ContractWorks vs ThoughtRiver

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.

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.