Name: Onit ReviewAI
Author: Onit

Help Desk

Web and Video Conferencing

Customer Support

Business Intelligence (BI)

Collaboration

Contract Management

Enterprise Legal Management

Environmental Health and Safety (EHS)

Meeting Management

Procurement

VoIP

Enterprise

Accounting

Expense Management

Spend Management

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Browser

Cloud Cost Management

Cloud Storage

Component Content Management

Converged Network Adapters (CNAs)

Data Center Infrastructure Management

Data Observability

Data Pipeline

Extended Detection and Response (XDR)

Fraud Detection

Infrastructure-as-Code (IaC)

Integration Platform as a Service (iPaaS)

Internet of Things (IoT)

Interoperability

Managed Print

Network Performance Monitoring

Password Management System

Release Management

Remote Support

Session Border Controllers

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Audio Editing

Content Management

Creative Collaboration

Direct Mail Automation

Email Marketing

Gamification

Intent Data

Marketing Analytics

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Transcription

Professional Services

Customer Relationship Management (CRM)

Headless eCommerce

Multichannel Retail

Presales

Sales Intelligence

Sales

Certificate Lifecycle Management

Security

Architecture

Commercial Drone

Construction Accounting

Hotel Management

Loan Servicing

Oil and Gas

Public Sector Software

Telemedicine

Vendor Neutral Archive (VNA)

Vertical-Specific

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Onit ReviewAI is an AI-powered solution designed to automate and streamline the contract review process. It is suitable for companies of all sizes, ranging from small businesses to large enterprises. This tool caters to legal professionals, law firms, in-house legal departments, contract managers, compliance officers, and procurement professionals.

## Key Features

**AI-Powered Contract Review and Drafting**: Onit ReviewAI uses artificial intelligence to automate and enhance contract review. Users can instruct AI through configurable playbooks to review contracts, assess risk, automate actions, and assign tasks. The AI-powered contract review helps identify and address contract risk, improve compliance, and save time.

**Manage Contract Risk**: Onit ReviewAI helps legal teams effectively manage contract risk. Users can assign risk weightings to specific issues in playbooks, accurately measure risk, and prioritize and route risky contracts based on their risk score. The solution allows users to filter risk during the contract review process, focusing on high-risk contracts.

**Contract Compliance**: Onit ReviewAI improves contract compliance by identifying potential compliance issues and ensuring adherence to legal and regulatory requirements. By automating the contract review process, it reduces compliance errors and improves contract governance.

**Contract Negotiation**: Onit ReviewAI enhances the contract negotiation process by providing insights and analysis on contract terms, clauses, and risks. It helps legal teams negotiate more effectively by identifying negotiation strengths or weaknesses. The solution streamlines the negotiation workflow, saving time and improving productivity.

Onit Review AI has proven to be an invaluable tool for users when it comes to formatting and reviewing confidential contracts and agreements. The software ensures that documents are processed efficiently, saving users time and effort. It has been particularly beneficial for lawyers, as it reduces manual steps involved in contract creation and allows them to focus on higher-level tasks where their expertise is needed. Users have reported a significant reduction in manual effort, up to 50%, resulting in faster processes and reduced mental stress.

The AI-powered virtual assistant feature of Onit Review AI has received praise from users as it eliminates the need for manual contract review, saving countless hours spent on reviewing clauses and terms. The software's AI engine learns from previous corrections, providing auto-corrections or suggestions based on commonly used terms and clauses, increasing user productivity. This aspect has proven to be especially valuable for users who were unsure of how to format contracts or agreements, as Onit Review AI provides the correct format and ensures accurate presentation.

A key business problem solved by Onit Review AI is the cost-saving aspect it offers. The software eliminates the need to hire a lawyer or allocate overtime for an employee to manually review documents. As a result, businesses can save significant expenses while still ensuring accurate contract processing. Additionally, users have found that Onit Review AI streamlines contract processes and reduces workload, allowing their businesses to run more efficiently overall. By automating repetitive tasks and providing intelligent suggestions, the software effectively reduces the burden on users and improves overall productivity.

Onit’s ReviewAI software uses artificial intelligence (AI) to draft, review, redline, and edit all types of contracts. Non-legal business users can automatically receive a reviewed, redlined, and approved contract via email or self-service portal. The ReviewAI Word Add-in designed for lawyers and contract professionals automatically drafts, reviews, redlines, and edits contracts against corporate standards. The pre-trained AI skillsets are ready to go out-of-the-box and can be applied to many different use cases including NDAs, MSAs, purchase agreements, and third-party contract review. When paired with a contract lifecycle management system like Onit’s, organizations obtain an AI-driven workflow that automates the entire contract lifecycle from creation to execution

Essential

Professional

ContractHero

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.

Essentials

Enterprise - Custom

Gatekeeper

Onit ReviewAI

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.

Contract Analysis

Onit

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Contract Analysis Software

Onit ReviewAI

Overview

What is Onit ReviewAI?