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Thomson Reuters Document Intelligence

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Last updated on

Company health

Employee growth
6% increase in the last year
Web traffic
1% decrease in the last quarter
Financing
February 2020 - $10M

Ratings

G2
4.6/5
(20)
Glassdoor
4.1/5
(34)

Thomson Reuters Document Intelligence description

Thomson Reuters Document Intelligence uses AI to help lawyers work faster and more efficiently. It integrates with Microsoft Word and helps lawyers draft and review contracts, find relevant clauses, and manage risks and compliance. This AI assistant is trained on data from Practical Law, a Thomson Reuters legal resource, to provide reliable and up-to-date information. While it can handle large volumes of contracts, it is also useful for individual document review, making it suitable for mid-sized companies. Document Intelligence aims to speed up contract processes, improve negotiation outcomes, and offer valuable data insights for better decision-making.


Who is Thomson Reuters Document Intelligence best for

Thomson Reuters Document Intelligence helps legal teams improve speed and efficiency. Ideal for small to large law firms and legal departments, this AI tool integrates with Microsoft Word to streamline contract drafting and review. Users praise its fast document review and AI insights, but some note issues with data extraction accuracy and cost.

  • Ideal for small to large businesses, particularly those with 1-1000 employees.

  • Best fit for legal, finance, and professional services.


Thomson Reuters Document Intelligence features

Supported

Uses AI to help draft and review contracts, improving efficiency and accuracy.

Supported

Identifies and analyzes relevant clauses in contracts, helping manage risks and compliance.

Supported

Integrates with Microsoft Word to streamline contract drafting and review.

Supported

Integrates with Practical Law, providing up-to-date legal information and resources.

Supported

Helps manage risks and ensure compliance in contract processes.

Supported

Provides valuable data insights to support better decision-making in contract management.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Value and Pricing Transparency

Rather negative
-0.33

Ease of Use

Strongly positive
+0.71

Reliability and Performance

Rather positive
+0.5

Thomson Reuters Document Intelligence pricing

The commentary is based on 4 reviews from Thomson Reuters Document Intelligence G2 reviews.

Thomson Reuters Document Intelligence pricing is generally considered high, especially for smaller organizations. While some users find the price effective, others cite cost as a primary concern. Despite the cost, many find the value proposition compelling due to the time and resource savings it delivers.

Users sentiment

Rather negative
-0.33

See the Thomson Reuters Document Intelligence pricing page.


Thomson Reuters Document Intelligence alternatives

  • Logo of DocuSign Contract Analytics
    DocuSign Contract Analytics
    Uncovers contract insights, reduces risk, and speeds decisions.
    Read more
  • Logo of ContractPodAi
    ContractPodAi
    AI-powered contracts: smarter, faster, less risk.
    Read more
  • Logo of Lexion
    Lexion
    AI contract management: faster reviews, automated workflows, reduced risk.
    Read more
  • Logo of Ironclad
    Ironclad
    Digital contracting platform automating and streamlining agreements.
    Read more
  • Logo of DocuSign CLM
    DocuSign CLM
    Automate contracts, boost compliance, gain data insights.
    Read more
  • Logo of nexlaw
    nexlaw
    AI legal assistant for faster research, drafting, and insights.
    Read more

Thomson Reuters Document Intelligence FAQ

  • What is Thomson Reuters Document Intelligence and what does Thomson Reuters Document Intelligence do?

    Thomson Reuters Document Intelligence is an AI-powered tool designed to streamline legal workflows. It integrates with Microsoft Word, facilitating contract drafting, review, and analysis. Leveraging Practical Law's legal resources, it helps manage risks and ensures compliance, offering data-driven insights for informed decision-making.

  • How does Thomson Reuters Document Intelligence integrate with other tools?

    Thomson Reuters Document Intelligence seamlessly integrates with Microsoft Word, streamlining contract drafting and review workflows. It also leverages Practical Law, enhancing its capabilities with up-to-date legal information and resources. However, integrations with non-Thomson Reuters products are limited.

  • What the main competitors of Thomson Reuters Document Intelligence?

    Key competitors of Thomson Reuters Document Intelligence include DocuSign Contract Analytics, ContractPodAi, Lexion, Ironclad, DocuSign CLM, and nexlaw. These alternatives offer similar AI-powered contract management features like automated review, risk management, and data insights.

  • Is Thomson Reuters Document Intelligence legit?

    Thomson Reuters Document Intelligence is a legitimate AI-powered tool for legal professionals. It integrates with Microsoft Word and offers features like contract drafting and review, clause identification, and risk management. Reviews suggest it's fast and efficient but can be expensive and require manual review for accuracy.

  • How much does Thomson Reuters Document Intelligence cost?

    Thomson Reuters does not publicly disclose pricing for Document Intelligence. Contact their sales team for a customized quote based on your specific document intelligence needs.

  • Is Thomson Reuters Document Intelligence customer service good?

    Thomson Reuters Document Intelligence customers praise the outstanding customer support. Users highlight the helpful and responsive service, contributing to a positive overall experience. While some users desire more training resources, the excellent support appears to mitigate this concern.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.