ThoughtRiver
Intelligent Contract Pre-screening
Automated and bespoke interrogation of your contracts, providing a risk assessment and recommended next steps.
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.
Products and services
ThoughtRiver Contract Intelligence
With ThoughtRiver's intelligent contract analysis engine you can capture extensive information about the agreement. Not just the usual metadata that a contract management system captures, but details of positions and liability exposures.
ThoughtRiver's risk assessment engine enables users to evaluate contracts against your corporate policies and risk indicators. Designed and maintained by legal and contractual experts, the risk assessment engine is an expert system sitting on your desktop.
ThoughtRiver's workflow gives you the ability to integrate analysis and evaluation into day to day business processes, automating decisions and allowing your professional staff to focus on the areas that really count.
ThoughtRiver's contract insight functionality enables finance, sales and risk managers to see patterns and correlations across portfolios that they have never been able to see before.
