OutRiskAI vs Midly.AI Detailed comparison features, price

OutRiskAI

OutRiskAI offers an automated solution for businesses, particularly Micro, Small & Medium Enterprises (MSMEs), seeking to identify and mitigate potential risks embedded within their corporate contracts. Utilizing advanced Artificial Intelligence, the platform analyzes contract documents to predict potential issues across various industries, ranging from finance to healthcare.

The tool focuses on delivering accurate risk predictions based on AI models trained on millions of data points. OutRiskAI emphasizes data security, employing up-to-date technologies to ensure user contract information remains confidential and protected throughout the analysis process.

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.

Pricing

OutRiskAI Pricing

Paid

From $29

OutRiskAI offers Paid pricing with plans starting from $29 per month .

Midly.AI Pricing

Paid

From $47

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

Features

OutRiskAI

AI-Powered Risk Prediction: Accurately predicts risks in business contracts using AI models trained on millions of data points.
Data Security: Employs the latest security technologies to keep contract data safe.
Wide Industry Coverage: Models can predict risks across a broad range of industries, including finance and healthcare.
Contract Uploads: Allows users to upload contracts for analysis (limits based on plan).
Contract Generation: Offers contract generation capabilities (limits based on plan).
Risk Analysis Limits: Provides a specific number of risk analyses per contract (based on plan).
Solution Suggestions: Offers potential solutions for identified risks (limits based on plan).

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.

Use Cases

OutRiskAI Use Cases

Identifying potential liabilities in supplier agreements.
Assessing risks in client contracts before signing.
Reviewing partnership agreements for hidden clauses.
Ensuring compliance within service level agreements (SLAs).
Streamlining contract review processes for legal teams or business owners.
Mitigating financial or operational risks found in business contracts.

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.