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84% 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
Contract management software for accelerating sales
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91.9%
6.6%
0.7%
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Ease of Use, AI-Powered Features, Extensive Integrations, Excellent Customer Support
Occasional Software Bugs, Limited Reporting Functionalities, Document Organisation Challenges, Inefficient AI in Specific Cases
Lexion is praised for its user-friendliness and ease of implementation, making it a popular choice for legal teams of various sizes. Users highlight the platform's seamless integration with email and other tools, making collaboration efficient. The AI-powered features, like contract analysis and data extraction, are generally well-received, although some users report occasional inaccuracies and limitations. Despite these minor drawbacks, the platform's ease of use, robust repository, and responsive customer service contribute to a positive overall experience.
AI-Generated from the text of User Reviews
It's such a seamless way to access legal
Nothing so far - I've been very impressed
I work in Talent and it gives us much quicker access to employment contract advice, reviews and changes from our legal team.
The platform is incredibly simple to figure out, and the integration was a breeze.
So far, I have not found any downsides to using the Lexion platform.
Lexion p;rovides an easy to use AI-powered repository that has the capability to allow a multitude of reports to be prepared with very little effort. It allows me to provide objective evidence of the work that's being performed by the Legal function at our company, and it provides a single dashboard for identifying the current status of all pending legal matters.
I love the fact that Lexion is a one-stop-shop product that manages both contract review and repository ends of the process with everything in between. The interface is intuitive and easy to use which plays a big part in overall satisfaction if, like me, you use it every day. Workflow automation has also been a big help as we focus more on tracking formal approval processes/KPI metrics.
There are a few features that we got accustomed to in our previous solution that are not currently available with Lexion. One such feature is the ability to have draft messages automatically saved in a task in case you close out of the task itself. There have been a number of times where I've lost almost full emails containing my legal analysis of a contract.
Prior to implementing Lexion, we were using one tool for front-end contract negotiating/tracking and a separate tool as a repository. These tools did not integrate with eachother and a considerable amount of time was being eaten up just to make sure that the necessary information made its way into the repository. Our ability to track internal metrics/pull contract data was also limited in the sense that this information needed to be pulled from two places. Lexion has allowed us to move everything into one place and have much more customizable data that can be pulled.
- Extremely easy to implement and iterate on intakes/workflows without the use of third party contractors. This is a massive competitive advantage vs. other CLM tools I've used previously.
- Ability to leverage the tool as Legal's operating system due to breadth of functionality - general matter management, template version control, negotiation, respository, etc. Most competitors focus on contract-specific functionality, requiring additional resources.
- Word plugin is super handy while working through contracts - super easy to manage version control and ensure updates are posted back to the intake.
- Template creation is crazy easy via the Word plugin.
- Licensing structure is great - the value you get for the price is an absolute no-brainer.
- Business adoption has been incredibly easy due to ease of use and variety of pathways to intake.
- Repository metadata via AI has been pretty solid so far. There are obviously constraints when dealing with AI, but Lexion does a great job to position it as a quick assist to capturing metadata vs. a set it and forget it feature.
- Constant system improvement.
- Reliability.
- Wish that AI Contract Assist was included in the subscription.
Lexion has solved a ton of problems for our team, including the ability to manage stakeholder intake across a variety of matter types, simplifying the deal process, automatically ensuring all appropriate business units (e.g. Security, FP&A) have visibility into a deal pre-signature and are able to log approvals that live on the contract record, single source of truth for company contracts (vs. being lost in Drive or email), ability to track and report on signed contracts.
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