Centralize your contracts and legal documents with our AI-powered Smart Repository to manage and reduce your exposure to risk with one source of truth and complete visibility into your legal data. This platform is extremely easy to use. - In some of our LATAM locations, we were able to create a template library of Spanish-language contract templates that our commercial B2C teams could use in order to self-serve. Cision Distribution 888-776-0942 ", "Awful - complicated, clunky and ineffective", By ContractPod Technologies on May 19, 2020. The system can get set up very fast and customised to your needs. ContractPodAi - YouTube I also liked the whole digital transformation process they bring in. Our CLM solution is part of ContractPodAis One Legal Platform that supports your everyday legal needs. The aim was to have people in the business have access to templates and to use the system to generate contracts: it isn't easy to use so has not been adopted. We love having the ability to easily search for contracts and have them all in a central location. ContractPodAi uses Watson Discovery to ensure legal readiness is business readiness. You and your peers now have their very own space at. Thank you for your review. - I am able to monitor the use, negotiation and execution of these documents as they proceed to the close. The One Legal Platform allows you to handle multiple use cases and nearly every legal challenge. ContractPodAi Cloud provides corporate legal and non-legal users complete visibility, command, and control over the entire legal lifecycle of the business. I cannot think of anything I really disliked. A major reason legal has fallen behind is that lawyers are trained to be risk-averse, said Misra, who was a corporate lawyer before starting ContractPodAi in 2012. 71% of employees would recommend working at ContractPodAi to a friend and 74% have a positive outlook for the business. Now, the platforms robust, intuitive, and easy-to-use capabilities have been extended to handle the entire, end-to-end legal lifecycle any use-case, any document type, any scenario. Let us help you deliver value to the business through seamless and secure self-service, automate repetitive tasks, and capture data that can be turned into actionable intelligence. This has made our workflow smoother and more efficient.Business process automation (BPA) has helped us speed up the process of creating standard legal documents, and the vendor negotiation portal has been a great help in communicating and negotiating with vendors.We use advanced analytics and real-time tracking of key metrics to get a complete picture of our legal processes. Another big plus is the fact that everything I need - related to the contract and associated documents - are in one place. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. As a strategic partner for clients, ContractPodAi is cementing its commitment to scalable customer impact with this platform release. ContractPodAi, which launched in 2015, will use the funds to grow its tech capabilities and expand into new markets, including the APAC region, Misra said. - Have to save documents locally and upload them - no option to drag and drop documents in - Would be good to have a space on each record for notes that you could update (i.e. It is easy to use and straightforward! The One Legal Platform has been very effective in meeting our needs, allowing us to handle multiple use cases and challenges in a centralized and efficient manner. We, TechCrunch, are part of the Yahoo family of brands. I am a returning customer. We will follow-up with you to further discuss how we can improve your experience. 15 documents over the period of 2-3 months. ContractPodAi Cloud, our end-to-end legal document management system, includes a smart repository, easy-to-use templates, guided workflows, auto-document generation, collaboration tools, e-signatures, third-party document review, AI analytics, reports, and alerts and reminders for . Covering all legal processes, ContractPodAi Cloud provides digital tools and self-service capabilities to help you create, configure, and automate any legal document. "We believe the company's modularized, one platform approach extends way beyond existing contract lifecycle management to capture a vast array of legal use cases across multiple jurisdictions," Ayush Jain, investor for SoftBank Investment Advisors, said in a statement. ContractPodAi pricing at a glance. ContractPodAi's efforts paid off. ContractPodAi and LegalSifter Partner to Offer Complete AI - PRWeb - Ability to search for contract template that we need, quickly and accurately. We have still pending to implement this. We've benefited greatly because we had a very buggy document management system and other old tools that didn't work well. ContractPodAi offers training included with purchase. Customer Success Managers [SENSITIVE CONTENT HIDDEN] have gone above and beyond to assure a successful implementation. They also weren't the most expensive option. Remove silosthrough integrations with key business applications like Salesforce and MS Dynamics to enable sales teams with self-service contracting, procurement and HR solutions, built-in collaboration with Microsoft Word, and Google. Be the first to provide a review: Learn, network, innovate in IoT at Spectra and enter to win a Photon 2! SoftBank Vision Fund 2 led the growth round for London-based ContractPodAi, which provides an artificial intelligence-fueled contract lifecycle management platform. The tool can be customized to your needs on an ongoing basis which gives any company a professional feel for integrating a management system for contracts. Then the alerts on key contract dates and renewals is making sure we are tightening our own timing on accounts receivable. