ContractRoom

Company profile

ContractRoom company profile

ContractRoom is a AI-powered negotiation and contract lifecycle management platform. It's known as the world's smartest CLM as it provides a true end-to-end contracting environment that provides automated routing workflow combined with deep contract insights for more informed decision making. Therefore, negotiation teams (in sales, procurement, legal, finance, etc.) can close agreements 10x faster with complete control for the greatest financial impact. ContractRoom has eyes on the entire contracting process and "learns" over time from large data sets, and tells the user what to do, or better yet, does it for them. This explains why 20+ world-class customers, including several Fortune 500 have selected it, with over 25,000+ users and in excess of 250,000 contracts under management. For any high volume, high frequency contracting processes, ContractRoom can complement (or replace) current, siloed solutions such as eSignature and contract repository, which only address pieces of the overall contracting process. It can also seamlessly connect all data and usage flows from the CRM front-end to the ERP back-end. As an end-to-end solution for critical document-intensive processes, ContractRoom is part of fast growing CLM software category and can also be associated with the evolving software category called Digital Transaction Management (DTM). Either way, the market is estimated to grow to $30 billion and researchers estimate that by 70% of large enterprises will a digitation or transformation initiative by 2018. ContactRoom customers are experiencing significant improvements in efficiency and productivity – 100% more control, 75% faster and 50% more accurate, and 20% less expense. Many of our Fortune 1000 customers initially implemented ContractRoom within their Sales, Procurement & Legal departments so as to streamline the negotiation and contracting process, but also consolidate their various vendor products/systems (e.g., document assembly, request management, workflow automation, multi-party collaboration, approval routing, e-signature, contract repository and compliance management) into a singular platform with more ease-of-use.