PACTA

PACTA is a Contract Lifecycle Management solution offered by BLOCKAXS GmbH. According to the vendor, PACTA aims to optimize the entire lifecycle of documents and contracts, making it suitable for small to large enterprises. The platform caters to various professions and industries, including legal, procurement, sales, human resources, real estate, construction, funds and capital markets, banks and financial services, venture capital firms, and startups.

Key Features

Forms: According to the vendor, PACTA offers collaborative features for creating, checking, negotiating, digitally signing, analyzing, and sharing documents across organizations. The platform aims to optimize the entire lifecycle of documents and contracts.

Risk Analyser: PACTA provides automated contract review workflows and a legal hub for reviewing incoming documents. The vendor states that the system can identify deviations from set standards.

Cloud & Collaboration Room: PACTA includes an AI-driven document management system for organizing documents. The platform also offers a collaboration room for internal coordination and negotiation of legal documents.

Approvals & Signatures: According to the vendor, PACTA enables combined approval-signature workflows for secure and efficient contract closure. The platform also supports paperless signing of documents with automated reminders.

Analytics: PACTA aims to extract and organize metadata and deadlines from contracts, providing clear presentation and filtering of contract data.

Clause Database: According to the vendor, PACTA offers a clause database for collecting, organizing, and comparing legal text blocks. The platform also automates the updating and streamlining of clauses.

Themis Artificial Intelligence: PACTA incorporates Themis Artificial Intelligence to simulate the legal thought process during contract review. The vendor claims that the AI can extract metadata and contract parameters, as well as calculate deadlines.

Encryption: PACTA ensures data and communication security through encryption from entry. According to the vendor, the platform uses TLS/SSL encryption for data transmission.

Two-factor authentication: PACTA offers two-factor authentication for enhanced identity protection. According to the vendor, this feature requires an additional authentication code and the use of two different devices for logging in.