Legartis vs Midly.AI Detailed comparison features, price

Legartis

Legartis offers an advanced Artificial Intelligence solution designed for automated contract review and comprehensive legal analytics. It assists legal, sales, and procurement teams by streamlining contract workflows and identifying potential risks. The platform operates effectively in German, English, and French, functioning independently as either a Microsoft Word add-in or a web application. Leveraging a combination of proprietary, pre-trained AI developed over seven years and Large Language Models (LLMs), Legartis ensures high accuracy, consistently achieving over 90% precision in its analyses.

The tool significantly boosts productivity by accelerating the contract review process by over 85% through highly customizable automation features like Legartis Prompts. Beyond review, Legartis facilitates the extraction of relevant data from active contracts, providing actionable insights into key performance indicators. It comes equipped with over 160 pre-trained clauses, enabling immediate analysis of various contract types, whether dealing with single documents or thousands. All contract data is processed securely on GDPR-compliant servers located in Switzerland, and an Open API allows for seamless integration with existing Contract Lifecycle Management (CLM) systems.

Midly.AI

Midly.AI is an AI-powered platform designed to simplify and accelerate the contract management process for businesses. It utilizes advanced machine learning algorithms to analyze contracts, clearly identifying key terms and potential risks. This allows users to understand complex legal documents more easily and make informed decisions without getting bogged down in jargon.

The platform streamlines the entire contracting lifecycle by automating repetitive tasks such as contract creation, review, and approval. Midly.AI also enhances team collaboration with real-time features and version control, ensuring all stakeholders are aligned. With integrated digital signatures and a mini CRM, it provides a comprehensive solution for managing deals efficiently from start to finish, ultimately helping businesses improve their operational efficiency and close deals more quickly.

Pricing

Legartis Pricing

Contact for Pricing

Legartis offers Contact for Pricing pricing .

Midly.AI Pricing

Paid

From $47

Midly.AI offers Paid pricing with plans starting from $47 per month .

Features

Legartis

AI Contract Review: Accelerates contract review using pre-trained AI and LLMs.
AI Legal Analytics: Extracts relevant data and provides insights from active contracts.
Multi-language Support: Operates in German, English, and French.
High Accuracy: Achieves over 90% accuracy through multi-stage quality assurance.
Platform Integration: Available as a Word add-in and web app.
Customizable Automation: Uses Legartis Prompts for tailored automation levels.
Pre-trained Clauses: Comes with 160+ pre-trained clauses for immediate analysis.
Open API: Allows integration with CLM systems for data synchronization.
GDPR Compliant: Processes data on servers in Switzerland.

Midly.AI

AI-Driven Contract Analysis: Leverages advanced machine learning to review contracts, making key terms and potential risks easy to understand with clear, concise summaries.
Automated Workflows: Automates repetitive tasks like contract creation, review, and approval, freeing up teams for strategic decisions.
Real-Time Collaboration: Enables teamwork with version control and commenting features to ensure everyone is aligned.
Seamless Digital Signatures: Provides secure, efficient digital signatures to streamline the signing process and close deals faster.
Integrated Mini CRM: Keeps contracts and customer relationships in one place for effective deal management.
In-App Status Notifications: Provides updates on key contract milestones and changes within the platform.

Use Cases

Legartis Use Cases

Automating routine contract reviews for legal teams.
Accelerating sales contract processing and ensuring compliance.
Improving efficiency in procurement contract analysis.
Performing large-scale analysis of active contracts for risk assessment.
Reviewing specific contract types like DPAs and NDAs quickly.
Extracting key metadata from contracts for CLM systems.

Midly.AI Use Cases

Streamlining unclear sales and contract workflows for sales executives.
Reducing time spent on contract management for startup founders to focus on business growth.
Accelerating deal closure for key account managers, especially during peak periods.
Minimizing redundant escalations to legal counsel by ensuring basic updates are pre-checked.
Bridging communication gaps between disconnected teams and tools for operations managers.
Assisting entrepreneurs with limited time or legal expertise in reviewing contract details.
Empowering business development managers to explain contract terms without extensive legal knowledge.