Legitt AI VS ContractWorks

Legitt AI Pricing

ContractWorks Pricing

Legitt AI

• 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.

ContractWorks

• Centralized Contract Repository: Secure single location for storing and organizing contracts.
• AI-Powered Search & OCR: Rapidly locate contracts, clauses, and terms using artificial intelligence.
• GPT-3 Clause Creation: Generate new contract clauses and simplify complex legal language with GPT-3 AI.
• Dynamic Drafting Templates: Create any type of contract in minutes via interactive templates.
• Collaborative 2-Way Editor: Redline and edit contracts with compatibility for MS Word.
• Automated Approval Workflows: Streamline and accelerate contract reviews and approvals.
• Built-in Electronic Signatures: Legally sign and manage agreements from anywhere.
• Customizable Reports & Alerts: Schedule reports and receive notifications on key dates and milestones.
• Permission-Based User Roles: Control access and visibility with role-based permissions.
• 24/7 Support: Around-the-clock customer support for all users.

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.

ContractWorks Use Cases

• Automating contract drafting and approval for legal teams.
• Managing contract renewals and compliance in healthcare organizations.
• Streamlining vendor agreement workflows for procurement managers.
• Centralizing sales agreements and accelerating deal closures.
• Enabling collaborative contract negotiations with internal and external stakeholders.
• Improving audit readiness with secure, permission-based contract access.

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.

ContractWorks FAQs

• What happens after the trial account expires?

  After the trial period, the account automatically converts to a paid standard license, with all contracts, tags, alerts, and user data preserved for a seamless transition.
• Can ContractWorks be accessed by clients outside the US?

  Yes, ContractWorks can be accessed globally and payments from international clients are supported.
• How are electronic signature licenses managed?

  Each plan includes a set number of electronic signature licenses, with additional packs available for purchase; only users with a license can send documents for signing, while all recipients can sign for free.
• Is there a dedicated onboarding process?

  Yes, template automation and onboarding are included in the paid implementation process, with the ContractWorks team integrating workflow and document patterns for new customers.
• What support is provided to customers?

  ContractWorks offers 24/7 customer support to assist users with setup, training, and any ongoing platform needs.

Uptime Monitor

Uptime Monitor