New Partnership of Sourcing Champions and SimpliContract transforms CLM into a strategic advantage
@Sourcing Champions is excited to announce its new partnership with @SimpliContract, the next generation, AI-powered and SaaS-based contract life-cycle management (CLM) platform provider.
This partnership is yet another important step in our digitalization roadmap to upgrade the sourcing strategy-to-contract (S2C) space.
We are proud to be the leading @SimpliContract consultancy partner in Europe. Through SimpliContract we transform CLM from a time-consuming and paper-filled activity to a high-impact solution with a competitive edge.
SimpliContract offers natural language processing (NLP), optical character recognition (OCR) and artificial intelligence (AI). They not only manage contracts internally, but also integrate external legal information to your contract formations.
Together we take CLM to the next level. We not only help our clients implement, integrate and navigate the CLM software tool, we also provide related consulting services. Our experts collaborate with your procurement, legal and sales department to enhance the complete CLM operating model from pre-signature to post-signature SLA (Service Level Agreement) execution.
We help execute each step of contract formations and our clients benefit from the following:
- Sign Contracts Faster
- Detect Risks Instantly
- Meet Contractual Obligations
- Digitize Legacy Contracts
- Measure Performance
CLM has turned into a high priority investment as its market is predicted to grow from $1.5 billion today to $5.2 billion by 2027. Contract lifecycle management is a fast-growing business concept that improves compliance and efficiency while reducing risk.
SimpliContract, founded in early 2020, already supports over 6,000 enterprise users and manages more than 50,000 contracts worth over $ 4 billion in value.
Additionally, SimpliContract has currently raised $ 1.8 million in seed funding led by Kalaari Capital with participation from Picus Capital, Arka Venture Labs and Sparrow Capital.
AI-powered CLM platforms are the future of contract life-cycle management.
Curious to know more about this partnership and our contract life-cycle management solution?
Contact us!
