SimpliContract, a cutting-edge disruptor in the enterprise Contract Lifecycle Management space, and Clearlaw Inc., an innovative artificial intelligence company specializing in deep contracting intelligence and data extraction, announced a strategic partnership today.
Through this partnership, SimpliContract will expand its portfolio to service clients by providing access to Clearlaw’s industry-leading AI engine, while Clearlaw will expand its ability to support clients with sophisticated CLM needs. Together, SimpliContract and Clearlaw are poised to disrupt the CLM landscape.
“With digitization and automation taking center stage, CLM is no longer a ‘good to have’ but a ‘must-have’ for enterprises," said SimpliContract’s Co-founder and CEO Guru Venkatesan. “Clearlaw’s innovation in the Contracting Intelligence space aligns with our vision of empowering legal professionals with tools to automate contracting and improve productivity.”
“SimpliContract is providing new and innovative approaches to helping organizations tackle their contract needs,” says Clearlaw CEO Jordan Ritenour. “We are excited and honored to partner up with one of the fastest-growing vendors in the LegalTech space.”
SimpliContract is on a mission to democratize contracting and establish powerful contract management practices using the power of AI. We help in-house Legal, Sales, Finance, and Procurement teams simplify the process across the contract lifecycle and enable real-time collaboration for internal and external stakeholders. The AI-powered end-to-end enterprise Contract Lifecycle Management (CLM) platform helps organizations accelerate revenue, reduce risk, improve compliance, reduce expenses, and boost productivity.
The CLM platform empowers 20K+ users and stakeholders to manage contracts effectively and efficiently through a unified collaboration platform. Leading players in Retail, E-commerce, Ed-tech, Govt. & Healthcare and other industries across the globe trust SimpliContract for their end-to-end contracting needs.
Clearlaw is transforming the way businesses leverage contracts and contractual data with their clients and vendors. Through the deployment of Nature Language Processing and deep learning methods specifically designed for contract language, Clearlaw empowers legal teams to automate key contract data identification and extraction, whether for the review of a single contract or across a large contract repository.