Best Contract Analysis Software

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...

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All Products

(1-25 of 49)

1
Conga CLM

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.

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2
Aavenir Obligationflow

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…

3
Della
0 reviews

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…

4
SpotDraft VerifAI

VerifAI is a generative AI powered MS-Word add-in which helps save time in contract review


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…

5
ThoughtRiver
0 reviews

ThoughtRiver, headquartered in Cambirdge, offers contract acceleration software to speed up contract decision making & provide better information to make decisions and evaluate.

6
Lexzur Core
0 reviews

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…

8
Litera Kira

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…

9
ContractKen
0 reviews

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.

10
Lexis+ Agreement Analysis

A contract analysis tool that leverages proprietary AI and machine learning to match highly negotiated clauses with alternate language.

11
Document Crunch

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.

12
Gatekeeper

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.

13
Revnue
0 reviews

Revnue is an end-to-end contract management platform built to solve complex business challenges with contracts. The platform covers all stages of contract lifecycle mana…

14
Lawgeex
0 reviews

The Lawgeex AI-powered platform automates and accelerates contracting, enabling legal teams to offload routine work and refocus on more strategic issues.

15
LexCheck
0 reviews

LexCheck is a legal technology company offering an AI-driven platform that accelerates business transactions by automatically reviewing and revising pre-execution contracts.

16
fynk
0 reviews

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…

17
Zeal

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…

18
Standav Smart Contract Analytics Platform

Smart Contract Analytics (SCA), from Standav, is a comprehensive Contract Discove…

19
ThoughtTrace
0 reviews

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…

20
Amto ContractIQ

Amto ContractIQ offers an MS Office add-in for contract drafting and review, with integration into Microsoft Word. It is used to:

✅ Revise or Improve Existing Contracts:

  • Generate any type of clause with simple instructions or use inbuilt smart suggestions.

✅ Generate New Contrac…

21
BlackBoiler's Automated Contract Markup

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…

22
ContractPodAi
0 reviews

ContractPodAi headquartered in London equips users with everything needed to manage the contracting process. From contract generation to negotiation and signature.

23
Casetext
0 reviews

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…

24
EraCLM
0 reviews

EraCLM (formerly ContractRoom) is a negotiation process and contract management platform, designed to remove the endless back-and-forth and annoying redlines - instead providing perfect drafts, frictionless negotiation, a…

25
ConvergePoint Contract Management Software

ConvergePoint Contract Management is a SaaS solution built on Microsoft 365 SharePoint that…

Learn More About Contract Analysis Software

What is Contract Analysis Software?


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.


Contract Analysis Software Features


Most contract analysis software will include the following features:


  • Compliance tracking

  • Completion tracking

  • Contract abstraction

  • Contract review

  • Electronic signature

  • Document Import & Export

  • Full-text search

  • Templates

  • Dashboard

  • Contract database

  • Legacy Contracts



Contract Analysis Software Comparison


Before choosing to invest in a contract analysis software solution, consider the following key points:


  • Ease of use: Using contract analysis software should make the process of contract review much easier. Thus, having a user-friendly interface is crucial to accomplishing this. Be sure that the vendor provides a product that is easy to use and understand, as well as any technical support that may be needed down the road.


  • Document number: Some businesses will need to review multiple contracts that are hundreds of pages long, while others will only need to review the occasional contract. , Make sure the contract analysis tool you purchase can handle the volume of contracts your business deals with.



Pricing Information


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.


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Frequently Asked Questions

What does contract analysis software do?

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.

What are the benefits of using contract analysis software?

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.

What are the best contract analysis software products?

Some of the most popular contract analysis products include:

How much does contract analysis software cost?

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.