(4.5 / 5)5+ Ratings

TermScout Reviews

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Overall Rating

4.5

5 Reviews

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About TermScout

TermScout is a platform that aims to simplify the world of contracts and accelerate business. It is trusted by top organizations and is used by companies to spend 80% less time negotiating contracts with half the risk of other companies.

The platform offers a Contract Market Data feature that allows users to explore thousands of contract clauses and create the best contract possible. It also provides a Public Contract Database, which is the world's largest set of anonymized and aggregated negotiated contracts as well as millions of data points from thousands of public contracts.

TermScout also offers AI-powered contract reviews backed by market data, providing immediate insight by uploading and reviewing critical information about contracts within the TermScout platform. This eliminates the customary wait times associated with the standard contract review process.

Another key feature is Certify™, which helps sales teams close deals at lightning speed by eliminating obstacles in contract negotiations. It allows users to craft exceptional vendor terms and sway counterparts to agree.

TermScout is building the first Verified™ global contract database with one mission in mind; to simplify the world of contracts and accelerate business. The platform is trusted by thousands of companies and law firms around the world and is used for over twenty thousand contract reviews each month.

TermScout believes in a world where contracting happens with zero friction, with both parties fully informed about what they’re signing. It aims to make contracts simple and useful, and envisions a future where contracting is "Informed Click-Accept", meaning both parties have a clear, easy, and accessible way to understand what's in the contracts they're signing.

TermScout Pros & Cons

Pros of TermScout:

Ease of Use: The platform is user-friendly and easy to navigate.
Time Efficiency: TermScout helps to reduce the time to negotiate complex B2B contracts.
Objective Data: Provides objective data and excellent supplemental information that provides a real advantage for negotiations.
Customizability: Easily customizable to assess contracts against a client's particular standards and requirements.
Customer Support: TermScout offers top-notch customer support.

Cons of TermScout:

Industry Standard: TermScout is not yet an industry standard, so sometimes users have to explain to buyers what it is and how it works.

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TermScout Customer Reviews (5)

0/5

Liam Parkin

Verified Buyer

Jul 8, 2024

Peter Sanderson

Verified Buyer

Jul 7, 2024

Vivienne Couet

Verified Buyer

Jul 5, 2024

Marcel Beich

Verified Buyer

Jul 4, 2024

Zachary Davison

Verified Buyer

Jul 4, 2024

TermScout Customer’s Q&A

No question yet

TermScout Features and Benefits

TermScout offers several key features and benefits:

Contract Market Data: Explore thousands of contract clauses and create the best contract possible.
Public Contract Database: Access the world's largest set of anonymized and aggregated negotiated contracts as well as millions of data points from thousands of public contracts.
AI-Powered Contract Reviews: Gain immediate insight by uploading and reviewing critical information about contracts within the TermScout platform, without having to endure the customary wait times associated with the standard contract review process.
Certify™: Sales teams can close deals at lightning speed by eliminating obstacles in contract negotiations. Craft exceptional vendor terms and sway counterparts to agree.
Verified™ Global Contract Database: The first of its kind, with one mission in mind; to simplify the world of contracts and accelerate business. Trusted by thousands of companies and law firms around the world and used for over twenty thousand contract reviews each month.

TermScout Pricing

TermScout offers several pricing plans:

Free Plan: $0 per month. This plan allows users to explore the Public Contract Database and provides 3 free AI contract reviews.
Scout Plan: $129 per month. This plan includes everything in the Free plan, plus 10 AI reviews per month, Rare Clause Radar, AI Legal Assistant, Term Sheets, Compare tool, Insights tool, and Standard playbooks.
Enterprise Plan: Custom pricing. This plan includes everything in the Scout plan, plus Custom AI review packages, Bulk Verified reviews, Contract Review Specialist, Customized Data Sharing, Discounted Certify™ License, and Single Sign-On (SSO).

Each additional Scout seat is $49 per month. Monthly subscribers can cancel any time. The average AI review takes 5-7 minutes.

TermScout FAQs

TermScout Alternatives

Here are the top 10 alternatives to TermScout:

Conga CLM: A solution that streamlines the contract creation and management process.
Oneflow: Makes contract handling easy and efficient for everyone involved in one powerful workspace.
Linksquares: The market leader in purpose-built legal technology, unlocking the full potential of in-house teams with an all-in-one, AI-powered platform.
Lexion: An AI powered contract management system used by in-house counsel, finance, procurement, sales, and business operation teams.
ContractHero: Makes managing contracts efficient and clear.
Evisort: A contract management system that uses AI to help businesses manage their contracts.
Affinitext: A contract management solution that uses AI to help businesses manage their contracts.
Icertis Contract Management Software: A contract management solution that helps businesses manage their contracts.
EngageBay: A comprehensive software that combines sales, marketing, and service automation.
Freshsales: A full-fledged sales force automation solution for sales teams.

These alternatives offer various features like AI text summarization, ease of use, reliability, and more. They can be found in Contract Analytics Software but may also be in Contract Management Software or Contract Lifecycle Management (CLM) Software. It's important to research each alternative to find the best fit for your needs.

How To Open A TermScout Account?

To open an account on TermScout, follow these steps:

Visit the TermScout website.
Click on the Get Started button.
Select the path that's best for you and compare plans.
Click on Sign In if you already have an account or click on I need something else if you are a new user.
Follow the prompts to create your account.

Remember, each additional Scout seat is $49 per month and monthly subscribers can cancel any time. The average AI review takes 5-7 minutes. Enjoy exploring the world of contracts with TermScout!