Canveo vs ContractWorks

Canveo is a web-based AI contract review and negotiation platform for companies. It supports creating, reviewing, negotiating, signing, and managing contracts, including renewal and obligation reminders. Its AI can examine a full contract or an individual clause, detect departures from company policy, and insert suggested changes. Automatic versioning and an audit trail track edits, including changes made in Microsoft Word. Counterparties can collaborate on the platform or work offline in Word without using Canveo. Contracts can be opened or created from Salesforce, HubSpot, Microsoft Word, and iManage. Other listed tools include approvals, e-signing, search, reporting, clause libraries, and template management. Signed contracts can sync to a chosen document source, or Canveo can serve as the source of truth. The company says customer data is encrypted at rest and stored on servers in Switzerland. Pricing is on request; service fees are invoiced annually in advance unless an order form or statement of work specifies otherwise.

ContractWorks is a cloud-based repository for storing, searching and tracking agreements. Its AI can identify details such as agreement type, parties, effective dates, renewal terms and notice windows; OCR and advanced search help locate contract information. Users can schedule custom reports and receive alerts about important dates. Built-in electronic signatures let recipients sign without a ContractWorks license or login. Administrators can assign permissions to invited users, and audit reports record users, dates, times and actions. ContractWorks says it is SOC 2 Type 2 compliant and uses 256-bit encryption for data in transit and at rest. It says its AWS data centers store information in multiple locations in the United States and European Union, with encrypted hourly backups. Listed integrations include Salesforce, Fujitsu ScanSnap and SAML 2.0 single sign-on. Standard costs $600 a month, billed annually, and includes unlimited users, 2,500 documents and five e-signature licenses. A 14-day free trial is available, but there is no free plan.