Best Contract Analysis Software for Microsoft Word

ContractHero empowers small and medium-sized enterprises (SMEs) 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.

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.

ContractPodAi® provides One Legal Platform that supports all corporate in-house legal needs. Gartner's CLM Magic Quadrant lists ContractPodAi as a Visionary. Harnessing the combined power of the IBM Watson and Microsoft Azure AI engines, and shaped with modern legal design thinking, we are defined by constant innovation. ContractPodAi Cloud, our pioneering legal platform, sets a new standard for legal tech user experience with easy-to-use templates and guided workflows, along with auto-document generation, collaboration tools, e-signatures, and third-party document review. It includes AI-powered analytics, reports, and alerts and reminders for important dates, too. The robust and intuitive system is deployed for legal and non-legal users, for end-to-end legal management. ContractPodAi also offers all-inclusive pricing and best-in class implementation for medium- to large-sized businesses.

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.

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.

ContractKen is an AI driven software-as-a-service (SaaS) product company having 2 key products: 1. ReviewKen: This tool is used by lawyers and contract professionals to create, review, and negotiate (pre-signature), contracts within Microsoft Word. This is made possible by the best-in-class AI and expert playbooks. Generative AI allows you to bring your playbooks, checklists and guidelines into Microsoft Word. This will ensure consistent quality reviews. You can create reports summarizing the AI-identified issues or private notes that can be used in multiple settings. 2. RepoKen is a cloud-based, intelligent contract repository. This allows customers to store and organize contracts in a seamless, secure way. Our AI technology is the best in class and allows customers to extract important contractual metadata elements such as expiry date, governing state, parties names, pricing information, liability clause, etc. Search for contracts by name, or search for contract text within individual agreements.

Instant insight into your contracts. Machine learning-powered analysis can help you identify key provisions and generate contract summaries. Diligen is used by small legal teams and Fortune 15 companies around the globe to produce high-quality contract reviews more efficiently, faster, and cheaper. No matter how many contracts you have, Diligen is uniquely scalable. You can leverage hundreds of pre-trained clause model templates right away. Diligen can be quickly and easily trained to recognize new concepts. You can customize the interface to suit your needs. The industry-leading performance is compared to other tools. Assign contracts to your team, collaborate and manage the review process. You can easily train the system to identify new clauses and concepts. Automatedly generate contract summaries using Excel or Word. Filter contracts by name and date. You can see hundreds of key provisions that are automatically identified.

Hundreds of businesses around the world are using generative AI to help them with their legal needs. We believe that law should move at the pace of business. Permissions, controls and approvals allow you to maintain maximum oversight across all teams. Your team can draft contracts with clear instructions. Free up your time to focus on strategic tasks. {Ensure consistent language for every routine contract with pre-approved templates.|Pre-approved templates ensure consistency of language in every routine contract.} Streamline your processes by allowing for effortless review and negotiations. Focus on strategy instead of routine work and eliminate manual tasks. AI playbooks that are cutting-edge drive consistency, accuracy, and speed. Streamline processes using intuitive search and a single source for truth.

A contract management software that adapts to your needs will speed up your contract processes, increase productivity, and help you grow your business. Our AI platform optimizes every aspect of your agreement process so your team can easily (and automatically!) create, negotiate, sign and manage your agreements. To get a complete view of all your agreements, you can use our searchable repository, contract summaries and custom dashboard. You can also instantly identify areas of concern and find opportunities to negotiate better terms with our advanced structured search capabilities and free text. Machine learning can extract, analyze, and identify key terms and clauses, increasing efficiency in the negotiation process. You can choose from standard models or build your own. This will allow you to find the right model for you, regardless of your industry or contract type.

