Evisort vs Ironclad

What is Genie AI?

Genie AI is a secure intelligent platform that streamlines contract drafting, reviewing, and editing with cutting-edge, AI-powered tools.

What is

Evisort

?

Founded by Harvard Law and MIT graduates, with early backing from major investors including General Atlantic, Vertex Ventures, and M12 (Microsoft's venture fund)

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What is

Ironclad

?

Founded by ex-Pixar engineer Jason Boehmig and ex-Google product designer Cai GoGwilt. Has raised over $333M in funding with a $3B+ valuation. Backed by investors like Accel, Sequoia, Y Combinator, and others.

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CORE CAPABILITIES
Genie AI
Evisort
Ironclad
AI and Machine Learning Capabilities

✅ Lawyer-supported AI and ML at the core of the platform

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✅ Pre-trained AI models for contract analysis with ability to recognize 1,000+ types of legal concepts without manual training

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✅ Ironclad AI for contract analysis, risk identification, and metadata extraction; recently enhanced with generative AI capabilities

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Contract Drafting

✅ AI-assisted contract drafting capabilities

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❌ Limited drafting capabilities; primarily focused on analysis and management of existing contracts

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❌ AI-assisted drafting capabilities through Ironclad Editor, but primarily focused on template-based drafting rather than AI-first generation

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Contract Review

✅ AI-powered contract analysis with clause-specific risk assessments

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✅ Strong AI-based contract review with automatic risk identification, deviation detection, and obligation extraction

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✅ Strong AI-powered contract review capabilities that flag risks and extract key terms

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Document Assembly

✅ AI-powered document assembly

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❌ Basic template library but not a primary focus compared to contract analysis capabilities

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✅ Template-based document assembly with workflow automation

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AI Document Editing

✅ AI-powered document editing: Ask Genie to edit your styling, suggest new clause text, or analyze key clauses. Shows tracked changes, and is private per party. Genie assists with and automates entire workflows, not just producing text responses.

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❌ Limited document editing features compared to specialized drafting tools

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✅ Ironclad Editor offers AI-assisted editing features and collaboration tools

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Legal Research Integration

❌ AI-powered legal research assistance available within the document editor, requiring specific prompts.

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❌ No significant legal research capabilities

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❌ No built-in legal research capabilities

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Negotiation Support

✅ Tools to support negotiation, including clause-by-clause editing and collaboration features.

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✅ AI-powered playbook compliance checking and deviation detection during negotiations

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✅ Redlining, version control, and approval workflow support for negotiations

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Data Extraction and OCR

✅Genie AI offers OCR capabilities. ✅Genie AI offers data extraction through their API and integrations.

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✅ Industry-leading OCR and data extraction from contracts of all types, including scanned PDFs

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✅ Advanced OCR and data extraction for legacy contracts and third-party paper

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COLLABORATION & WORKFLOW
Genie AI
Evisort
Ironclad
Collaboration Tools

✅ Built-in real-time collaboration features just like Office365 or Google Docs (No need to download your red-lined version, and make it editable, then send it on - it's all doable within Genie)

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✅ Document sharing and collaboration tools for contract review and approval workflows

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✅ Real-time collaboration with commenting, redlining, and approval workflows

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Workflow and Approval Management

✅ Workflow automation

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✅ Configurable approval workflows with automated routing based on contract attributes

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✅ Industry-leading workflow automation with customizable approval flows and routing

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Contract Management

✅ Manage your projects and organize your own template and clause library

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✅ Comprehensive contract lifecycle management from request through negotiation, execution, and post-execution monitoring

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✅ Comprehensive contract lifecycle management from creation to renewal

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Reporting and Analytics

✅ Company and user level reporting and analytics

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✅ Robust reporting and analytics on contract metadata, obligations, risks, and process metrics

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✅ Robust analytics dashboard with customizable reports and insights

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LIBRARIES & TEMPLATES
Genie AI
Evisort
Ironclad
Private Clause Library

✅ Private clause library (usable only by your legal team)

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✅ Capability to build and manage private clause libraries with AI classification

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✅ Ability to create and maintain organization-specific clause libraries

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Community Template Library

✅ Community template library available to create modular contracts

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❌ No community template library

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❌ No community template library

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Private Template Library

✅ Bring your own library of private templates usable only by your legal team, within Genie

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✅ Supports creation and management of private template libraries

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✅ Comprehensive template management for creating and maintaining organization-specific templates

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TECHNICAL ASPECTS
Genie AI
Evisort
Ironclad
Platform Type (Native vs Plugin)

✅ Cloud-based (SaaS)

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✅ Cloud-based solution with some on-premises deployment options

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✅ Cloud-based solution hosted on AWS

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Microsoft Word Compatibility

✅ Import and export Word documents (.docx) with reasonable formatting fidelity. Some styling and complex formatting may not be perfectly preserved.

