Streamline legal processes with AI-powered contract management.

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July 28, 2024

Cloud Contracts 365

Contract management

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Streamline legal processes with AI-powered contract management.

Overview

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Contract management13 0

Legal Tech Contract Management AI Contract Tool Workflow Optimization Legal Process Automation Risk MitigationFree + from $120.84/mo

Most popular alternative: Fynk (10 saves)

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Cloud Contracts 365 is a contract management tool designed to streamline legal processes with practical functionalities. Its product suite revolves around the creation, review, and management of contracts.

With its intuitive contract builder, users can quickly generate contracts from simple questionnaires and standardised templates, specifically tailored for tech businesses.

Additionally, it provides an AI-enabled contract review mechanism, offering useful insights into risk severity and facilitating swift and effective negotiations.

The platform delivers a visual representation of contract risk scores for better understanding and decision-making. For contract management, Cloud Contracts 365 operates as a single-source-of-truth for all contracts, enabling centralisation of contracts, integration with e-signature tools for swift signings, and automated reminders for contract renewals.

It seeks to cater to different teams such as leadership, sales, in-house legal, finance, and operations, offering dedicated solutions to organise, analyse, optimise contracts, create contracts quickly, review contracts 24/7/365, manage legal risk cost-effectively, and standardise and streamline workflows.

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Initial release

April 19, 2024

Initial release of Cloud Contracts 365.

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Pricing

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Free Trial

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$120.84/month

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Monthly

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Contract management Cloud Contracts 365

Contract management

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Pros and Cons

Pros

Intuitive contract builder

Standardised templates for tech

Visual risk severity insights

Streamlines negotiations

Centralised contract database

Integrated e-signature tools

Automated contract renewal reminders

Tool for varying teams

24/7/365 contract reviews

Legal process automation

Risk mitigation capabilities

Contract analytics

Affordable compared to lawyer

Clause-by-clause analysis option

Instant risk score

Contracts reviewed in minutes

All contracts in one platform

Helps prepare for exit

Single-source-of-truth for contracts

Facilitates quick contract creation

Solutions tailored for tech businesses

Feedback grouped by risk severity

Speeds up sales cycle

Visualisation of contract risk

Identifies risks and mitigation

Mitigate business legal risk

Improves negotiation strategies

Contract lifecycle management

Workflow optimisation solutions

Contracts tailored for technology businesses

Best-in-class contract templates

Contracts created to close faster

View 27 more pros

Cons

Only for tech businesses

Limited contract templates

Doesn't support non-English languages

No smartphone application

Potentially high learning curve

Lacks offline mode

Exclusively cloud-based

Unclear pricing details

View 3 more cons

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Q&A

What is Cloud Contracts 365?

Cloud Contracts 365 is a contract management tool that utilises artificial intelligence to streamline legal processes. It provides functionalities focused on contract creation, review, and management with a focus on technology businesses. It also offers an intuitive contract building tool and an AI-enabled contract review mechanism.

How does Cloud Contracts 365 streamline the contract creation process?

Cloud Contracts 365 streamlines the contract creation process with its intuitive contract builder. It allows users to quickly generate contracts based on simple questionnaires, which are then filled in using standardised templates that are specifically tailored for technology businesses.

What are the functionalities of Cloud Contracts 365?

Cloud Contracts 365 offers functionality that encompasses every stage of the contract management process. This includes creation, review, management, and renewal of contracts, alongside integration with e-signature tools for quick contract signings. The platform operates as a single-source-of-truth for all contracts, centralising them in one location and ensuring contract information is accurate and up-to-date.

Can Cloud Contracts 365 review contracts?

Yes, Cloud Contracts 365 can review contracts. It houses an AI-powered contract review mechanism which breaks down the contract clause by clause, identifying risks, and providing guidance on how to mitigate them.

What insights does the AI contract review mechanism of Cloud Contracts 365 provide?

Cloud Contracts 365's AI contract review mechanism provides a clause-by-clause analysis of contracts, identifying risks and offering guidance on how to mitigate them. The reviews are grouped by risk severity, which helps users understand their positions better and aids in the negotiation process.

What kind of visual representation does Cloud Contracts 365 offer for contract risk scores?

