Contractify

What is Contractify?

Contractify is a contract management software designed to simplify e-signing, management, and automation processes for contracts online. It supports three types of e-signatures and features a user-friendly drafting assistant, approval workflows, automated follow-ups, and collaboration capabilities. One of its key components is Ada, an AI-based tool that assists in post-signing contract management by extracting critical data from contract PDFs.

Contractify streamlines the entire contract lifecycle from creation and negotiation to signing and management. It provides features like a user-friendly drafting assistant, automated workflows, and contract templates to facilitate automation in the contract creation process. Ada, the AI component, helps manage contracts post-signing by extracting crucial information from PDFs.

For legal teams, Contractify offers a user-friendly drafting assistant, customizable playbooks for legal drafting automation, and an extensive library of contract templates. Finance teams can benefit from the AI contract data analyst, Ada, which assists in managing financial elements of contracts by extracting critical data such as start and termination dates.

Business leaders can leverage Contractify to streamline contract practices, enhance team productivity, ensure contract compliance, and make strategic, data-driven decisions based on contract timelines and performance insights generated by Ada.

Who created Contractify?

Contractify was founded by Steven Debrauwere and Herlinde De Buck in 2015. The Belgian SaaS company offers a contract management solution and was launched on February 21, 2021. Contractify grew from advising organizations on contract management to developing user-friendly and AI-driven contract automation software. In 2024, Contractify became part of the AXI Group, expanding its presence across Europe.

What is Contractify used for?

• Integrated document versioning
• Safe and secure environment
• Effortless data extraction
• Automated follow-up tasks
• Clear contract timeline
• Available in multiple languages
• Swift and secure contract signing online
• Supports contract creation, negotiation, digitization, and e-signing
• Automated workflows for contract lifecycle management
• User-friendly drafting assistant with AI technology for legal teams
• Contract creation, negotiation, and digitization
• E-signing support with three types of electronic signatures
• Post-signing management capabilities
• Critical data extraction from PDFs
• Generate contract timelines
• User-friendly drafting assistant
• Customizable playbooks for automation
• Extensive library of contract templates
• Secure and fast online signing
• Streamline approval with automated workflows

Who is Contractify for?

• Legal teams
• Finance teams
• Business leaders

How to use Contractify?

To use Contractify effectively, follow these steps:

1. Contract Management and Automation:

   • Contractify streamlines the entire contract lifecycle, from creation to management, with features like a user-friendly drafting assistant and automated workflows.

2. Features for Legal Teams:

   • Legal teams benefit from a drafting assistant combining AI technology and user expertise, enabling automated legal drafting and collaboration across departments.

3. Benefits for Finance Teams:

   • Finance teams can manage contracts, review deal terms, enforce compliance, and track financial obligations with Contractify's AI contract data analyst, Ada.

4. Utilization by Business Leaders:

   • Business leaders can streamline practices, enhance team productivity, ensure compliance, make strategic decisions, and view contract timelines generated by Ada.

5. Creation and Negotiation:

   • Contractify supports contract creation and negotiation through a drafting assistant, AI technology, customizable playbooks, and collaboration among team members.

6. Approval Workflows and E-Signing Support:

   • Contractify provides efficient approval workflows and supports three types of electronic signatures (SES, AES, QES) with integration into e-signature providers like DocuSign.

7. AI Data Extraction:

   • Ada, Contractify's AI contract data analyst, extracts critical data from contract PDFs, automates follow-up tasks, and provides a clear contract timeline.

8. Collaboration with Team Members:

   • Promote collaboration by allowing team members from various departments to work together on drafting and approvals.

9. Contract Templates:

   • Access an extensive library of standard business contract templates to expedite the contract creation process.

10. Digital Signature Security:

    • Ensure security with legally binding digital signatures using three types of electronic signatures and integration with trusted providers.

11. Personalized Demo Benefits:

    • A personalized demo allows testing with real documents and exploring AI capabilities like data extraction to streamline contract management.

By following these steps, you can effectively utilize Contractify for contract management, automation, collaboration, and secure e-signing processes.