
Contract Logix
by LegalSifter (Previous known as Contract Logix)
Acquired by LegalSifter on Oct 22, 2024
Contract Logix is a robust, cloud-based contract lifecycle management (CLM) platform purpose-built to help legal, procurement, finance, and business teams streamline, automate, and secure their end-to-end contract processes. Designed with compliance, efficiency, and collaboration in mind, Contract Logix provides a centralized, AI-powered system that drives better contract visibility, control, and performance across the entire lifecycle, from request to renewal.
Repository & Search
At its core, Contract Logix features a secure, digital contract repository that serves as a single source of truth for all contracts and related documents. This centralized storage is equipped with advanced search and filtering capabilities, allowing users to easily locate, access, and analyze contract data across devices. Built-in version control, document history, and audit trails enhance transparency and governance.
Workflow Automation
Contract Logix empowers organizations to build customized, rule-based workflows using its intuitive drag-and-drop Visual Workflow Builder. Users can configure automated processes for contract intake, approvals, alerts, reviews, and escalations, ensuring that contracts are routed efficiently and in compliance with internal policies. This level of automation reduces bottlenecks, minimizes risk, and enhances operational agility.
Contract Authoring & Template Management
The platform streamlines contract creation by enabling the use of pre-approved clause libraries and contract templates. Intelligent document assembly tools auto-populate contracts with key data, such as names, dates, and terms, reducing human error and ensuring consistency with organizational standards. This accelerates contract drafting while maintaining legal integrity.
Collaboration & Negotiation
One of Contract Logix’s standout features is its Collaboration Room, a secure, real-time negotiation environment where internal and external stakeholders can review, redline, and comment on contracts simultaneously. Integrated version tracking and a complete audit log make it easy to manage edits, approvals, and finalization, all while maintaining a single live version of the contract and streamlining e-signature workflows.
AI & Data Intelligence
Contract Logix leverages AI to automatically extract, analyze, and auto-populate key contract metadata, enabling smarter contract management and decision-making. Users can define custom data extraction fields, reprocess legacy contracts to capture new insights, and reduce manual data entry. This functionality not only accelerates onboarding but also supports risk mitigation and regulatory compliance.
Security & Compliance
Trusted across highly regulated industries, Contract Logix is SOC 2 Type II, PCI, HIPAA, and FISMA compliant. It includes robust user access controls, encryption, and audit capabilities to ensure data privacy and legal defensibility.
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