ThoughtRiver is an integrated contract intelligence and workflow management platform providing automated metadata capture, evaluation, workflow/governance and insight.
ThoughtRiver
Intelligent Contract Pre-screening
Automated and bespoke interrogation of your contracts, providing a risk assessment and recommended next steps.
Telephone: +44 (0)1223 423 444
Address :
Merlin House Merlin Place Milton Road Cambridge
Post Code: CB4 0DP
Country: United Kingdom
Website: http://www.thoughtriver.com
Membership Type: Corporate 21-50
ThoughtRiver addresses a fundamental problem for lawyers: you simply don’t know which part of a contract to focus on without reading it all.
Our pre-screening technology automates this review process by
- reading the contract,
- answering key questions,
- suggesting what to do next.
It works by deploying a sophisticated machine learning and natural language processing (NLP) engine which understands the contract at the sentence level. The Lexible framework then asks and answers thousands of individual questions of that contract to build a detailed picture of the obligations and rights within it.
These answers are then compared against your own playbook to produce a bespoke risk assessment and a decision on next steps for each contract.
Most commercial agreements are reviewed within minutes.
Headquartered in London and Cambridge, with offices in New Zealand and Singapore,ThoughtRiver draws on the expertise of experienced industry lawyers, leading-edge computational linguists and a customer-focused commercial team.
ThoughtRiver and World Commerce & Contracting have today announced a partnership which, when launched, will allow any user of the ThoughtRiver contract acceleration platform to instantly review a third-party NDA against the WorldCC contracting principles.
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Take a look at ThoughtRiver's curated list of legal tech blogs and podcasts that give you access to expert knowledge and insights.
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Learn how ThoughtRiver’s cloud-based, collaborative platform is purpose-built for flexible working.
11-08-2021
ThoughtRiver suggests five key metrics to help you assess the benefits of technology.
09-08-2021
ThoughtRiver tackles familiar smokescreens for lack of legal tech adoption and separates fact from fiction.
09-08-2021
Discover why it is time to include GCs in the data revolution.
22-07-2021
Use your current crisis to make a compelling case for investment in legal tech that better prepares your business for the next emergency.
20-07-2021
Learn how ThoughtRiver’s AI is trained to manage risk in a human way.
16-07-2021
Learn how legal tech digitises contracts and makes it easy for the business to unlock vital data insights at speed.
15-07-2021
Learn how ThoughtRiver’s AI is deliberately configured to err on the side of caution, and how that keeps the lawyer in control at all times.
08-07-2021
Discover four reasons why legal tech will give your business a competitive advantage.
04-07-2021
How GCs can make a compelling case for legal tech by swapping legalese for data-driven thinking that aligns with wider business goals.
02-07-2021
Learn more about the three types of artificial intelligence delivered by the ThoughtRiver platform.
30-06-2021
Legal tech enables non-legal colleagues to self-serve, freeing in-house legal from time-consuming first reviews and speeding up the contracting process.
21-05-2021
Technology, automation, and self-service have transformed countless industries in recent years — and legal is next.
18-05-2021
Legal ops play a crucial role in supporting legal departments, ensuring they are as effective and efficient as possible.
17-05-2021
Contract risk management is an essential part of what in-house lawyers do. Great contract negotiation strategies reduce contract risk and create win-wins to prevent deals from falling through.
23-04-2021
Contract negotiation is arguably the most important part of signing a deal—yet it’s overly slow, error-prone, and expensive. That’s where automation comes in.
19-04-2021
Lawyers need contract review tools that augment their valuable skill set and help them move deals to signature by intelligently identifying real issues.
16-04-2021
You’ve likely heard of the importance of sales velocity. However, there’s another metric that’s arguably even more crucial: deal velocity.
Sales velocity—a measurement of how quickly a deal moves through your pipeline—has long been considered a crucial metric. But sales velocity alone doesn't tell the whole story. The time taken by the contract review process, also known as deal...
15-04-2021
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By ThoughtRiver
Discover the formula for measuring deal velocity, learn how it can be improved, and how to ensure sales, procurement and legal are always aligned.
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