Icertis vs Legitt AI 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.

Legitt AI

Legitt AI provides an AI-native platform designed to enhance contract lifecycle management (CLM) and sales processes. The system utilizes artificial intelligence to assist businesses in creating, reviewing, signing, automating, and tracking contracts efficiently within a single platform. It aims to accelerate deal closures, ensure compliance, and simplify overall contract management workflows, ultimately transforming contracts into revenue drivers.

Beyond core CLM, Legitt AI offers tools for analyzing vendor contracts to improve sourcing decisions and monitor vendor performance. Its assistive sales intelligence features support opportunity management, customer negotiation, and pricing optimization. The platform includes Lana Al, an intelligent assistant that provides actionable insights, automates repetitive tasks, and offers personalized recommendations to streamline operations from lead generation to revenue tracking.

Icertis

Pricing

Contact for Pricing

Legitt AI

Pricing

Freemium

From 15$

Icertis

Features

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.

Legitt AI

Features

AI Contract Lifecycle Management: Create, e-sign, automate, and track contracts on one AI-native platform.
Assistive Sales Intelligence: Utilize AI for opportunity management, customer negotiation, and pricing optimization.
Vendor Contract Management: Analyze, compare, assess, negotiate, and track vendor contracts and performance using AI.
AI Contract Generator: Automatically create legally-binding contracts using AI algorithms.
AI Contract Review: Analyze contracts for inconsistencies, risks, and errors with AI.
AI Repo Analyzer: Examine entire contract repositories for insights and risk mitigation.
AI Contract Tracking: Monitor contract lifecycles, status, milestones, and deadlines automatically.
Lana Al Assistant: Provides AI-powered insights, workflow automation, and personalized recommendations.
Electronic Signatures: Integrated e-sign capabilities for faster contract execution.
Workflow Automation: Automate repetitive tasks, approvals, and contract renewals.

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

Legitt AI

Use cases

Accelerating sales cycles and closing deals faster.
Streamlining the entire contract lifecycle from creation to renewal.
Managing and analyzing sales contracts for improved revenue.
Optimizing vendor sourcing through AI-powered contract evaluation.
Negotiating and finalizing vendor contracts efficiently.
Monitoring vendor compliance and performance in real-time.
Improving the quality of proposals, quotes, and estimates.
Automating contract approvals and workflows.
Centralizing customer data management for sales insights.
Reducing operational costs associated with contract management.

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.

Legitt AI

FAQs

What are the challenges in implementing a CLM solution?

Challenges include resistance to change, the complexity of migrating existing contracts, integration with other systems, ensuring user adoption, and aligning the CLM solution with business processes.

How does CLM ensure confidentiality and data privacy?

CLM ensures data privacy and confidentiality through secure data handling practices, access controls, compliance with privacy laws, and safeguarding sensitive contract information.

What does the future hold for CLM technology?

The future of CLM includes increased AI and machine learning integration for predictive analytics, enhanced mobile accessibility, and improved integration with other business technologies.

Can Legitt AI integrate with ERP systems?

Yes, Legitt AI can integrate with various ERP systems, offering a comprehensive approach to enterprise resource and contract management.

Does Legitt AI provide contract lifecycle visualization?

Yes, Legitt AI offers visual representations of the contract lifecycle to improve understanding and management.