7 Best Contract Review Tools to Speed Up Your Contracting Workflows

What Is Contract Review Software?

Contract review software helps you go through contracts faster and with fewer headaches. Instead of reading every line manually, it highlights the important stuff like key terms, deadlines, and anything that looks off. It also points out risky language and suggests clearer or more compliant wording.

Some tools are great at catching things that don’t match your company’s usual terms. Others make it easier for your team to work together, with features for real-time editing and feedback, so no more passing versions back and forth over email.

If you deal with a lot of contracts, this kind of software can really cut down on the back-and-forth. It keeps things organized, helps avoid mistakes, and makes the whole review process a lot smoother.

Types of Contract Review Tools

Contract review tools come in various forms, each designed to handle specific tasks or challenges. Here’s a breakdown of the main types to help you understand which one might work best for your needs:

AI-Powered Tools

AI contract review tools make reviewing contracts faster and less stressful. These tools use artificial intelligence to scan documents, flag risks, highlight important clauses, and even suggest edits to improve clarity or compliance.

They’re a huge time-saver, especially for teams dealing with loads of contracts that need quick attention. Some tools even go a step further with features like clause comparison and risk scoring that can help you figure out which contracts to focus on first.

Here’s what AI-powered tools can assist with:

• Identifying key clauses related to the contract negotiation process, such as payment terms, renewal windows, and termination conditions
• Using natural language processing to flag risky language or clauses that stray from standard terms
• Checking for compliance with internal policies or legal standards while you scan legal documents
• Summarizing contracts to highlight key points without having to read every line
• Comparing clauses across multiple documents to spot inconsistencies during contract drafting
• Tracking edits and changes across versions to maintain a clear audit trail

Cloud-Based Platforms

Cloud-based contract review tools are great for teams that need flexibility and easy access to documents. These platforms store your contracts securely online, so you can review them from anywhere with an internet connection.

They’re packed with features like real-time collaboration, version tracking, and automatic updates, which keep everyone on the same page. For businesses with remote or distributed teams, these tools are a no-brainer; they replace clunky physical storage and outdated workflows.

With cloud-based platforms, everyone can work together smoothly, no matter where they are, which makes the contract review process faster and more efficient.

Document Management Tools

Document management tools are all about keeping your contracts organized and easy to access. With everything stored securely in one place, you don’t have to waste time digging through folders or hunting down the latest version of a document.

Many of these tools form the foundation for broader contract lifecycle management (CLM) systems. They include features like advanced search, which lets you find specific terms or clauses in seconds. 

Plus, version control makes sure that everyone is always working with the most current draft. This reduces the risk of outdated edits. They also help you stay on top of key dates by sending reminders for renewals or deadlines. 

For businesses managing a large volume of agreements, document management tools play a key role in the early stages of CLM by streamlining organization, tracking, and review across the entire contract lifecycle.

Specialized Legal Tools

Specialized legal contract review tools are built for the complex demands of law firms and in-house legal teams. They go beyond basic features to support everything from deep compliance checks to structured contract lifecycle management.

These tools are especially useful when working with high-stakes business contracts, regulatory requirements, or lengthy sales agreements. And while they’re made with legal pros in mind, they’re just as valuable for any business handling detailed or sensitive contract processes.

These tools typically include:

• Clause libraries to quickly insert commonly used or preferred language into contracts, sometimes directly within Microsoft Word files
• Compliance checks to ensure agreements meet local laws and industry regulations
• Integration with legal research databases for fast access to laws and precedents
• Pre-built templates to speed up drafting for common agreements like NDAs or sales agreements
• Automated workflows to manage reviews and approvals as part of the broader contract lifecycle management
• Detailed audit trails to track changes and keep your process transparent and reliable

Although designed for legal professionals, businesses with complex contract needs can also benefit from these tools. They provide the precision and depth required to handle detailed contract reviews without missing key details.

Best Tools to Optimize Your Contract Review Process

The right contract review tool can save you a ton of time and headaches. Whether you need AI-powered assistance, expert oversight, or a mix of both, there are tools out there to match your needs.

