ContractRoom

ContractRoom is a cloud-based negotiation and contract lifecycle management system that changes the way deals get done and how decisions are made. There is a clear distinction between ContractRoom and its competitors, which allows for improved business productivity and predictability. Those differentiators are: Collaboration and Control - it covers the entire process of communication, reviewing, editing, approving and tasking both internally in an organization as well as externally with counterparties. Imagine never having to play a game of email ping-pong again or decipher a redlined MSWord circulated internally and/or externally to determine the sequence in which changes had been made! Or, no long having to constantly check you are working on the correct version of a document when working with multiple parties. ContractRoom does away with all this annoyance!; Transaction and Behavior Data - it captures and leverages transaction and behavior data from the entire back-and-forth negotiation, not just final outcome. ContractRoom keeps a data record of every negotiation offer and counter on any business term or legal clause as well as tracking how long it takes (“timers”) and how many changes are made (“counters”). Once these data sets are aggregated, the system can make inferences for future deal-making and decision-making in real-time, what we call Predictive AgreementTM. So, negotiators no longer have to operate in a vacuum; instead, they benefit from the “collective intelligence” of their peers and can collaborate in a more informed way so as to achieve better business outcomes.


Overview

StatusActive
CategoryDocument Automation
HeadquartersSan Mateo, CA, USA
Founded2002
Tags negotiation, contract management, contract lifecycle management
Websitehttp://www.contractroom.com
Social

Crunchbase

Related companies


ClearNDA 

Securely bringing contract negotiations to the cloud

web, documents, cloud, contracts, negotiation

LECARE 

LECARE – Legal Management Software German Web-based Software for your Legal Department! With more than 30 years of experience LECARE is one of the leading suppliers of powerful software solutions in Germany for legal, compliance and other specialist departments in companies, at local authorities, associations, legal firms and other organisations that manage contracts, trademarks and compliance. By liaising closely with our more than 400 clients from a range of different industries mostly in Germany, we have consistently developed our software and adapted it to the needs of different industries.

case management, compliance, contract management, legal practice management, matter management, legal department, data protection

Synergist.io 

synergist.io is a simple platform to negotiate contract terms. Users can make offers, track deal progress and resolve disagreements.

negotiation, automation, ai, contract negotiation

smartwork solutions GmbH 

SMASHDOCs is a web-based word processor that makes it extremely easy and fast to create, revise and negotiate legal documents. Smart version control Instead of creating countless versions of a document, SMASHDOCs saves all proposed changes, decisions and comments paragraph-by-paragraph in just one single document. Version chaos is now a thing of the past – finally. Smart redlining SMASHDOCs knows which changes and comments are new to a user and automatically highlights them for him - even when multiple users are editing a document simultaneously. Cumbersome version comparisons are no longer necessary. Smart Word integration Send out a Word document if some people don’t work with SMASHDOCs. If you get a new Word version from them, simply re-import it into your SMASHDOCs document and save the changes. Smart reporting Do a contract review within seconds by comparing any number of documents and creating a synopsis report showing changes to every paragraph.

negotiation, document collaboration, word processing

Precisely 

Precisely's AI-powered contract automation platform helps companies streamline and take control of their contracts. Automated contract creation, document automation, electronic signatures, contract approval automation, digital archiving and smart monitoring of contracts - all in one place in the cloud.

document automation, machine learning, document management, contract management, artificial intelligence, electronic signatures, contract automation, contract approvals, approval automation