NewOaks vs Zuva Contracts AI: Which is better?

- NewOaks is a platform that uses AI to improve business management processes and automate tasks. - It offers analytics tools that help optimize resources, make informed decisions, and improve overall efficiency, helping companies grow and evolve.

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Zuva Contracts AI

DocAI by Zuva is an AI tool that analyzes contracts and provides insights into their content. It allows businesses to review their documents effortlessly without collecting any sensitive data like contracts, credit cards, or email addresses. The tool is limited to PDF documents that are less than or equal to 150 pages and less than or equal to 5MB in size. Users can select what to review their document for, including lease terms, vendor/supplier contract terms, customer contracts, and employment agreement terms, among others. By uploading a document, users agree to the tool's terms and conditions. DocAI also offers sample documents if users don't have their own documents to upload. The site uses cookies to improve a user's website experience and provide personalized services. Overall, DocAI aims to help businesses gain better insights into their contracts, making it easier to summarize and analyze their document content.

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Key features

NewOaksNo data

Zuva Contracts AI

Diligence Reviews: Combines AI and experienced lawyers to deliver contract reviews at approximately 20% of traditional Biglaw costs, identifying key legal provisions and generating actionable reports.
Bidder Question Management: Utilizes technology to manage bidder inquiries, flagging similar questions and surfacing previous answers to streamline the response process.
Cost Efficiency: Offers services at a fraction of the cost of Biglaw, with fixed fees ranging from $10,000 to $75,000, providing significant savings on outside counsel.
Pre-Diligence Preparation: Engages early in the deal timeline to prepare and organize contracts, allowing for thorough risk assessment before bidders access the data room.
Security and Compliance: Maintains SOC 2 Type II certification, ensuring secure handling of sensitive deal materials with background-checked staff.

Useful for

NewOaksNo data

Zuva Contracts AI

Provides AI-powered diligence reviews at approximately 20% of traditional Biglaw costs, making legal services more affordable.
Identifies potential diligence issues early, reducing the risk of surprises that could negatively impact negotiations.
Streamlines the process of responding to bidder questions by flagging duplicative inquiries and surfacing previous answers, saving time for sellers and their advisors.
Reduces management time spent on deal preparation by over 50%, allowing executives to focus on running their business.
Delivers actionable reports and disclosure schedules quickly, facilitating a smoother transaction process.

Use cases

NewOaksNo data

Zuva Contracts AI

Conducting diligence reviews to identify deal-relevant provisions in contracts, such as change-of-control implications and non-compete clauses, at a significantly reduced cost compared to traditional law firms.
Managing bidder questions by ingesting questionnaires, flagging similar inquiries, and surfacing prior answers to streamline the response process during the deal.
Preparing actionable reports and disclosure schedules based on contract reviews to facilitate smoother deal negotiations and reduce surprises during diligence.
Reducing management time spent on deal preparation by automating the identification of key contractual terms and providing organized outputs for review.
Offering a fast turnaround for diligence reviews and bidder question management, enabling teams to stay on schedule during the sell-side M&A process.

Price

NewOaksFree

Zuva Contracts AI

Diligence Reviews cost between $10,000 and $75,000, which is approximately 20% of what top Biglaw firms charge.
Fixed fees are offered for Diligence Reviews, ensuring no surprises in pricing.
Bidder Question Management is currently in beta and available for same-day setup; pricing details are not specified.
Diligence Reviews have a turnaround time of 1–2 weeks.
The service claims to save clients money through reduced outside counsel costs and increased efficiency.