ThoughtRiver Review goes beyond contract clause search. Review helps automate the entire initial assessment process by leveraging Natural Language Processing (NLP) 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 contract description framework, 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’s software 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 one off or ad-hoc basis, such as reviewing your lease portfolio, supplier arrangements or checking contracts for GDPR compliance.
Our charges are based on a per-contract processing fee, banded by contract length. We establish an individual, dedicated, secure server environment to ensure the privacy of all our customers’ critical data. The setup process for your digital playbook 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.
Clients using ThoughtRiver Review report:
- more than 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.