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. The package you choose, and the number of users. Overall, our experience with ContractPod AI has been nothing short of fantastic. The team at ContractPodAi also sends out periodic updates. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. The dashboard is also a great tool to see what contract needs to followed up on. ContractPodAi Cloud amplifies your business's readiness through our partnerships with complementary technology providers including IBM, Microsoft, DocuSign and Salesforce. It is easy to remember how to get around the system, which is helpful for general adoption by the rest of the team and some of the business users. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. OCR and scanning of PDF documents to make them readable is great - allows for detailed searches which helps with our conflict checking process. They weren't the cheapest option, but the cheaper options didn't seem to meet all of our needs. 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. "This is a curve that shows how we think about platformization. Finally, the migration and implementation support was exceptional. Start simple and grow. You need more time to focus on what you do best: modern legal design and high-level, strategic thinking. Additionally, we have significantly improved our DocuSign integration capabilities. Contract PodAi just recently rolled out a product upgrade to fix this issue. Need to choose a contract management solution? "There's a big opportunity in the market, which is ripe for transformation," he told Insider. Thanks for helping keep SourceForge clean. The company's $55 million Series B in July 2019, led by Insight Partners, was geared toward scaling up these foundational tools and launching its cloud-based offering in April. Frankly, that gave me the confidence that this wasnt just an AI experiment a few summer students built on a work-term. ContractpodAi is a very useful tool! The most important feature for our company is the easy storage of all our contracts, and the advanced search function that covers the whole contract database. I also liked the whole digital transformation process they bring in. The whole industry is talking about more for less, and about digital transformation. ", "It took a lot of drive internally, and the help of a great contract management system. - complicated and feckless search function: on numerous occassions the same search parameters returned different results - reporting system is complex and results are not user friendly : you're presented with a list of contract ID numbers so you havse no way of using the results usefully to identify the contracts you need - customisation is laborious and rigid - expensive: we are paying [SENSITIVE CONTENT HIDDEN] a year for 35 people to have access the system - template generation tool: not user friendly, so others in the business can't make use of it (as was the idea) - synch with DocuSign: again , so complex that noone in the business will adopt this system. OCR and scanning of PDF documents to make them readable is great - allows for detailed searches which helps with our conflict checking process. LONDON, April 6, 2021 /PRNewswire/ --ContractPodAi, the award-winning provider of AI-powered contract lifecycle management (CLM) solutions, today announced the launch of ContractPodAi Cloud, a new legal platform that streamlines and simplifies all in-house legal processes. - complicated and feckless search function: on numerous occassions the same search parameters returned different results - reporting system is complex and results are not user friendly : you're presented with a list of contract ID numbers so you havse no way of using the results usefully to identify the contracts you need - customisation is laborious and rigid - expensive: we are paying [SENSITIVE CONTENT HIDDEN] a year for 35 people to have access the system - template generation tool: not user friendly, so others in the business can't make use of it (as was the idea) - synch with DocuSign: again , so complex that noone in the business will adopt this system. They weren't the cheapest option, but the cheaper options didn't seem to meet all of our needs. Company Size: 500M - 1B USD. As a strategic partner for clients, ContractPodAi is cementing its commitment to scalable customer impact with this platform release. Financial information was redacted from this slide. The negotiation portal has also been helpful for communicating and negotiating with vendors. We were able to implement ContractPodAI fairly quickly (6 months) and launch it within a few departments for early use/testing. Particularly, the AI works with strong IBM Watson partnership. - Ability to search for contract template that we need, quickly and accurately. It eliminates inefficiencies associated with manual contract analysis, management, 2023 Slashdot Media. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. The company, which has been known as a player in the contracts area, expanded beyond contract lifecycle management earlier this year with the launch of a new platform that allows in-house legal teams to manage all types of matters. I personally liked the obligations management capabilities. This is also in many ways the journey that ContractPod has gone through in its product evolution as well," Misra said. With integrated BPA, users can automate document generation along with the approval and other workflow management processes by using the standard template library. It took a lot of drive internally, and the help of a great contract management system. 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. Now, the platform's 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. If I need to make changes or create a new permission profile then I typically reach out for support rather than doing it myself but always get quick assistance. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, contract lifecycle management (CLM) solutions. 15 documents over the period of 2-3 months. In a few of these cases, we were only billing them 30 or more days after renewal. 