Contract negotiation is an essential part of contract management.
As you and the counterparty (or counterparties) pass redlines back and forth, it’s crucial that you understand what’s changed from one draft to the next. After all, even the slightest change in language could have not-so-slight implications for your business.
With quick and easy in-app document comparison, Lexion makes comparing drafts to see what’s changed from one version to the next faster than ever, accelerating your deals and helping make sure that you don’t miss a thing.
When you click “Compare,” Lexion will automatically show you what’s changed between your document and the most recent previous version—all completely inside Lexion.
Like what you see? Then there’s no reason to download anything. Simply reply in Lexion to let the counterparty know you’re ready to sign. (While you’re at it, pop a bottle of bubbly—you did it!)
Need to make changes of your own? Click “Compare in Word” and you’ll get a marked-up Word document, which you can edit to your heart’s content.
Of course, you could just trust every party to track their changes judiciously (who are we kidding?), or you could rely on Word’s document comparison feature—assuming you’ve got time to sift through the thousands of documents on your hard drive to find and compare the right drafts (what are you, a glutton for punishment?).
But when Lexion makes it so easy to organize drafts, monitor changes, track tasks and statuses, and more, why would you manage contracts any other way?
Book a demo to see how Lexion can simplify your contract management process.