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Venture capital and private equity firms in the past couple of years have "really recognized how large [the legal tech market] is and how underserved it is," said Sarvarth Misra, co-founder and CEO of ContractPodAi. We have had a high adoption rate with our business users, so the team seems to like using the software. Additionally, ContractPodAi's expert training and support teams can engineer applications to any company's workflows and playbook. No incentive was offered. We will help you identify your starting point and build a map for your success. Our Management couldnt get over that the legal department helped improve cashflow. They have it quite well planned out, and take you through it. It is very intuitive yet contains all of the necessary bells and whistles. ContractPodAi, a contract-lifecycle-management startup, snagged a $115 million Series C in October. ContractPodAi offers One Legal Platform that supports the full spectrum of corporate in-house legal team needs. We have had a high adoption rate with our business users, so the team seems to like using the software. "ContractPodAi Cloud is crafted according to the most advanced principles of modern legal design thinking. "I think that's where the larger funds would want to place their bets.". ContractPodAi - Crunchbase Company Profile & Funding nothing special , customer service replied me on time. ContractSafe's easy to use platform offers an alert system for approaching contract deadlines, Avvoka is a document automation, negotiation and analytics tool designed to help law firms, in-house legal teams and businesses (of all sizes) draft documents, negotiate them, and leverage data insights from that process to draft better documents, and get to yes faster. Contract PodAi seemed to be the best value for the price. ContractPodAi started off as a digital repository for contracts before expanding to workflow automation. Looking for your community feed? This is also in many ways the journey that ContractPod has gone through in its product evolution as well," Misra said. They do not disappear once the contract is signed theyre in it with you for the long haul, and always accessible. Other legal tech and legal services companies, including Rocket Lawyer, Clio, Reveal and Ironclad, have scored funding from venture capital and private equity firms in 2021 as investors eye the promise of technology and digitization in legal. ContractPodAi scores $55M for its 'AI-powered - TechCrunch The system hasn't been useful: it is time consuming to upload and search for documents. Finally, but crucially I don't have confidence when searching for documents that the results will be accurate: you can input several searches using the same search parameters and different results will come through. ContractPodAi, a London-based startup that has developed what it describes as AI-powered contract lifecycle management software, is disclosing $55 million in Series B funding. Contract PodAi seemed to be the best value for the price. ContractPodAi's "vision for growth" over the next several years is to expand its contract-lifecycle-management software into an end-to-end system that uses artificial intelligence to help companies manage all of its legal matters not just contracts. Keep it up! UPDATE - Earlier this year we launched a new template generator - Auto-Contract Desk (ACD) is an award-winning enhanced contract authoring and generation tool that helps business users quickly and efficiently create a high-volume of contracts, providing a more powerful and user friendly experience. It took a lot of drive internally, and the help of a great contract management system. All Rights Reserved. ContractPodAi Pricing, Alternatives & More 2023 | Capterra I pointed out in the pros how it helped us pull up payment, four month early in one case. Start simple and grow. They weren't the cheapest option, but the cheaper options didn't seem to meet all of our needs. There is not much to dislike about the software especially when you are coming from a spreadsheet-based system that has historically had major issues with control, there have been some setup problems but they are very quickly fixed by the Contractpod team. Well, this contract management system does both. At the beginning, we had very poor customer service from a project manager - emails were unanswered and amendments to our template agreements were not actioned. Well-established as the leader in end-to-end contract lifecycle management, ContractPodAi harnesses the unrivaled Ai power of IBM Watson and Microsoft Azure for leading corporations around the world. Q: What kinds of users and organization types does ContractPodAi work with? ContractPodAi Launches Standalone Leah Generative AI Legal Services Hub Information Technology and Services, 51-200 employees. To provide the best experiences, we use technologies like cookies to store and/or access device information. ContractPodAi Expands Beyond CLM with Launch of One Legal Platform How it Works: A Complete Walkthrough of ContractPodAi It provides an AI-powered, cloud-based solution that automates the Legal Operations of a company while improving safety and minimizing the risk of legal contingencies. It is a great tool. The promises