Summize: Streamlining Contract Lifecycle Management

Summize is a revolutionary Contract Lifecycle Management (CLM) solution designed to integrate seamlessly with the tools you already use daily, such as email, collaboration apps, and Microsoft Word. It eliminates the friction and frustration often associated with contract management, resulting in significant time and efficiency gains for legal teams and the entire business.

Key Features

• Generate Contracts: Request contracts directly from your inbox or platforms like Teams and Slack using pre-designed, approved legal templates. This empowers business stakeholders to initiate contracts quickly and efficiently.
• Review and Negotiate Contracts: The Summize Word Add-In, coupled with AI functionality, supercharges your contract review and negotiation process within the familiar Microsoft Word environment. AI-powered summaries highlight key information and potential red flags, while AI redlining suggests missing clauses and corrections in seconds.
• Store and Summarize Contracts: Summize's secure, central repository provides seamless searching with diverse filtering options and permission-based access. Quickly find contract information, including renewal dates, clauses, and terms. Contract analytics enable you to set and track KPIs, such as time spent on contract reviews.
• Seamless Integrations: Summize offers a fully immersive experience across your business-critical apps, going beyond simple alerts and notifications.
• AI-Powered Assistance: Utilize the AI Assistant to reword, translate, shorten, or summarize clauses, further enhancing efficiency and accuracy.
• Collaboration: Facilitate quick and easy internal collaboration directly within contracts. Start conversations, receive notifications, and track updates to minimize clutter.
• Fast Time to Value: Accelerate your path to value with a sprint-based implementation approach and dedicated support from the Summize team.
• Single Source of Truth: Store post-signature contracts in a central location alongside related files, attachments, and conversations, all easily accessible via search.
• High Dependability: Benefit from high dependability with Azure's global top-tier security and SSO authentication. Data privacy is ensured through the use of the Microsoft Azure OpenAI service.

Benefits

• Reduced Review Time: Save up to 85% in manual review time using Summize's AI capabilities.
• Increased Efficiency: Streamline contract creation, review, and negotiation processes.
• Improved Collaboration: Facilitate seamless collaboration among stakeholders.
• Enhanced Security: Benefit from robust security measures and data privacy protection.
• Reduced Costs: Lower overall contract management costs through automation and efficiency gains.

Comparisons

While other CLM solutions exist, Summize distinguishes itself through its unique integration with familiar tools and its AI-powered features. Unlike solutions that require significant changes to existing workflows, Summize enhances existing processes, making adoption smoother and more efficient. The AI-driven features, such as automated summaries and redlining, provide a significant advantage in terms of speed and accuracy compared to manual processes.

Conclusion

Summize offers a comprehensive and intuitive CLM solution that simplifies and accelerates the entire contract lifecycle without disrupting established workflows. Its AI-powered features, seamless integrations, and focus on user experience make it a powerful tool for legal teams and businesses of all sizes.