Complexity is a risk to your business's most important documents, such as contracts and regulations. Complexity poses a significant risk to your business and personal reputation. Misinterpretations, loss of corporate knowledge, instances non-conformance, late conformance, inefficiencies, and other risks have been considered part of your business for too long. This means that you and/or your employees are operating at a suboptimal level, and the documents' value is not being adequately protected. Affinitext converts your most important business documents (contracts and standards, policies, etc.) into our AI-enabled Intelligent Document Format, (IDF). This allows readers to locate, understand, and manage the content in ways that are impossible with static, 25-year-old technologies like Word and PDF. Affinitext makes it easy for you to access your documents and/or project portfolios.

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 uses AI to transform contracting, greatly improving analysis, creation, and negotiation. ContractAI uses AI to automatically analyze and ingest historical contracts in order to create templates that are based on terms that have been proven to be win-win. The Analyzer app makes use of AI to help you understand negotiation boundaries, legal compliance implications, obligation intents, and permissible thresholds so that you can make better contracting choices. ContractAI reduces redlining by providing suppliers with vetted win/win clause options. Enterprises can reduce risk by streamlining the terms of negotiation using past learnings. An AI-based scoring system allows vendors to choose acceptable terms that significantly reduce legal and procedural costs.

Document engineering empowers business users. It is easy to make an immediate impact without investing in machine learning, staff training or IT development. Analyze agreements for pricing, risk, and obligations. Avoid costly penalties and escalators caused by delays. Transform carrier plans into data so that brokers can concentrate on selling and not data entry. Reduce costs and improve quality by using annual temp staffing instead. Examine your MSAs to identify deliverables, pricing, liabilities, legal risk, and avoid costly surprises. Reduce the cost of diligence when transacting. Identify price variations, renewal deadlines and sub-lease options. Also, identify tax issues across portfolios. Ensure compliance with tax laws, optimize rents and avoid fees. To increase productivity, compliance, insight, and productivity, unlock the data in your unique documents. To comply with new customer and regulatory requirements, re-paper legacy licenses. Assure documentation and quality reviews.

With AI, it is 3x easier to draft contracts. Spellbook uses GPT-3 to review your contracts and suggest language, right from Microsoft Word. Spellbook is a legal text expert that can instantly suggest language for your contracts. Close better deals, faster. Spellbook takes out the nitty gritty so you can concentrate on creating strategic value. Spellbook is more than a contract-speaker. It has been trained using Wikipedia, books, and the Internet to be able to reference facts about the world. Spellbook is powered OpenAI's GPT-3, a large large language model that provides incredible performance. Spellbook is the only GPT-3-powered tool that has been tuned to contracting and integrated with Word.

Negotiating agreements can be done in less time and with less effort. With the most accurate AI contract review program in the world, you can unlock unprecedented efficiency. Use Ivo's checklist to check agreements against your requirements, and insert AI-generated comments and redlines directly into your Microsoft Word document. Ivo adapts its reviews to your company's unique legal guidelines and language to deliver customized reviews. You can identify issues in your agreement, create lists of issues, create summaries and find unused defined terms. Ivo is an add-in for Microsoft Word that also supports Google Docs and Adobe PDF documents. Intelligent redline recommendations improve efficiency. With just one click, you can generate dynamic issue lists that are customizable and help to surface open risks. Ivo's top priority is keeping your contracts safe and secured, which is why we invested in obtaining industry recognized security certifications.

Connecting lawyers to their best language for faster and more accurate contracts. Automate your tedious drafting. DraftWise can quickly and efficiently generate the first markups of any contract by referencing past deals. Connect your lawyers to their best language. Search deal history, compare clauses and instantly redline in Microsoft Word and Outlook. Surface critical insights for understanding "what is market", and refer to what opposing counsel has previously accepted, to ensure comprehensive negotiations tactics at every stage. Our culture is committed to excellence in data protection. DraftWise is an AI solution that empowers lawyers at every stage of the process, from contract writing to negotiation, by leveraging the breadth and depth of your deal history. You can easily tackle complex agreements while keeping your team focused on more strategic tasks.