ContractPower vs Legartis Detailed comparison features, price

ContractPower

ContractPower is a sophisticated contract analysis platform specifically engineered for the renewable energy industry. The platform leverages specialized AI technology to analyze complex agreements, extract compliance items, and generate document-specific summaries, enabling organizations to process thousands of pages of regulations and contracts efficiently.

With its industry-specific focus, ContractPower distinguishes itself from general AI solutions by providing tailored insights for Independent Power Producers (IPPs), utilities, financial institutions, and corporate buyers. The platform's capabilities include semantic search functionality, compliance item identification, and dynamic contract summaries, resulting in an 80% reduction in contract review time.

Legartis

Legartis offers an advanced Artificial Intelligence solution designed for automated contract review and comprehensive legal analytics. It assists legal, sales, and procurement teams by streamlining contract workflows and identifying potential risks. The platform operates effectively in German, English, and French, functioning independently as either a Microsoft Word add-in or a web application. Leveraging a combination of proprietary, pre-trained AI developed over seven years and Large Language Models (LLMs), Legartis ensures high accuracy, consistently achieving over 90% precision in its analyses.

The tool significantly boosts productivity by accelerating the contract review process by over 85% through highly customizable automation features like Legartis Prompts. Beyond review, Legartis facilitates the extraction of relevant data from active contracts, providing actionable insights into key performance indicators. It comes equipped with over 160 pre-trained clauses, enabling immediate analysis of various contract types, whether dealing with single documents or thousands. All contract data is processed securely on GDPR-compliant servers located in Switzerland, and an Open API allows for seamless integration with existing Contract Lifecycle Management (CLM) systems.

ContractPower

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ContractPower

Features

Compliance Extraction: Automated identification and extraction of compliance items from contracts
Dynamic Summaries: Instant cliff notes generation for renewable energy contracts
Semantic Search: Targeted search functionality for quick information retrieval
Regulatory Updates: Real-time processing of ISO regulatory changes
Time Savings: Reduces contract review time from 12 to 3 hours weekly
Industry-Specific AI: Custom-built AI agents for renewable energy workflows

Legartis

Features

AI Contract Review: Accelerates contract review using pre-trained AI and LLMs.
AI Legal Analytics: Extracts relevant data and provides insights from active contracts.
Multi-language Support: Operates in German, English, and French.
High Accuracy: Achieves over 90% accuracy through multi-stage quality assurance.
Platform Integration: Available as a Word add-in and web app.
Customizable Automation: Uses Legartis Prompts for tailored automation levels.
Pre-trained Clauses: Comes with 160+ pre-trained clauses for immediate analysis.
Open API: Allows integration with CLM systems for data synchronization.
GDPR Compliant: Processes data on servers in Switzerland.

ContractPower

Use cases

Contract compliance monitoring
Regulatory document analysis
Due diligence for renewable energy projects
Risk assessment and management
Asset management documentation
M&A contract review
Land lease agreement analysis
Power purchase agreement review

Legartis

Use cases

Automating routine contract reviews for legal teams.
Accelerating sales contract processing and ensuring compliance.
Improving efficiency in procurement contract analysis.
Performing large-scale analysis of active contracts for risk assessment.
Reviewing specific contract types like DPAs and NDAs quickly.
Extracting key metadata from contracts for CLM systems.

ContractPower

FAQs

What makes Contract Power different from generic AI tools?

Contract Power AI is specifically designed for the renewable energy sector, providing tailored AI solutions that understand the unique challenges and requirements of industry-specific contracts. Our AI tools are fine-tuned to offer precise compliance item extraction, risk identification, and cost analysis, unlike general AI models.

How accurate is ContractPower?

Our LLM's have achieved a 90th percentile score on the LSATS, making it equivalent to having the best attorney available at any time.

How does semantic search improve my contract review process?

Semantic search within Contract Power allows you to quickly pinpoint the most relevant sections of your contracts, reducing the time spent navigating through irrelevant data. This targeted search method enhances efficiency and accuracy in contract analysis.

How secure is my data with Contract Power AI?

We will produce a SOC2 Type 1 certification at your request, and will have SOC2 Type 2 available shortly.

Legartis

FAQs

What does automated contract review mean?

Automated contract review means that certain contract review processes are automated. This includes pointing out faulty, missing or incomplete clauses with the help of AI. Certain work steps are carried out manually by the reviewer, others are taken over by AI.

How does Legartis’ AI work?

Our team of legal experts trains Legartis’ AI on different clause types and legal concepts. It therefore arrives pre-trained and able to analyse your contracts from day one of use.

What languages does Legartis’ AI speak?

Legartis understands and performs at a high level in these languages: German, English and French. Other languages can be trained on demand.

How accurate is Legartis' AI?

Our legal engineering team works with test sets and only releases checkpoints when the AI achieves an accuracy of over 90%. For you, this means that with Legartis AI you receive very high and consistent AI quality from day 1.

Can Legartis be integrated with other tools (e.g. CLM)?

Legartis is designed with an open API. This means that integration into other systems is possible without any problems.

ContractPower

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Legartis

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ContractPower vs Legartis

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