Let’s take a look at some of the best options to make your contract review process faster and more reliable.

1. Percipient

Managing high contract volume doesn’t have to be a headache. Percipient combines AI-powered contract review software with expert human oversight to streamline your workflow, reduce risk, and speed up your contract lifecycle.

Unlike self-service tools, Percipient offers a service-oriented approach with tailored onboarding and personalized support, ensuring your team’s unique needs are met.

Best Features

• AI-augmented contract review: Processes contracts with advanced AI to identify clauses, flag risks, and suggest edits based on your organization’s preferences.
• Human review for accuracy: Legal professionals validate AI-generated results, ensuring nuanced issues are handled effectively.
• Tailored onboarding: Customizes the AI model to align with your organization’s contract standards and specific requirements.
• Collaborative feedback loop: Provides reviewed contracts with detailed redlines and explanations for quick team adjustments.
• Metadata capture: Extracts contract metadata that can integrate with your contract management software.

Pros

• Combines AI efficiency with human expertise
• Personalized onboarding tailored to your needs
• Provides detailed redlines and explanations
• Reduces time spent on manual contract reviews
• Ensures compliance with your organization’s legal playbook
• Captures metadata for seamless integration with contract management systems
• Offers expert legal oversight for handling complex clauses
• Streamlines the review process while minimizing risks

Book a call today and see how it works!

2. Juro

Juro is an end-to-end solution designed to simplify the entire contract lifecycle, from creation to approval.

It’s suitable for businesses looking for a user-friendly platform that combines automation with collaboration, which can help make contract management smoother and less time-consuming.

Source: G2

Best Features

• Contract creation templates: Quickly draft contracts with customizable templates that fit your needs.
• Automated workflows: Streamline approvals and other processes with automated steps.
• Real-time collaboration: Teams can review, comment, and edit contracts directly on the platform.
• CRM integrations: Connect Juro with tools like Salesforce for seamless contract management.
• Analytics dashboard: Track contract progress, identify bottlenecks, and gain insights into your workflow.

Pros

• Intuitive interface that’s easy to navigate
• Automates repetitive tasks like approvals
• Good for teams needing real-time collaboration

3. ContractSafe

ContractSafe is a user-friendly contract management tool designed to help businesses securely store, organize, and track contracts. It focuses on making contracts easy to find and manage without overloading users with unnecessary complexity.

Source: G2

Best Features

• Secure cloud-based storage: Keep all your contracts in one safe and accessible location.
• Powerful search functionality: Quickly locate specific terms or clauses without digging through documents.
• Renewal alerts: Never miss important deadlines with automatic reminders for renewals and expirations.
• User-friendly interface: Easy to navigate, even for teams without technical expertise.
• Role-based permissions: Control who can view, edit, or manage contracts to maintain security.

Pros

• Search and retrieval capabilities
• Alerts help keep teams on top of deadlines
• Simple setup and navigation

4. ThoughtRiver

ThoughtRiver is a contract review platform designed to speed up the pre-screening process for contracts. It uses AI to identify risks and potential issues early, helping teams focus their attention where it’s needed most.

Source: G2

Best Features

• AI-driven pre-screening: Flags risky clauses and highlights key issues before a full review.
• Customizable playbooks: Makes sure contracts align with your organization’s preferred standards and terms.
• Visual risk reports: Provides clear, easy-to-understand summaries of potential risks.
• Integration capabilities: Works with contract management systems for seamless workflows.
• Ongoing AI learning: Adapts to your preferences over time for more accurate suggestions.

Pros

• Identifies risks early, saving time on reviews
• Maintains consistency with customizable playbooks
• Easy-to-understand risk reports for quick decision-making

5. LegalOn

LegalOn is a comprehensive contract review tool tailored for legal teams managing complex agreements. It combines AI-driven analysis with features designed to improve clarity and compliance.

With LegalOn, businesses can organize their contract review process while making sure legal standards are met.

