Lexion is an AI powered contract management system used by in-house counsel, finance, procurement, sales, and business operation teams to manage, analyze, and report on what’s in their contracts and setup alerts for key events or milestones. Lexion’s customers include Brooks Running, Apptio, Outreach, Blue Nile, Trupanion, Matterport, Abstract, Hippo Insurance, and many more.
Customer Reviews
Executive Sponsor in Information Technology and Services
Advanced user of LexionWe are a small company with a small legal team of one. We needed an affordable and easy to use tool with a simple dashboard and convenient features and functionality; a tool without all of the bells and whistles that would just get in the way of productivity. Lexion provides all that with its smart AI that allowed us to migrate and categorize all of our contracts in an efficient manner, all the while integrating with third party tools that are critical to our use of the system. As an early user, there has also been ample opportunity to request updates to features that added to the convenience factor of the tool.
Although we have found the reporting tool to be useful and now a vital part of our vendor management process, we haven't optimized our use of the search capabilities yet. They've got great ability to search across all of our docs for a certain phrase or missing phrase. They are now working on proximity search so that we can search within a certain paragraph or sentence.
The biggest problem solve is that Lexion is a great contract repository. As we utilize it's features, we are also able to really dig into using it as part of our vendor management process, as well. We use it to provide reminders of upcoming dates and report on certain types of contracts that would have otherwise been missed in a manual review.
