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What is Ultria CLM?

Ultria CLM is an efficient, automated solution designed to manage contracts throughout their entire lifecycle, from initial creation to final execution and beyond. This all-encompassing system guarantees that various departments, such as procurement, sales, finance, and legal, can access a cohesive view of each contract, thereby improving contract utilization significantly. By facilitating large-scale management, Ultria CLM effectively reduces turnaround times, consolidates contract storage, minimizes risks, and boosts the overall return on contract assets. Many companies encounter challenges in managing their numerous contracts and related executions, which is where Ultria’s enterprise contract management software proves to be essential, as it centralizes storage, tracks compliance on multiple fronts, and speeds up contract processing. Additionally, Ultria CLM promotes a cooperative approach to contract management by bringing together departments like Sales, Legal, Procurement, and HR onto one platform, while also providing seamless integration with existing enterprise systems. This comprehensive strategy not only streamlines the contract process but also significantly improves communication and operational efficiency among all participating teams, ultimately leading to better decision-making and more strategic outcomes. As organizations increasingly prioritize integrated solutions, Ultria CLM positions itself as a key player in facilitating smoother contract management across diverse business functions.

What is ContractAI?

ContractAI utilizes advanced artificial intelligence to transform the contract management arena, significantly improving the ways in which contracts are analyzed, created, and negotiated. By automatically evaluating past contracts, it produces templates that incorporate terms beneficial to both parties. Its Analyzer tool leverages AI to define negotiation parameters, evaluate legal and compliance implications, identify intent behind obligations, and set acceptable limits, enabling users to make well-informed decisions in their contracting processes. Furthermore, ContractAI simplifies the traditionally cumbersome redlining phase by offering suppliers thoughtfully selected clause alternatives that promote win-win outcomes. This forward-thinking platform empowers businesses to refine negotiation terms grounded in historical data, effectively reducing the risks linked to unfavorable agreements. In addition, vendors can easily choose viable alternative terms, which leads to a significant reduction in legal and procedural costs associated with contracting while benefiting from an AI-based scoring system that enhances efficiency. This streamlined methodology not only improves individual negotiations but also cultivates a more cooperative atmosphere between all involved parties, ultimately boosting the overall success of contract management strategies. As such, ContractAI is paving the way for a future where contract processes are faster, more transparent, and more beneficial for everyone involved.

Media

Media

Integrations Supported

Microsoft PowerPoint
Microsoft Word
SAP Store

Integrations Supported

Microsoft PowerPoint
Microsoft Word
SAP Store

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Ultria

Date Founded

2012

Company Location

United States

Company Website

ultria.com/products/contract-lifecycle-management-software-clm-old

Company Facts

Organization Name

App Orchid

Date Founded

2013

Company Location

United States

Company Website

contractai.apporchid.com

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

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