Company Information
HQ
London, United Kingdom
Founded
2012
Market
Contract Lifecycle Management
Solution
Contract Management
Representative
Customers
Benjamin Moore, Aesop, Philips, Technicolor, Liberty Media LatAm, Inmarsat, Cigna, Ferrero
Ideal Customer
Profile
Established organizations in revenues above $500M, mostly on the buy-side for Procure-to-Pay (P2P) contract automation, indirect and direct procurement, predominantly in North America, UK, and EU, with primary use by the legal professionals within an Office of General Counsel, procurement, sales and contract administrators.
Company Size
This solution is an ideal fit for midmarket organizations and larger enterprises ($500 million – $2 billion).
Business Model
Technology Ecosystem(s)
ContractPodAi is native to Microsoft.
Primary Users
Business
IT
Sales
Procurement
HR
Legal
Legal, Legal Ops, GC, IT, Procurement, and Sales are the primary users of this solution.
Investment Level
While the product is far from the cheapest solution on the market, customers frequently cite great value for money.
Agility
ContractPodAi is a medium agility solution that meets the industry average in terms of implementation time.
Complexity
ContractPodAi handles moderate levels of complexity and has advanced AI feature offerings.
Geographies
North America
Latin America
EU
ME
Africa
Japan
Asia
Australia /NZ
The majority of customers today are in North America and the UK, with an expanding presence in APAC.
Orientation of CLM
GC
Legal Ops
Buy Side
Sell Side
Enterprise
This solution is aimed at general counsel, legal ops, enterprise-wide, with buy-side, sell-side, and legal applications.
Top 3 Verticals
Health Care
Healthcare, pharmaceuticals, and life sciences companies will find a good fit with ContractPodAi.
Financial Services
ContractPodAi serves companies in the Financial Services market.
Information Technology
Tech and software companies will also find a fit with ContractPodAi.
Analyst Notes
Founded in 2012 and originally launched in 2015 as a managed services company focusing on contract management, ContractPodAi has since evolved into a formidable CLM player. The company serves approximately 300 midmarket and early enterprise customers, predominantly in North America and the UK, across industries such as financial services, insurance, manufacturing, healthcare, and IT.
The company’s AI system-agnostic approach allows flexibility in utilizing various AI services based on performance. Much of the company’s AI technology was originally rooted in a partnership with IBM’s Watson lab but has since evolved towards newer AI platform options. The company also introduced Leah, an AI powered Legal Assistant, in 2023. The company’s partnerships with implementation, selling, and managed legal services providers like PwC are a core strength.
