This MGI 360 Rating™ is designed to help buyers, suppliers, and investors assess the product functionality, management teams, channel breadth, marketing strategy, and financial positioning of ContractPodAi’s CLM tool.
ContractPodAi attains an MGI 360 Rating of 49 and a Neutral analyst outlook in Contract Lifecycle Management (CLM). ContractPodAi focuses on automating contract management authoring and review workflows within the office of the general counsel. It offers contract intelligence and robust features to automate the extraction of data from legacy and third-party contracts, as well as contract obligations.
Who is ContractPodAi?
The ContractPodAi approach to automating CLM relies heavily on leveraging AI-based features to mechanize all aspects of contract management – from authorship to review and daily workflow. Its current focus on AI technology is rooted in partnerships with Google AI and OpenAI. Founded in 2012 in the UK, the company raised $170M through Series C rounds of venture funding from firms such as Insight Partners and Softbank. The company is commercially active in North America and Europe. The firm has a headcount of just under 300 spread across locations in the UK, India, and North America. Within MGI Research’s 6-Stage CLM model, ContractPodAi can support functions up to Stage 5. Company has built up its own direct sales channel, handles its own 90-day implementations and partners with global systems integrators such as PwC.
What is Contract Management?
Contract Lifecycle Management (CLM) is the process of strategically managing and leveraging the entire lifespan of legally binding agreements between two or more parties within a business context. CLM tools are evolving rapidly. Not long ago, CLM software described a relatively simple system for document management and e-signature. Today, mature CLM solutions employ AI/ML data capture capabilities to turn the contract management process into an intelligent, real-time system of record. For more about the evolution of CLM software, read The Six Stages of CLM Maturity.
What Are MGI 360 Ratings?
MGI 360 Ratings™ are a comprehensive structured system for evaluating technology companies. The MGI 360 scores reflect analyst opinions based on a scale of 0 to 100, combined with an analyst outlook (Positive, Negative, or Neutral). The 360 Rating system is comprised of 149 unique data points across five pillars:
- PRODUCT: How strong is the product’s competitive position?
- MANAGEMENT: How competent and experienced is the management team?
- CHANNELS: Does the company have a sales capability and channels needed to bring products to market?
- STRATEGY: Does the company have a realistic view of the opportunity and a compelling strategy for success?
- FINANCE: Is the company growing and profitable?
360 Ratings in Contract Lifecycle Management condense hours of research and customer references into simple, easy to understand ratings and recommendations to clearly demonstrate strengths, weaknesses, and differences among CLM software vendors. All 360 Ratings in Contract Lifecycle Management (CLM) are available in the CLM Top 35 Buyer’s Guide.
Get the report to find out how ContractPodAi scores relative to peer averages in the CLM market:
