Contractify

What is Contractify?

Contractify is a contract management software designed to make e-signing, managing, and automating contracts online much simpler. It supports three different types of e-signatures and comes with a really easy-to-use drafting assistant, built-in approval workflows, automated follow-ups, and ways for teams to collaborate. A standout feature is Ada, an AI tool that helps with managing contracts after they’re signed. Ada can pull out key information from contract PDFs, making post-signing management a breeze.

Basically, Contractify smooths out the entire journey of a contract, from when it’s first created and negotiated, through signing, and all the way to ongoing management. It offers features like that user-friendly drafting assistant, automated workflows, and contract templates to really help automate the contract creation process. And remember Ada, the AI part? It’s there to help manage contracts after they’re signed by pulling out crucial details from PDFs.

For legal teams, Contractify is a real game-changer. They get a drafting assistant that’s super easy to use, customizable playbooks that automate legal drafting, and a huge library of contract templates to choose from. Finance teams will love Ada, the AI contract data analyst. Ada helps manage the financial aspects of contracts by pulling out critical data, like start and end dates, which is super handy.

Business leaders can also really benefit. Contractify helps them streamline how they handle contracts, boost their team’s productivity, make sure they’re staying compliant, and make smarter, data-driven decisions. They can do this by looking at contract timelines and performance insights that Ada provides.

Who created Contractify?

Steven Debrauwere and Herlinde De Buck founded Contractify back in 2015. This Belgian company, which specializes in SaaS, offers a solution for managing contracts. It officially launched on February 21, 2021. Contractify actually started by advising organizations on how to manage their contracts better, and that experience led them to develop user-friendly software with AI-driven contract automation. In 2024, Contractify joined the AXI Group, which has helped it grow its presence across Europe.

What is Contractify used for?

• Keeps track of different document versions all in one place.
• Provides a safe and secure environment for your contracts.
• Makes extracting data effortless.
• Handles follow-up tasks automatically.
• Gives you a clear view of your contract timelines.
• It’s available in several languages.
• Lets you sign contracts online quickly and securely.
• Supports creating, negotiating, digitizing, and e-signing contracts.
• Uses automated workflows to manage the entire contract lifecycle.
• Features a user-friendly drafting assistant powered by AI, especially helpful for legal teams.
• Helps with contract creation, negotiation, and digitization.
• Offers e-signing support for three types of electronic signatures.
• Includes capabilities for managing contracts after they’re signed.
• Extracts critical data directly from PDFs.
• Helps you generate clear contract timelines.
• Comes with a drafting assistant that’s easy to use.
• Offers customizable playbooks to automate processes.
• Includes an extensive library filled with contract templates.
• Ensures signing is secure and fast online.
• Streamlines approvals with automated workflows.

Who is Contractify for?

• Legal teams
• Finance teams
• Business leaders

How to use Contractify?

To get the most out of Contractify, here’s a simple guide:

1. Managing and Automating Contracts: Contractify really simplifies the whole contract process, from the moment you create one all the way through to managing it. It does this with features like a drafting assistant that’s easy to use and automated workflows.
2. Help for Legal Teams: Legal teams will find the drafting assistant particularly useful. It combines AI technology with the expertise of legal professionals, making it possible to automate legal drafting and encourage collaboration between different departments.
3. Benefits for Finance Teams: Finance teams can use Contractify to manage their contracts, review deal terms, ensure compliance, and keep track of financial obligations. Ada, the AI contract data analyst, is a big help here.
4. How Business Leaders Use It: Business leaders can streamline their contract practices, boost how productive their teams are, make sure contracts are compliant, and make smarter decisions based on data. Ada helps by generating clear contract timelines.
5. Creating and Negotiating Contracts: Contractify supports you through contract creation and negotiation. It offers a drafting assistant, AI technology, customizable playbooks, and ways for team members to collaborate.
6. Approval Workflows and E-Signing: Contractify provides efficient approval workflows and supports three types of electronic signatures (SES, AES, QES). It can also integrate with e-signature providers like DocuSign.
7. AI for Data Extraction: Ada, Contractify’s AI contract data analyst, is great at pulling out critical data from contract PDFs. It also automates follow-up tasks and helps create a clear contract timeline.
8. Team Collaboration: You can encourage collaboration by letting team members from different departments work together on drafting and approvals.
9. Using Contract Templates: Make your contract creation process faster by accessing an extensive library of standard business contract templates.
10. Secure Digital Signatures: You can be confident in the security of your legally binding digital signatures. Contractify uses three types of electronic signatures and integrates with trusted providers.
11. Why a Personalized Demo is Great: Getting a personalized demo lets you test Contractify with your own documents and explore its AI capabilities, like data extraction, to see how it can streamline your contract management.

By following these steps, you’ll be able to use Contractify effectively for managing contracts, automating processes, collaborating with your team, and handling secure e-signing.