI add-in for MS-Word. It saves 15 hours/week for lawyers when reviewing contracts. HIGHLIGHTS • Review a contract in 3 minutes instead of 3 hours with the latest AI technology for legal • Save up to $4,088 per month with contract reviews • Increase your revenue per employee by 5x in the legal department Choose from our extensive collection of contract playbooks, guidelines and other documents. CAPABILITIES • Mark contract risks against the personalized guidelines you set Choose from a selection of contract guidelines that are tailored to your industry or contract. Please suggest redlines that are tailored to your guidelines • Ask open-ended legal questions to a trained AI ChatGPT. How it works 1. Install VerifAI for free as a Microsoft Add-In 2. Open the contract you wish to review 3. Choose from our templates or your own contract playbook. 4. Instantly compare the contract with your playbook guidelines

The contract intelligence company pushes the boundaries of what’s possible with contract lifecycle management.

RFP Software for Solicitation and Contract Analysis Streamline manual document review and enhance quality throughout the entire lifecycle. On average, customers see a 9.8% increase in their win rate with VT Docs. VisibleThread is a trusted partner for 11 of the top 15 U.S. Government Contractors. Our advanced technology empowers thousands of users across organizations of all sizes, from small businesses to mid-market and large enterprises. VT Docs, VisibleThread’s premier RFP solution, is widely used across key industries, including Defense & Space, IT Services, Healthcare, Engineering & Construction, and more.

Legal Reimagined - Step into the Future of Enterprise Legal ContractPodAi is a leader in AI-driven legal technology, empowering enterprises to manage risk, drive efficiency, and maximize ROI across the business. Powered by Leah, ContractPodAi’s advanced Agentic AI architecture, our solutions transform legal intelligence into a business accelerator—whether through our industry-leading Agentic Contract Lifecycle Management (CLM) platform or Leah, our Legal Agentic AI solution. Leah is an Agentic AI solution that redefines legal intelligence, streamlining legal workflows while uncovering opportunities that drive enterprise value. Designed by legal professionals, AI experts, and technology specialists, Leah goes beyond automation to integrate seamlessly into business workflows, learning from an organization's legal patterns and connecting legal, business, and technical teams. By turning legal departments from cost centers into strategic growth enablers, Leah transforms legal operations into a competitive advantage. Unlike traditional solutions, Leah seamlessly integrates with enterprise systems, enhancing compliance, governance, and risk visibility while augmenting tasks to reduce workload and minimize errors.

With guidance from top lawyers, legal templates for your business. In less than 15 minutes, you can create market-accepted contracts. Compare the key issues in each template to find one that meets your specific legal needs. You are welcome to verify the industry experience and qualifications of the lawyer(s), who created the template. Simply fill out a few details using our step by step questionnaire with built-in guidance. You can also customize the contract to meet your specific needs, e.g. You can add clauses or definitions to the contract. Print, sign, and then sign by hand. You can also use an esign tool to digitally sign the document and send it to the other side. This template can be saved to your computer and stored for future reference. Automate the creation of contracts using pre-built questionnaires. Create custom questionnaires to automate the drafting of your own templates. Our AI can automatically review legal contracts.

Accelerate your contract workflows, enhance productivity, and expand your business with contract management software tailored to your needs. Our all-encompassing AI-driven platform streamlines every aspect of the agreement process, enabling your team to easily and automatically create, negotiate, sign, manage, and analyze contracts. Utilize our searchable database, contract summaries, and customizable dashboard to gain a thorough understanding of your agreements. Furthermore, with robust text and advanced structured search features, you can quickly pinpoint risk areas and uncover chances to negotiate more advantageous terms. Our machine learning capabilities can identify, extract, and scrutinize essential terms and clauses, significantly increasing efficiency during negotiations. You have the option to select from standard "built-in" models or design your own, ensuring you can locate exactly what you need, regardless of your industry or the types of contracts involved. This adaptability not only streamlines the process but also ensures that your contract management evolves with your business needs.

Business-critical documentation, including contracts and regulations, often presents a level of complexity that poses significant risks to both the organization and individual reputations. This complexity can lead to misinterpretations, the erosion of corporate knowledge, non-conformance or delayed compliance, and operational inefficiencies that have long been seen as inherent to the business landscape. Consequently, both you and your team may find yourselves functioning below optimal capacity, resulting in inadequate protection of the value these documents hold. Affinitext addresses this issue by converting your essential documents—such as contracts, standards, and policies—into an AI-enhanced Intelligent Document Format (IDF). This innovative format enables users to navigate, comprehend, and manage document content in ways that outdated technologies like Word and PDF cannot achieve. With Affinitext, the process of interacting with your documents and project portfolios becomes seamless and efficient, leading to better outcomes for all stakeholders involved. By leveraging this advanced technology, organizations can enhance their operational effectiveness and minimize risks associated with complex documentation.

