Cequence, a Europe-based contract lifecycle management platform, streamlines workflows and eliminates human error by automating manual tasks in contract management. From small to global players, their clients report staggering results: 50 % faster contract execution, 62 % higher compliance, and a 34 % team productivity increase. All hand-in-hand with the latest technology available - AI, ML, and Natural Language Processing. With clear focus on Procurement teams, they bring a consumer-like experience into the world of robust enterprise-grade tools. For our mid-size clients, this means easy implementation and the flexibility to scale as they grow.
CEQUENCE is improving process and workflow automation, providing document creation, versioning and retention via intelligent clause library and unique repository, increasing revenue and contract governance while decreasing the contract turnaround time and associated costs.
In an era where digital transformation is key, many organizations still rely on paper-based contracts or, in better case, scanned copies. Imagine your team reclaiming countless hours previously spent searching through documents, manually transcribing data into spreadsheets, and meticulously tracking commitments and critical dates. Efficient companies have 33 % lower contracting costs than average ones. How efficient is your contract lifecycle management?
● Professionals spend an average of 45 minutes searching for a contract, and then another 85 minutes searching for information within the contract.*1
● A Fortune 1000 company manages at least 20,000 or more active contracts at any given time.
● Up to 71 % of organizations are unable to physically locate approximately every tenth contract.*2
● Bad contract management can cost the company up to 9% of revenue a year.*3
*1. Corporate Legal Operations Consortium (CLOC) & DocuSign.
*2. The Journal of Contract Management.
*3. World CC - Poor Contract Management Costs Companies 9% - Bottom Line.
Navigate complex contracts effortlessly with our AI-powered summaries. Just like using Chat GPT to distill the essence of lengthy emails or detailed articles, we specialize in reading and summarizing intricate contracts. Receive a concise, easily digestible summary that captures the key points of your lengthy contracts. Save time and gain clarity without the hassle of sifting through pages of legal jargon.
Leverage the power of our cutting-edge Natural Language Processing (NLP) and Machine Learning (ML) technologies. We extract metadata from contracts – including dates, prices, supplier info, important deadlines and obligations you don’t want to miss, and even specific contractual penalties. Virtually any data you need, we can extract. You have the control to define the exact metadata we pull from your contracts, tailoring the database to your unique needs.
We've meticulously crafted our intuitive search feature to be a significant time-saver for your team. Picture the simplicity and efficiency of a Google-like search experience, now custom-fitted for your contract library. Using keywords and phrases, our search engine ensures that the right contract is always at your fingertips, just when you need it.
Imagine you got a colleague who have a Eidetic memory and has read every single contract there is. How much time a day would such colleagues save you? Our Q&A Chat bot is not just a digital tool; it's a repository of knowledge, having 'read' and 'remembered' every word in every contract you have. Always ready and eager to assist, it is your go-to source for quick, accurate answers. No query is too complex, no detail too minute.
Thanks to Cequence solution, your team can rely on transparency, accountability, and above all, seamless collaboration within contractual processes. By implementing the Cequence solution, you will close contracts faster, reduce costs by eliminating manual tasks, increase compliance with internal and external regulations, and improve communication between involved parties.
Streamline workflows and automate manual tasks throughout the contract lifecycle in a systematic, rule-based environment. Less errors, faster task completion, better output quality, and more transparency for the team leader overseeing the process.
Get notified on any crucial milestone, track compliance, and analyze performance with advanced reporting & AI-powered analytics. Timely contract renewal/termination, leveraging contractual discounts & penalties.
Maintain all resources & communication in a single place, easily accessible to all stakeholders. Find the contract, its history, discussions and audit trail in seconds. Stop jumping between meetings, documents, chat conversations and emails.
