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ThoughtRiver Reviews & Product Details

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ThoughtRiver Overview

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What is ThoughtRiver?

ThoughtRiver is an AI-powered platform for reviewing and negotiating contracts more quickly and with greater precision. Billions of dollars are spent every year on making sales teams more efficient, but those dollars don't yet reach the most important and least optimized stage of the sales process, the contracting stage. This is where the real deal is done, and right now far too many deals get "stuck in legal". ThoughtRiver is fixing this with its contract acceleration platform that uses AI to help the user to effectively review a legal contract, create a detailed list of issues, then organize and manage those issues to resolution in a fraction of the time taken to do this same task manually. ThoughtRiver drives deal velocity.

ThoughtRiver Details

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Product Description

Our contract pre-screening application is designed to automate day to day routing and prioritisation decisions in large and busy corporate legal functions and is emerging as a sophisticated and technically demanding advance – and new category - in legal process automation technology.

Seller

ThoughtRiver

Description

ThoughtRiver is a company specializing in contract acceleration and automation technology. Their platform leverages artificial intelligence to analyze and review contracts, helping businesses expedite the contract negotiation process while minimizing risks. By automating routine contract review tasks, ThoughtRiver enables legal teams to focus on strategic decision-making, thereby increasing efficiency and reducing operational costs. The company’s solutions are designed to integrate seamlessly into existing workflows, providing users with actionable insights to make informed decisions.

Overview Provided by:

Angus Chudleigh

ThoughtRiver Media

On this overview page, all negotiations and their status can be viewed and drilled into

Inside a negotiation, the overview tab shows the user the status of the negotiation in terms of open issues and those that have been resolved and also the background behind each particular issue. The AI explained why it has flagged something as a potential issue.

The Digital Issues List is a complete list of issues that need to be resolved to progress a contract. ThoughtRiver’s AI automatically creates issue cards for every contract it reviews by flags risks against your playbook (for our enterprise users) or ThoughtRiver’s out-of-the-box policies. Where ...

The Digital Issues List Report is a table of issues for every negotiation. Filters allow you to see: a checklist of all issues in a contract, only high risks, only unresolved issues, and more. You can share the report directly with colleagues that have access to ThoughtRiver, download a PDF, ...