Summize drives smarter and simpler contract workflows, uniting business and legal users. Summize painlessly integrates with familiar tools such as Microsoft Teams, Slack, Salesforce, Jira and Microsoft Word for a smooth user experience. At its core, the Summize Contract Analysis Engine combines human experience and AI-powered technology to digitalise legal procedures, instantly producing concise summaries with actionable tasks. Accelerate and simplify the whole contract lifecycle, without replacing your existing ways of working. It’s CLM with a difference.

Document engineering provides immediate benefits to business users right from the start, eliminating the need for extensive investments in machine learning, extensive employee training, or significant IT development. It allows for the analysis of agreements to identify potential risks, pricing structures, and contractual obligations. By doing so, organizations can prevent costly penalties and escalated fees that result from delays. This approach enables the conversion of carrier plans into usable data, allowing brokers to concentrate on sales rather than data entry tasks. Additionally, it helps reduce expenses while enhancing quality compared to relying on temporary staffing solutions year after year. Thoroughly examining your Master Service Agreements and Statements of Work reveals deliverables, pricing structures, liabilities, and legal risks, mitigating the chance of unexpected costs. It also streamlines the diligence process during transactions, helping to pinpoint price discrepancies, renewal timelines, sub-lease options, and tax complications across entire portfolios. Compliance with tax regulations becomes easier, rents can be optimized, and unnecessary fees can be avoided. By unlocking the data embedded in your unique documents, productivity, compliance, and insights can be significantly enhanced. Moreover, re-papering outdated licenses ensures adherence to new regulatory standards and customer demands, while guaranteeing that quality reviews and documentation are meticulously maintained for future reference. Ultimately, this comprehensive approach empowers organizations to navigate complex documentation with confidence and clarity.

Accelerate your contract drafting process by threefold with the help of AI. Spellbook leverages GPT-3 to analyze and propose language for your contracts directly within Microsoft Word. Drawing from an extensive database of billions of legal phrases, Spellbook delivers instant suggestions for your contractual needs. This allows you to secure better agreements in a shorter time frame. By handling the intricate details, Spellbook frees you to concentrate on delivering strategic insights. Beyond just contract comprehension, Spellbook also taps into a wealth of knowledge from Wikipedia, books, and the web, enabling it to provide relevant information about various topics. Powered by OpenAI's GPT-3, this robust large language model ensures exceptional capabilities. Additionally, Spellbook uniquely combines GPT-3 technology specifically tailored for contract work, seamlessly integrated into Word for your convenience. With this innovative tool, you can streamline your workflow and enhance your legal drafting efficiency.

Gain immediate understanding of your contracts by pinpointing essential clauses, creating summaries, and facilitating your team's review process through advanced machine learning analysis. Diligen is utilized globally, catering to everyone from small legal teams to Fortune 15 corporations, streamlining the contract review process to be quicker, more efficient, and cost-effective. Its scalability is remarkable, accommodating anywhere from 50 to 500,000 contracts with ease. On day one, users can tap into hundreds of pre-trained clause models, while also having the ability to quickly train Diligen to recognize additional concepts. The adaptable and user-friendly interface can be tailored to fit your specific requirements. Compared to other market solutions, it offers industry-leading performance. You can delegate contracts to your team, enhance collaboration, and oversee the review process seamlessly. Training the system to recognize new clauses or ideas is straightforward, and it can automatically produce contract summaries in formats like Word or Excel. Furthermore, contracts can be filtered based on various criteria such as name, date, parties, or specific provisions, ensuring that hundreds of key clauses are automatically recognized and highlighted for your convenience. This comprehensive approach to contract management significantly enhances productivity and accuracy.

Numerous businesses around the world are leveraging generative AI to enhance their legal operations. We envision a future where legal practices keep pace with the demands of the business world. By implementing robust permissions, controls, and approval systems, you can maintain comprehensive oversight across your teams. Equip your team with the tools to draft contracts efficiently, guided by clear instructions. This approach allows valuable time to be redirected toward more strategic initiatives. Utilize pre-approved templates to ensure uniform language across all standard contracts. Accelerate your workflows with seamless review and negotiation processes. By eliminating manual tasks, teams can concentrate on high-level strategic planning instead of routine activities. Innovative AI playbooks are designed to foster consistency, precision, and rapid execution. Enhance your operational efficiency by establishing a single source of truth paired with user-friendly search functions, ultimately leading to improved collaboration and decision-making.

