Contract Management Software

Maximize Contract
Potential

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ContractPodAi makes contract lifecycle management software more intuitive and intelligent, delivering the end-to-end technology and tailored support you need to win. You can maximize the potential of every digital contract by perfectly balancing obligations, risks, and opportunities from a modern, fit-to-purpose cloud repository.

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Automate Contracts End to End

Contracts affect every business in every industry. Diverse roles across an organization — beyond just the legal department — are instrumental to the digital contracting process. Sales and Procurement, Marketing, HR, IT, Finance, and more.

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Time to Lead

At ContractPodAi, we help automate every stage of a contract’s life with an AI-driven platform that is powered by IBM Watson, and is perfectly tuned to your workflows and playbook. Legal and non-legal users throughout your company can leverage our centralized database — to quickly and easily create, complete, search, and manage digital contracts of every type — so you have more time to lead.

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Authoring & Generation

Auto-Contract Desk is an advanced authoring and generation tool that leverages smarter, quicker AI and self-service templates, to increase the speed of your company’s contracting activity. Also, the seamless integration with third-party applications like Salesforce streamlines the contract request process.
You can create simplified templates featuring an integrated clause library, which enable any user to produce a higher volume of contracts — all while lowering costs and fueling business growth.

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Compliance & Review

Our advanced AI capability minimizes business risk by improving adherence of every contract to your company’s compliance standards and tolerances. The platform quickly reviews your contracts, including third-party paper, to assess and score the business risk in these critical documents.
Our contract lifecycle management platform highlights problematic clauses based on their risk level, and suggests preferred and fallback contractual language. When you review the non-compliant text and select the compliant option, a new contract — with an audit trail — is automatically generated.

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Collaborate & Negotiate

The Express Contract Collaborator allows legal teams to negotiate, update, and finalize digital contracts without leaving our online platform. You can collaborate on documents — in real time — with customers, partners and suppliers.
Powered by Workshare, the Collaborator feature allows users to easily share and manage contracts from any device, while working on documents. Contract authors can expertly manage versioning, workflows, and approvals, including approval delegations. This eliminates delays from back-and-forth volleying, and speeds up the negotiation and administration of every agreement.

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Sign

The seamless integration of our contract lifecycle management software with DocuSign and Adobe Sign makes finalizing contracts quicker and easier than ever before. You can instantly access digital contracts on any device. So, you can put away the pen and paper, as wet signatures and physical documents are now a thing of the past.
The platform facilitates agreement and deal flow by streamlining the entire signature process.
Each signee receives an email with a direct link to the document, before being guided through the eSignature process with clear instructions. Multiple signees can be added to each contract, along with cover letters, additional forms, or templates. Getting approvals, then, becomes a quick, simple, and auditable process.

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Manage

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Build a Robust Contract Repository

Today, the average company has thousands of contracts to manage. Keeping track of obligations, risks, dates, and renewal terms within such a large volume of documents can be difficult. And when working remotely, without access to physical contracts, business continuity can be adversely affected. That’s why ContractPodAi’s CLM system — with its centralized, digital contract database — is key to the efficient and effective management of every agreement.

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Access Data Through Cognitive Search

Our cloud-based, digital repository is accessible from anywhere and features best-in-class cognitive search capability powered by Microsoft Azure. Contracts become easily searchable, which means no more rifling through loose paper in filing cabinets or chasing down external drives. Agreements will never be misplaced or lost again either. And you can quickly find a contract — or specific clauses within contracts — whenever a query is made.

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Identify & Track All Obligations, Risks

ContractPodAi’s Obligation Manager helps you expertly manage contract revisions, renewals, and terminations. The AI engine automatically identifies and tracks all obligations and associated risks, using advanced natural language processing to analyze and interpret abstract legal text. Notifications and alerts are built in, along with analytics dashboards and complete reporting functionality. That means there is no more need for manual abstraction work or hours of data entry.

