Introducing a powerful Nomio alternative

SpeedLegal let’s you draft, edit, redline, review, sign and store contracts, all in one place, all with the power of AI.

Disclaimer - The information provided by SpeedLegal on the website (the “Site”) is for general informational purposes only. All information is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site. All the comparisons made here are as per the guidelines of the Federal Trade Commission.

Is Nomio right for you?

If you are looking for a platform where you can just store your contracts, use a quick template to draft a contract or just sign a contract that you’ve got, Nomio can do that for you.

But if you are looking for a CLM/CMS solution where you can review and analyze your contracts, get insights on risks or handle contracts with different languages, Nomio may fall short for your needs.

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

Contract Review/Analysis -  Even when using Nomio to handle contracts, you are still handling everything on your own. No service to review your contract, no analysation of the huge data all your contracts hold or to give you actionable steps from them.

Contract Risk Analysis - No contract is perfect, and if you sign a contract without analyzing the risks involved, it certainly won’t have a fairy tale ending. Nomio lacks the functionality to show your contract’s potential risks or red flags. Which again leaves you alone to take care of the potential risks. 

So you’ll have to hire a lawyer separately to review each contract for you, despite already paying for Nomio.

Editing Contracts - Once you’ve sent a contract to the other party, there’s no way to make changes to it when using Nomio. So if you end up sending a contract with any mistake or a risky clause or you need to change a term as per negotiation, you’ll have to mark that contract as void, make a copy of the contract, change it there and then send it again. Imagine doing this every time there’s a change in the contract.

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

3 key differences that make SpeedLegal the perfect Nomio alternative

Contract Review
The contracts at SpeedLegal are reviewed by the AI as well as a legal professional to ensure that no key information goes unreviewed. These contract reviews include highlighting crucial information in the contract, such as financials, dates, governing law, keywords and many more minute details.
Risk Analysis
Coming to risk analysis, SpeedLegal has another unique feature, called “Red Flag Table™”. The RFT compares the contract values to the prevailing market standards and shows you the potential risks in you contracts. It also shows you what it should be replaced with, and gives you the power to do that with a single click.
Editing Contracts
SpeedLegal gives you the ability to draft your contracts along with the option to edit risky clauses in the existing ones. Now you don’t have to send entire contract every time there’s a change in them. You and your team can also add comments and collaborate on the platform to make the contract review process faster and smoother.

Watch SpeedLegal in action

Let’s see a detailed comparison

How does SpeedLegal compare with Nomio?

Notification and reminders
Contract collaboration
Central Storage
Contract templates
Mass document upload
Contract summary
Contract review
Risk Analysis
Multiple language support
Regulatory Compliance
Market Standard

What Our Customers Say

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SpeedLegal users are typically able to put on autopilot their contract review and manageent process. Get started now for FREE!