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Automated Contract Review

Turbocharge your deals and get to signature faster with an automated review and guided remediation of new contracts.

Why automate contract reviews?

As legal budgets tighten and contract flow increases, deal velocity is becoming more and more important to CEOs. Every day that sales wait for legal to review a new contract costs the organisation money. Many hours are then wasted reviewing clauses that are in fact not risky, or adding comments or boilerplate replies to the redlined version. As a result, in-house lawyers can become frustratingly bogged down as deals stagnate and the business has to wait for revenue.

 

ThoughtRiver directly increases deal velocity. That's why your lawyers will love it as much as your sales teams do.

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Up to 95% time saved for initial contract review

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Up to 80% costs saved for initial contract review

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Free your in-house team to focus on the strategic deals

Speed up your deals with automated contract review

Our pre-screening tool understands the complex information present in a contract and compares your contractual positions against a bespoke playbook. This is rolled up into a single recommended action that a business user or lawyer can easily act upon. We turbocharge your deals.

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Remediate & Negotiate the contract directly within Microsoft Word

Our pre-screening intelligence can be surfaced directly within Microsoft Word for fast remediation and redlining work by lawyers or even business users. We even allow both one-click comments and suggested clause replacements to really improve your speed.

ThoughtRiver in action

We are helping a major U.S. bank to pre-screen service agreements, SOWs and licensing agreements. We are able to help them review these contracts in around 3 minutes at a cost of $35 each; they had previously spent an average of 2-3 hours at a cost of $200 on each review.

“In a like for like comparison ThoughtRiver was faster and more accurate with its pre-screening than members of my legal team.”
GC, Global Manufacturer

Turning the future vision of the GC into today's reality

Learn how automated contract pre-screening technology can free up an in-house legal team to deliver strategic and commercial value to the wider business.

2019-03-07

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