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What is ContractWorks?
ContractWorks is a comprehensive contract lifecycle management (CLM) software designed to centralize, automate, and streamline contract processes for organizations. The platform leverages advanced AI technologies, including GPT-3 and robust OCR, to accelerate contract drafting, enable instant search and review of contract terms, and simplify complex legal language for greater efficiency.
Suitable for a wide range of industries and departments, ContractWorks provides secure document storage, automated alerts, collaborative editing with Word compatibility, and scalable workflows. With built-in electronic signatures, customizable reports, and permission-based access control, it empowers legal, finance, HR, and sales teams to manage contracts with improved compliance, transparency, and speed from a single easy-to-use interface.
Features
- Centralized Contract Repository: Secure single location for storing and organizing contracts.
- AI-Powered Search & OCR: Rapidly locate contracts, clauses, and terms using artificial intelligence.
- GPT-3 Clause Creation: Generate new contract clauses and simplify complex legal language with GPT-3 AI.
- Dynamic Drafting Templates: Create any type of contract in minutes via interactive templates.
- Collaborative 2-Way Editor: Redline and edit contracts with compatibility for MS Word.
- Automated Approval Workflows: Streamline and accelerate contract reviews and approvals.
- Built-in Electronic Signatures: Legally sign and manage agreements from anywhere.
- Customizable Reports & Alerts: Schedule reports and receive notifications on key dates and milestones.
- Permission-Based User Roles: Control access and visibility with role-based permissions.
- 24/7 Support: Around-the-clock customer support for all users.
Use Cases
- Automating contract drafting and approval for legal teams.
- Managing contract renewals and compliance in healthcare organizations.
- Streamlining vendor agreement workflows for procurement managers.
- Centralizing sales agreements and accelerating deal closures.
- Enabling collaborative contract negotiations with internal and external stakeholders.
- Improving audit readiness with secure, permission-based contract access.
FAQs
-
What happens after the trial account expires?
After the trial period, the account automatically converts to a paid standard license, with all contracts, tags, alerts, and user data preserved for a seamless transition. -
Can ContractWorks be accessed by clients outside the US?
Yes, ContractWorks can be accessed globally and payments from international clients are supported. -
How are electronic signature licenses managed?
Each plan includes a set number of electronic signature licenses, with additional packs available for purchase; only users with a license can send documents for signing, while all recipients can sign for free. -
Is there a dedicated onboarding process?
Yes, template automation and onboarding are included in the paid implementation process, with the ContractWorks team integrating workflow and document patterns for new customers. -
What support is provided to customers?
ContractWorks offers 24/7 customer support to assist users with setup, training, and any ongoing platform needs.
Related Queries
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ContractWorks Uptime Monitor
Average Uptime
100%
Average Response Time
155 ms
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