Weagree Wizard

The Weagree Wizard is contract automation and contract lifecycle management software developed by Weagree B.V. According to the vendor, this software is designed to streamline the process of creating, managing, and analyzing contracts. It is targeted at small to large enterprises and caters to a range of professionals and industries, including legal professionals, contract managers, in-house counsels, procurement professionals, and compliance officers. The software is used in various sectors such as financial services, technology, healthcare, manufacturing, and professional services.

Key Features

Clause library integrated: According to the vendor, the Weagree Wizard offers a central, searchable clause library that provides reusable contract building blocks. Users can easily tailor mark-up clauses in contracts received from the other party, minimizing the need for contract maintenance.

DMS - Transaction Management: The Weagree Wizard includes a document management system that allows users to organize and manage pending contracts. The vendor claims that users can effortlessly upload and access contract-related files, versions, and schedules. The system also facilitates the management of contract versions and comparisons with just two clicks. Integration with project-dedicated tasks Kanban is also available, which assists in managing large transactions.

Visual Contract Data and Contracting Dashboards: The Weagree Wizard offers contract data visualizations and reporting dashboards, providing users with valuable insights for decision-making. According to the vendor, these visualizations ensure full transparency of legal policies and decisions, increasing trust and confidence. The software also aims to improve productivity and revenue-driven orientation through automated reporting.

Automated AI Contract Review: According to the vendor, the Weagree Wizard integrates automated AI contract analysis technology. This integration allows users to analyze hundreds or thousands of contracts for review. The software also claims to make implementation and maintenance of AI contract review capabilities easy.

Contract Lifecycle Management (CLM): The Weagree Wizard provides a user-friendly enterprise-grade contract lifecycle management system. It includes a comprehensive contract repository for easy access to all signed contracts and related files. The software also offers contract deadline notifications and configurable alerts. Integration with legal entity management allows for streamlined corporate housekeeping and org-charts. Users can also monitor obligations and prevent unwanted contract extensions.

Data retention: The Weagree Wizard automatically enforces data retention periods. According to the vendor, users can define granular retention periods for different types of data. The software also includes automated removal of user names from draft contracts after a certain period, enhancing data privacy.

Data integrity: The Weagree Wizard protects against inadvertent or fraudulent deletion of contract data. According to the vendor, the software logs user activity to ensure data integrity assurance. Additionally, the system allows for the recoverability of deleted data from the admin recycle bin.

Information classification: The Weagree Wizard allows users to mark contracts as confidential or sensitive, controlling access to these contracts. According to the vendor, authorized users can view contracts marked as confidential, ensuring data security.

Data access rights: The Weagree Wizard offers user groups functionality for managing access rights. The software includes enterprise-grade user management for defining user roles and profiles. According to the vendor, access rights can be managed through Azure AD integration, providing control over external access to contracts and contract data.

API integration and contracting: The Weagree Wizard provides extensive API integration capabilities for contract management and automation. Users can seamlessly integrate the software with CRM or ERP systems for data import, sync, or export. The system also allows for document delivery into other applications or storage. According to the vendor, API integrations can be easily configured within the application.