Name: The Integrated CLM Tool: Summize Product Walkthrough
Uploaded: 2023-05-31T07:54:49.000Z
Duration: 2 min 56 s
Description: The Integrated CLM Tool: Summize Product Walkthrough

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Professional Services

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Multichannel Retail

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Certificate Lifecycle Management

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### Contract Lifecycle Management
Users consistently highlight Summize's contract lifecycle management capabilities as a key driver of efficiency within their organizations. The platform's ability to streamline contract processing, automate tasks, and provide real-time insights into contract contents has garnered positive feedback. While some users mention minor navigation issues and date format limitations, the overall sentiment leans towards the effectiveness of Summize in simplifying and accelerating the contract lifecycle. The continuous improvements and focus on customization and integration with existing tools like Teams, SharePoint, and Adobe Sign are noted as valuable features that enhance the contract management experience.

### Contract Review Processes
Users consistently highlight Summize's contract review processes as a key strength, emphasizing the platform's ability to expedite contract reviews, identify red flags efficiently, and enhance collaboration within legal teams and across departments. The intuitive interface and advanced OCR AI technology have significantly reduced review times, allowing legal professionals to focus on value-added tasks and provide enhanced services to clients. Additionally, the platform's Clause Manager feature is commended for its effectiveness in quickly retrieving relevant contract information, further streamlining the review process.

### Clause Analysis
Users appreciate Summize's clause analysis capabilities for their efficiency in identifying key contract areas and extracting relevant information swiftly. The platform's ability to streamline the review process and facilitate easy modifications to clauses has garnered positive feedback. Additionally, users find the integration of end dates into the calendar for notifications and reminders particularly useful. Summize's focus on continuous improvement and responsiveness to customer feedback during onboarding has been well-received, indicating a commitment to enhancing the clause analysis experience.

### Legal Compliance
Users consistently praise Summize's efficiency in streamlining contract review processes for legal teams. The sentiment regarding Summize's legal compliance capabilities is predominantly positive, with users highlighting the tool's ability to enhance the speed and accuracy of contract reviews. The integration with Teams and the level of customization offered by Summize have been particularly impressive to users across various business functions. Additionally, the OCR AI technology employed by Summize has been commended for its role in expediting contract review times and improving the overall efficiency of the contracting process. Users appreciate how Summize's summaries and reviews enable quick understanding of key contract terms, facilitating smoother communication with other departments and enhancing collaboration within the organization. Ultimately, Summize's legal compliance features have empowered legal consultants to focus on value-added tasks for clients, contributing to a more effective and productive workflow.

### Legal Team Efficiency
Users consistently highlight Summize's legal team efficiency as a standout feature, emphasizing the speed and accuracy with which the platform provides essential contract insights. The team's responsiveness and guidance further enhance the overall positive experience, showcasing a commitment to efficiency and support. Customers appreciate the tool's ability to swiftly surface pertinent information, enabling them to focus on critical contract details without unnecessary delays.

Summize simplifies the entire contract lifecycle, improving efficiency and reducing operational costs for businesses. By automating contract creation, tracking, and review processes, small teams are able to function seamlessly without compromising their service quality. Users of Summize have observed that the product's features significantly reduce the amount of time spent on contract review while ensuring that all critical clauses and dates are captured.

Further helping legal teams focus on value-add services, Summize provides analysis and summaries that allow for quick and clear understanding of contracts. Through its integration with SharePoint and Adobe Sign, users can work effortlessly within their existing workflows, without any need for additional training or resources. This not only saves time but also minimizes financial risks by reducing the likelihood of missing clauses or key terms. Overall, Summize has revolutionized the way legal teams operate by providing a technology-powered solution that streamlines contracts' lifecycle and eases operational pressure on small teams.

Improvement Commitment: Users have noted that Summize is constantly improving and responsive to customer requests and issues raised during onboarding. This commitment to a continuous improvement process has been praised by several reviewers.

Time-Saver Functionality: Reviewers appreciate the time-saving functionality of Summize, which allows them to quickly move through contract reviews, identify red flags, and set reminders for key dates. The automatic red flags feature and key date calendar were specifically highlighted as valuable tools.