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Build a Robust Contract Repository

Today, the average company has thousands of contracts to manage. Keeping track of obligations, risks, dates, and renewal terms within such a large volume of documents can be difficult. And when working remotely, without access to physical contracts, business continuity can be adversely affected. That’s why ContractPodAi’s CLM system — with its centralized, digital contract database — is key to the efficient and effective management of every agreement.

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Access Data Through Cognitive Search

Our cloud-based, digital repository is accessible from anywhere and features best-in-class cognitive search capability powered by Microsoft Azure. Contracts become easily searchable, which means no more rifling through loose paper in filing cabinets or chasing down external drives. Agreements will never be misplaced or lost again either. And you can quickly find a contract — or specific clauses within contracts — whenever a query is made.

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Identify & Track All Obligations, Risks

ContractPodAi’s Obligation Manager helps you expertly manage contract revisions, renewals, and terminations. The AI engine automatically identifies and tracks all obligations and associated risks, using advanced natural language processing to analyze and interpret abstract legal text. Notifications and alerts are built in, along with analytics dashboards and complete reporting functionality. That means there is no more need for manual abstraction work or hours of data entry.

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Analyze & Report

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Unlock Hidden Insights in Your Data

Many in-house legal departments are under-resourced and overworked, which amplifies the need for quick and efficient contract management. ContractPodAi’s contract management software transforms key terms and obligations into smart analytics, which can be filtered and queried to unlock hidden insights. Our platform’s intuitive dashboards and point-and-click custom report builder help you review and document key data, from obligations and risks to renewals and warranties.

Measure Your Impact

The Legal Deepsights dashboard is the first of its kind to leverage metrics-based data, helping you measure your team’s achievements and alignment with target business outcomes.
Set, track, and document results against specific company goals and quantify the value your department brings to the organization.

Search Contracts Like Never Before

Our system’s industry-leading Cognitive Search helps your legal teams search through lengthy, unstructured digital contracts with razor-sharp accuracy and lightning-quick speed. Built-in OCR technology extracts information from undifferentiated text or large image files, indexing them for full-text queries. Advanced fuzzy, wildcard, and proximity search capability swiftly delivers discovery results for any legal document and data set.

Leverage an Ai-Powered Virtual Assistant

Our end-to-end CLM platform also features a Virtual Legal Assistant (VLA) — with interactive, conversational chatbot functionality embedded at the contract record level. It's powered by natural language processing and IBM Watson AI to respond to contract-related queries from anywhere. You don’t have to open contractual documents to start a dialogue with our chatbot. Simply ask any question related to contracts in your database, and you’ll a get quick, accurate response.

Automatically Translate Any Contract

Full Document Translation automatically detects the language of uploaded legal documents. If the language is different from the user’s preference, the system quickly translates the entire digital document into the selected language. For on-demand translation, you can simply select the contract to be translated and the final language from a list of more than 60 supported options. Also, all legal documents are searchable in the original and preferred languages.

What is Contract Management Software?

Contract management (CM) software streamlines and automates contractual processes, from creation to adoption or expiration, while providing visibility and analytics at every step. Legal professionals and other users leverage CM to ensure compliance, promote improved collaboration, and ultimately drive revenue.

Why is Contract Management Software Important?

Contract management software is a critical component to a legal department’s daily workflow, helping users stay more organized, and comply with internal and external laws and regulations. Artificial intelligence (AI)-driven CM increases user productivity by quickly reviewing a contract — or thousands of contracts — and instantly providing analytics to consider risk objectively.

Who Uses Contract Management Software?

Teams across the organization benefit from contract management software. From legal and sales teams to finance and procurement, users experience enhanced, expedited, and secure contractual workflows.

What Are the Different Types of Contract Management Software?

There are three primary types of CM software:

Cloud-Based: Cloud-based contract management software is hosted on an IT server, allowing all users to access it from any remote location, and ensuring data is always saved and secured.

On-Premise: On-premise contract management software is stored on a local computer and does not require an Internet connection.

Hybrid: Hybrid contract management software is hosted in the cloud and on premise.

Request a demo

Contact us today for your personalised demo.

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