Contractbook vs Lexion Comparison

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Contractbook

Contract Management Software

4.8 137 user ratings

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85% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Lexion

Contract Management Software

4.7 125 user ratings

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Overview

Description	Contractbook is an online contract management tool used to create, sign and store contracts and legal documents safely. Contracts can be created from ground up or choosing from a list of preset templates, after which they can be digitally signed and sent to recipients. The contracts can be uploaded and stored in the cloud to keep them safe, where they can be organized and accessed in a GDPR-friendly manner. Users are able to track the status of the contract sent to recipients and receive notifications when it is signed to ensure a paperless, timely transaction. Other features that make Contractbook highly functional include – full text search, contract milestone tracking, contract drafting among others. Contractbook allows users to manage contracts from beginning to finish; from drafting to signing to sharing and storing. It also allows collaboration to work on drafts, comments and negotiations and relevant real-time stats. To ensure the whole process goes smoothly and efficiently, the software provides advice for easy setup of the software, virtual assistance to help schedule meetings for decision making and can recommend the right lawyers for a legal review. Contractbook also provides API integrations to over 1500 apps using zapier. Read more	A data extraction tool called Lexion is intended to assist legal teams in centrally organising and storing contracts. Administrators can receive information about important occurrences and automatically track vital obligations. On a single interface, the platform enables managers to design disclosure timelines for mergers and acquisitions (M&A). Through single sign-on (SSO) functionality, stakeholders can login safely and save data backups. Teams can use Lexion to protect data in accordance with SOC 2 Type 2 compliance guidelines and AES 256-bit encryption. In order to organise agreements and other papers on a consolidated dashboard, managers can also use AI-enabled solutions. Legal experts can view contract information and monitor development in relation to key performance parameters (KPIs). Businesses can save documents on Google Drive, SharePoint, Box, Dropbox, and OneDrive using Lexion. Operators can send links to shared agreements, including master agreements, addenda, and more. To manage, analyse, and report on what is in their contracts and set up notifications for important events or milestones, in-house counsel, finance, procurement, sales, and business operation departments use this system. Brooks Running, Apptio, Outreach, Blue Nile, Trupanion, Matterport, Abstract, Hippo Insurance, and numerous other companies are among Lexion's clients. Read more
Pricing Options	Free Trial Not Available Starts at $400.00. Offers Custom plan.	Free Trial Not Available Offers Custom plan.
SW Score & Breakdown	94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 93% Reviews 87% Momentum 67% Popularity 92%	85% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 88% Reviews 82% Momentum 64% Popularity 78%
SaaSworthy Awards	# 9 Highly Rated # 4 Fastest Growing	Not Available

Features

Total Features	13 Features	11 Features
Common Features for All	Approval Workflow Allows to route the documents to one or multiple people for seeking their approval Completion Tracking Helps in setting certain completion criteria for any activity within a contract management process Contact Management Organizing customer data in a centralized location and handling contact details, demographics, transactions, etc. Contract Drafting Helps in drafting a reliable and secure contract for understanding properly the terms of the agreement Contract Templates Provides ready-made beautiful templates for writing different types of contracts Digital Signature A facility to capture digital signature in a secure format Document Management Ability to store and manage various information and documents in electronic format. Full Text Search Allows and helps in searching for a single or a collection of computer-stored documents in a full-text database. Lifecycle Management Helps in automating and managing all the critical phases of a contract, starting from its initiation until its compliance and renewal. Milestone Tracking They act as signposts through the course of your project, as they help to ensure that you're staying on track. Sell Side (Customers) Helps in managing the contracts related to the firms that sell investment services to asset management firms/organizations Specialty Contracts Helps managing specialty or formal contracts that mainly are written agreements, as a deed. Version Control It gives the team the ability to recall specific versions of a document, code, content, file, or folder that records changes over time. + 10 More - Show Less	Approval Workflow Allows to route the documents to one or multiple people for seeking their approval Completion Tracking Helps in setting certain completion criteria for any activity within a contract management process Contact Management Organizing customer data in a centralized location and handling contact details, demographics, transactions, etc. Contract Drafting Helps in drafting a reliable and secure contract for understanding properly the terms of the agreement Contract Templates Provides ready-made beautiful templates for writing different types of contracts Digital Signature A facility to capture digital signature in a secure format Document Management Ability to store and manage various information and documents in electronic format. Full Text Search Allows and helps in searching for a single or a collection of computer-stored documents in a full-text database. Lifecycle Management Helps in automating and managing all the critical phases of a contract, starting from its initiation until its compliance and renewal. Milestone Tracking They act as signposts through the course of your project, as they help to ensure that you're staying on track. Sell Side (Customers) Helps in managing the contracts related to the firms that sell investment services to asset management firms/organizations Specialty Contracts Helps managing specialty or formal contracts that mainly are written agreements, as a deed. Version Control It gives the team the ability to recall specific versions of a document, code, content, file, or folder that records changes over time. + 8 More - Show Less

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud	SaaS/Web/Cloud
Modes of Support	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.8/5 137 user ratings	4.7/5 125 user ratings
Rating Distribution	Excellent 78.1% Very Good 21.2% Average 0.7% Poor 0% Terrible 0%	Excellent 75.2% Very Good 24% Average 0.8% Poor 0% Terrible 0%
User Sentiments	Ease of Use, Automated Contract Workflow, Extensive Integrations, Time-Saving Limited Customization Options, Occasional Bugs, Steep Learning Curve, Pricing	Ease of Use, AI-Powered Features, Extensive Integrations, Excellent Customer Support Occasional Software Bugs, Limited Reporting Functionalities, Document Organisation Challenges, Inefficient AI in Specific Cases
Review Summary	Contractbook is a highly praised contract management platform lauded for its user-friendly interface and time-saving features. Users consistently praise its ability to streamline contract workflows, automate processes, and centralize contract data. Its seamless integration with HubSpot and other tech stacks further enhances its value. While some users suggest more templates and advanced formatting options, Contractbook's customer support is consistently commended for its responsiveness and helpfulness.	Lexion is praised for its user-friendliness and ease of implementation, making it a popular choice for legal teams of various sizes. Users highlight the platform's seamless integration with email and other tools, making collaboration efficient. The AI-powered features, like contract analysis and data extraction, are generally well-received, although some users report occasional inaccuracies and limitations. Despite these minor drawbacks, the platform's ease of use, robust repository, and responsive customer service contribute to a positive overall experience.
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Pricing

Pricing Options	Free Trial Not Available Starts at $400.00. Offers Custom plan.	Free Trial Not Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Recipient plan Custom Foundation $400.00 $400.00 per month Foundation + Add-on $400.00 $400.00 per month	Lexion Custom
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