Advanced Contract Analytics Reviews and Ratings
what is Advanced Contract Analytics?
Gartner defines the advanced contract analytics market as solutions that use AI techniques such as natural language processing, machine learning and generative AI to analyze in-progress or executed contracts to extract provisions and create structured, usable data. This data can be analyzed to highlight deviations from enterprise standard provisions, identify missing provisions, score risk, and recommend process or provision changes.
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ContractPodAi specializes in contract lifecycle management (CLM) and legal GenAI solutions, designed to enhance the efficiency and effectiveness of legal operations and contract processes for the entire enterprise. Leveraging a combination of legal expertise and advanced generative AI technology, ContractPodAi provides tools that assist legal teams and law firms in authoring, analyzing, and managing documents while supporting sales, procurement, and other functions with self-service features and contract reporting.
Headquartered in London and with a global presence in cities including New York, Glasgow, San Francisco, Toronto, Sydney, Mumbai, and Pune, ContractPodAi is dedicated to delivering secure, enterprise-ready solutions that drive growth and offer measurable ROI. The company's innovations go beyond task automation, enabling strategic legal thinking and providing real-time, precedence-based analysis.
IntelAgree offers an all-in-one CLM platform powered by experienced experts and industry disrupting AI that empowers all teams to efficiently and confidently manage and execute deals.
Oneflow automates the entire contract process from creating to e-signing and managing, all in one place. Oneflow is an all-in-one solution for e-signature, digital contract, contract management, proposal creation etc. Oneflow helps you win more customers, hire more candidates by turning clunky, static agreements into helpful, truly digital contracts.
Processes are faster, decisions are better, and deals are quicker. It’s an easier, smoother, and smarter way for teams of all shapes and sizes to handle their contracts.
Sales and HR teams have experienced:
* Contracts signed 8x faster
* Sales cycle time reduced from 45 days to 3 days
* Total time spent on contracts reduced by 50%
We believe in transforming outdated contract process into a wonderfully connected pre-sign, sign and post-sign digital experience thereby freeing contract data typically trapped in paper or PDF. You can also use our AI Assist to generate high quality contracts faster.
Icertis is a company that specialises in contract lifecycle management (CLM) through innovative technology, particularly its AI-powered Icertis Contract Intelligence (ICI) platform. The ICI platform transforms contracts from mere static documents into strategic tools by organizing and linking the important contract data that determines a company's operations. The ICI platform supports millions of contracts across various nations and languages, thus catering to a diverse array of organizations and providing them with enhanced operational efficiency.
LinkSquares is an AI-powered contract lifecycle management (CLM) platform. Trusted by more than 1,000 customers, it streamlines contract workflows, saves time, and reduces costs. LinkSquares is powered by the LinkAI engine, built with a proprietary mix of predictive and generative AI that unlocks actionable contract insights and expedites the contracting process. This helps organizations mitigate risk and increase operational efficiency — so they can move business forward faster. Our solutions save companies hundreds of hours and millions of dollars by eliminating manual processes and driving better consistency of process, communication, and quality.
Built on a proprietary legal Large Language Model (LLM), Luminance’s specialised legal co-pilot uses artificial intelligence to automate the generation, negotiation and analysis of contracts. Developed by experts in machine learning from the University of Cambridge and validated by global law firms, Luminance is in use by over 500 customers in 60 countries. From taking a first pass review of any contract under negotiation, to an AI chatbot for redrafting clauses on-the-fly and an intelligent contract repository for granular insight into any contractual landscape, Luminance brings AI to every touchpoint a lawyer has with their documents.
Summize is pioneering true digital contracting with a CLM solution that puts the user experience first. It takes a deliberately different approach by embedding workflows directly into existing technologies that you (and your business) already know and use daily, including Teams, Slack and Word. This unique approach enables greater user adoption, faster contract cycles, measurable efficiencies, and mitigated risk. Now, in-house legal teams can instantly 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 all the insight to make informed decisions. It’s CLM with a difference.
The company is engaged in the provision of cost-effective legal services globally. The core of its operations is the design of products that integrate artificial and human intelligence, termed as Combined Intelligence. These are either developed as a software, a service or a combination of both. The company predominantly concentrates on contracts, considering them as significant documents in global commerce and a challenging area for both businesses and consumers.
Workday is a prominent provider of cloud applications intended for finance and human resource management. Their primary objective is to assist businesses in adapting to changes with the help of their various applications. They provide applications for financial management, human resources, planning, spend management, and analytics, all of which are built upon the foundations of artificial intelligence and machine learning. This technology is intended to support organizations globally in navigating the evolving nature of work. Workday's services are utilized by numerous organizations worldwide, across a variety of industries.
BlackBoiler is a company operating in the field of legal technology. It mainly focuses on creating efficiency solutions designed specifically for contracts. This service caters to various clients such as businesses, legal firms and legal service providers. With the use of Deep Learning and Natural Language Processing technologies, BlackBoiler has produced a product known as Ai-Assisted Contract Review. This innovation is designed to review and revise contracts in an efficient manner, closely resembling the work of an attorney. Thus, it aims to significantly decrease the time required for future contract review and redlining, by leveraging historical data of contract review activities.
