ThoughtRiver addresses a fundamental problem for lawyers (in-house and private practice): you simply don’t know which part of a contract to focus on without reading it all. In doing so we also address a key problem for CEOs, "how do I increase sales velocity?"
Our automated contract review technology speeds up the contracting process by reading the contract, answering key legal questions and then serving up detailed advice and guiding users through remediation within Microsoft Word. The end result is an increase in deal velocity allowing companies to pull revenues forward. We call the process, intelligent contract pre-screening.
Increase deal velocity by reviewing contracts in minutes instead of days.
Risk assessment and remediation advice served to you within Microsoft Word
Data summarised as a single recommendation for your business users to act upon
Our pre-screening technology works by deploying a sophisticated machine learning and natural language processing (NLP) engine which understands the contract at the sentence level.
These answers are then compared against your own playbook to produce a bespoke risk assessment and a decision on
Most commercial agreements are reviewed within minutes vastly increasing sales velocity and reducing the legal bottleneck.WATCH NOW
Learn how pre-screening and AI remediation technology speeds up contracting within your business and turns your lawyers into the strategic advisors you want them to be.