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Icertis vs Ironclad

What is Ƶ?

Ƶ is a secure intelligent platform that streamlines contract drafting, reviewing, and editing with cutting-edge, AI-powered tools.

What is

Icertis

?

Founded by Samir Bodas and Monish Darda, Icertis has grown to become a leading CLM provider with unicorn status (valued at over $5 billion). Microsoft was an early customer and investor.

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What is

Ironclad

?

Founded by ex-Pixar engineer Jason Boehmig and ex-Google product designer Cai GoGwilt. Has raised over $333M in funding with a $3B+ valuation. Backed by investors like Accel, Sequoia, Y Combinator, and others.

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CORE CAPABILITIES
Ƶ
Icertis
Ironclad
AI and Machine Learning Capabilities

✅ Lawyer-supported AI and ML at the core of the platform

✅ AI-powered contract analysis, risk identification, obligation management, and clause recommendations; recently enhanced with generative AI capabilities through Icertis Copilot

✅ Ironclad AI for contract analysis, risk identification, and metadata extraction; recently enhanced with generative AI capabilities

Contract Drafting

✅ AI-assisted contract drafting capabilities

❌ Template-based contract creation with clause libraries; AI assistance for drafting, but primarily focused on lifecycle management rather than AI-first drafting

❌ AI-assisted drafting capabilities through Ironclad Editor, but primarily focused on template-based drafting rather than AI-first generation

Contract Review

✅ AI-powered contract analysis with clause-specific risk assessments

✅ Strong AI-driven contract analysis, risk scoring, and obligation extraction capabilities

✅ Strong AI-powered contract review capabilities that flag risks and extract key terms

Document Assembly

✅ AI-powered document assembly

✅ Template-based document assembly with rules-based logic and approval workflows

✅ Template-based document assembly with workflow automation

AI Document Editing

✅ AI-powered document editing: Ask Genie to edit your styling, suggest new clause text, or analyze key clauses. Shows tracked changes, and is private per party. Genie assists with and automates entire workflows, not just producing text responses.

❌ Basic AI-assisted editing capabilities, primarily focused on template management rather than free-form AI editing

✅ Ironclad Editor offers AI-assisted editing features and collaboration tools

Legal Research Integration

❌ AI-powered legal research assistance available within the document editor, requiring specific prompts.

❌ No native legal research capabilities

❌ No built-in legal research capabilities

Negotiation Support

✅ Tools to support negotiation, including clause-by-clause editing and collaboration features.

✅ Comprehensive negotiation tools including clause alternatives, risk highlighting, and approval workflows

✅ Redlining, version control, and approval workflow support for negotiations

Data Extraction and OCR

✅Ƶ offers OCR capabilities. ✅Ƶ offers data extraction through their API and integrations.

✅ Advanced OCR and data extraction for legacy contracts and third-party paper

✅ Advanced OCR and data extraction for legacy contracts and third-party paper

COLLABORATION & WORKFLOW
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Icertis
Ironclad
Collaboration Tools

✅ Built-in real-time collaboration features just like Office365 or Google Docs (No need to download your red-lined version, and make it editable, then send it on - it's all doable within Genie)

✅ Workflow-based collaboration with comments, version control, and approval tracking

✅ Real-time collaboration with commenting, redlining, and approval workflows

Workflow and Approval Management

✅ Workflow automation

✅ Sophisticated workflow automation with conditional logic, parallel approvals, and integration with enterprise systems

✅ Industry-leading workflow automation with customizable approval flows and routing

Contract Management

✅ Manage your projects and organize your own template and clause library

✅ Industry-leading contract repository, metadata tracking, and lifecycle management

✅ Comprehensive contract lifecycle management from creation to renewal

Reporting and Analytics

✅ Company and user level reporting and analytics

✅ Comprehensive analytics dashboard, custom reports, and business intelligence capabilities

✅ Robust analytics dashboard with customizable reports and insights

LIBRARIES & TEMPLATES
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Icertis
Ironclad
Private Clause Library

✅ Private clause library (usable only by your legal team)

✅ Robust private clause library with usage tracking and risk scoring

✅ Ability to create and maintain organization-specific clause libraries

Community Template Library

✅ Community template library available to create modular contracts

❌ No community template library

❌ No community template library

Private Template Library

✅ Bring your own library of private templates usable only by your legal team, within Genie

✅ Extensive template management capabilities with version control and rules-based logic

✅ Comprehensive template management for creating and maintaining organization-specific templates

TECHNICAL ASPECTS
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Icertis
Ironclad
Platform Type (Native vs Plugin)

✅ Cloud-based (SaaS)

✅ Offers both cloud-based and on-premises deployment

✅ Cloud-based solution hosted on AWS

Microsoft Word Compatibility

✅ Import and export Word documents (.docx) with reasonable formatting fidelity. Some styling and complex formatting may not be perfectly preserved.