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✅ Microsoft Word plugin for contract review and redlining within familiar environment

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✅ Microsoft Word plugin and .docx import/export capabilities

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Integration with Storage (Google Drive, Dropbox)

❌Coming soon (request this feature)

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✅ Integrations with major cloud storage providers including Google Drive, Dropbox, Box, and SharePoint

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✅ Integrates with cloud storage solutions including Google Drive, Dropbox, Box, and OneDrive

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Integration with Other Tools

❌ Integrates with Microsoft Word, allowing direct editing and collaboration within the platform.

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✅ Extensive API and integration capabilities with CRM, ERP, procurement, and other business systems

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✅ 200+ integrations including Salesforce, DocuSign, SAP, Workday, and other business systems

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Complex Legal Styling and Formatting

✅ Full numbering support + AI auto-styling and formatting

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❌ Focuses more on content and data than formatting or styling elements

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❌ Handles basic to intermediate formatting, but complex styling may require Word plugin

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Security & compliance
Genie AI
Evisort
Ironclad
End-to-end Encryption

❌ End-to-end encryption and encryption at rest

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✅ Enterprise-grade security with end-to-end encryption for data in transit and at rest

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

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Security Certifications

✅ Compliant with ISO27001 and SOC2 Type 2

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✅ SOC 2 Type II, ISO 27001 certified

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✅ SOC 2 Type II, ISO 27001, and GDPR compliant

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Data Sovereignty & Privacy

✅ Genie AI prioritizes data sovereignty by not training its models on user data. However, data may be processed by third-party LLMs subject to their respective data handling policies.

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✅ Configurable data residency options with regional data centers

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✅ Strong data privacy controls with options for regional data storage

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Authentication Methods

❌Multiple authentication options (coming soon) (request this feature)

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✅ Multiple authentication options including SSO, SAML, and multi-factor authentication

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✅ SSO, MFA, and other enterprise authentication methods

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Permissions & Access Control

✅ Granular access control features

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✅ Granular role-based access controls and permissions management

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✅ Granular role-based permissions and access controls

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Compliance Standards

✅ Compliant with GDPR and UK GDPR standards

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✅ GDPR, CCPA, and other major privacy regulations compliant

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✅ Compliant with GDPR, CCPA, and other major privacy regulations

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Customer Support Options

✅ Multiple support channels available (e.g., email, in-app messaging)

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✅ Multiple support channels including email, chat, and phone

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✅ Email, chat, and phone support with dedicated customer success managers for enterprise clients

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Onboarding Process

✅ For our custom plans, get setup within 3 days with a guided onboarding plan

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❌ Typical implementation takes 4-8 weeks for enterprise deployments

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❌ Structured implementation process that typically takes 4-8 weeks for enterprise deployments

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Training & Resources

✅ 1-2 weeks from agreement to full implementation

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Pilot: ❌ Structured pilot program typically lasting 4-6 weeks with defined success criteriaImplementation Timeline: ❌ Average implementation timeline of 6-12 weeks for full deployment

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Pilot: ❌ Formal pilot process requiring significant planning and implementation timeImplementation Timeline: ❌ 4-8 weeks for standard implementation, longer for complex enterprise deployments

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PRICING & ROI
Genie AI
Evisort
Ironclad
Pricing Model

✅ Genie AI offers a range of subscription plans based on usage.

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❌ Subscription-based pricing starting at approximately $30,000-$50,000 annually for mid-sized implementations, with enterprise pricing significantly higher

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❌ Subscription-based pricing with different tiers (Basic, Growth, Enterprise). Starting around $15,000 annually for smaller implementations, with enterprise deals ranging from $50,000 to $500,000+ annually

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