+
+

Related Products

  • Bidtracer
    39 Ratings
    Visit Website
  • R3 Contract Management for GovCon
    1 Rating
    Visit Website
  • LinkSquares
    724 Ratings
    Visit Website
  • ContractSafe
    321 Ratings
    Visit Website
  • Concord
    237 Ratings
    Visit Website
  • Filevine
    579 Ratings
    Visit Website
  • AlsoThere
    1 Rating
    Visit Website
  • Odoo
    1,714 Ratings
    Visit Website
  • Titan
    376 Ratings
    Visit Website
  • ZenTreasury
    9 Ratings
    Visit Website

About

ConsensusDocs was founded in 2007 under the leadership of twenty organizations in the architecture, engineering, and construction (A/E/C) industry, with one goal in mind: to help the industry build a better way by developing contracts that protect the best interests of the project. In order to do so, the ConsensusDocs Coalition created a process dependent upon — trust, collaboration, and innovation. As the A/E/C industry evolves, the ConsensusDocs Coalition continues to create working groups to meet the industry’s contract needs. In these working groups industry professionals come together to discuss current trends and best practices in order to develop contracts that are relevant and useful. Through numerous virtual and in person meetings, working group members are given the opportunity to express their positions regarding the contract topic and provide bases for such positions.

About

True AI delivered attorney-quality negotiation with multi-round review, automated redlining, playbook fallbacks, approvals, instructive guidance, and more. Shorten the time it takes to get from contract creation to signature, with negotiation review and markup cycles completed in near real-time. Accelerate negotiation and deal cycles, driving bottom-line savings and procurement processes. Leverage data insights to optimize your review processes and better address edge cases and accommodate feedback. Mitigate risk by ensuring compliance through AI-powered adherence to organizational and industry standards and playbook guidelines. The LexCheck AI is already equipped with best practice negotiating knowledge for most common contract types. Our team can help you tune it to your specific playbook guidance with less than 24 training samples.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Contract management solution for companies

Audience

Businesses searching for an AI contract management and negotiation software

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

$749 one-time payment
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • Lexcheck's AI system is best in the industry, using real AI technology (developed by a team of lawyers and linguists) to review and mark-up contracts according to your organisation's unique playbook within minutes. What we especially like about LexCheck is its ability to surgically amend clauses within contracts (as opposed to replacing existing wording with your organisation's preferred wording) all within minutes. LexCheck has since cut down the time our organisation's legal team reviewing and editing NDAs by 77% with the average turnaround time from beginning of review to sending Legal's comments back being less than 7 minutes. What we also find impressive and the killer feature of LexCheck is LexCheck *does not* rely on *hundreds* of samples of *one* document type in order to develop their AI system *unlike* every other AI contract review competitor in the market. Instead, they needed only *20 to 25 samples* of a contract type and only *5 samples* of each specific playbook rule to build out our AI system, regardless of the nichness or complexity of the document type or playbook rule. This made LexCheck's AI system vastly superior to other competitors our organisation has explored who either rely either on human attorneys to actually do the review/editing (which, anecotally speaking, may result in up to a week's turnaround time and fundamentally does not differ from a third party legal service provider solution) or machine learning (which require hundreds of samples of one type of document and playbook rule in order to develop their "AI" system). As our organisation's contracts are highly specialised and unique to its industry, the fact that LexCheck only requires 25 document samples and 5 samples for each playbook rule was vastly more preferable for our AI contract review solution. This is especially more so when we update our playbooks to comply with new regulation/industry standards whereby LexCheck only requires 5 samples (not hundreds) of how the new playbook rule should operate to update the AI system. Lastly, the team at LexCheck is fantastic and a dream to work with. They're professional, understanding, capable and efficient and have delivered and are delivering upon the expectations we required of them for our AI contract review solution. They've developed and implemented numerous improvements to the AI system since we've started development, and they keep us up to date on what's on the roadmap for improvements and fixes regularly. They have also provided our organisation end-to-end support with the roll-out of the AI system to the legal team with a planned rollout to the rest of the Business for self-service.

Cons

  • The LexCheck team has mostly addressed developing points with our AI system since we've started development and roll-out. Minor points are limited to the occasional formatting errors which are on their roadmap to be resolved.

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported

Company Information

ConsensusDOCS
Founded: 2007
United States
www.consensusdocs.org

Company Information

LexCheck
Founded: 2015
United States
www.lexcheck.com

Alternatives

Alternatives

Mediabox-RM

Mediabox-RM

MyMediabox

Categories

Categories

AI Contract Review Supported
AI Legal Supported
Contract Analysis Supported

Contract Management Features

Buy Side (Suppliers) Not Supported
Completion Tracking Not Supported
Compliance Tracking Not Supported
Contract Lifecycle Management Supported
Electronic Signature Supported
Full Text Search Not Supported
Government Contracts Not Supported
Pre-built Templates Supported
Sell Side (Customers) Not Supported
Specialty Contracts Not Supported
Version Control Not Supported
Workflow Management Supported

Integrations

No info available.

Integrations

No info available.
Claim ConsensusDOCS and update features and information
Claim ConsensusDOCS and update features and information
Claim LexCheck and update features and information
Claim LexCheck and update features and information