Company: ContractPodAI, London, UK
Nomination Submitted by: Walker Sands
Company Description: ContractPodAi Cloud amplifies your business's readiness through our partnerships with complementary technology providers including OpenAi, Microsoft, DocuSign and Salesforce. ContractPodAi® is headquartered in London and has global offices in New York, Glasgow, Sydney, Mumbai, and Toronto.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Legal - Medium-size
 Nomination Title: ContractPodAI
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since 1 January 2021, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 199 words used.
Well-established as a leader in end-to-end contract lifecycle management, ContractPodAi harnesses AI for leading corporations around the world. The platform’s robust, intuitive, and easy-to-use capabilities have been extended to handle the entire end-to-end legal lifecycle – any use-case, any document type, any scenario. ContractPodAi’s ‘One Legal Platform’ makes it easier for legal teams to expedite issues and author and review contracts so they can add more strategic value and proactively protect the business.
The company was founded in 2012 through recognizing the need to change the direction of the legal service delivery model, particularly through automation and AI. Through recognizing the need for legal to accelerate its digital transformation, ContractPodAi, a company inspired by lawyers and led by lawyers, focuses on its mission to transform the way the world makes agreements, and has spent over a decade evolving its AI-driven Contract Lifecycle Management (CLM) platform to be the tool where teams from any industry take charge of their agreements, anywhere, at any time.
ContractPodAi Cloud amplifies business’s readiness through its partnerships with complementary technology providers including OpenAi, IBM, Microsoft, DocuSign and Salesforce. ContractPodAi is headquartered in London and has global offices in New York, Glasgow, Sydney, Mumbai, and Toronto.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2021 that you wish to bring to the judges' attention (up to 250 words):
Total 206 words used.
ContractPodAi’s launch of ContractPodAi Cloud in 2021 expanded the company’s offerings to provide no-code, low code workflow designer to automate contract management processes. This platform builds on ContractPodAi’s AI powered end-to-end CLM, allowing legal teams to manage any legal scenario, process, or document. ContractPodAi made several enhancements in 2022-23 to boost its platform functionalities, consisting of:
- Leah:
- AI Powered Contract Review: An out-of–the-box contract compliance program part of Leah to assist in the time-consuming task of reviewing and remediating contracts and provide pre-built playbooks and templates making common contract types accessible and digital.
- Smart Repository: Acts as a user-friendly, visual, and actionable repository, governed by roles and permission to increase the efficiency of finding information, saving and sharing it with other users.
- Deepsights: -- ContractPodAi’s Legal Deepsights tool combines full end-to-end CLM with advanced analytics capabilities and elevates legals strategic impact on business, delivering insights across the executive team.
- Legal Intake Application: Connects users across an enterprise with the legal department to route and allocate requests efficiently and take requests through their lifecycle. Provides templates to ensure legal has the full picture for every request and can then organize requests by priority, auto-assign them to members of the legal team and convert accepted requests to workflows.
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 250 words used.
The launch of ContractPodAi Cloud in 2021 brought efficiencies to customers to help in-house legal teams do more with less amid the tight labor market and economic downturn. [REDACTED FOR PUBLICATION]
In general, customers can expect a significant ROI from investing in ContractPodAi Cloud. For example, a legal team of 15 people who see 200 new contracts created per year, with each contract term being an average of 3 years, can expect to see a 10-11x return on investment for a contract management system. This equates to $666,667 annual savings driven by productivity gains.
[REDACTED FOR PUBLICATION]
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 37 words used.
-Customer Story: Joerns Streamlines Their Legal Work
[REDACTED FOR PUBLICATION]
-Hayes Recruiting Customer Testimonial Video: Customer Story: Hays Recruiting Improves Contracting Transparency
-Leah Solution Brief
-Deepsights Whitepaper
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