Ironclad vs Lexion Comparison

98% 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

Ironclad

Contract Management Software

4.7 223 user ratings

Get Free Advice

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

Get Free Advice

Overview

Description	Ironclad is a digital contracting platform that helps its users to streamline and automate all their contacts from simple to complex. The software is equipped with a workflow designer that pairs with a drag-and-drop UI that results in making it easier for legal to bake business processes into the contracts of users. Users are provided with a powerful in-app editing, along with negotiation features, and red-lining, which make it easier for teams to work collaboratively in order to get the best deal done. One can use the dynamic repository that unlocks contracts data in real-time and gives only legal insights to participate in the business. The software empowers the business users to launch contracts on their own within the guardrails with features like self-service contracting for business users and powerful conditionality for any user. Users can trigger multiple approvals and track activities to pull the right teammates into the conversation at the right time through features such as activity feed, word native, and email-integrated. 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	98% 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 98% Reviews 87% Momentum 73% Popularity 93%	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	# 2 Most Worthy # 4 Highly Rated	Not Available

Features

Total Features	16 Features	11 Features
Common Features for All	Approval Workflow Allows to route the documents to one or multiple people for seeking their approval Auto Extraction Helps in conducting auto scanning of data and extract the required piece of information from a contract document 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 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. 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. + 13 More - Show Less	Approval Workflow Allows to route the documents to one or multiple people for seeking their approval Auto Extraction Helps in conducting auto scanning of data and extract the required piece of information from a contract document 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 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. 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	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.7/5 223 user ratings	4.7/5 125 user ratings
Rating Distribution	Excellent 72.6% Very Good 21.5% Average 5.4% Poor 0% Terrible 0.4%	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	Ironclad is a popular contract management platform praised for its user-friendly interface and robust features, especially for SMBs and nonprofits. Users appreciate the platform's intuitive workflow creation, customizable placeholders, and detailed metrics tracking. However, some users find the pricing premium and the lack of a user-admin role to be drawbacks. Ironclad streamlines contract processes, automates tasks, and centralizes contract storage, ultimately saving time and enhancing efficiency for legal teams and sales reps.	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.
	Read All User Reviews	Read All User Reviews

AI-Generated from the text of User Reviews

Pricing

Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Not Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Ironclad Custom	Lexion Custom
	View Detailed Pricing	View Detailed Pricing

Alternatives

	Icertis Contract Management 4.4 117 ratings Ironclad Vs Icertis Contract Management Conga Contracts 4.7 248 ratings Ironclad Vs Conga Contracts DocuSign CLM 4.2 406 ratings Ironclad Vs DocuSign CLM Dock 365 CMS Ironclad Vs Dock 365 CMS LinkSquares 4.7 216 ratings Ironclad Vs LinkSquares	IntelAgree 4.9 33 ratings Lexion Vs IntelAgree Ironclad 4.7 223 ratings Lexion Vs Ironclad Contract Advantage 4.6 10 ratings Lexion Vs Contract Advantage Coupa Contract Management Lexion Vs Coupa Contract Management Contractpedia Lexion Vs Contractpedia
	View All Ironclad Alternatives	View All Lexion Alternatives