IBM Watson-backed contract creation and lifecycle management tool ContractPodAi has teamed up with Workshare to integrate its document comparison technology into the CLM platform, which is primarily aimed at in-house lawyers.
ContractPodAi users assemble, automate, approve, sign and manage their contracts within the platform and the new integration with Workshare Compare Server will enable them to save time during the contract review or renewal cycle.
The integration follows a 12-month period that has seen ContractPodAi, which incorporates out-of-the-box Watson-backed contract analyst “E:V”, double its client base. In January, ContractPodAi reported an annual recurring revenue increase of over 500%, having completed its evolution to a pure legal tech SaaS player.
The London headquartered company has won as clients household names such as Freeview, Wonga, Ikea, LendInvest and Total.
“We see embedding and automating elements of file comparison in the contract review process as the intuitive next step in developing and enhancing our user experience”, says Sarvarth Misra (pictured), founder and CEO at ContractPodAi. “Workshare are by far and away the obvious partner for this and we are delighted to be working with the team.”