made by ContractPodAi during the evaluation of the software were kept. Overall, this has been a great system. ContractPod AI is functional, affordable, and highly recommended! If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Whether you need to centralize and automate contract management, streamline legal requests or build a custom application to solve new use caseweve got you covered. They also weren't the most expensive . Additionally, we have significantly improved our DocuSign integration capabilities. Financial information was redacted from this slide. The #1 destination for finding the right software and services. They also weren't the most expensive option. Thanks ContractPodAi, you just helped us build my case for why legal is a value-add team in the company! with the progress of each matter) and have these export into a report (which we could use for team meetings). The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. The legal tech sector is a "massive investment market to be tapped into," he said. Honestly, the largest "con" in our case is the incomplete migration of all our contracts to the system. Contract Pod is looking into a fix for this as well. ContractPodAi Cloud amplifies your business's readiness through our partnerships with complementary technology providers including IBM, Microsoft, DocuSign and Salesforce. It is easy. Software was rapidly adopted by all utilizing teams; easy to use and explain; integrates well with existing and new products implemented into our IT infrastructure; has key features (post-signature document analysis, contract family trees, record-based CMS--and not a document management system), Somewhat "dated' interface (but fully usable and understandable). ContractPodAi's versatile platform offering and no-risk digital transformation delivery model maximize a legal team's technology investment. It took a lot of drive internally, and the help of a great contract management system. Misra used a graph to better illustrate how nascent the legal-tech market is. The use of cognitive technology, machine learning, and natural language processing to deploy for legal and non-legal users in legal management Their features include templates, guided workflows, auto-document generation, collaboration tools, e-signatures, third-party document review, AI analytics, With the upgrade, the DocuSign integration now works the way we need it to. ContractPodAi scores $115 mln in investment led by SoftBank fund Their team is responsive, enthusiastic, and a pleasure to work with. It is a great tool. Easy to use - quick to generate contracts which is great for our team's efficiency. I pointed out in the pros how it helped us pull up payment, four month early in one case. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! If you have further comments or suggestions that you wish to share, please reach out to your customer service agent or email [email protected]. Spend less time working across ContractSafe is a leading cloud-based contract management solution for businesses that want to better organize signed contracts and avoid missing key dates without spending a lot of time or money. How Watson Discovery helps ContractPodAi provide legal excellence with the progress of each matter) and have these export into a report (which we could use for team meetings). Reviews are by default sorted by Recommended to software buyers, driven by our proprietary algorithm reflecting the depth and quality of the review, recency of experience, and other factors. Yes, ContractPodAi has a mobile app for iPhone, iPad, and Android. We can control the access to data across our business to ensure confidentiality if needed. The technical storage or access that is used exclusively for statistical purposes. ContractPodAi Reviews 2023: Details, Pricing, & Features | G2 After a lot of work uploading our historic agreements to the system, we have now rolled this out to our business and are receiving great feedback from them. ContractPodAi also wants to ramp up its go-to-market strategy by doubling its staff from 200 employees in regions it has a strong presence in like North America, the UK, and Europe and new territories like Asia. See here for a complete list of exchanges and delays. Contract Management Software That Works With You And For You. During this crisis, we found the AI analytics, and enhanced search functions to be powerful assets. ContractPodAi's main customers are legal teams at large Fortune 500 companies, including insurance giant AIG, telecommunications company Inmarsat, and health-insurance company Cigna. - Working on a downstream oil company with operations in 47 countries. They are willing to look for creative solutions that are unique to our business issues. OCR and scanning of PDF documents to make them readable is great - allows for detailed searches which helps with our conflict checking process. