AI for Procurement Contracts: Streamline Buy-Side Negotiations
LegalOn’s AI empowers sourcing teams to speed up the review and negotiation of incoming procurement contracts, enabling faster contracting and improved compliance.
Powerful Features to Streamline Procurement Contract Review
AI Review & Redlining
Accelerate vendor and supplier contract review and negotiation with LegalOn's AI, trained by experienced attorneys to identify risks, suggest edits, and ensure compliance with your procurement policies.
Customizable Playbooks
Tailor reviews to your organization's unique needs and risk tolerance with customizable negotiation playbooks that cover a wide variety of vendor, supplier, service, and IT contracts.
Search & Store Past Contracts
Maintain a centralized repository of vendor contracts, enabling quick search and easy access to past agreements, terms, and clauses.
Legal AI Assistant
Quickly understand a contract and its summarize contractual obligations, check defined terms, draft new language, or scan for risks and business terms.
Version Control and Collaboration
Ensure easy versioning and seamless collaboration among business and legal stakeholders with LegalOn's robust version control and real-time collaboration features, including simplified ways to comment, redline, and review.
Integrated Procurement Resources
Equip your team with practical guidance and sample language integrated directly into a contract review workflow. LegalOn also comes with 100+ market-standard templates written and maintained by attorneys, tailored to jurisdiction and buy-side positions.