Home/ Contract Management Software/ Lexion/ Reviews
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
Contract management software for accelerating sales
75.2%
24%
0.8%
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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
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.
AI-Generated from the text of User Reviews
The platform is incredibly simple to figure out, and the integration was a breeze.
So far, I have not found any downsides to using the Lexion platform.
Lexion p;rovides an easy to use AI-powered repository that has the capability to allow a multitude of reports to be prepared with very little effort. It allows me to provide objective evidence of the work that's being performed by the Legal function at our company, and it provides a single dashboard for identifying the current status of all pending legal matters.
I love the fact that Lexion is a one-stop-shop product that manages both contract review and repository ends of the process with everything in between. The interface is intuitive and easy to use which plays a big part in overall satisfaction if, like me, you use it every day. Workflow automation has also been a big help as we focus more on tracking formal approval processes/KPI metrics.
There are a few features that we got accustomed to in our previous solution that are not currently available with Lexion. One such feature is the ability to have draft messages automatically saved in a task in case you close out of the task itself. There have been a number of times where I've lost almost full emails containing my legal analysis of a contract.
Prior to implementing Lexion, we were using one tool for front-end contract negotiating/tracking and a separate tool as a repository. These tools did not integrate with eachother and a considerable amount of time was being eaten up just to make sure that the necessary information made its way into the repository. Our ability to track internal metrics/pull contract data was also limited in the sense that this information needed to be pulled from two places. Lexion has allowed us to move everything into one place and have much more customizable data that can be pulled.
- Extremely easy to implement and iterate on intakes/workflows without the use of third party contractors. This is a massive competitive advantage vs. other CLM tools I've used previously.
- Ability to leverage the tool as Legal's operating system due to breadth of functionality - general matter management, template version control, negotiation, respository, etc. Most competitors focus on contract-specific functionality, requiring additional resources.
- Word plugin is super handy while working through contracts - super easy to manage version control and ensure updates are posted back to the intake.
- Template creation is crazy easy via the Word plugin.
- Licensing structure is great - the value you get for the price is an absolute no-brainer.
- Business adoption has been incredibly easy due to ease of use and variety of pathways to intake.
- Repository metadata via AI has been pretty solid so far. There are obviously constraints when dealing with AI, but Lexion does a great job to position it as a quick assist to capturing metadata vs. a set it and forget it feature.
- Constant system improvement.
- Reliability.
- Wish that AI Contract Assist was included in the subscription.
Lexion has solved a ton of problems for our team, including the ability to manage stakeholder intake across a variety of matter types, simplifying the deal process, automatically ensuring all appropriate business units (e.g. Security, FP&A) have visibility into a deal pre-signature and are able to log approvals that live on the contract record, single source of truth for company contracts (vs. being lost in Drive or email), ability to track and report on signed contracts.
Having contracts in an easily searchable place is a game changer for our whole company.
It was easy to implement and get up and running and we've been able to roll out more features over time.
Nothing, it is the best tool for contract management.
Lexion helps us keep track of our contracts, helps automate our contract creation
AI-Powered filing function-AI can track the key data and terms automatically which saves a lot of time for filing documents.
The accounts function: some times the AI will create a new account because of slight differences like punctuation mark or blank with the exisiting accounts. I think this could be improved.
Lexion use the AI to find informations of the contracts like effective dates, payment terms and etc, which I have to find them mannually in the past and cost a lot of time. The AI filing function really made my work a lot easier.
I went from using a 100% manual CMS to using Lexion and it was a night and day difference. Its AI is intuitive. One thing I especially love is how helpful the customer service managers are. They are always able to help and have implemented numerous suggestions that my team sent into their current system.
Lexion, like many other AIs are still new. Some of the things I've ran into relate to the AI not picking up on sections (i.e. Termination) on it's AI review, then my team has to manually correct it.
Lexion has solved our task management problems. It incorporates task tracking and the approval process into contract requests; I love the metrics and reports Lexion provides. We also love the search features within the filed Contracts section. It saves my team a lot of time when we review a contract whenever someone has a question about a specific term within that contract. The folks at Lexion are constantly improving and adding new features without always increasing the cost-- which is also a huge plus.
I've found Lexion to be extremely intuitive, easy to set up, and easy to get my business partners using. Implementation was quick and smooth -- all of our contracts were uploaded within a few weeks and our metadata was analyzed. We have been working diligently to set up workflows, which enable us to auto-generate contracts based on our business teams' responses to certain questions, route documents quickly for approval, and manage the lifecycle of our contractsd.
As a team of 1, Lexion has made my job so much easier. First, creating workflows that can allow our business team to generate our most common forms has saved me from ankle-biting work. Second, the e-signing process is easy and quick. Third, the AI that's used to extract metadata makes tracking and monitoring our contracts so much easier.
I'd highly recommend Lexion to a legal team of any size!
There's not much to offer for an area of improvement for Lexion. Lexion is open to suggestions and appears to be building out new functionality that makes their customers' jobs easier. That is great!
Lexion is solving our end-to-end contract management process. It stores our most up-to-date templates, it allows you to set up workflows to generate contracts and route for approvals, it tracks your work and "to do" list, and makes you much more efficient so you can be freed up for other work.
Great Intake process and integrations with workflow.. The AI and Repository are well featured. The team at lexion has been extremely responsive to my suggestions and issues.
I would have liked more development on the reporting side. Specifically the insights.
Lexion has helped us develop best practices for intake workflow and contract lifecycle management. It has also allowed us to analyze our contracts at a more granular level.
Lexion delivers more efficient contract management for our teams. Integrating with other internal systems, our contracts now auto save in Lexion & are easily searchable & accessible when needed. This not only saves on manual lift for internal contracting support teams, but also provide a quick & easy means to pull a contract when it's needed, allowing contracts professionals to dedicate their time to where it's truly needed.
To date, I have not encountered anything I do not like about Lexion
Contracts respository challenges
Contracts management efficiency
Contract analytics
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It's such a seamless way to access legal
Nothing so far - I've been very impressed
I work in Talent and it gives us much quicker access to employment contract advice, reviews and changes from our legal team.