Genie AI vs Concord

❓ Has introduced AI features for contract analysis and data extraction, but not as advanced or central to the platform as AI-native solutions

Advanced algorithms that learn from legal documents to automate and enhance contract analysis, drafting, and review processes.

❓ Template-based contract creation with clause library, but limited AI-powered drafting capabilities

Does the platform offer a streamlined system for creating full-length legal documents from scratch using AI-powered suggestions, templates, and clause libraries?

❓ Basic AI-assisted contract review and analysis, focusing more on workflow than deep legal analysis

Can the platform run a systematic analysis of legal documents to identify risks, obligations, and key terms while suggesting necessary changes and improvements?

✅ Strong template-based document assembly with customizable fields and conditional logic

Can the platform be used to combine pre-approved legal content and templates to quickly create new contracts and legal documents?

❓ Basic document editing capabilities, but not a central focus compared to contract management features

Does the platform enhance document editing by suggesting improvements, corrections, and alternative language in the document, in real-time?

❌ No built-in legal research capabilities

Does the platform directly connect to legal databases and precedents that enable research and citation while drafting documents?

✅ Strong in-platform negotiation and redlining capabilities with version control and comparison tools

Can the platform help track, manage and respond to contract changes and counterparty requests during negotiations?

✅ OCR capabilities for importing and digitizing paper contracts, with automated data extraction for key fields

Can the platform automatically convert scanned documents and images into searchable, editable text while pulling out key information and data points?

✅ Real-time collaboration with commenting, tagging, and notifications; version control and audit trail

Does the platform enable multiple team members to work together on contracts in real-time, with comments, tracked changes, and version control?

✅ Sophisticated multi-step approval workflows with conditional routing, reminders, and escalations

Does the platform automate routine legal tasks and document processes through customizable rules and triggers, reducing manual work and streamlining operations?

✅ Comprehensive contract repository with advanced search, filtering, and metadata management; automated milestone tracking and renewal management

Does the platform house a centralized system to store, track, and monitor contracts throughout their lifecycle, from creation to expiry?

✅ Robust reporting dashboard with customizable reports on contract status, turnaround time, and value; exportable data

Can the platform track, measure, and visualize contract data, or team usage data to provide real-time ROI figures, actionable business and individual performance insights?

✅ Customizable private clause library with the ability to categorize and tag clauses for easy reuse

A secure repository where organizations store and manage their own frequently-used contract clauses and legal language.

❌ No community template library, focused on organization-specific templates

A shared collection of pre-built legal document templates, contributed to and accessible by all users of the platform.

✅ Comprehensive template management with version control and permission settings

A secure collection of your organization's customized document templates, accessible only to authorized team members within your company.

✅ Cloud-based solution

Is the platform accessible on the cloud and/or can it be installed directly on-premises, or using company servers?

✅ Two-way Microsoft Word integration allowing editing in Word or in the platform

A seamless integration with Microsoft Word that allows users to draft and edit documents directly within the familiar Word interface.

✅ Integrations with Google Drive, Dropbox, Box, and OneDrive

Does the platform connect with popular cloud storage platforms to access and manage documents directly within the system?

✅ Pre-built integrations with Salesforce, DocuSign, Adobe Sign, Slack, Microsoft Teams, and major CRM/ERP systems

Can you connect with your existing software via standardized APIs and/or custom integrations?

❓ Supports basic legal formatting but not as robust as specialized legal drafting tools

Can you automatically apply and maintain professional legal document formatting, including numbering, cross-references, and hierarchical styles when editing, and when importing/exporting to MS Word?

✅ Enterprise-grade security with encryption in transit and at rest

Does data remain encrypted during transmission and storage, protecting sensitive information at every stage of handling?

✅ SOC 2 Type II compliant, GDPR compliant

Which recognized security certifications and regulatory standards can verify the robustness of the platform's data protection measures?

✅ Regional data centers with controls for data sovereignty requirements

Can the customer own their own data, or can the platform use it and process it, to train their Legal AI models for example?

✅ SSO, two-factor authentication, OAuth support

Does the platform offer secure login options including API keys, 2FA, tokens, and/or single sign-on to manage system access?

✅ Granular role-based access controls with custom permission sets

Can you manage who can view, edit, and share documents through customizable user roles and restrictions?

✅ GDPR, CCPA, HIPAA compliant with audit trails for regulatory requirements

Does the platform comply with international data protection requirements including GDPR, CCPA, and other regional privacy laws?

✅ Email, chat, and phone support with knowledge base and community forum

Is there a dedicated support team providing assistance through multiple channels including live chat, email, and phone, with defined response time commitments?

❓ Structured implementation process typically taking 4-8 weeks for enterprise deployments

Is there a structured process to get teams up and running with personalized training, data migration, and system configuration support?

Pilot: ✅ Offers proof-of-concept implementations for enterprise prospectsImplementation Timeline: ❓ 4-8 weeks for full enterprise implementation with data migration and integration

If you do go down the sales process (not self-serve) then most want a quick and tailored pilot, followed by rapid implementation.

❓ Tiered subscription model based on users and features: Business ($30/user/month), Professional ($60/user/month), and Enterprise (custom pricing)

Subscription fees, usage limits, and additional costs for accessing and using the platform's features.

Self-serve: ❓ Self-serve option available but requires account setup and basic configuration before useSales: ❓ Typically 1-2 months from purchase to full implementation for enterprise clients

Self-serve caters to those who want to 'try before they buy' and don't enjoy the sales process.

❓ Some users report learning curve for administrators, limited customization options compared to enterprise CLM solutions, and occasional performance issues with large contract volumes

A collection of verified 3rd-party customer reviews documenting any known technical issues.

✅ Reports average 60-90% reduction in contract cycle times; 75% decrease in contract errors; 30-50% reduction in administrative costs

Look for firm metrics, tied to the specific tasks you're looking to drive efficiencies within.