Contracts are becoming more complex and costly. It costs an average of $7,000 to create a standard contract, and up to $50,000 to create something more complex.
We know that 99% of organizations want to reduce their contracting costs and the time spent on managing the contract lifecycle. But the all-in-one approach of typical contract lifecycle management platforms requires you to log in, learn, and use a third party system. But we know there's a better way. That's where digital contracting comes in. With this approach, legal teams report time savings of up to 85%. Plus, automating contract lifecycle management can accelerate negotiation cycles by 50%, and cut operating costs by 30%.
Summize focuses on the user experience by creating an integrated CLM that commercial and legal users can use to work together. With Microsoft Teams and Slack as the interface, contracts are created in under two minutes. And by integrating into Microsoft Word, legal teams can draft, summarize, and analyse contracts, completing a review in under five minutes. Discover the world's first integrated CLM from Summize. It's digital contracting, done differently.