"ContractRoom is a contract lifecycle management system that changes the way deals are done by streamlining workflows and capturing and leveraging data. "
ContractRoom is a cloud-based negotiation and contract lifecycle management system that changes the way deals get done and how decisions are made. There are clear differentiators with the competition, namely in the way ContractRoom streamlines the entire back-and-forth on business terms and legal text between negotiating parties. The solution can automate and capture data document assembly, term negotiation and contract management for any corporate buying, selling, hiring and recording activities. And then the large data set can be leveraged with machine learning to help predict the best terms and clauses for future agreement - finding the path of least resistance for the close. This means your internal and external dealings will be faster (up to 75%) with less mistakes and minimal friction.
Drafting a contract can be as simple as dragging and dropping standard contract clauses and clicking to edit the text as you desire.
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.
Transaction and Behavior Data - it captures and leverages transaction and behavior data from the entire back-and-forth negotiation, not only the final outcome, as is the case with most CLM systems.
Product recommendations, vendor rankings, market overview and tips on how to select Contract Management software for business. Published in June 2021.
Products in this category are designed to help an organization manage its contracts or legal agreements with other companies or vendors. Typically, contract management software is used for storing contract documents, tracking changes made to existing contra...FREE DOWNLOAD Contract-Management-Software-Buyer-Guide-2018.pdf
Yes, it allows multi-person use.
Yes, there is a Help Center with accompanying video tutorials.