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Exari Drives Contract Management Across the Enterprise

Exari dramatically increases enterprise functionality to reduce reliance on external legal services, improve risk management and streamline enterprise processes

October 23, 2018

Boston, MA – October 23, 2018 – Exari, the leading provider of enterprise contract management software, today announced the newest release of its flagship platform, Exari Contracts™. Exari is the only company to provide a complete end-to-end solution that reduces cost and risk while accelerating the contracting process, extending the reach of the legal function enterprise-wide.

The world’s largest companies face significant challenges with the scale and complexity of automating their contract management processes. Too often, companies struggle with their legal team’s need for contracting controls and their operations team need for speed and flexibility. As a result, many firms rely on outdated, manual processes and external spend on law firms and legal process outsourcers (LPO’s). This tension leads to a breakdown in process, exposing their organizations to increasing costs and unnecessary risk.

With this announcement, Exari enables companies to take complete control of the enterprise contract management process. The latest release leverages leading-edge neural network technology to classify contracts and extract their key data. These capabilities give enterprises complete control over the process, management and analytics for all their contracts, dramatically improving the effectiveness of the legal department.

With Exari Contracts, companies can:

  • Actively track the status of every contract across the entire enterprise
  • Ensure all contract terms are kept up to date by mass amending thousands of contracts at once.
  • Maintain the vital details of every contract, regardless of origin, for every department, geography and counterparty.

“Exari has been built from the ground-up to be scalable for the largest enterprise,” said Jamie Wodetzki, co-founder and Chief Product Officer at Exari. “We’ve taken great effort so that legal teams will get the control they need to manage risk and operations teams the speed they want to win in the market.”

Exari Version 7.5 is available immediately.

About Exari

Exari delivers the most complete Enterprise Contract Lifecycle Management platform, used every day by market-leading companies to understand all aspects of their contract ecosystem worldwide. With Exari, customers can reduce contract risk and improve operating efficiency with 100% Contract Certainty™. Learn more at www.Exari.com.