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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 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.
Integrations Supported
Microsoft Word
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
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