Brightleaf is a technology service provider specializing in semantic intelligence and natural language processing. The primary purpose is to extract vital information from contracts using their unique technology. This extraction process is customizable and thorough, capable of gathering meta-data, terms, conditions, legal provisions, and scattered obligations. To ensure accuracy, a dedicated team of legal professionals rigorously reviews the outputs. After this step, the data is prepared in a user-friendly format for seamless uploading to any system like Contract Lifecycle Management Systems, enhancing trackability and reporting. Brightleaf's technology is instrumental in extracting data from existing contracts, enabling comprehensive reporting, identifying potential revenue opportunities like supplier agreement penalty clauses, and aiding in maintaining regulatory compliance.
CobbleStone Software is an established provider of enterprise contract lifecycle management (CLM) and eProcurement software. The organization's primary product is the Contract Insight™ Contract Management Software, an AI-enabled platform. For over two decades, this platform has been utilized by organizations of varying sizes and across various sectors to better handle their contracts. The overall concentration of CobbleStone Software is to offer contract and procurement management software that comprehensively manages all tasks from sourcing to contracts. The Contract Insight™ platform is used for managing several aspects including contracts, alerts, legal file tracking, financial management, vendor management and general risk governance among others.
Cognitiv+ offers automation solutions for document review and classification. Utilizing artificial intelligence, it streamlines the process of information extraction from documents, promoting efficiency and cost-effectiveness. The company's primary objective is to replace manual document review with an automated, easy-to-use AI system.
Conga is a B2B software solution provide whose contract lifecycle management (CLM); configure, price, and quote (CPQ); document generation; electronic signature; subscription management; and other associated solutions drive predictable revenue by aligning processes, teams, and technology under a unified data model throughout the revenue management lifecycle.
Conga is the aggregate of two SaaS providers, Conga and Apttus. Conga was originally founded to prove what was possible in the space of digital documentation, while Apttus was an innovator in quote-to-cash (QTC) solutions. On May 7, 2020, the companies merged with the goal to provide a comprehensive solution offering to manage the revenue lifecycle. Today, Conga’s global operations span North America, Europe, and Asia.
App Orchid concentrates on aiding companies in crafting AI-integrated apps, primarily for the insurance, energy, and utilities domains. The platform combines deep learning and natural language processing with industry-specific information disseminated through knowledge graphs. This powerful combination aids in the development of predictive applications like ContractAI, AssetThink, CustomerThink, and DocuThink. Each application merges historical and real-time structured and unstructured data, including user 'tribal knowledge'. App Orchid's Big Data based in-memory technology permits the recognition of previously unobservable patterns, risks, and prospects. It features a user-friendly interface powered by natural language for easier information access. The firm's goal is to help companies fulfil their digital transformation goals through speedy deployment, economical implementation, and minimal disruption.
Coupa Software is a cloud-based platform focusing on business spend management (BSM). The primary objective of Coupa Software is to provide companies with the necessary tools and features needed to gain visibility and control over their business expenditures, enabling them to make more effective and secure spending decisions. The company has a global outreach and serves an extensive range of businesses worldwide.
DocJuris is a company focused on streamlining the contract review process. The main business challenge it solves is time consumption and inconsistency in contract review. Through its AI-powered software, DocJuris reduces cycle times, enhances uniformity throughout the review process and, in turn, eases the workload of team members.
Thomson Reuters is a global entity known for delivering news and information-based tools to professionals. It maintains a comprehensive network of journalists and expert editors, helping to keep users informed on global happenings, particularly in the fields of law, regulation, and tax modifications. Recognizing the intricate environments where their users function - mediums like tax, law, compliance, government, media - Thomson Reuters offers assistance to professionals, aiding them to adapt and thrive in the current digital disruption era.
Docusign is a trusted platform that focuses on streamlining and automating agreement processes for organizations. Its main business is to facilitate efficiency and convenience in the way contracts and documents are handled, thus solving issues with manual or paper-based methods. Its key offerings include eSignature, a tool allowing electronic signing from virtually any location and any device, and regardless of the time.
Gatekeeper is a vendor & contract lifecycle management (VCLM) platform. It helps businesses gain visibility over their vendor & contract portfolios, surfacing opportunities for cost consolidation and giving foresight of all renewals.
It then puts them in control of their associated processes using its workflow engine to automate activities like new vendor onboarding, contract negotiations and infosec questionnaires, ensuring mandated processes are followed and manual work is minimised.
Finally, it helps companies safeguard compliance and manage third-party risk by creating audit-ready activity trails for every aspect of their vendor and contract operations as well as integrating third-party financial and cyber data feeds.
Gartner Research
Features of Advanced Contract Analytics
Mandatory Features:
Contract visibility/data extraction — Extract and classify contract data to provide better visibility and reporting on contract metadata, and terms and conditions. This is primarily used as a signed contract database and as part of a third-party-generated contract negotiation. Advanced capabilities include the ability to train custom AI models.
Optional Features:
Automated contract review — Review, compare and identify contract clauses that are missing or do not meet the standard of acceptance based on the organization’s predefined thresholds. This may include automated redlining and negotiation with a third party.
Contract risk analysis — Identify and score risk at the clause and contract level against a predetermined organizational threshold or market standard. This may include dashboarding and risk remediation recommendations
Continuous improvement — Analyze contract data to inform process improvement, contract templates and best practices for contracting within the organization