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What is Onit Catalyst for Contracts?

Catalyst for Contracts is designed to seamlessly integrate into your existing workflow by allowing users to utilize their preferred tools, while employing conversational AI to support legal professionals in effectively drafting language, identifying inconsistent terms, clarifying clauses, and reformulating positions, among various other tasks. Harness the power of AI and natural language processing for efficient extraction of contract data and legal text analysis to quickly gain insights into regulatory updates, identify contract patterns, and find answers to essential business inquiries. Tackle complex challenges swiftly by utilizing approved fallback options or by comparing clauses with your established clause library. Speed up the contract review process with in-contract AI features that highlight defined terms, cross-references, and potentially problematic language, ensuring a comprehensive assessment. This cutting-edge approach not only optimizes workflows but also significantly improves the accuracy and trustworthiness of legal documentation. As a result, legal teams can focus more on strategic decision-making and less on mundane tasks, ultimately enhancing overall productivity.

What is LexCheck?

Cutting-edge AI technology equips users with attorney-level negotiation capabilities, featuring multi-round reviews, automated redlining, fallback playbooks, and instructional support, all of which streamline the transition from contract creation to final approval. This innovation dramatically accelerates the negotiation and markup process, enabling rapid reviews that can occur in near real-time. By shortening deal timelines, it not only leads to significant cost reductions but also enhances the overall efficiency of procurement workflows. Employing data-driven insights allows for improved review strategies, effectively addressing edge cases while integrating valuable feedback. Furthermore, it reduces potential risks by maintaining compliance with both organizational mandates and industry standards through AI-driven adherence to established playbook protocols. LexCheck AI is pre-equipped with well-recognized negotiation best practices suitable for various common contract types. Our expert team stands ready to assist in tailoring the system to fit your specific playbook guidelines, requiring fewer than 24 training examples to do so. This customized approach guarantees that your contract negotiation process is both efficient and adept at fulfilling your particular requirements, ultimately fostering a more streamlined operational experience. With these capabilities, organizations can expect not only improved negotiations but also a strengthened competitive edge in their respective markets.

Media

Media

Integrations Supported

BusyLamp
Onit Catalyst for ELM
OnitX Contract Lifecycle Management
OnitX Enterprise Legal Management
OnitX Legal Holds Management
OnitX Legal Service Management
OnitX Legal Spend Management
OnitX Matter Management

Integrations Supported

BusyLamp
Onit Catalyst for ELM
OnitX Contract Lifecycle Management
OnitX Enterprise Legal Management
OnitX Legal Holds Management
OnitX Legal Service Management
OnitX Legal Spend Management
OnitX Matter Management

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Onit

Date Founded

2011

Company Location

United States

Company Website

www.onit.com/catalystforcontracts/

Company Facts

Organization Name

LexCheck

Date Founded

2015

Company Location

United States

Company Website

www.lexcheck.com

Categories and Features

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

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