Logo of Lexion

Lexion

Website LinkedIn Twitter

Last updated on

Company health

Employee growth
2% increase in the last year
Web traffic
10% decrease in the last quarter
Financing
February 2017 - $536M

Ratings

G2
4.6/5
(131)
Glassdoor
3.5/5
(3545)

Lexion description

Lexion is contract management software that helps businesses streamline and automate their contracting process. It offers a centralized platform to manage all contracts, track key terms and deadlines, and automate workflows. Lexion's AI-powered features help to simplify contract review and analysis. It's designed to be user-friendly and integrates with popular business tools. Lexion is suitable for mid-sized companies in any industry looking to improve efficiency and reduce risk in their contract management.


Who is Lexion best for

Lexion is a user-friendly contract management software praised for its intuitive interface and AI-powered features. Users appreciate the seamless integrations and excellent customer support. However, some have noted limitations with Salesforce integration customization and occasional bugs. Ideal for mid-sized businesses across various industries seeking to streamline contract workflows and automate data extraction.

  • Best for mid-sized businesses.

  • Suitable for businesses across all industries.


Lexion features

Supported

Lexion provides customizable, no-code workflow automation to streamline contract processes.

Supported

Lexion offers a clause library for storing and reusing pre-approved clauses within Microsoft Word.

Supported

Lexion supports contract creation, signing, tracking, and reporting.

Supported

Lexion uses AI to extract key info like obligations, deadlines, and financial terms.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Customer Service

Strongly positive
+1

Ease of Use

Strongly positive
+1

Reliability and Performance

Strongly positive
+1

Ease of Implementation

Strongly positive
+1

Lexion reviews

We've summarised 130 Lexion reviews (Lexion G2 reviews) and summarised the main points below.

Pros of Lexion
  • Intuitive and user-friendly interface, praised for ease of use and navigation.
  • AI-powered data extraction, automating key information retrieval.
  • Seamless integration with DocuSign and other tools.
  • Excellent customer support, responsive to feedback and requests.
  • Simple setup and onboarding process.
Cons of Lexion
  • Limited customization for the Salesforce integration.
  • Occasional bugs and glitches.
  • AI can be inaccurate with non-standard agreements and older contracts.
  • Lack of advanced reporting features.

Lexion pricing

The commentary is based on 9 reviews from Lexion G2 reviews.

Reviewers consistently praise Lexion's value, highlighting its robust features and reasonable licensing fees. Many consider it affordable, especially compared to other contract lifecycle management (CLM) solutions, and appreciate that new features are often added without price increases. Some express a desire for better e-signature pricing to consolidate functionalities.

Users sentiment

Strongly positive
+1

Lexion alternatives

  • Logo of Ironclad
    Ironclad
    Digital contracting platform automating and streamlining agreements.
    Read more
  • Logo of ContractPodAi
    ContractPodAi
    AI-powered contracts: smarter, faster, less risk.
    Read more
  • Logo of fynk
    fynk
    Effortless contract creation, e-signing, and tracking in one place.
    Read more
  • Logo of Thomson Reuters Document Intelligence
    Thomson Reuters Document Intelligence
    AI-powered contract analysis for faster, smarter legal work.
    Read more
  • Logo of ProLaw
    ProLaw
    Legal practice management: simplified time tracking, billing, and case files.
    Read more
  • Logo of Summize
    Summize
    AI-powered contract summaries and insights within your workflow.
    Read more

Lexion FAQ

  • What is Lexion and what does Lexion do?

    Lexion is a user-friendly contract management software utilizing AI. It streamlines contract creation, review, and tracking, automating workflows and centralizing all contracts within a single platform. This improves efficiency and reduces risk for mid-sized companies.

  • How does Lexion integrate with other tools?

    Lexion integrates seamlessly with DocuSign for electronic signatures and other popular business tools. It offers a smooth integration with Salesforce, although customization options for this integration are somewhat limited.

  • What the main competitors of Lexion?

    Lexion's top competitors include IntelAgree, PandaDoc, and Contractbook. These alternatives offer similar contract lifecycle management features, including automated workflows, e-signatures, and centralized repositories. Some also offer AI-powered features for contract analysis.

  • Is Lexion legit?

    Yes, Lexion is a legitimate contract management software. User reviews praise its intuitive interface, AI-powered features, and integrations. While some users mention occasional bugs and limitations in AI accuracy with non-standard contracts, Lexion is generally considered safe and effective for streamlining contract workflows.

  • How much does Lexion cost?

    I couldn't find pricing details for Lexion. For the most current pricing information, it's best to visit Lexion's website or contact their sales team directly. This will give you the most accurate pricing for their product and if it is worth the cost.

  • Is Lexion customer service good?

    Lexion's customer service is highly regarded. Users consistently praise the helpfulness and responsiveness of the support team, highlighting their willingness to address questions, provide training, and implement user feedback. They are proactive and dedicated to improving the product and user experience.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

NEW: Introducing Gralio Screen Buddy

An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.

For Individuals
Streamline your daily tasks, get helpful AI tips, and find the right tools for your workflow.
For Businesses
See how your team really works, uncover automation opportunities, and get software recommendations tailored to your processes.