Lexion vs AXDRAFT Comparison

83% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Lexion

Contract Management Software

4.7 125 user ratings

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87% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

AXDRAFT

Contract Management Software

4.9 16 user ratings

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Overview

Description

A data extraction tool called Lexion is intended to assist legal teams in centrally organising and storing contracts. Administrators can receive information about important occurrences and automatically track vital obligations. On a single interface, the platform enables managers to design disclosure timelines for mergers and acquisitions (M&A). Through single sign-on (SSO) functionality, stakeholders can login safely and save data backups. Teams can use Lexion to protect data in accordance with SOC 2 Type 2 compliance guidelines and AES 256-bit encryption. In order to organise agreements and other papers on a consolidated dashboard, managers can also use AI-enabled solutions. Legal experts can view contract information and monitor development in relation to key performance parameters (KPIs). Businesses can save documents on Google Drive, SharePoint, Box, Dropbox, and OneDrive using Lexion. Operators can send links to shared agreements, including master agreements, addenda, and more. To manage, analyse, and report on what is in their contracts and set up notifications for important events or milestones, in-house counsel, finance, procurement, sales, and business operation departments use this system. Brooks Running, Apptio, Outreach, Blue Nile, Trupanion, Matterport, Abstract, Hippo Insurance, and numerous other companies are among Lexion's clients. Read more

AXDRAFT is a contract lifecycle management software that provides companies with a one-stop shop to manage their contracts. The software comes with plenty of legal templates that can be used to draft, sign, approve, and store contracts. AXDRAFT includes a robust AI automation engine that allows companies to process 100-page documents within seconds. It can be used to draft legal documents that too in a language that customers and clients know and use. Moreover, it can also create bilingual contracts. With AXDRAFT’s automation capabilities, users can draft contracts in under 4 weeks. Users just need to provide the documents that they want to include in the contract. After that, the software analyses the documents for patterns, develop custom workflows and ensures that the used templates are error-free and complement their corporate style. In this way, AXDRAFT helps companies to improve their contract management faster by 40%. Read more

Pricing Options

Free Trial Not Available
Lexion Offers Custom plan.

Free Trial Not Available
AXDRAFT Offers Custom plan.

SW Score & Breakdown

83% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

88%
Reviews

60%
Momentum

63%
Popularity

78%

87% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

89%
Reviews

68%
Momentum

64%
Popularity

85%

Features

Total Features	11 Features	11 Features
Common Features for All	Approval Workflow Allows to route the documents to one or multiple people for seeking their approval Buy Side (Suppliers) Helps managing contracts of firms that buy investment services like securities Completion Tracking Helps in setting certain completion criteria for any activity within a contract management process Contact Management Organizing customer data in a centralized location and handling contact details, demographics, transactions, etc. Contract Drafting Helps in drafting a reliable and secure contract for understanding properly the terms of the agreement Contract Templates Provides ready-made beautiful templates for writing different types of contracts Digital Signature A facility to capture digital signature in a secure format Document Management Ability to store and manage various information and documents in electronic format. Full Text Search Allows and helps in searching for a single or a collection of computer-stored documents in a full-text database. Lifecycle Management Helps in automating and managing all the critical phases of a contract, starting from its initiation until its compliance and renewal. Milestone Tracking They act as signposts through the course of your project, as they help to ensure that you're staying on track. Sell Side (Customers) Helps in managing the contracts related to the firms that sell investment services to asset management firms/organizations Specialty Contracts Helps managing specialty or formal contracts that mainly are written agreements, as a deed. Version Control It gives the team the ability to recall specific versions of a document, code, content, file, or folder that records changes over time. + 8 More - Show Less	Approval Workflow Allows to route the documents to one or multiple people for seeking their approval Buy Side (Suppliers) Helps managing contracts of firms that buy investment services like securities Completion Tracking Helps in setting certain completion criteria for any activity within a contract management process Contact Management Organizing customer data in a centralized location and handling contact details, demographics, transactions, etc. Contract Drafting Helps in drafting a reliable and secure contract for understanding properly the terms of the agreement Contract Templates Provides ready-made beautiful templates for writing different types of contracts Digital Signature A facility to capture digital signature in a secure format Document Management Ability to store and manage various information and documents in electronic format. Full Text Search Allows and helps in searching for a single or a collection of computer-stored documents in a full-text database. Lifecycle Management Helps in automating and managing all the critical phases of a contract, starting from its initiation until its compliance and renewal. Milestone Tracking They act as signposts through the course of your project, as they help to ensure that you're staying on track. Sell Side (Customers) Helps in managing the contracts related to the firms that sell investment services to asset management firms/organizations Specialty Contracts Helps managing specialty or formal contracts that mainly are written agreements, as a deed. Version Control It gives the team the ability to recall specific versions of a document, code, content, file, or folder that records changes over time. + 8 More - Show Less

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud	SaaS/Web/Cloud
Modes of Support	Online	Online
API Support	Available	NA

Reviews & Ratings

User Rating	4.7/5 125 user ratings	4.9/5 16 user ratings
Rating Distribution	Excellent 75.2% Very Good 24% Average 0.8% Poor 0% Terrible 0%	Excellent 93.8% Very Good 6.3% Average 0% Poor 0% Terrible 0%
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AI-Generated from the text of User Reviews

Pricing

Pricing Options	Free Trial Not Available Lexion Offers Custom plan.	Free Trial Not Available AXDRAFT Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Lexion Custom	AXDRAFT Custom
	View Detailed Pricing	View Detailed Pricing

Alternatives

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