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. (Reuters) - 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 takes off. They also weren't the most expensive option. ContractPodAi supports these languages: Afrikaans, Arabic, Basque, Bulgarian, Catalan, Chinese (Mandarin), Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Gujarati, Hebrew, Hindi, Hungarian, Icelandic, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Macedonian, Malay, Marathi, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish , Tamil, Telugu, Thai, Turkish, Ukrainian, Urdu, Uzbek, Vietnamese, Cantonese. Misra kicked off his presentation with a quick summary of what the market looks like and where ContractPodAi comes in. No incentive was offered. Covering all legal processes, ContractPodAi Cloud provides digital tools and self-service capabilities to help you create, configure, and automate any legal document. Small, medium and large businesses are all dealing with contracts. Contracts began as a means to structure the rules and business terms between parties that could be adjudicated in a court of law in a predictable and fair way. Business moves quickly. Exclusive news, data and analytics for financial market professionals, How law firms calculate greenhouse gas emissions, How law firm marketing & business development teams can deliver in a pivotal year, Generative AI in law firms: For many, such technologies are still a great unknown, US Patent Office retaliated against whistleblowing judge, panel rules, Illumina expands board after fight with Icahn, Exclusive: Gambia hires US law firm to consider action on toxic Indian cough syrup, minister says, Netflix shareholders withhold support for executive pay package, Atos' shareholder Sycomore calls for shareholder vote to oust chairman. ContractPodAi provides training in the form of documentation, live online, webinars, and in person. We continue to be an extremely satisfied customer of ContractPodAi. It took a lot of drive internally, and the help of a great contract management system. Easy to use - quick to generate contracts which is great for our team's efficiency. Having a legal engineer work on all the implementation and migration work was a huge relief. The One Legal Platform allows you to handle multiple use cases and nearly every legal challenge. The legal tech sector is a "massive investment market to be tapped into," he said. "The smart repository, BPA, vendor negotiation portal and advanced analytics have been very helpful to our legal team, providing us with complete visibility and control over our legal lifecycle. Learn more abouthow ContractPodAi empowers legal teams around the world at ContractPodAi.com. Our team of legal experts and technologists are here to help you on your digital transformation journey. I personally, really like the extractions, which are the summaries of each contract in the system. This site is protected by hCaptcha and its, Looking for your community feed? INHUBBER simplifies contracts, making them comprehensible, interactive, and easy to manage. Building on the strength of ContractPodAi's end-to-end CLM solution, this no code platform allows teams to manage any legal scenario, process, or document using the platform's pre-built and configurable applications such as claims, RFP review, and IP portfolio management. There is also currently no way to reject a contract and ask the business user to upload a new version. Legal and non-legal users whose legal document management requires advanced solutions with end-to-end AI functionality and incremental, outcome-based legal digital transformation. We will follow-up with you to further discuss how we can improve your experience. From figuring out how you are doing at the beginning, to where you need to grow, then how to get there. We would love to hear more about your experience with ContractPodAi so that we can use your valuable feedback to provide increasingly better experiences. When typing in this field, a list of search results will appear and be automatically updated as you type. ContractPodAi Reviews 2023 | Capterra The system hasn't been useful: it is time consuming to upload and search for documents. The drafting AI, the AI part of contractpod is so powerful, this was a unique feature and one that saves us lots of time. We have a great CPAi support manager who is always available when we need and this has been critical to our adaption of the platform in our daily working matters. ContractPodAI Offers Leah As Standalone AI Product. ContractPodAi Cloud, our pioneering legal platform, is deployed for legal and non-legal users, for end-to-end legal management. Our overall experience with the system and the customer service has been great. This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you. ContractPodAi Cloud, our end-to-end legal 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 important dates. We have had a high adoption rate with our business users, so the team seems to like using the software. The ability to search documents for specific verbiage quickly is also extremely helpful. ContractPodAI, an AI-powered contract management solution provider, today announced that it raised $115 million in a series C investment led by SoftBank Vision Fund 2 at "five times" its . Outsourcing/Offshoring, 501-1,000 employees. Keep it up! The ContractPod team has been terrific to work with. The CLM company ContractPodAI said that Leah, its previously announced GPT-4-powered "legal services hub," is now available as a standalone product in addition to being a service within its CLM platform. ContractPodAi and LegalSifter Partner to Offer Complete AI - PRWeb - There is a lot of functionality in the system so its a steep learning curve to be a confident administrator of the system. ", "The artificial intelligence ability offered by ContractPodAi was impacted the purchase decision greatly. Originally we chose the system to solve the issue of storing and managing contracts, and it has proven to be as a great choice for that. By signing up you agree to receive content from us. Our Management couldnt get over that the legal department helped improve cashflow. "Eventually, the goal is to use the same system to platformize other legal assets and other legal pain points," he added. They're constantly improving the system and are willing to customize to your company's needs. Additionally, the platform provides real-time tracking of key metrics, making it easy to monitor the progress of your legal operations.The ContractPodAI has been really helpful to our organization, and it has done a great job of helping us meet our goals. Our Customer Support team is available to offer more details on how it works! Visibility, command, and control over all legal issues a company faces, from the leader in end-to-end CLM.