Source: LegalOnTech.com

Best Features

• AI-powered clause analysis: Highlights potential risks and suggests edits for improved compliance.
• Clarity improvement suggestions: Helps simplify contract language for better understanding.
• Collaboration tools: Enables teams to review and edit contracts together in real time.
• Compliance checks: Ensures contracts meet regional legal requirements and company standards.
• Customizable review workflows: Tailors processes to fit your team’s specific needs.

Pros

• Suitable for complex and high-stakes contracts
• Strong focus on compliance with legal standards
• Simplifies complex legal language for better readability

6. Luminance

Luminance is an advanced AI-powered contract analysis software tool designed for legal teams and businesses dealing with large volumes of documents. Known for its speed and accuracy, Luminance leverages machine learning to analyze contracts, highlight risks and provide actionable insights.

Source: Luminance.com

Best Features

• AI-driven contract analysis: Quickly identifies risks, key clauses, and anomalies across legal documents.
• Interactive dashboard: Offers a clear overview of contract data and review progress.
• Machine learning adaptability: Learns from user feedback to improve over time.
• Bulk review capabilities: Handles large numbers of contracts simultaneously, saving time.
• Clause comparison: Highlights differences between similar clauses for consistency checks.

Pros

• Good for handling large document volumes
• Intuitive insights and risk identification
• Adapts to user preferences for more accurate results

7. Summize

Summize is a user-friendly contract review and management platform designed to simplify the contract lifecycle. It combines AI contract review software with an intuitive interface, which makes it a good option for teams seeking a straightforward yet powerful solution.

Source: G2

Best Features

• AI-powered contract summaries: Automatically generates concise summaries, highlighting key clauses and terms.
• Searchable knowledge base: Organizes contract data into an easily searchable format.
• Collaboration tools: Allows teams to review and edit contracts together efficiently.
• Integrations with business tools: Works seamlessly with platforms like Microsoft Teams and Slack for improved accessibility.
• Automated insights: Flags risks and compliance issues to reduce manual effort.

Pros

• Easy to use with a minimal learning curve
• Integrations with everyday business tools
• Saves time with automated summaries and insights

Percipient Makes Reviewing Contracts Fast & Easy

Contract reviews shouldn’t drag down your day—or your team. Percipient flips the script by combining smart AI with real legal expertise, so you can move through your contract backlog without burning out.

Instead of giving you software and leaving you to figure it out, Percipient pairs advanced automation with expert human review. That means better accuracy, faster turnarounds, and support that actually understands your business.

You’ll get tailored onboarding, clear redlines, and ongoing feedback to help you make confident decisions without second-guessing every clause.

Why wait? Book a call with Percipient today and discover how effortless contract management can be.

FAQs About Contract Review Tools

How do you carry out a contract review?

Start by reading through the contract terms carefully. Identify key details, like payment deadlines, renewal clauses, and responsibilities, and check whether everything aligns with your company’s preferred positions. Look out for vague language or conflicting sections. Many procurement teams now use AI systems that offer practical guidance and highlight issues like financial risks or compliance gaps. For high-stakes vendor agreements, involving legal counsel can also help reduce exposure and support stronger risk management.

Can you use ChatGPT to review contracts?

You can use ChatGPT or other large language models to help interpret contract language, summarize sections, or spot inconsistencies. However, while AI tools like these can offer helpful insights, they don’t replace human judgment, especially when it comes to interpreting context, evaluating negotiation points, or assessing legal risk. Think of them as a supplement, not a substitute.

What are the 4 P’s of a contract?

The 4 P’s typically refer to Parties, Performance, Payment, and Penalties. These cover who’s involved, what each side is expected to do, how and when payments happen, and what happens if one side doesn’t hold up their end. Whether you’re dealing with employment contracts or legal agreements tied to major purchases, these four elements form the backbone of any enforceable deal.

What is contract review software?

Contract review software is designed to help businesses manage contracts more efficiently. It uses AI software and automation to scan documents, conduct risk assessment, suggest edits, and check for compliance certifications or missing details. For companies navigating a complex legal landscape, especially those looking to reduce manual work and unlock cost savings, this software delivers significant value. It’s especially useful when working with high volumes of contracts or ensuring consistent standards across departments.