Cloud Contracts 365 offers a simple visualisation of each contract's risk score. This instant risk score feature facilitates a quick understanding and allows users to assess the risk severity of a contract at a glance, supporting informed decision-making.

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In what way does Cloud Contracts 365 integrate with e-signature tools?

Cloud Contracts 365 integrates with e-signature tools to expedite the contract signing process. The e-signature feature helps accelerate deal closures by eliminating the need for physical signatures, thus promoting efficiency and convenience.

How does Cloud Contracts 365 manage contract renewals?

Cloud Contracts 365 manages contract renewals by sending automated reminders to users about upcoming renewals. This ensures key dates are not missed, fostering efficient contract lifecycle management.

What teams is Cloud Contracts 365 designed for?

Cloud Contracts 365 is designed to cater to various teams within an organisation. This includes leadership, sales, in-house legal, finance, and operations. By offering dedicated solutions that cater to the unique needs of each team, the platform ensures comprehensive contract management across the board.

Can Cloud Contracts 365 be used to standardise and streamline workflows?

Yes, Cloud Contracts 365 can be used to standardise and streamline workflows. It helps standardise contracts, improve accuracy and increase efficiency by automating contract creation based on user-supplied questionnaire responses.

How does Cloud Contracts 365 aid in legal risk management?

Cloud Contracts 365 aids in legal risk management by providing in-depth contract reviews around the clock. With AI capabilities, it identifies and groups feedback by risk severity and provides guidance where necessary, enabling users to manage their legal risks more cost-effectively.

Which contract templates are available on Cloud Contracts 365?

Cloud Contracts 365 provides a collection of standardised contract templates suitable for tech businesses. The contract templates available include Master Services Agreement, Letter of Agreement, Non-Disclosure Agreement, Professional Services Agreement, Managed Services Agreement and SaaS Agreement.

Does Cloud Contracts 365 allow for contract analytics?

Cloud Contracts 365 does support contract analytics. By maintaining a central repository of all contracts and offering an AI-powered contract review mechanism, it enables users to analyse and manage legal risks more effectively and efficiently.

What are the features of the intuitive contract builder in Cloud Contracts 365?

Cloud Contracts 365's intuitive contract builder allows for quick and easy contract generation. It uses simple questionnaires and best-in-class templates created by tech specialist lawyers to generate contracts. It's designed to standardise contracts and improve accuracy while considering the essential clauses necessary for technology businesses.

How does Cloud Contracts 365 assist tech businesses?

Cloud Contracts 365 assists tech businesses by providing a full suite of contract management solutions tailored specifically for their needs. This includes quick contract creation, 24/7 contract reviews, management of legal risk, streamlining and standardising of workflows, and the provision of essential contracts to protect the business.

Can contracts be quickly generated from questionnaires using Cloud Contracts 365?

Yes, Cloud Contracts 365 allows for quick contract generation using questionnaires. Users answer simple questionnaires, which then feed into standardised templates to generate contracts swiftly and accurately.

Does Cloud Contracts 365 provide contract lifecycle management?

Yes, Cloud Contracts 365 provides comprehensive contract lifecycle management. This includes centralising all contracts in one secure platform, enabling quick contract signatures with e-signature integration, facilitating contract renewals with automated reminders, and preparing for exit with organised and compliant contracts.

How does Cloud Contracts 365 facilitate contract negotiations?

Cloud Contracts 365 facilitates contract negotiations by reviewing contracts within minutes and providing feedback grouped by risk severity along with guidance. The speedy review process and the ability to mitigate risks inform users where to negotiate or push back, thus speeding up negotiations.

What sector is Cloud Contracts 365 tailored to serve?

Cloud Contracts 365 is specifically tailored to serve the tech business sector. With a focus on providing practical functionalities and legal process automation, it is specifically designed to meet the unique contract creation, review, and management needs of technology businesses.

Does Cloud Contracts 365 offer a centralised platform for all contracts?

Yes, Cloud Contracts 365 provides a centralised platform that acts as a single-source-of-truth for all contracts. It enables you to centralise all your contracts and avoid misplacements, keeping you informed about all the key legal issues in one place.

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