Latchapp

Lawgeex's Contract Review Automation (CRA) leverages AI to automate the contract review process for in-house legal teams during the pre-signature phase, facilitating quicker collaboration, and addressing contractual issues in real-time during negotiations​. Key Features: - Automated Contract Review: This feature employs artificial intelligence to automate the process of reviewing contracts during the pre-signature phase. It's designed to identify, redline, and fix contractual issues swiftly, making the review process more efficient and less tedious for legal teams. - Suggested Changes: This aspect of the tool provides recommendations on alternative language or phrasing in the contract and highlights sections that should be deleted. It assists in ensuring the clarity and accuracy of contract language, aiding legal teams in quickly spotting and correcting potential issues. - Surgical Redlining: This feature performs an in-depth review and redlining of contracts, including handling first and third-party paper, and subsequent iterations required to refine the contract to a point where it's ready for signature. It's aimed at ensuring the contract meets the required standards before moving forward to the signing stage. Main Use Cases: - High-Volume Contract Management: For organizations dealing with a high volume of routine contracts, utilizing the automated review to efficiently manage and process these documents, saving time and resources. - Live Negotiations: During negotiations, quickly identifying and addressing contractual issues in real-time, enhancing collaboration and speeding up the deal-making process. - Contract Standardization: Establishing digital playbooks using existing contracts or guidelines to standardize the review process, ensuring consistency and compliance in new contracts across the organization.

ContractPodAi is a contract lifecycle management solution that empowers legal teams by centralizing contracts and legal documents, enabling seamless interactions between legal teams and business operations, and leveraging both human and AI capabilities to automate repetitive tasks, improve contract authoring, and provide real-time data analysis for better decision-making. Key Features: - Smart Repository: Centralizes contracts and legal documents in a single source of truth, providing complete visibility into legal data to manage and reduce exposure to risk. - Integrations with Key Business Applications: Facilitates seamless interactions between legal teams and business operations through integrations with applications like Salesforce and MS Dynamics, enabling self-service contracting, procurement, and HR solutions, along with built-in collaboration with Microsoft Word and Google. - AI-Powered Contract Lifecycle Management (CLM): Incorporates AI to automate repetitive tasks, provide workflow automation, task management, and automated contract review, enhancing the speed and efficiency of contracting activities​. Main Use Cases: - Automated Contract Authoring and Generation: Utilizes the "Auto-Contract Desk" feature to leverage AI and self-service templates for quicker contract authoring and generation, increasing the speed of a company's contracting activity, and streamlining the contract request process through seamless integration with third-party applications like Salesforce. - Contract Review and Compliance: Employs AI, through Leah, to guide users through reviews, redlines, and negotiations based on pre-negotiated contracts, precedents, and playbooks, predicting the best terms and conditions for all new and recurring negotiations. - Real-Time Contract Data Analysis: Utilizes "Leah Insights" to provide real-time data powered by predictive analytics in a visual dashboard, accelerating negotiations, and aiding in making more informed decisions.

ThoughtRiver accelerates contract negotiations by employing AI to review, flag risks, and organize contracts, thereby streamlining the negotiation process and aiding in strategic decision-making​. Key Features: - AI-Assisted Review: Utilizes AI to review 3rd party contracts against a playbook, previously signed agreements, and agreements negotiated by others to flag any issues, enabling faster and more efficient contract reviews​. - Digital Issues List: Identifies risks within the contract, creating a clear task list for reviewers to work through and share, which helps in organizing and strategizing around automated issues lists for every negotiation. - Automated Markup: DFacilitates redlining and editing with one-click comments and drop-in clause suggestions from template contracts, which aids in swiftly addressing contract issues and moving closer to agreement finalization. Main Use Cases: - Accelerating Contract Negotiations: By automating the review of contracts and identification of issues, ThoughtRiver enables a faster negotiation process, saving time and resources for legal and commercial teams. - Enhanced Collaboration: Provides tools for collaboration allowing colleagues to work through issues together, maintain version control, and share insights with stakeholders, which is essential for efficient contract negotiations and alignment within teams. - Strategic Contract Analysis: The platform creates a searchable contract database, aiding in the intelligent search of contracts for business insights and sales opportunities, which is crucial for strategic decision-making and identifying potential business development opportunities.

LegalOn is a legal AI platform designed to streamline contract review and management. It uses artificial intelligence to analyze contracts, detect potential risks, and suggest revisions, aiming to reduce review time while maintaining quality. Key features include automated risk detection, AI-assisted redlining, customizable playbooks for consistent review standards, and a search and compare function to enhance contract management across an organization. Key Features: - AI-powered Contract Analysis: Quickly scans and analyzes contracts to detect potential risks and issues. - Automated Redlining: Suggests revisions based on detected risks and pre-set preferences, with attorney-drafted guidance. - Customizable Playbooks: Allows legal teams to set up and apply their own guidelines and preferred language consistently across all reviews. - Search and Compare Function: Enables users to find and contrast clauses across different contracts or against templates. Main Use Cases: - Accelerating Contract Review: Legal teams can rapidly analyze complex contracts, identifying risks and suggesting revisions in hours rather than days, meeting tight deadlines and providing faster feedback to clients. - Standardizing Legal Practices: Organizations can ensure consistent contract language and risk management across different offices or departments by utilizing customized playbooks and AI-assisted review. - Enhancing Contract Negotiations: During negotiations, teams can quickly compare proposed contracts against standard terms and past agreements, highlighting discrepancies and suggesting favorable clauses to secure better terms.