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What is Summize?
Summize offers an integrated Contract Lifecycle Management (CLM) solution designed to streamline and accelerate contract processes across various business departments. By embedding its functionalities within commonly used tools like Microsoft Word, Outlook, Teams, and Salesforce, it enhances user adoption and efficiency. The platform utilizes proprietary AI, known as Summize Intelligent Agents (SIA), developed by legal experts to assist with tasks such as contract review, analysis, redlining, and summarizing.
It provides a unified system for contract requests, AI-powered reviews, a centralized repository for storage and management, and advanced analytics to identify risks and opportunities within contract data. Summize caters to different teams including Legal, Sales, Finance, HR, and Procurement, offering features tailored to their specific needs, such as self-serve contracting with pre-approved templates, faster deal closing, improved compliance tracking, easier management of employment contracts, and stronger vendor relationship management.
Features
- Integrated CLM: Embeds contract processes within existing business tools (Outlook, Teams, Word, HubSpot, Salesforce, Jira).
- AI-Powered Review (SIA): Utilizes Summize Intelligent Agents for accelerated contract review, analysis, redlining, and redrafting within Microsoft Word.
- Smart Repository: Centralized storage for easy access, management, and search of all contracts.
- Contract Analytics: Leverages AI to analyze contract data, spot risks, and identify opportunities.
- Self-Serve Contracting: Enables business users to create compliant contracts using pre-approved templates and workflows.
- Team-Specific Solutions: Tailored functionalities for Legal, Sales, Finance, HR, and Procurement departments.
- Workflow Automation: Streamlines contract requests and approvals.
Use Cases
- Accelerating contract review cycles for legal teams.
- Enabling sales teams to close deals faster with streamlined contract creation.
- Improving compliance and spend tracking for finance departments.
- Simplifying employment contract management for HR.
- Organizing vendor contracts and strengthening partnerships for procurement.
- Creating and managing NDAs and trial agreements directly from collaboration tools.
- Centralizing contract storage for easy access and management.
- Analyzing contract portfolios for risk and opportunity identification.
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