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Lexion is a powerful contract management software that has proven to be indispensable for businesses across various industries. Users have …
Overview
What is Lexion?
Lexion’s contract management system helps scale legal and accelerate contracting with email-driven workflows and an AI-powered repository. The solution aims to drive adoption and minimal change management, and features:Legal Ticketing: manage the intake of requests (contract reviews, legal/privacy/compliance questions,…
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What is Lexion?
Lexion’s contract management system helps scale legal and accelerate contracting with email-driven workflows and an AI-powered repository. The solution aims to drive adoption and minimal change management, and features: Legal Ticketing: manage the intake of requests (contract…
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Product Details
- About
- Tech Details
What is Lexion?
Lexion’s contract management system helps scale legal and accelerate contracting with email-driven workflows and an AI-powered repository. The solution aims to drive adoption and minimal change management, and features:
- Legal Ticketing: manage the intake of requests (contract reviews, legal/privacy/compliance questions, marketing content review, and more)
- Contract Generation: empower the business to create template contracts on their own
- Status Tracking: track/report on the status of projects
- KPI Reporting: analyze/report on key performance metrics
- Contract Analysis & Powerful Repository: find and analyze what's in contracts with search and AI.
Lexion Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Lexion is a powerful contract management software that has proven to be indispensable for businesses across various industries. Users have reported significant time savings by streamlining the approval and contract agreement process. With Lexion, users no longer have to manually track and organize contracts, as the software provides visibility and efficiency in managing contracts and legal intake. This has made it easier for non-legal stakeholders to stay informed and collaborate effectively with the legal team. The automation capabilities of Lexion have been particularly praised, as the software automatically captures, parses, files, and indexes contracts, allowing users to focus on other important tasks. Furthermore, Lexion's self-service feature for finding documents and sending out NDAs has given the legal team more time back.
One of the key pain points that Lexion solves is the issue of scattered contracts across multiple departments. By serving as a consolidated and searchable location for all contracts, Lexion eliminates the struggle of searching for agreements through filenames or constantly reaching out to the legal team for information. Additionally, the workflow function in Lexion provides transparency, accountability, and speeds up deals by eliminating time wasted on email back-and-forths. Users have also found value in Lexion's comprehensive collection, OCR, searchability, and reporting of customer contracts, which make it easier to confirm obligations and pull renewal information. The AI technology employed by Lexion simplifies contract management by automatically extracting details and capturing important information from contracts, further enhancing efficiency. Overall, Lexion has become a cost-effective and user-friendly solution that optimizes contract management processes, improves collaboration within organizations, and boosts productivity and business performance.
Intuitive and User-Friendly Interface: Many users have praised Lexion for its intuitive and user-friendly interface, with several stating that they found it incredibly easy to use without any training. The software's interface has been described as super easy to get familiar with, allowing users to navigate effortlessly and quickly understand the status of deals and tasks.
Efficient AI Capabilities: Users have consistently highlighted Lexion's AI capabilities as a major advantage. The AI-powered features, such as automatic data parsing and contract term highlighting, were commended for saving time and reducing manual data entry. Multiple reviewers mentioned that Lexion's AI function improved efficiency in their legal departments by accurately extracting key contract information.
Customizable Features: Lexion's high level of customization options received positive feedback from users. Several reviewers appreciated the ability to build reports for tasks and documents while capturing specific data points for each document type. The flexibility to adjust repository data on the fly and add fields as necessary was seen as a cool feature that made their job easier.
Inefficient Document Organization: Several users have expressed frustration with the organization of document records in Lexion, suggesting the need for a contract tree or improved categorization system to easily view related contracts.
Limited Conversion Capabilities: Some reviewers find it inconvenient that Lexion lacks the ability to convert PDF documents to Word, which hinders their workflow and requires them to use external tools for document conversion.
Challenges with E-Signature Integration: According to user feedback, integration with e-signature platforms in Lexion is not seamless. Users have mentioned difficulties and room for improvement in the signing process, such as better synchronization between Lexion and e-signature platforms.
Users commonly recommend the following:
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Give feedback to Lexion: Users suggest providing feedback to Lexion as the company values customer input and is committed to improving their product.
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Consider Lexion for a one-stop shop solution: Reviewers recommend considering Lexion for intake management and contract lifecycle management (CLM), as it offers a comprehensive solution for these needs.
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Request a trial or demo before deciding: Users advise asking competitors for a trial account or live demo to assess whether Lexion meets specific goals and requirements. This recommendation helps users make an informed decision about implementing Lexion.