ThoughtRiver Review goes beyond contract clause search. Review helps automate the entire initial assessment process by leveraging Fathom’s interpretative capabilities and adding a sophisticated digital risk playbook capability. Review mimics traditional legal assessment enabling you to apply risk policies based on the contractual position, the wording used and the context in which it appears.
With its extensive and continually growing pre-trained contract description framework available to all users day 1, Review has been designed to deliver value quickly to busy legal and commercial teams.
Assess contracts without reading them
How we can deliver value
ThoughtRiver will benefit you most if you are a commercial, finance, risk or legal team with a volume of contracts to assess and triage – either on a regular basis or for a project, such as reviewing your lease portfolio, supplier arrangements or checking all your contracts for compliance as part of a GDPR review.
Our charges are based on a per-contract processing fee, banded by contract length. These fees are paid via a pre-pay account, which you commit to on a quarterly or annual basis depending on your likely volume – something we can help advise on.
We establish an individual, dedicated, secure server environment to ensure the privacy of all our customers’ critical data, and there is a one-time implementation fee for this. The rest of the setup process, for example creating your personal risk profiles, is rapid and straightforward. We provide a wide range of templates and tools for you to manage this process yourself, or our experts can provide additional support if you would prefer.
Investing in ThoughtRiver Review results in:
- > 4x ROI from cost savings
- 50-80% of initial legal review time saved
- Barry Rodick, Product Owner
How do we do this?
ThoughtRiver™ worked closely with senior natural language processing and machine learning experts at Cambridge University to create the Fathom Contextual Interpretation Engine™.
Fathom lets you know the meaning of clauses, and what they mean to you.
The engine underpins our software, enabling users to gain valuable, nuanced insights into contractual risks and concerns, quickly and cost-effectively – across one or thousands of documents.