Icertis vs Legartis Detailed comparison features, price

Icertis

Icertis provides a comprehensive contract intelligence platform that helps businesses realize the full potential of their contractual relationships. The platform leverages AI to structure and connect contract data, enabling organizations to drive revenue, control spend, improve compliance, and reduce risk across the enterprise.

Icertis Contract Intelligence offers best-in-class contract lifecycle management (CLM) capabilities, along with advanced AI-powered features and enterprise integrations, providing a single source of truth for all contractual obligations and insights.

Legartis

Legartis offers an advanced Artificial Intelligence solution designed for automated contract review and comprehensive legal analytics. It assists legal, sales, and procurement teams by streamlining contract workflows and identifying potential risks. The platform operates effectively in German, English, and French, functioning independently as either a Microsoft Word add-in or a web application. Leveraging a combination of proprietary, pre-trained AI developed over seven years and Large Language Models (LLMs), Legartis ensures high accuracy, consistently achieving over 90% precision in its analyses.

The tool significantly boosts productivity by accelerating the contract review process by over 85% through highly customizable automation features like Legartis Prompts. Beyond review, Legartis facilitates the extraction of relevant data from active contracts, providing actionable insights into key performance indicators. It comes equipped with over 160 pre-trained clauses, enabling immediate analysis of various contract types, whether dealing with single documents or thousands. All contract data is processed securely on GDPR-compliant servers located in Switzerland, and an Open API allows for seamless integration with existing Contract Lifecycle Management (CLM) systems.

Pricing

Icertis Pricing

Contact for Pricing

Icertis offers Contact for Pricing pricing .

Legartis Pricing

Contact for Pricing

Legartis offers Contact for Pricing pricing .

Features

Icertis

Contract Lifecycle Management: Accelerate contract workflows by 83% or more.
Contract AI: Uncover contract risk 40% faster with AI-powered copilots.
ERP Integrations: Gain 8.6% more value from your contracts through enterprise integrations.
NegotiateAI: AI powered negotiation.
AI Studio: Streamline contract management processes.

Legartis

AI Contract Review: Accelerates contract review using pre-trained AI and LLMs.
AI Legal Analytics: Extracts relevant data and provides insights from active contracts.
Multi-language Support: Operates in German, English, and French.
High Accuracy: Achieves over 90% accuracy through multi-stage quality assurance.
Platform Integration: Available as a Word add-in and web app.
Customizable Automation: Uses Legartis Prompts for tailored automation levels.
Pre-trained Clauses: Comes with 160+ pre-trained clauses for immediate analysis.
Open API: Allows integration with CLM systems for data synchronization.
GDPR Compliant: Processes data on servers in Switzerland.

Use Cases

Icertis Use Cases

Drive revenue growth
Control spend and reduce costs
Improve contract compliance
Mitigate contractual risks
Streamline contract workflows
Enhance contract negotiation
Manage obligations
Manage proposals
Supplier Relationship Management

Legartis Use Cases

Automating routine contract reviews for legal teams.
Accelerating sales contract processing and ensuring compliance.
Improving efficiency in procurement contract analysis.
Performing large-scale analysis of active contracts for risk assessment.
Reviewing specific contract types like DPAs and NDAs quickly.
Extracting key metadata from contracts for CLM systems.

FAQs

Icertis FAQs

What is Contract Management?

Contract management is the process of managing contracts and giving the organization a competitive edge.
What is Contract Lifecycle Management?

Contract Lifecycle Management (CLM) refers to the comprehensive management of a contract's entire lifecycle, from initiation and creation through execution, performance, and renewal or expiration.
What Is Contract Intelligence?

Contract intelligence goes beyond traditional contract lifecycle management (CLM) by leveraging artificial intelligence (AI) and data analytics to unlock valuable insights and strategic value from contracts.
What is a Contractual Obligation?

A contractual obligation is a duty or responsibility that a party is legally bound to fulfill under the terms of a contract.
What is Contract Performance?

Contract performance refers to the fulfillment of contractual obligations by all parties involved in a contract.

Legartis FAQs

What does automated contract review mean?

Automated contract review means that certain contract review processes are automated. This includes pointing out faulty, missing or incomplete clauses with the help of AI. Certain work steps are carried out manually by the reviewer, others are taken over by AI.
How does Legartis’ AI work?

Our team of legal experts trains Legartis’ AI on different clause types and legal concepts. It therefore arrives pre-trained and able to analyse your contracts from day one of use.
What languages does Legartis’ AI speak?

Legartis understands and performs at a high level in these languages: German, English and French. Other languages can be trained on demand.
How accurate is Legartis' AI?

Our legal engineering team works with test sets and only releases checkpoints when the AI achieves an accuracy of over 90%. For you, this means that with Legartis AI you receive very high and consistent AI quality from day 1.
Can Legartis be integrated with other tools (e.g. CLM)?

Legartis is designed with an open API. This means that integration into other systems is possible without any problems.