tiktok˰

What is tiktok˰?

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

What is

Juro

?

Founded in London by Richard Mabey (former lawyer) and Pavel Kovalevich (engineer), raised over $100M in funding including a $55M Series C in 2023, led by Eight Roads

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What is

Ironclad

?

Ironclad is a digital contracting platform that automates contract workflows, from creation and negotiation to approval and storage, with built-in analytics and collaboration tools.

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CORE CAPABILITIES
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Ironclad
AI and Machine Learning Capabilities

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

❌ AI features added to platform but not built as AI-native; focuses on contract workflow automation with AI components

✅ Uses AI and ML for contract data extraction and analysis

Contract Drafting

✅ AI-assisted contract drafting capabilities

✅ Browser-based contract editor with template library and conditional logic, enhanced with AI Assistant for drafting and editing

✅ Provides contract drafting capabilities, but may lack the AI-powered features of Genie

Contract Review

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

✅ AI-powered contract review through Juro AI Assistant, with risk identification capabilities

✅ Automated contract review and analysis using AI

Document Assembly

✅ AI-powered document assembly

✅ Template-based document assembly with conditional logic and dynamic fields

✅ Supports document assembly and clause libraries

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 editing through Juro AI Assistant, but not as comprehensive as AI-native solutions

❌ No mention of AI-powered document editing features like Genie

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, unlike Genie's top-level AI legal research

Negotiation Support

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

✅ In-browser negotiation tools with commenting, version control, and redlining

✅ Offers tools for contract negotiation and redlining

Data Extraction and OCR

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

✅ AI-powered data extraction from third-party paper contracts

✅ Uses AI for data extraction from contracts

COLLABORATION & WORKFLOW
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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)

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

✅ Offers collaboration features for contract negotiation and approval

Workflow and Approval Management

✅ Workflow automation

✅ Comprehensive workflow capabilities with approval routing, automated reminders, and conditional logic

✅ Customizable workflows for contract processes

Contract Management

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

✅ Strong contract repository with metadata tagging, search, and lifecycle management

✅ Comprehensive contract management features

Reporting and Analytics

✅ Company and user level reporting and analytics

✅ Extensive analytics dashboard with contract metrics, cycle times, and obligation tracking

✅ Provides contract performance metrics and analytics

LIBRARIES & TEMPLATES
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Private Clause Library

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

✅ Ability to create and maintain private clause libraries within templates

✅ Supports private clause libraries for organizations

Community Template Library

✅ Community template library available to create modular contracts

❌ No community template library

❌ No information on a community template library, unlike Genie

Private Template Library

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

✅ Comprehensive template management with version control and permission settings

✅ Allows creation of private template libraries

TECHNICAL ASPECTS
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Platform Type (Native vs Plugin)

✅ Cloud-based (SaaS)

✅ Cloud-based solution

✅ 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.

❌ Can import/export Word documents but primarily designed for browser-based editing

✅ Offers Microsoft Word integration

Integration with Storage (Google Drive, Dropbox)

❌Coming soon (request this feature)

✅ Integrations with Google Drive, Dropbox, Box, and SharePoint

✅ Integrates with Google Drive, Dropbox, and other storage platforms

Integration with Other Tools

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

✅ Extensive integrations including Salesforce, Workday, Greenhouse, Slack, and Zapier

✅ Integrates with popular business tools like Salesforce, Google Drive, and Dropbox

Complex Legal Styling and Formatting

✅ Full numbering support + AI auto-styling and formatting

❌ Simplified formatting options compared to traditional word processors, trading complexity for consistency

❌ Limited information on advanced styling and formatting capabilities, unlike Genie

Security & compliance
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Ironclad
End-to-end Encryption

❌ End-to-end encryption and encryption at rest

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

✅ Employs industry-standard encryption methods

Security Certifications

✅ Compliant with ISO27001 and SOC2 Type 2

✅ SOC 2 Type II and ISO 27001 certified

✅ SOC 2 Type II, HIPAA, and Privacy Shield compliant

Data Sovereignty & Privacy

✅ tiktok˰ 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.

✅ EU hosting options available, GDPR compliant, with data residency options

❌ No specific information on data sovereignty, unlike Genie

Authentication Methods

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

✅ SSO, 2FA, and SCIM provisioning available

✅ Supports SSO and other authentication methods

Permissions & Access Control

✅ Granular access control features

✅ Granular role-based permissions system

✅ Offers role-based access control and permissions

Compliance Standards

✅ Compliant with GDPR and UK GDPR standards

✅ GDPR, CCPA, and SOX compliant

✅ Compliant with GDPR and CCPA

Customer Support Options

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

✅ Email, chat, and phone support based on plan level

✅ Offers email, phone, and chat support, as well as a knowledge base

Onboarding Process

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

❌ Structured implementation process typically taking 2-4 weeks

✅ Offers implementation services and training, but may take longer than Genie's 3-day setup

Training & Resources

✅ 1-2 weeks from agreement to full implementation

Pilot: ✅ Structured pilot program with dedicated success managerImplementation Timeline: ❌ Typically 3-6 weeks from purchase to full implementation

PRICING & ROI
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Pricing Model

✅ tiktok˰ offers a range of subscription plans based on usage.

❌ Tiered pricing starting from approximately $50 per user per month for basic features, with enterprise pricing customized based on needs

❌ Pricing not publicly available, estimated at $15,000+ per year for a basic license based on user reviews

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