Contractify
Contractify is a contract management software that simplifies the process of e-signing, managing, and automating contracts online. It enabl...
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What is Contractify?
Contractify is Europe's leading AI-driven contract management software that helps organizations find, sign, and follow up on contracts like legal, finance, and purchase professionals. The platform centralizes all contracts in a secure cloud-based repository, making them safe and visible across the organization. It is designed for small businesses, medium-sized enterprises, and large corporations looking to minimize contract risks, reduce administrative workload, and improve cross-department collaboration.
Key features include ADA (Artificial Intelligence contract data analyst) that analyzes and digitizes contracts in under 1 minute, reducing administrative tasks by 50%. The platform offers automated contract tasks and notifications to never miss deadlines, e-signature integration with DocuSign and Connective for legally binding digital signatures, dynamic contract library with full-text OCR search, custom approval flows, contract summaries, dashboarding & reporting, and bulk document upload. It supports contracts in any language and provides automated follow-up tasks assigned to the right parties.
Contractify is ideal for legal teams, finance departments, purchase professionals, and management assistants who need to manage contract lifecycles from drafting to renewal. Over 130 leading companies and 3,000+ users worldwide trust Contractify. The platform gets users started in under 2 weeks without IT involvement, making it accessible even without prior contract management knowledge.
Contractify pricing
Pricing model: Freemium
Contractify offers trial/premium subscription plans with no free tier. A free trial is available without credit card required. Pricing tiers: Lite Plan at €147-€161 per month (most chosen by organizations up to 150 FTEs) includes end date/renewal date tracking, follow-up tasks, user management, document bulk upload, dashboarding & reporting, relation bulk upload, validated e-signature with 50 credits, unlimited contracts/storage, ticketing/mail support, and chat with customer support. Professional Plan at €329-€361 per month (organizations 151-750 FTEs) adds full-text OCR search, custom fields, teams, approval flows, contract summaries, and Azure backup. Enterprise plan is quote-based for custom solutions. Another source shows Lite at €153 per month for 3 users annually and Professional at €344 per month for 5 users annually. License starts at €41 per user/month with minimum 3 users, always complemented by an integration package.
Contractify pros
- AI contract data analyst ADA reduces administrative tasks by 50%
- Get started in under 2 weeks without IT involvement
- Automated deadline notifications prevent missed contract dates
- All contracts stored in one secure centralized cloud repository
- Supports contracts in any language with automatic extraction
- Legally binding e-signatures via DocuSign and Connective integration
- Full-text OCR search finds any contract in 5 seconds
- Custom approval flows for different contract types and departments
- Award-winning customer support with fast response times
- Automated follow-up tasks assigned to responsible parties
- Contract summaries quickly share important information with teams
- Dashboarding and recurring reporting check contract ROI
- Unlimited contracts and documents storage
- User-friendly interface requires no prior software knowledge
- Azure backup ensures data security and reliability
- Bulk upload for documents and relations saves time
- Custom fields allow tailored data tracking
- Team collaboration with restricted access when needed
Contractify cons
- No free tier available, only trial before paid subscription
- E-signing feature doesn't allow changes after document submitted
- Pricing in Euros complicates purchasing for US businesses
- Heavy Belgian/European regional focus limits US market presence
- Limited brand recognition outside Belgium and Europe
- Initial data loading and system customization requires significant effort
- Minimum 3 users required for licensing
- Integration package required alongside every license
- Limited G2 presence suggests smaller market player
Frequently asked questions about Contractify
What contracts can be managed in Contractify?
Any contract can be managed in Contractify. The platform handles all types of contracts including general terms & conditions, NDAs, and contracts from all departments throughout the company.
What languages does ADA recognize?
ADA is trained to read documents in any language. She automatically extracts the most important milestones and can summarize contracts in your preferred language, making it ideal for international companies.
What data does ADA extract from contracts?
ADA suggests important contract data including starting date, termination date, contract parties, automatic renewal (Y/N), duration of the renewal period, and any specific data you ask to retrieve through the chat. All suggested data can be verified and saved by a human colleague.
Does ADA analyze contract clauses?
Yes, ADA can find specific clauses when you ask. Just ask Ada to find a specific clause and she will let you know if it is present in the contract or not.
How long does implementation take?
Contractify gets you started in under 2 weeks with no endless trainings or costly IT implementation. No IT knowledge is required to get started.
Does Contractify offer a free tier?
Contractify does not offer a free plan, but provides a free trial that allows you to try the solution before opting for a paid subscription. No credit card is necessary to try Contractify.
What e-signature integrations does Contractify support?
Contractify integrates with DocuSign and Connective to provide legally binding digital signatures for signing contracts online.
How does Contractify compare to Excel for contract management?
Unlike Excel and shared drives which don't send automatic notifications and don't contain exact contracts, Contractify provides automatic deadline notifications, secure access rights management, simpler setup, and doesn't require IT-intensive custom integrations. Excel is a calculation tool, not a contract management system.
What is the ROI of using ADA AI assistance?
Analyzing 200 contracts takes 33+ days by a full-time employee at €6 per contract, but only 11 days with ADA at €1.98 per contract. For 1000 contracts, it's 7 days manually versus 2 days with ADA, representing a 50% reduction in administrative tasks.
How many companies use Contractify?
Contractify helps over 130 leading companies and has 3,000+ users worldwide who manage their contracts properly with the platform.