Concord

What is Concord?

Concord is an all-in-one, AI-native Contract Management Software designed to streamline and automate the entire contract lifecycle. It provides a centralized, web-based platform where businesses can manage every agreement from initial intake to final renewal. Engineered for the post-legal world, Concord empowers business teams to handle routine contracts efficiently while allowing legal departments to focus on high-impact strategic issues. The platform combines powerful features like unlimited e-signatures, automated approval workflows, and a secure document repository with advanced AI capabilities to accelerate reviews, extract key data, and provide proactive alerts.

Why Choose Concord?

• Empower Business Teams: Concord's self-serve intake and legal-approved templates allow teams like Sales, HR, and Procurement to create compliant contracts on demand, reducing dependence on the legal department for standard agreements.
• Free Up Legal Resources: By automating routine tasks and handling a majority of contract workflows, the platform enables legal professionals to dedicate their expertise to more complex and strategic matters.
• Unified Collaboration: It eliminates the need for endless email chains and disparate document versions by providing a single environment for redlining, commenting, version control, and e-signatures.
• AI-Driven Intelligence: The platform's AI engine proactively analyzes contracts, highlights risks and obligations, and generates executive-ready reports, turning static documents into actionable business intelligence.

Advanced Features of Concord

• Accelerated Review with AI: The platform's AI Copilot can read and understand contract language, explain key risks and obligations in plain terms, and suggest edits to ensure compliance and protect your interests.
• Proactive Alerts & Reporting: AI automatically tracks critical deadlines, renewal dates, and other key milestones, sending timely alerts to relevant stakeholders. It can also build customized, executive-level reports in minutes.
• Self-Serve Intake: Business users can initiate new contracts through simple intake forms. These forms guide them through a questionnaire that automatically populates a legal-approved template, ensuring consistency and compliance from the start.
• Seamless Integrations: Concord connects with your existing technology stack, including popular tools like Salesforce, HubSpot, Slack, Google Drive, and Dropbox, creating a fully integrated and automated workflow. An open API is also available for custom connections.
• No-Hassle Collaboration: The platform features built-in redlining, track changes, version control, and live editing capabilities. All parties can negotiate and comment directly within the document, providing a complete audit trail of all changes.
• Unlimited E-Signatures: Concord offers legally binding, unlimited e-signatures at no extra cost, allowing you to execute agreements quickly and securely from anywhere.

Key Capabilities of Concord

• Contract Creation & Templates: Build a library of pre-approved templates and clauses to standardize contract creation and ensure compliance across the organization.
• Approval Workflows: Design and automate multi-step approval workflows to ensure contracts are reviewed and signed by the right people in the correct order.
• Centralized Repository: Store all contracts in a single, secure, and searchable repository with unlimited storage. AI-powered data extraction makes it easy to find key terms and clauses across all documents.
• Amendment Management: Easily create and manage contract amendments, ensuring a clear and connected history between the original agreement and all subsequent changes.
• Custom Roles & Permissions: Control user access with custom roles and team-based permissions, ensuring that sensitive information is only visible to authorized individuals.

How to Use Concord?

1. Initiate: A user from any department initiates a contract request using a self-serve intake form or by selecting a pre-approved template.
2. Collaborate: All stakeholders, both internal and external, are invited to the document to negotiate terms, leave comments, and make edits in real-time.
3. Approve: The contract is automatically routed through a pre-defined approval workflow, notifying each approver when it's their turn to review.
4. Execute: Once approved, the document is sent for e-signature to all required signatories directly within the platform.
5. Manage & Analyze: The fully executed contract is stored in the central repository. Concord's AI then tracks key dates and obligations, providing alerts and data for reports.

Concord Pricing

Concord price starts from USD 499/month (billed annually) at techjockey.com.

The pricing model is based on different parameters, including extra features, deployment type, and the total number of users. For further queries related to the product, you can contact our product team and learn more about the pricing and offers.