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Thomson Reuters Document Intelligence

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Company health

Employee growth
6% increase in the last year
Web traffic
1% decrease in the last quarter
Financing
February 2020 - $10M

Ratings

G2
4.6/5
(20)
Glassdoor
4.1/5
(34)

Thomson Reuters Document Intelligence description

Thomson Reuters Document Intelligence uses AI to help lawyers work faster and more efficiently. It integrates with Microsoft Word and helps lawyers draft and review contracts, find relevant clauses, and manage risks and compliance. This AI assistant is trained on data from Practical Law, a Thomson Reuters legal resource, to provide reliable and up-to-date information. While it can handle large volumes of contracts, it is also useful for individual document review, making it suitable for mid-sized companies. Document Intelligence aims to speed up contract processes, improve negotiation outcomes, and offer valuable data insights for better decision-making.


Who is Thomson Reuters Document Intelligence best for

Thomson Reuters Document Intelligence is best for legal teams looking to boost efficiency with AI. We find that it helps with drafting, review, and risk management. Users appreciate its fast document review, but some find the advanced features complex. It integrates smoothly with Microsoft Word, which is a plus for many of our users.

  • Perfect for mid-sized legal teams (100-1000 employees) seeking AI to streamline workflows and improve accuracy.

  • In our experience, it's a strong fit for finance, legal, and professional services needing efficient contract management.


Thomson Reuters Document Intelligence features

Supported

Microsoft Word Integration: Integrates with Microsoft Word for seamless document editing and review.

Supported

Contract Drafting and Review: Automated drafting and review of contracts to improve efficiency and accuracy.

Supported

Clause Identification and Extraction: Identifies and extracts key clauses within contracts.

Supported

Risk and Compliance Management: Assesses and manages risks and compliance within contracts.

Supported

Practical Law Integration: Provides access to legal resources and up-to-date information from Practical Law.

Supported

Scalable Document Review: Supports individual document review and large volumes of contracts.

Qualities

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

Value and Pricing Transparency

Rather negative
-0.33

Ease of Use

Strongly positive
+0.71

Reliability and Performance

Rather positive
+0.5

Thomson Reuters Document Intelligence pricing

The commentary is based on 4 reviews from Thomson Reuters Document Intelligence G2 reviews.

We find that Thomson Reuters Document Intelligence's pricing is generally considered higher, especially for smaller organizations. However, some users feel it's an "effective price" given the product's capabilities and time savings.

Users sentiment

Rather negative
-0.33

See the Thomson Reuters Document Intelligence pricing page.


Thomson Reuters Document Intelligence alternatives

  • Logo of DocuSign Contract Analytics
    DocuSign Contract Analytics
    Uncovers contract insights, reduces risk, and speeds decisions.
    Read more
  • Logo of ContractPodAi
    ContractPodAi
    AI-powered contracts: smarter, faster, less risk.
    Read more
  • Logo of Lexion
    Lexion
    AI contract management: faster reviews, automated workflows, reduced risk.
    Read more
  • Logo of Ironclad
    Ironclad
    Digital contracting platform automating and streamlining agreements.
    Read more
  • Logo of DocuSign CLM
    DocuSign CLM
    Automate contracts, boost compliance, gain data insights.
    Read more
  • Logo of nexlaw
    nexlaw
    AI legal assistant for faster research, drafting, and insights.
    Read more

Thomson Reuters Document Intelligence FAQ

  • What is Thomson Reuters Document Intelligence and what does Thomson Reuters Document Intelligence do?

    Thomson Reuters Document Intelligence is an AI-powered tool designed to streamline legal workflows. We find that it excels at contract drafting, review, and risk management, integrating seamlessly with Microsoft Word. It leverages Practical Law's resources to provide up-to-date legal information, boosting efficiency for legal professionals.

  • How does Thomson Reuters Document Intelligence integrate with other tools?

    Thomson Reuters Document Intelligence seamlessly integrates with Microsoft Word, enhancing drafting and review workflows. It also connects with Practical Law, providing access to a wealth of legal resources and ensuring the information used is reliable and current. We find this integration particularly helpful for staying up-to-date on legal developments.

  • What the main competitors of Thomson Reuters Document Intelligence?

    We find that Thomson Reuters Document Intelligence competes with several other contract lifecycle management (CLM) software solutions. Key competitors include DocuSign CLM, ContractPodAi, Lexion, Ironclad, and DocuSign Contract Analytics. These alternatives offer similar AI-powered features for contract analysis, automation, and risk management.

  • Is Thomson Reuters Document Intelligence legit?

    Yes, Thomson Reuters Document Intelligence is a legitimate product from a reputable company. We find that user reviews generally praise its speed and accuracy, though some have noted the cost and complex features. It appears to be a safe and helpful tool for legal professionals.

  • How much does Thomson Reuters Document Intelligence cost?

    I'm sorry, but pricing information for Thomson Reuters Document Intelligence is not publicly available. For detailed pricing, it's best to contact their sales team directly. They can provide a customized quote based on your specific needs.

  • Is Thomson Reuters Document Intelligence customer service good?

    Based on customer reviews, Thomson Reuters Document Intelligence offers outstanding customer support. Users specifically praise the responsiveness and helpfulness of the support team, contributing to a positive overall 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.

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