Ease of Use: Summize's ease of adoption was noted as a major plus for minimizing onboarding time for this technology. Several users also found the Clause Manager and Clause Creator Manager features easy to use and appreciated how they allowed them to quickly pull out relevant information from contracts.

Difficult Build Process: Some users found Summize's build process for identifying clauses, contracts, and playbooks to be time-consuming and challenging. This can be particularly difficult for small companies with limited staff resources.

Clunky Navigation: The navigation in Summize was reported by some reviewers as being a little clunky, which can make it harder to use the tool efficiently.

Export Functionality Needs Refinement: A few users have suggested that the export functionality in Summize could benefit from further refinement to facilitate moving review results to other systems.

PandaDoc headquartered in San Francisco offers their eponymous electronic signature platform for sales teams, containing sales proposal automation and CPQ (configure, price, quote) features, and integration with CRMs.

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Summize

Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

Contract Management

The AI Assistant under Summize AI, that helps users to draft, query, summarise, and compare clauses to what's in the predesigned Playbooks.

Contract Review within Word. Legal can review contracts within their favourite editing tool. With the Word for the Web integration, this process remains within Summize, reducing time spent in shifting from one application to the next.

a Summize Integration; integrations with Slack, Teams, Salesforce and Jira allows commercial users to request for contracts more quickly and easily.

the analytics that provide insight to support informed decisions.

a secure and safe repository for contracts, with reminders via the Calendar Sync functionality that keep users up to date with contract renewal and termination dates.

The Integrated CLM Tool: Summize Product Walkthrough

Ever wondered what Summize’s integrated CLM looks like? 

Watch this 3-minute product walkthrough to get a closer look at the end-to-end Contract Lifecycle Management (CLM) application in Summize and how our approach to CLM keeps your contracts moving throughout your business within your existing tools.

Contract Authoring

Features related to the contract authoring process.

Contract creation

Includes a document generator and tools for creating new contracts.

Contract templates

Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.

Clause library/saved fields

Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

Integration to CPQ

Integrates to CPQ software so that calculated quotes/configuration details can feed into contracts. This is an important element of automation in the contract authoring process.

PDF generator

Users can generate PDFs of contract documents.

Contract attachments

Users can attach other documents, like invoices, images, meeting minutes, memos, etc, to contracts.

Guided logic

Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.

Contract Collaboration

Features related to collaborating on contracts.

Contract sharing

Users can easily and securely share contracts with internal users and external users. Contracts are accessible.

Contract editing

Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

Contract merge

Multiple versions of a contract can be merged.

Collaborating on contracts

Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.

MS Word plug-in

Users can make changes to contract language using Microsoft Word.

Approval process

Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.

Parallel approvals

Users can set up complex workflows to handle parallel approvals.

Interdepartmental workflows

Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.

Contract Monitoring

Features that enable users to monitor the status of contracts.

Contract database

Contracts are stored and organized in a central repository.

VORs

Allows users to send/receive variation order requests and coordinate these with contracts.

Contract search

Users can easily look up contracts within the database.

Contract milestone reminders & alerts

Users can schedule reminders and/or trigger alerts according to contract milestones.

Custom contract reports

Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

Tracking contract status

Users can track the status of a contract as it moves through the approval process and beyond.

Salesforce integration

Integrates to Salesforce so that contracts are tied to contact’s CRM records.

Compliance check

Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.

Tools and features to aid in contract management and formation.

Contract Storage

Centralized storage and management of all contracts in one place.

Document Management

Ability to upload, organize, and track changes to contract documents.

Advanced Search and Filtering

Efficient search functionality and advanced filters to quickly locate specific contracts or clause language.

Version Controls

Ability to track and manage different versions of contracts, including changes made and the history of revisions.

Customizable Contract Templates

Pre-defined templates that can be customized for different types of contracts.

Workflow Acceleration

Streamline the contract approval process by automating workflows and notifications.

E-Signatures

Capability to electronically verify user signatures, eliminating the need for physical signatures and enhancing efficiency.

Reminders and Alerts

Automated alerts and reminders for important contract dates, deadlines, and milestones.

Summize

Overview

What is Summize?