✅ Strong Microsoft Word integration with check-in/check-out capabilities and tracked changes

✅ Microsoft Word plugin and .docx import/export capabilities

Integration with Storage (Google Drive, Dropbox)

❌Coming soon (request this feature)

✅ Integration with SharePoint, Box, Google Drive, and enterprise document management systems

✅ Integrates with cloud storage solutions including Google Drive, Dropbox, Box, and OneDrive

Integration with Other Tools

❌ Integrates with Microsoft Word, allowing direct editing and collaboration within the platform.

✅ Extensive integration capabilities with ERP, CRM, P2P, and other enterprise systems (SAP, Salesforce, Microsoft Dynamics, etc.)

✅ 200+ integrations including Salesforce, DocuSign, SAP, Workday, and other business systems

Complex Legal Styling and Formatting

✅ Full numbering support + AI auto-styling and formatting

✅ Supports complex legal styling and formatting through Word integration

❌ Handles basic to intermediate formatting, but complex styling may require Word plugin

Security & compliance
Ƶ
Icertis
Ironclad
End-to-end Encryption

❌ End-to-end encryption and encryption at rest

✅ Enterprise-grade security with end-to-end encryption

✅ Enterprise-grade security with encryption at rest and in transit

Security Certifications

✅ Compliant with ISO27001 and SOC2 Type 2

✅ SOC 1 Type II, SOC 2 Type II, ISO 27001, GDPR compliant

✅ SOC 2 Type II, ISO 27001, and GDPR compliant

Data Sovereignty & Privacy

✅ Ƶ prioritizes data sovereignty by not training its models on user data. However, data may be processed by third-party LLMs subject to their respective data handling policies.

✅ Regional data centers with strong data residency controls

✅ Strong data privacy controls with options for regional data storage

Authentication Methods

❌Multiple authentication options (coming soon) (request this feature)

✅ SSO, multi-factor authentication, and SAML integration

✅ SSO, MFA, and other enterprise authentication methods

Permissions & Access Control

✅ Granular access control features

✅ Granular role-based access controls at document, clause, and field levels

✅ Granular role-based permissions and access controls

Compliance Standards

✅ Compliant with GDPR and UK GDPR standards

✅ Compliant with GDPR, CCPA, HIPAA, and industry-specific regulations

✅ Compliant with GDPR, CCPA, and other major privacy regulations

Customer Support Options

✅ Multiple support channels available (e.g., email, in-app messaging)

✅ 24/7 global support via phone, email, and customer portal

✅ Email, chat, and phone support with dedicated customer success managers for enterprise clients

Onboarding Process

✅ For our custom plans, get setup within 3 days with a guided onboarding plan

❌ Comprehensive but typically requires 3-6 months for full enterprise implementation

❌ Structured implementation process that typically takes 4-8 weeks for enterprise deployments

Training & Resources

✅ 1-2 weeks from agreement to full implementation

Pilot: ❌ Formal proof of concept projects requiring significant resource commitmentImplementation Timeline: ❌ 3-6 months typical implementation timeline for mid-sized enterprises

Pilot: ❌ Formal pilot process requiring significant planning and implementation timeImplementation Timeline: ❌ 4-8 weeks for standard implementation, longer for complex enterprise deployments

PRICING & ROI
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Icertis
Ironclad
Pricing Model

✅ Ƶ offers a range of subscription plans based on usage.

❌ Enterprise pricing based on number of users, contracts under management, and modules implemented; typically starts at $100,000+ annually for mid-sized enterprises

❌ Subscription-based pricing with different tiers (Basic, Growth, Enterprise). Starting around $15,000 annually for smaller implementations, with enterprise deals ranging from $50,000 to $500,000+ annually

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