ContractHero vs Lexion Comparison

81% 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

ContractHero

Contract Management Software

4.9 13 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

ContractHero is an intuitive contract management software that helps companies to keep track of all their corporate contracts and notice periods. The software is capable of managing individual contracts in an efficient way, eliminating chances of chaos and unnecessary costs. It also sends automatic reminders to the users about deadlines and related tasks. Moreover, ContractHero keeps companies data completely safe with its secure servers placed in Germany, which are also in compliance with GDPR and certified by ISO 27001. The software allows admins to enable restricted access to team members, such as read and write rights, as per contract categories. Also, admins get an overview of multiple contract details within a report in Excel format in an instant, besides proceeding with conversion of contracts into PDFs for easy read and transfer in an automated manner. The software is available in German and English, which makes it ideal for international usage. ContractHero also provides adequate customer support available by email, phone or support chat. 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
Offers Custom plan.

Free Trial Not Available
Offers Custom plan.

SW Score & Breakdown

81% 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

84%
Reviews

72%
Momentum

64%
Popularity

74%

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%

Features

Total Features	10 Features	11 Features
Common Features for All	Approval Workflow Allows to route the documents to one or multiple people for seeking their approval Buy Side (Suppliers) Helps managing contracts of firms that buy investment services like securities 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 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. Government Contracts Helps taking care of Government contracts that allows you to sell your goods/services to the Government and its different agencies 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. + 7 More - Show Less	Approval Workflow Allows to route the documents to one or multiple people for seeking their approval Buy Side (Suppliers) Helps managing contracts of firms that buy investment services like securities 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 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. Government Contracts Helps taking care of Government contracts that allows you to sell your goods/services to the Government and its different agencies 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	Business Hours Online	Business Hours Online
API Support	NA	Available

Reviews & Ratings

User Rating	4.9/5 13 user ratings	4.7/5 125 user ratings
Rating Distribution	Excellent 92.3% Very Good 7.7% Average 0% Poor 0% Terrible 0%	Excellent 75.2% Very Good 24% Average 0.8% Poor 0% Terrible 0%
User Sentiments	Not Available	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	Not Available	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 Offers Custom plan.	Free Trial Not Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Essential Custom Professional Custom Enterprise Custom	Lexion Custom
	View Detailed Pricing	View Detailed Pricing

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