TermScout
TermScout provides an AI-powered platform for contract reviews, offering tools like a public contract database, AI legal assistant, and a certification service to enhance contract transparency and efficiency.
Services
TermScout offers several key services centered around contract reviews and data analysis. These include AI contract reviews, allowing users to efficiently upload and review contracts for immediate insights. Their Certify™ service provides third-party validation of contract terms, facilitating faster deal closures for sales teams. Additional enterprise solutions encompass custom AI review packages and bulk verified reviews, providing comprehensive support tailored to organizational needs. The company also offers a Scout Plan, which includes 10 AI reviews per month alongside access to rare clause radar and AI legal assistant tools.
Products
TermScout's product offerings revolve around their advanced contract analysis capabilities. The platform includes AI contract reviews, which boast a minimum accuracy of 85%, with options to achieve up to 99% accuracy through verification. The Public Contract Database represents another key product, granting access to millions of data points from thousands of public contracts, enabling users to explore and analyze numerous contract clauses. The Certify™ service, which validates contract terms, is designed to aid sales teams in closing deals more quickly by providing trusted third-party certification.
AI Contract Reviews
TermScout’s AI contract reviews enable users to upload and review contracts promptly, providing immediate insights. The service ensures a base AI-only accuracy of 85%, with potential verification achieving up to 99% accuracy. This capability supports over twenty thousand contract reviews per month, making it a reliable tool for users looking to streamline their contract analysis processes. The AI review service is a core component of TermScout's enterprise solutions and Scout Plan, which are designed to meet varying business needs, from single users to large organizations.
Public Contract Database
TermScout’s Public Contract Database offers extensive resources for contract analysis, featuring access to millions of data points from thousands of public contracts. Users can explore and analyze a broad range of contract clauses within this database. It serves as a beneficial tool for legal professionals, businesses, and other users seeking to understand contract stipulations and trends. The rich database supports TermScout's overarching goal of providing deep insights and transparency in contract review and certification processes.