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Ratings and Reviews 0 Ratings
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What is VerifAI?
VerifAI serves as an AI-enhanced add-in for MS-Word, significantly reducing the time lawyers spend on contract reviews by saving them up to 15 hours each week.
HIGHLIGHTS
• Utilize cutting-edge AI technology to review contracts in just 3 minutes rather than the traditional 3 hours.
• Achieve monthly savings of up to $4,088 through efficient contract assessments.
• Amplify your legal department's revenue per employee by a factor of five.
Access a comprehensive array of contract playbooks, guidelines, and related documents to streamline your workflow.
CAPABILITIES
• Identify contract risks based on the personalized criteria you establish.
Select from a variety of contract guidelines specifically designed for your industry or contract type.
Receive tailored redline suggestions that align with your guidelines.
• Pose open-ended legal inquiries to an advanced AI ChatGPT for insightful responses.
How it works
1. Download VerifAI for free as a Microsoft Add-In.
2. Open the specific contract you wish to evaluate.
3. Select from our templates or utilize your own contract playbook.
4. Quickly compare the contract against your established playbook guidelines to ensure compliance and accuracy.
This innovative tool not only streamlines contract reviews but also enhances overall legal efficiency.
What is ContractAI?
ContractAI utilizes advanced artificial intelligence to transform the contract management arena, significantly improving the ways in which contracts are analyzed, created, and negotiated. By automatically evaluating past contracts, it produces templates that incorporate terms beneficial to both parties. Its Analyzer tool leverages AI to define negotiation parameters, evaluate legal and compliance implications, identify intent behind obligations, and set acceptable limits, enabling users to make well-informed decisions in their contracting processes. Furthermore, ContractAI simplifies the traditionally cumbersome redlining phase by offering suppliers thoughtfully selected clause alternatives that promote win-win outcomes. This forward-thinking platform empowers businesses to refine negotiation terms grounded in historical data, effectively reducing the risks linked to unfavorable agreements. In addition, vendors can easily choose viable alternative terms, which leads to a significant reduction in legal and procedural costs associated with contracting while benefiting from an AI-based scoring system that enhances efficiency. This streamlined methodology not only improves individual negotiations but also cultivates a more cooperative atmosphere between all involved parties, ultimately boosting the overall success of contract management strategies. As such, ContractAI is paving the way for a future where contract processes are faster, more transparent, and more beneficial for everyone involved.
API Availability
Has API
API Availability
Has API
Pricing Information
$60/month/user
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
SpotDraft
Date Founded
2017
Company Location
United States
Company Website
spotdraft.com/verifai
Company Facts
Organization Name
App Orchid
Date Founded
2013
Company Location
United States
Company Website
contractai.apporchid.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