Question: Is there a tool that offers AI-powered contract creation and approval workflows to streamline the contract lifecycle?

If you're looking for a tool that can create contracts with AI and then route them through approval workflows, Ironclad is a great choice. The company's platform is geared for business and legal teams to work together to create, manage and track contracts. It includes a single-source AI-powered repository, digital contracts with self-service and control, compliance and approval frameworks, and modern browser-based collaboration tools. It also has AI-powered analytics dashboards and legally binding e-signatures, and it can be integrated with tools like Salesforce and Slack.

Another option is LinkSquares, a contract lifecycle management and project management tool. It uses AI to automate the contract lifecycle from creation to analysis, helping to address common contract management pain points like inefficient contracting processes and manual contract management. LinkSquares has an AI-powered contract repository, negotiation tool, reporting feature and project management feature and can be integrated with tools like Word and Salesforce.

Docusign is also a good option, with a suite of products and services that can help you streamline agreements. Its AI tools include agreement summarization, AI-powered data extractions, obligation management, risk assessment and full-text search. Docusign is good for any industry and company size, with flexible pricing options and a wide range of integrations.

If you're looking for a tool with a narrower focus on contract review and management, Lawgeex offers an AI-based tool that combines human expertise with AI technology. It reviews and redlines contracts according to company policies with greater speed and accuracy, and it offers data-driven insights for legal policy decisions. Lawgeex has shown cost and time savings, so it's a good option if you want to try to optimize your contract management.