ThoughtRiver vs Tiro

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.

Tiro is contract review and negotiation software for inbound agreements. It combines deep-learning algorithms, a logic-based expert system, and integrations with large language models such as GPT. Contracts can be checked against an organisation’s policies or industry standards, with key terms, party responsibilities, risks, and red flags identified. Negotiation support includes issue guidance, standard wording, clause libraries, precedent search, redlining, and requested-change lists. Tiro extracts contract metadata and risk data, analyzes executed contracts, and provides search and Q&A across those agreements. Risk information can appear in reports or documents or be sent to another platform. Access is available through a web app with document storage and a Microsoft Word add-on. Listed integrations include CLM, vendor management, Microsoft Teams, HighQ, and SharePoint. It currently reviews goods and services contracts across listed sectors, plus NDAs. Pricing is on request, based on volume or bulk review.