TermScout is an AI-powered contract review software designed to streamline the contract finalization process. By harnessing AI technologies, TermScout extracts crucial information from contracts almost instantly, significantly reducing the turnaround times associated with traditional contract analysis methods.
One of its key features is access to a vast collection of anonymized and aggregated negotiated contracts, along with data from thousands of public contracts through TermScout’s Public Contract Database. This resource empowers users to learn from past contracts and create more effective agreements.
TermScout also includes Certify, a tool that facilitates swift contract negotiations. This feature helps sales teams overcome obstacles in contract discussions, enabling them to finalize deals more quickly.
The software’s reliability and trustworthiness are evidenced by its adoption in numerous companies and law firms globally, with tens of thousands of contract reviews conducted monthly.
Moreover, TermScout boasts a minimum accuracy rate of 85%, with the option to achieve up to 99% accuracy through Verification. The ultimate goal of TermScout is to eliminate friction in the contracting process, allowing both parties to comprehend contract terms more effectively and efficiently.
More details about TermScout
What drives TermScout’s mission?
TermScout is propelled by the vision of achieving a contracting process devoid of friction. Its aim is to ensure that both parties involved in a contract are fully informed and comprehend the contract terms effectively and efficiently.
What is TermScout?
TermScout stands as the premier AI contract review software globally. It expedites the contract finalization process by swiftly extracting essential contract data, significantly reducing the time typically associated with conventional contract analysis methods. With access to a vast collection of anonymized and consolidated negotiated contracts, alongside millions of data points from thousands of public contracts via TermScout’s Public Contract Database, the platform empowers users to create more effective agreements. Additionally, TermScout features Certify, a tool facilitating rapid contract negotiations, enabling sales teams to close deals promptly.
How precise is TermScout’s contract analysis?
TermScout’s contract analysis boasts a minimum accuracy level of 85%. Moreover, it offers an option to attain an accuracy level of up to 99% through its Verification feature.
How many contracts does TermScout evaluate monthly?
TermScout conducts reviews on over twenty thousand contracts monthly, showcasing its robust capacity and reliability.
