Midly.AI vs contractSILO Detailed comparison features, price

Midly.AI

Midly.AI is an AI-powered platform designed to simplify and accelerate the contract management process for businesses. It utilizes advanced machine learning algorithms to analyze contracts, clearly identifying key terms and potential risks. This allows users to understand complex legal documents more easily and make informed decisions without getting bogged down in jargon.

The platform streamlines the entire contracting lifecycle by automating repetitive tasks such as contract creation, review, and approval. Midly.AI also enhances team collaboration with real-time features and version control, ensuring all stakeholders are aligned. With integrated digital signatures and a mini CRM, it provides a comprehensive solution for managing deals efficiently from start to finish, ultimately helping businesses improve their operational efficiency and close deals more quickly.

contractSILO

contractSILO is a robust contract management platform designed to simplify and automate the handling of contracts for individuals and businesses of all sizes. Powered by AI, it enables users to securely store, organize, and retrieve contracts within seconds, while leveraging intelligent extraction to identify critical contract data.

The platform offers features such as reminders for contract renewals, detailed financial analysis, contract categorization, discussion capabilities, and strict security measures including encryption, 2-factor authentication, and GDPR compliance. User permissions and advanced filtering ensure efficient collaboration and contract oversight, accessible from any device with an internet connection.

Pricing

Midly.AI Pricing

Paid

From $47

Midly.AI offers Paid pricing with plans starting from $47 per month .

contractSILO Pricing

Freemium

From $50

contractSILO offers Freemium pricing with plans starting from $50 per month .

Features

Midly.AI

AI-Driven Contract Analysis: Leverages advanced machine learning to review contracts, making key terms and potential risks easy to understand with clear, concise summaries.
Automated Workflows: Automates repetitive tasks like contract creation, review, and approval, freeing up teams for strategic decisions.
Real-Time Collaboration: Enables teamwork with version control and commenting features to ensure everyone is aligned.
Seamless Digital Signatures: Provides secure, efficient digital signatures to streamline the signing process and close deals faster.
Integrated Mini CRM: Keeps contracts and customer relationships in one place for effective deal management.
In-App Status Notifications: Provides updates on key contract milestones and changes within the platform.

contractSILO

AI-Scan: Extracts key contract data automatically using artificial intelligence
Advanced Security: 256-bit SSL, 2FA, and encrypted storage with ISO 27001 data centers
Custom & Multi-Level Filtering: Filter and find contracts with customizable search criteria
Automated Reminders: Never miss renewals or key dates with in-app and email alerts
Financial Analysis: Monitor expenses and income with multi-currency and dashboard reporting
Contract Categorizing: Organize contracts with tags, hierarchy, and role-based grouping
Dashboards: Get at-a-glance visibility on contract status, expiries, and financials
Collaboration: User and team management, contract discussion, and permissions control
Unlimited Attachments: Store multiple files and versions for each contract
Contract Tracking: Track contract updates, login activity, and status changes

Use Cases

Midly.AI Use Cases

Streamlining unclear sales and contract workflows for sales executives.
Reducing time spent on contract management for startup founders to focus on business growth.
Accelerating deal closure for key account managers, especially during peak periods.
Minimizing redundant escalations to legal counsel by ensuring basic updates are pre-checked.
Bridging communication gaps between disconnected teams and tools for operations managers.
Assisting entrepreneurs with limited time or legal expertise in reviewing contract details.
Empowering business development managers to explain contract terms without extensive legal knowledge.