Concord
UnclaimedContract management you don't have to manage, powered by AI for effortless legal operations.
Visit WebsiteWhat is Concord?
Concord (contract management): Contract management you don't have to manage, powered by AI for effortless legal operations. Concord is an AI-native contract management platform designed to streamline the entire contract lifecycle, from intake to renewal. It aims to reduce the burden on legal teams by automating routine tasks and providing AI-powered insights, allowing legal professionals to focus on more complex issues. Key capabilities: AI Copilot and extraction, Unlimited e-signatures, Proactive alerts and reporting, Accelerated review with AI (risk and obligation explanation, edit suggestions), Seamless integrations (Salesforce, Slack, Google Drive, Box, Dropbox, Zapier). Concord is paid-only, with most plans including a trial period.
TL;DR - Concord
- AI-powered contract management from intake to renewal.
- Automates contract processes, alerts, and risk analysis to free up legal teams.
- Facilitates collaboration, compliance, and integration with existing business tools.
Pricing: Paid only
Best for: Enterprises & pros
4.4/5 across review platforms
Pros & Cons
Pros
- Significantly reduces manual effort for legal teams through AI automation.
- Streamlines contract creation, review, and approval processes.
- Enhances compliance with comprehensive audit trails and version control.
- Integrates with popular business tools for a connected ecosystem.
- Offers legally binding e-signature at no additional cost.
Cons
- Starting price of $499/month may be high for very small businesses.
- Some integrations (e.g., Slack) are in beta for certain plans.
Ratings Across the Web
4.4(368 reviews)
Ratings aggregated from independent review platforms. Learn more
Preview
Key Features
AI Copilot and extractionUnlimited e-signaturesProactive alerts and reportingAccelerated review with AI (risk and obligation explanation, edit suggestions)Seamless integrations (Salesforce, Slack, Google Drive, Box, Dropbox, Zapier)Self-serve intake with legal-approved templatesNo-hassle collaboration (redlining, version control, comments)Intake forms and approval workflows
Pricing Plans
Essentials
$499/per month (paid annually)
- Includes 5 users
- Additional users $49/mo
- AI Copilot and extraction
- Unlimited e‑signatures
- Unlimited documents
- Unlimited free viewers and guests
- Collaboration and negotiation tools
- Deadline reminders
- Amendment management
Business
$899/per month (paid annually)
- Includes 5 users
- Additional users $69/mo
- Everything included in the Essentials plan, plus
- Intake forms
- Approval workflows
- Custom roles
- Custom teams
- Customized reports
- Integrations with Salesforce, HubSpot, Google Drive, Box, Dropbox and Zapier
- Slack integration (beta)
Enterprise
$1299/per month (paid annually)
- Includes 5 users
- Additional users $89/mo
- Volume discounts available.
- Everything included in the Business plan, plus
- Clause library
- Subsidiary management
- Bulk send
- Open API
- Custom branding
About Concord
By Toolradar Team·
Concord is an AI-native contract management platform designed to streamline the entire contract lifecycle, from intake to renewal. It aims to reduce the burden on legal teams by automating routine tasks and providing AI-powered insights, allowing legal professionals to focus on more complex issues. The platform supports various teams across an organization, including legal, procurement, finance, sales, HR, operations, and IT, by providing tools for self-serve contract creation, accelerated review, and seamless collaboration.
The platform offers features like proactive alerts, AI-driven risk analysis, and integrations with existing tech stacks (e.g., Salesforce, Slack). It emphasizes compliance through comprehensive audit trails, version control, and built-in e-signature capabilities. Concord helps businesses standardize contracts, manage clauses, and automate approval workflows, ultimately aiming to improve efficiency and reduce bottlenecks in contract processes.
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Concord FAQ
How does Concord's AI assist in contract review and reporting?
Concord's AI automatically alerts users about deadlines and generates executive-ready reports quickly. It also understands contract content, explains key risks and obligations, and suggests edits to accelerate the review process.
What integrations are available with Concord?
Concord integrates with various platforms including Salesforce, HubSpot, Google Drive, Box, Dropbox, and Zapier. A Slack integration is also available in beta.
How does Concord facilitate collaboration on contracts?
Concord eliminates the need for email back-and-forth by providing built-in features for redlining, version control, comments, and e-signature. This streamlines the internal and external editing and negotiation process.
What security measures does Concord implement for contract data?
Concord protects all data with bank-level encryption. The platform undergoes regular audits to ensure compliance with international regulations such as eSIGN, UETA, and GDPR.
Can business teams create their own contracts using Concord?
Yes, Concord offers a self-serve intake feature that allows business teams to create compliant contracts on demand. This is achieved using legal-approved templates, empowering teams while maintaining legal oversight.
What is the primary differentiator of Concord's AI-native platform, Horizon, compared to traditional CLM tools?
Concord's Horizon platform is built for a 'post-legal world' where AI handles routine contract tasks, allowing legal teams to focus on higher-value issues. This contrasts with older CLM tools that primarily served as basic repositories or cloud-based solutions.
Source: concordnow.com