Users can create new contracts within the platform using built-in document creation features.
Contract Templates
Based on 50 Lexion reviews.
Create and access templates with to streamline contract creation, taking advantage of pre-written contract clauses and fields.
Contract Editing
As reported in 50 Lexion reviews.
Relevant contract stakeholders can edit, compare, and revise multiple versions of contracts.
Contract Attachments
As reported in 61 Lexion reviews.
Additional information, such as images, memos, and invoices, can be attached to contracts as supplemental resources.
Contract Collaboration
This feature was mentioned in 53 Lexion reviews.
Internal and external users are able to collaborate on contracts through a shared web portal with messaging features.
Approval Process
Based on 55 Lexion reviews.
Contract approvals processes can be streamlined, so that departmental workflows are integrated logically into the system.
Notifications & Reminders
Based on 58 Lexion reviews.
Receive notifications and schedule reminders with alerts according to contract milestones.
Contract Database
64 reviewers of Lexion have provided feedback on this feature.
Contracts can be stored in a central online repository with built in search capabilities.
Integrations / APIs
As reported in 53 Lexion reviews.
The contract management platform can integrate with CRM software to associate contracts with customer records, and with CPQ software to feed calculated quote details into the contract.
Reporting & Dashboards
As reported in 62 Lexion reviews.
Enable standard and ad hoc reports of contract statuses and timelines, and access live overviews of contract activities.
Platform Basics (2)
Data Extraction
As reported in 38 Lexion reviews.
Ability to auto-extract all key contract metadata and clause language.
Contract Comparisons
Based on 31 Lexion reviews.
Provides document parsing, redlining, and auto-tagging for clause comparisons.
Artificial Intelligence Capabilities (3)
Text Analytics
As reported in 36 Lexion reviews.
Ability to analyze text within contracts by using pattern recognition.
NLP
As reported in 28 Lexion reviews.
Provides the ability to understand and process human language/s within contracts.
OCR
This feature was mentioned in 32 Lexion reviews.
Provides OCR capabilities to convert images into digital text (i.e PDFs, TIFFS, etc.).
Contract Data (6)
Data Import
This feature was mentioned in 34 Lexion reviews.
Ability to import contracts into a centralized repository.
Data Export
33 reviewers of Lexion have provided feedback on this feature.
Provides the ability to export contract data into other systems.
Custom Reporting
34 reviewers of Lexion have provided feedback on this feature.
Ability to create reports and dashboards with contract data to provide strategic insights.
Clause Identification and Mapping
33 reviewers of Lexion have provided feedback on this feature.
Identifies and classifies paragraphs through AI-driven clause template matching and learning algorithms.
Reporting & Dashboards
Based on 48 Lexion reviews.
Enable standard and ad hoc reports of contract statuses and timelines, and access live overviews of contract activities.
Advanced Contract Analytics
As reported in 41 Lexion reviews.
Provides advanced, AI-driven contract analytics to optimize all aspects of contract management.
Contract Creation & Management (4)
Contract Creation
This feature was mentioned in 37 Lexion reviews.
Users can create new contracts within the platform using built-in document creation features.
Contract Templates
As reported in 40 Lexion reviews.
Create and access templates with to streamline contract creation, taking advantage of pre-written contract clauses and fields.
Contract Editing
As reported in 35 Lexion reviews.
Relevant contract stakeholders can edit, compare, and revise multiple versions of contracts.
Contract Attachments
As reported in 43 Lexion reviews.
Additional information, such as images, memos, and invoices, can be attached to contracts as supplemental resources.
Collaboration (2)
Contract Collaboration
39 reviewers of Lexion have provided feedback on this feature.
Internal and external users are able to collaborate on contracts through a shared web portal with messaging features.
Approval Process
Based on 42 Lexion reviews.
Contract approvals processes can be streamlined, so that departmental workflows are integrated logically into the system.
Other Platform Features (5)
Notifications & Reminders
As reported in 45 Lexion reviews.
Receive notifications and schedule reminders with alerts according to contract milestones.
Contract Database
This feature was mentioned in 50 Lexion reviews.
Contracts can be stored in a central online repository with built in search capabilities.
Contract Compliance
This feature was mentioned in 40 Lexion reviews.
Identify, assess, and manage all contract risks and ensure the fulfillment of contractual obligations
Integrations / APIs
39 reviewers of Lexion have provided feedback on this feature.
The contract management platform can integrate with CRM software to associate contracts with customer records, and with CPQ software to feed calculated quote details into the contract.
E-Signature
This feature was mentioned in 34 Lexion reviews.
Ability to e-sign legally-binding contracts within the same platform.
Agentic AI - Contract Management (1)
Autonomous Task Execution
Capability to perform complex tasks without constant human input
Agentic AI - Contract Lifecycle Management (CLM) (6)
Autonomous Task Execution
Capability to perform complex tasks without constant human input
Cross-system Integration
Works across multiple software systems or databases
Adaptive Learning
Improves performance based on feedback and experience
Natural Language Interaction
Engages in human-like conversation for task delegation
Proactive Assistance
Anticipates needs and offers suggestions without prompting
Decision Making
Makes informed choices based on available data and objectives
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