Contracts are becoming more costly and complex, and slow, manual contract processes are slowing down sales and procurement cycles that impact revenue generation.
For contract workflows to be effective, they should span the whole organisation, as well as the legal team itself. The important information contained within contracts needs to be readily available and accessible before it can be useable.
Traditional legal front door solutions have allowed commercial users to submit contract requests via a form or shared inbox, set up and managed by legal. These commercial queries to in-house legal teams are causing a backlog in requests, impacting sale cycles, introducing risk and contributing to mounting pressure on legal resources.
Summize takes a different approach. Your legal front door is natively built within Microsoft Teams or Slack, allowing users to create contracts, raise issues, submit documents, and receive self-service guidance all within the native chat experience.
Improve and accelerate legal contract processes without changing ways of working. Intelligent CLM analytics track contract response times, negotiation cycles, request types, status, owner and much more!
By uniquely interacting with familiar collaboration tools, including Teams and Slack, legal communication is streamlined and centralised across the entire business. It's a smarter way to submit contract requests
Eliminate bottlenecks in sales cycles by helping commercial teams self-serve on contractual agreements. Enable contract creation in less than 2 minutes, with first pass reviews achievable in under 5 minutes.
According to a study by EY, an average of 19,000 - 50,000 contracts are managed and reviewed every year by contracting teams at large organisations.
Why not find out what that's costing your business?
The calculations included in these tables were taken from a number of reports including: Glassdoor, World CC, ACC, and Summize. They also do not include the price of Summize licences.
"I only dislike that we didn’t find it sooner!"
Senior Contracts Manager, Verified G2 Review
July 22nd 2022