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Unfortunately, we were told we would have to pay extra for the upgrade, so we will have to live without it until the economic situation improves. The ability to capture important data instantaneously was very important to us. Marketing and Advertising, 11-50 employees. Along with a great product, you get an amazing Customer Support team. The softwares key features include a smart repository, business process automation (BPA), a vendor negotiation portal, advanced analytics, and much more. Again, thank you for taking the time to review our business! The learning curve it can be difficult to learn all of the features and tools, and the training materials provided by ContractPodAi could be more comprehensive and helpful.Some people think that ContractPodAI is not as easily integrated with other systems and applications that our organization uses on a daily basis.I have noticed that some of the reporting and analytics capabilities of ContractPodAi are quite detailed and useful, but I have found that they could be more customizable and flexible to meet the specific needs of our organization. ", "It took a lot of drive internally, and the help of a great contract management system. Legalweek News Roundup Part 1: Reveal, Casepoint, DISCO, ContractPodAi The system did not cater for our needs - we wanted to be able to create contracts which LEAP didn't allow, and Contractpod did. ContractPodAi Technologies said Thursday it has raised a $115 million Series C investment, joining a parade of legal technology companies that have secured fresh funding this year as the sector . The company also gives you all the support you need to deploy the system, integrate it with your other software, configure it to what your users want, and even helps out with adoption (probably the most important element). Well-established as the leader in end-to-end contract lifecycle management, ContractPodAi harnesses the unrivaled AI power of IBM Watson and Microsoft Azure for leading corporations around the . It eliminates inefficiencies associated with manual contract analysis, management, 2023 Slashdot Media. This allows us to make data-driven decisions about which documents to accept, reject, and produce. The platform can be customized to suit our needs and as we interact daily with the tool and think outside the box as to how the tool can best be incorporated into our internal processes, we are able to achieve an interactive platform that enhances our capability as a Legal Dept. Click here to view the ContractPodAi Cloud Brochure. We continue to be an extremely satisfied customer of ContractPodAi. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. When they tell you it is end to end, it truly is. It is listed as a Visionary in Gartner's CLM Magic Quadrant. OCR and scanning of PDF documents to make them readable is great - allows for detailed searches which helps with our conflict checking process. I also liked the whole digital transformation process they bring in. Well-established as the leader in end-to-end contract lifecycle management, ContractPodAi harnesses the unrivalled Ai power of IBM Watson and Microsoft Azure for leading corporations around the world. The learning curve it can be difficult to learn all of the features and tools, and the training materials provided by ContractPodAi could be more comprehensive and helpful.Some people think that ContractPodAI is not as easily integrated with other systems and applications that our organization uses on a daily basis.I have noticed that some of the reporting and analytics capabilities of ContractPodAi are quite detailed and useful, but I have found that they could be more customizable and flexible to meet the specific needs of our organization. - Would like to have a easy way to find contracts in process, and follow up to close contracts in process to end users. Right-click on the ad, choose "Copy Link", then paste here Easy access to templates and generation, revision and termination of contracts! I have found ContractPod AI to be an outstanding contract management platform. Very responsive and thorough. Q: What kind of support options does ContractPodAi offer? ContractPodAi offers support included with purchase. There are cases that we have a contract signed in 5 minutes from all the parties which is very essential provided that it can take weeks for a contract to get signed! Finally, the migration and implementation support was exceptional. We needed a common CMS tool to build synergies across the business for storage, audit, retrieval and now automation of contract. 06 Apr, 2021, 04:00 ET. We continue to be an extremely satisfied customer of ContractPodAi. More information is available at ContractPodAi.com. We are already finding that we are tightening the compliance of our vendors to their contractual obligations to us. We are still in process of migrating everything into the system with the help of our account manager. The software stands out among all CLM vendors we evaluated as well. From figuring out how you are doing at the beginning, to where you need to grow, then how to get there. Even after the software is in place, we have a customer success manager who still helps us whenever we have questions, need to change something, or need some deeper training on some parts. You seem to have CSS turned off. Its predecessor, the original $100 billion megafund Vision Fund, has invested in dozens of household names including WeWork, Uber, and DoorDash. The company caters to retail, manufacturing, energy and utilities, pharmacy, healthcare, and other sectors. Find out more about how we use your personal data in our privacy policy and cookie policy. Our overall experience with the system and the customer service has been great. The investment marked the first legal-tech investment by either of SoftBank's Vision Funds. By signing up you agree to receive content from us. It was quickly switched over to a video training and went off without a hitch - and again, she remained available to anyone who had questions or needed extra help. Clients typically get five times the return on value and time with the use of AI, Misra said.