Concord
Centralize, automate, and track every contract in one secure, AI-powered platform.
Executive Summary
Concord is a cloud-based contract lifecycle management (CLM) platform that centralizes, automates, and tracks contracts from creation to renewal. It is designed for businesses of all sizes, empowering legal, procurement, sales, finance, HR, operations, and IT teams to manage contracts efficiently. The platform leverages AI for data extraction, risk identification, and actionable insights, aiming to reduce contract cycle times, achieve cost savings, and enhance compliance by transforming contracts into strategic assets.
Use Cases
- Streamlining contract drafting, negotiation, and execution processes.
- Centralizing all contracts for easy access, search, and management.
- Automating obligation management and tracking key deadlines and renewals.
- Identifying and mitigating contract risks and ensuring regulatory compliance.
- Improving cross-functional collaboration on contracts across legal, sales, procurement, and finance teams.
- Gaining strategic insights and analytics from contract data to inform business decisions.
Features
Visibility
- Centralized Contract Repository: A secure, searchable repository for all contracts with unlimited storage and customizable permissions, allowing quick access and improved governance.
- Real-time Analytics & Reporting: Provides visual dashboards and customizable reports to track contract performance, identify trends, and gain insights across the entire contract portfolio.
- Audit Trails & Version Control: Maintains immutable, tamper-proof audit trails for all contract history and signatures, along with automatic version control for collaborative editing.
- Proactive Alerts & Deadline Tracking: Automated alerts and notifications for key deadlines, renewals, and obligations, preventing missed opportunities and compliance issues.
Intelligence
- AI-Powered Data Extraction: Automatically identifies and extracts key contract terms, parties, dates, and financial information, reducing manual data entry and improving accuracy.
- AI Copilot for Contract Q&A: Allows users to ask natural language questions about their contracts and receive instant, accurate answers by analyzing stored contract data.
- Automated Workflows & Approvals: Customizable approval workflows and automated routing based on risk thresholds, streamlining the contract review and execution process.
- Intelligent Clause & Template Libraries: Dynamic clause libraries and AI-powered template recommendations facilitate intelligent contract creation and ensure consistency.
- Risk Scoring & Prioritization: AI-driven risk assessment identifies compliance issues and potential risks, helping prioritize contracts and negotiations.
Support
- Seamless Integrations: Connects with popular business tools like Salesforce, HubSpot, Google Drive, Box, Dropbox, Slack, and 5,000+ apps via Zapier.
- Real-time Collaboration Tools: Built-in redlining, in-line comments, and e-signature capabilities enable seamless teamwork across departments.
- Self-Serve Intake Forms: Business teams can create compliant contracts on demand using legal-approved templates and smart routing.
Technical Specifications
- Architecture
- Cloud-native SaaS
- Deployment
- Cloud/SaaS
- Authentication
- SSO, Two-factor authentication (2FA), Complex passwords
- API Available
- Yes
- MCP Server
- No
Infrastructure
- AWS
AI/ML Stack
- NLP
- Machine Learning
- Generative AI
- Predictive Analytics
- Computer Vision
Integrations
- Salesforce
- HubSpot
- Google Drive
- Box
- Dropbox
- Zapier
Security & Compliance
Certifications: SOC 1, SOC 2 Type II, SOC 3, ISO 27001, GDPR, HIPAA, CSA Star Level One, EU-U.S. DPF, UK DPF, Swiss-U.S. DPF
Encryption: AES-256 at rest, TLS 1.2 or higher in transit
Data Residency: Cloud-based
Pricing
- Model
- Tiered subscription (per user/month, billed annually)
- Starting Price
- Starting at $499/month (Essentials plan, includes 5 users, billed annually)
- Target Customer
- SMB to Enterprise
- Contract Type
- Annual (monthly available by contacting sales)
- Free Trial
- Yes, 14 days (credit card required)
About concord
Concord is a cloud-based contract lifecycle management (CLM) platform that leverages AI to help businesses create, collaborate on, negotiate, e-sign, and manage contracts in a single workspace. It focuses on streamlining contract workflows, ensuring compliance, and managing renewals for legal, sales, procurement, and operations teams.