Introducing a powerful ThoughtRiver alternative

Is ThoughtRiver right for you?

If your goal is simply to store contracts, sign existing ones, get a basic risk analysis, ToughtRiver can do that for you.

However, if you require a more comprehensive CLM/CMS solution that allows you to review and analyze contracts,draft or edit them, or handle contracts in various languages, ThoughtRiver may not fully meet your requirements.

Let’s look at what’s missing and why should you bother -

‍Contract Summary - You still need to go through the entire contract line by line, every time you draft or get one to review. There’s no way to understand contracts quickly and avoid reading 20-30 pages for every contract you get.

Multiple Language Support - Contracting happens worldwide, and you might often need to sign contracts with parties in other countries. With no way to handle contracts in other languages, You’ll have to rely on other country’s lawyers to review your contracts, not to mention that you’ll need to store, manage and handle those contracts in a different place now.

Bulk document upload - This is a feature that might not bother you at certain points but individuals or entities dealing with more that 10 contracts at a time may find it annoying, not being able to upload a folder/drive having multiple contracts. 

Drafting and editing- The ability to draft and edit contracts is a crucial feature that would allow you to create customized contracts that meet your specific needs. Not being able to do that in a CLM software makes the process of drafting and editing tedious since you'll then need to do that in a seperate platform every time.

When you consider all these factors, it gets clear that ThoughtRiver at the moment is far from being called a complete CLM solution for now.