Canveo vs ThoughtRiver

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.

ThoughtRiver is an AI contract review tool for agreements reviewed before or after signing. Its Lexible LLM flags issues, obligations, and risks, while Playbooks check contracts against preset criteria and show which provisions are met or unmet. Teams can generate review output or redlines, and generative editing is designed to follow drafting style and negotiation guidelines. Contracts can be submitted by email, drag and drop, or the Word add-in; the platform works inside Outlook, Word, and Teams. Listed integrations include Microsoft 365, Power BI, HighQ, and iManage, and ThoughtRiver provides a public API following the OpenAPI Specification. It focuses on in-house teams and law firms processing over 200 agreements per year, while also supporting non-legal teams. ThoughtRiver lists no free plan and a 28-day trial. Monthly plans are 6.00 USD, 14.00 USD, and $49 a month; Professional starts at £15,000 a year and Enterprise at £30,000 a year.