Streamline the process of negotiating contracts by reducing time, effort, and costs. Experience unmatched efficiency with the most precise AI-powered contract review software available. Utilize the Ivo checklist to evaluate agreements based on your specific needs, seamlessly incorporating AI-generated redlines and comments right into your Microsoft Word document. Ivo is designed to adapt to the distinct legal terminology and protocols of your organization, providing tailored reviews that meet your requirements. Discover potential issues within your contracts, compile issue lists, summarize findings, and identify any unused defined terms. Functioning as an add-in within Microsoft Word, Ivo also extends its support to Google Docs and PDF files. Enhance productivity through smart redline suggestions while effectively managing risks and internal communications by creating dynamic, customizable issue lists with just a single click. Ivo prioritizes the security and safety of your contracts, underscoring our commitment through the acquisition of esteemed security certifications recognized across the industry. Additionally, the integration of Ivo ensures that you can focus on strategic tasks while it handles the intricacies of contract management.

Facilitating the connection between lawyers and optimal language for swifter, more precise contracts, DraftWise automates tedious drafting tasks seamlessly. This innovative tool leverages past deals to generate initial markup revisions for any contract efficiently. By linking lawyers with their most effective language, users can search through deal histories, compare clauses, and instantly make redline edits within Microsoft Word and Outlook. It provides essential insights into market standards while referencing previously accepted terms by opposing counsel, ensuring robust negotiation strategies throughout each phase of a deal. Emphasizing a strong commitment to data security, DraftWise cultivates a culture of excellence. As the sole AI solution that supports transactional lawyers at every stage—from drafting to negotiation—this platform utilizes the comprehensive scope of your deal history. By simplifying the handling of intricate agreements at scale, DraftWise allows teams to concentrate on more strategic initiatives, ultimately enhancing productivity and effectiveness. With this tool, lawyers can navigate their workflows with greater confidence and efficiency.

LegalOn stands as the premier authority in AI-driven contract analysis, gaining the trust of legal experts at prestigious firms and corporations around the globe. Its technology swiftly reviews and modifies contracts in mere seconds, utilizing user-defined preferences alongside an extensive array of pre-designed playbooks crafted by seasoned legal professionals. The AI system employs precise and current legal insights formulated by its skilled attorneys, guaranteeing reliable outcomes for you and your organization. With over 50 ready-made playbooks, our experienced attorneys facilitate prompt contract evaluations from day one. You have the flexibility to tailor these playbooks to meet your specific requirements, or you can request LegalOn to create a bespoke playbook tailored specifically to your organization. Moreover, we adhere to rigorous standards, being SOC 2 Type II, GDPR, and CCPA compliant, ensuring that your contracts are safeguarded and your data remains confidential. LegalOn's AI contract review software not only conserves your valuable time but also aligns seamlessly with your distinct contract preferences while effectively managing monotonous contract-related tasks. Embrace the future of contract management with LegalOn, where efficiency meets unparalleled legal expertise.

Lexion integrates and synchronizes contracts across your systems to create a single source for truth. It is tedious and slow to manually track vital information. Lexion's AI finds the information you need automatically and gives you tools for verification. Reduce time spent on manual review, data entry and common contract questions. To assess compliance, pull up reports. Prepare for audits, financing, or M&A. You should have plenty of notice to cancel or renegotiate contracts. Our white-glove Onboarding provides a fully organized repository for contracts with key terms populated by Lexion’s AI. From the ground up, Lexion is designed with enterprise security, performance, SLA requirements, and enterprise security. Lexion was developed at an acclaimed AI research institute and is funded by a prominent venture fund. Our team is a proven success story in building innovative companies and cutting-edge AI products. We also have the ability to create productivity applications that people want and love.

ContractAI harnesses the power of artificial intelligence to revolutionize the contracting landscape, significantly enhancing the processes of contract analysis, creation, and negotiation. By automatically processing and examining historical contracts, ContractAI generates templates that reflect mutually beneficial terms. Its Analyzer application employs AI technology to clarify negotiation boundaries, assess legal and compliance ramifications, discern obligation intents, and establish permissible limits, empowering users to make informed contracting choices. Moreover, ContractAI alleviates the burdensome redlining process by providing suppliers with carefully curated win-win clause alternatives. This innovative platform allows enterprises to optimize negotiation terms based on historical insights, thereby mitigating the risks associated with unfavorable terms and conditions. Furthermore, vendors can effortlessly select acceptable alternative terms, leading to a notable decrease in the legal and procedural costs of contracting, all while leveraging an AI-driven scoring mechanism for efficiency. Additionally, this streamlined approach fosters a more collaborative environment between parties, ultimately enhancing the overall effectiveness of contract management.