In today’s fast-paced corporate landscape, adopting cutting-edge technologies is crucial for maintaining a competitive edge. Recognizing this, Udemy, a leading online skills marketplace and learning platform, upgraded to ContractPodAi to streamline legal operations, accelerate the sales cycle, and enhance compliance.
This move, driven by low adoption of the previous CLM system, underscores Udemy’s commitment to cost savings, time efficiencies, and risk reduction. By empowering the sales team with better self-service capabilities, Udemy will transform its legal and sales departments into agile, value-driven units focused on speed, efficiency, and excellence in delivery.
Udemy’s Strategic Shift
Over the past year, Udemy has prioritized understanding its internal needs and challenges in contracting processes. Increased contract intelligence was an essential focus for the Udemy legal, sales, financial, and procurement leaders. It became evident that an automated, highly effective system would significantly boost deal velocity and operational efficiency. This realization drove the strategic shift to ContractPodAi with a view to enhancing the future state of Udemy’s contract management, driving transparency while accelerating sales cycles, and once implemented, creating a new robust risk and compliance contracting intelligence framework.
Why ContractPodAi?
In early 2024, Udemy made a forward-thinking decision to adopt ContractPodAi’s advanced Contract Lifecycle Management (CLM) system, positioning itself at the forefront of contract management innovation. This strategic move is set to streamline contract automation, centralize legal document management, and improve the efficiency of contract handling and compliance.
By integrating the Leah Platform, Udemy’s legal team will benefit from automated and enhanced redlining, data extraction, and contract intelligence capabilities. This will empower Udemy to make swift, informed decisions and take proactive actions based on complex contract data that was previously inaccessible. This advancement not only optimizes operational efficiency in Udemy, but also underscores Udemy’s commitment to leveraging technology for superior performance and compliance.
Laura Fitzgerald, Associate General Counsel at Udemy, emphasized the critical factors behind this decision:
“Efficient contract lifecycle management is vital for accelerating top-line growth and ensuring robust risk and compliance management across our contract portfolio. By incorporating ContractPodAi as our new CLM and optimizing our processes, we believe we will materially reduce the time to complete complex commercial contracts while improving efficiency for the legal and sales teams.”
The Future of Legal Operations at Udemy
ContractPodAi’s CTO & President, Anurag Malik, expressed excitement about supporting Udemy, stating:
“We’re excited to transform Udemy’s contract processes through our robust CLM. We look forward to seeing the improvements our CLM system will bring to their legal procedures, and we applaud Udemy for taking the step to future-proof its business.”
A Model for Other Enterprises
Udemy’s proactive approach is a model for other enterprises aiming to leverage AI and advanced technologies to drive business efficiencies. The move to ContractPodAi’s CLM system marks a significant milestone on its journey towards operational efficiency across Udemy. As the legal landscape continues to evolve, Udemy’s forward-thinking approach helps ensure it remains at the forefront of leveraging AI to streamline operations and achieve strategic goals.
For more insights on how AI and advanced CLM systems can transform legal operations and streamline sales, check out our blog and explore the possibilities with ContractPodAi.
