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What is ThoughtRiver?

ThoughtRiver's innovative automated platform for contract review has the potential to transform your contract management practices significantly. By automating risk assessment and facilitating AI-driven remediation, our technology simplifies the contracting process, eliminating the need to painstakingly examine every clause for crucial information. Instead, ThoughtRiver efficiently analyzes contracts and offers valuable legal insights. This solution not only enhances lawyers' productivity but also tackles a major concern for CEOs: accelerating the pace of deals. With our platform, organizations can expedite their contracting procedures, resulting in faster contract signings and quicker revenue generation through smart pre-screening of contracts. Experience the transformation by joining the numerous satisfied legal firms and service providers that have already optimized their contracting workflows with ThoughtRiver. Embrace the future of contract management today and witness the impact on your organization’s efficiency.

What is Spellbook?

Spellbook is an artificial intelligence platform designed to automate and assist with contract drafting, legal document review, negotiation, and agreement management. The software provides AI-powered tools for law firms, in-house legal departments, and commercial legal professionals working with contracts and transactional documents. Its Microsoft Word integration enables attorneys to review agreements, generate suggested changes, and apply redlines without leaving their existing document editing environment. The contract review engine analyzes legal language to identify potential risks, missing provisions, drafting mistakes, and unfavorable terms. Users can generate comments and proposed revisions while maintaining control over which recommendations are incorporated into the final agreement. Spellbook's drafting tools support the creation of individual clauses, complete contracts, and revised provisions based on user instructions, legal context, and existing precedents. Custom legal playbooks allow organizations to save preferred contract language, negotiation positions, and review criteria for consistent application across different agreements. Its Market feature compares contractual provisions against thousands of similar agreements, with filtering based on jurisdiction, industry, and transaction characteristics. Automated contract intake capabilities can retrieve agreements from email and Slack and initiate first-pass reviews using established organizational standards. The platform also provides a searchable contract repository for storing executed agreements, tracking renewals, and monitoring contractual risks after signature. Spellbook integrates with Microsoft Word, Google Docs, Slack, Google Drive, and Microsoft OneDrive while providing enterprise security measures such as single sign-on, multifactor authentication, encryption, and audit controls.

Media

Media

Integrations Supported

Microsoft Word
HighQ

Integrations Supported

Microsoft Word

API Availability

API Availability

Pricing Information

Volume based pricing
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows
Mac

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub

Company Facts

Organization Name

ThoughtRiver

Date Founded

2013

Company Location

United Kingdom

Company Website

www.thoughtriver.com

Company Facts

Organization Name

Spellbook

Date Founded

2018

Company Location

Canada

Company Website

spellbook.com

Categories and Features

AI Contract Review

Not specified

AI Legal

Not specified

Contract Analysis

Not specified

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Legal Document Management

Access Controls
Archiving & Retention
Contract Management
Document Indexing
Document Tagging
Version Control

Categories and Features

AI Contract Review

Not specified

AI Legal

Not specified

Contract Analysis

Not specified

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