Summize vs ContractWorks Detailed comparison features, price

Summize

Summize offers an integrated Contract Lifecycle Management (CLM) solution designed to streamline and accelerate contract processes across various business departments. By embedding its functionalities within commonly used tools like Microsoft Word, Outlook, Teams, and Salesforce, it enhances user adoption and efficiency. The platform utilizes proprietary AI, known as Summize Intelligent Agents (SIA), developed by legal experts to assist with tasks such as contract review, analysis, redlining, and summarizing.

It provides a unified system for contract requests, AI-powered reviews, a centralized repository for storage and management, and advanced analytics to identify risks and opportunities within contract data. Summize caters to different teams including Legal, Sales, Finance, HR, and Procurement, offering features tailored to their specific needs, such as self-serve contracting with pre-approved templates, faster deal closing, improved compliance tracking, easier management of employment contracts, and stronger vendor relationship management.

ContractWorks

ContractWorks is a comprehensive contract lifecycle management (CLM) software designed to centralize, automate, and streamline contract processes for organizations. The platform leverages advanced AI technologies, including GPT-3 and robust OCR, to accelerate contract drafting, enable instant search and review of contract terms, and simplify complex legal language for greater efficiency.

Suitable for a wide range of industries and departments, ContractWorks provides secure document storage, automated alerts, collaborative editing with Word compatibility, and scalable workflows. With built-in electronic signatures, customizable reports, and permission-based access control, it empowers legal, finance, HR, and sales teams to manage contracts with improved compliance, transparency, and speed from a single easy-to-use interface.

Pricing

Summize Pricing

Contact for Pricing

Summize offers Contact for Pricing pricing .

ContractWorks Pricing

Free Trial

ContractWorks offers Free Trial pricing .

Features

Summize

Integrated CLM: Embeds contract processes within existing business tools (Outlook, Teams, Word, HubSpot, Salesforce, Jira).
AI-Powered Review (SIA): Utilizes Summize Intelligent Agents for accelerated contract review, analysis, redlining, and redrafting within Microsoft Word.
Smart Repository: Centralized storage for easy access, management, and search of all contracts.
Contract Analytics: Leverages AI to analyze contract data, spot risks, and identify opportunities.
Self-Serve Contracting: Enables business users to create compliant contracts using pre-approved templates and workflows.
Team-Specific Solutions: Tailored functionalities for Legal, Sales, Finance, HR, and Procurement departments.
Workflow Automation: Streamlines contract requests and approvals.

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.

Use Cases

Summize Use Cases

Accelerating contract review cycles for legal teams.
Enabling sales teams to close deals faster with streamlined contract creation.
Improving compliance and spend tracking for finance departments.
Simplifying employment contract management for HR.
Organizing vendor contracts and strengthening partnerships for procurement.
Creating and managing NDAs and trial agreements directly from collaboration tools.
Centralizing contract storage for easy access and management.
Analyzing contract portfolios for risk and opportunity identification.

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.