This platform uses AI to streamline contract lifecycle management, including drafting, negotiation, and analysis. By automating key processes and providing risk assessment tools, the platform enables legal and business teams to manage contracts more efficiently and reduce potential liabilities.
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized businesses often struggle with the complexities of contract management, leading to missed deadlines, compliance issues, and inefficient workflows. Manually tracking contract terms, renewal dates, and obligations is time-consuming and prone to errors. This can result in financial losses and increased operational risks.
Solution
Clausey is an AI-powered contract lifecycle management (CLM) platform designed to streamline contract management for SMBs. The platform automates key processes such as contract drafting, extraction of key terms, risk analysis, and version control. Clausey uses AI to extract over 50 data fields from contracts, including parties, renewal dates, and payment terms, and provides plain-language explanations of complex legal terms. It also offers features like automated reminders, "what-if" scenario testing, and negotiation insights to help users proactively manage their contracts and mitigate risks. By centralizing contract data and automating workflows, Clausey enables legal and business teams to manage contracts more efficiently, reduce potential liabilities, and turn contracts into strategic assets.
Target Audience
Clausey targets small and medium-sized businesses across various industries that need a simple and affordable solution to manage their contracts more efficiently.
Features
- AI-powered extraction of 50+ contract fields, including parties, dates, and clauses
- Support for various file types, including Word, PDF, scanned images, and email attachments
- Automated contract tagging and custom labels for easy filtering and organization
- AI-driven risk analysis and summaries to identify potential liabilities
- Automated reminders for key dates and version history tracking
- Plain-language explanations of complex legal terms
- "What-If" scenario testing for impact assessment
- Role-based access control and audit logs for enhanced security
- AES-256 encryption for data protection
- Integration capabilities with third-party CRM systems