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What is TermScout?

TermScout utilizes an innovative hybrid model that fuses artificial intelligence with legal acumen to conduct contract reviews with a remarkable accuracy rate exceeding 99%. This exceptional level of precision outstrips the capabilities of both AI and legal professionals when functioning in isolation. The collaboration between advanced technology and legal expertise serves as a prime example of effective partnership. Our main emphasis is on contracts pertaining to the procurement or licensing of IT services, which encompasses software, cloud solutions, hardware, professional services, independent contractor agreements, and non-disclosure agreements. We are actively broadening the spectrum of contract types included in our review services. Through a data-driven methodology, we deliver a crucial "gut check" for various categories, enabling you to refine your software contracts for the best possible results. This alignment with your business associates guarantees that your contractual goals are achieved with precision. The valuable insights we provide empower you with vital information necessary for making key decisions, thus allowing you to save time and accelerate the approval of contracts that receive high ratings. In the rapidly evolving business landscape, utilizing our services can offer you a substantial advantage over your competitors, ensuring that you stay ahead in your industry. Furthermore, this approach not only streamlines your operations but also enhances the overall quality of your agreements.

What is BlackBoiler?

BlackBoiler harnesses the power of artificial intelligence to swiftly analyze contracts by referencing your company’s past agreements and standards. Utilizing cutting-edge AI and natural language processing, it seamlessly annotates incoming contracts according to your organization's guidelines within the "Track Changes" feature. Users contribute to a machine learning feedback loop that continually enhances BlackBoiler's intelligence and operational efficiency each time it is utilized. This capability allows users to evaluate contracts with exceptional consistency while drastically cutting down on the time required. By employing AI in contract assessments, it uncovers inconsistencies and suggests revisions that align with the company's playbook, ensuring a uniform method for contract evaluation and markup, no matter who the negotiator is or where they are located. With BlackBoiler, companies can process a larger volume of contracts more quickly while empowering their teams to leverage past contract review experiences in future endeavors. Ultimately, this innovative tool not only simplifies the contract review process but also promotes a more integrated and efficient workflow throughout the organization, leading to improved collaboration and productivity among team members. This enhanced efficiency in contract handling allows teams to focus more on strategic initiatives rather than getting bogged down by administrative tasks.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

$49 per contract review
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

TermScout

Date Founded

2018

Company Location

United States

Company Website

termscout.com

Company Facts

Organization Name

BlackBoiler

Date Founded

2016

Company Location

United States

Company Website

www.blackboiler.com

Categories and Features

Categories and Features

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