Volody

Volody is a legal tech company specializing in providing software to help businesses digitize and automate their legal processes. Built by professionals with decades of experience, our products, such as Contract Lifecycle Management Software, Document Management Software, and Litigation Management Software, aim to reduce legal workload and eliminate low-value manual processes. With AI & ML at their core, Volody products are engineered to provide astute and agile solutions that adeptly meet the evolving requirements of the corporate world. That’s why global giants like Vodafone Idea, HDFC, Honda Cars, Linde Group, Oberoi Realty, etc., have chosen Volody as their legal tech provider.

Volody is an artificial intelligence-powered contract lifecycle management (CLM) software solution. It enables digitization and automation of various aspects of legal agreement handling, including drafting, negotiations, approval processes, signing, and management. Volody started as a basic document management platform launched by a law firm and has evolved into a fully-fledged CLM solution catering to diverse customers across industries.

Volody: Vendor Analysis — CLM solution overview, roadmap, competitors

Contract Lifecycle Management Software: Volody's AI CLM Tool

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Tools for streamlining or improving one or more aspects of contractual agreements

Contract Management Tools

Volody is an artificial intelligence-powered contract lifecycle management (CLM) software solution. It enables digitization and automation of various aspects of legal agreement handling, including drafting, negotiations, approval processes, signing, and management. Volody started as a basic document management platform launched by a law firm and has evolved into a fully-fledged CLM solution catering to diverse customers across industries.
The platform utilizes AI and machine learning capabilities to streamline contract workflows, provide an intuitive user interface, and facilitate rapid implementation typically within seven days. Key features include customizable agreement templates, approval system configurations, access controls, integration with digital signature providers like DocuSign, and comprehensive contract administration tools.
Volody positions itself as an affordable CLM alternative, offering flexible workflows and limited implementation costs compared to traditional solutions. In addition to contract management, the company also offers products for board meeting management, insider trading compliance, and general legal compliance requirements as of September 2022.

DocuCollab offers a contract management software solution designed specifically for the healthcare and pharmaceutical industries. The company's platform allows companies in these sectors to effectively manage their contractual processes, from patient admissions to sourcing patented drugs. DocuCollab's software facilitates real-time collaboration, document sharing, and change tracking, enabling users to engage with technology and collaborate securely. The software's ease of use and ability to streamline document management processes have helped businesses take their operations to the next level.

DocuCollab

Concord is a cloud-based contract lifecycle management (CLM) platform that enables users to create, collaborate, sign, and manage all types of contracts within a single platform. It streamlines the entire contract workflow process, from drafting and negotiation to execution and analysis. Concord's key offering is an intuitive, user-friendly interface that simplifies contract collaboration among teams, clients, and third-party vendors.
The platform integrates with over 5,000 applications through plug-and-play integrations, allowing users to pull in customer data, generate agreements in bulk, and automate custom workflows via Zapier or Concord's open API. As of November 2021, Concord claimed to have over 1 million users, primarily small and medium-sized businesses (SMBs), utilizing its agreement intelligence solution.
Concord's pricing model is designed to be cost-effective, with all plans including unlimited agreements and e-signatures. Users pay only for the features they require, without incurring additional add-on costs. In February 2020, Concord highlighted its ability to manage various types of online contracts, including employment contracts, non-disclosure agreements, licensing agreements, bills of sale, promissory notes, and residential leases.

Concord

Ironclad is a leading provider of contract management software that enables companies to digitize and streamline their contract lifecycle processes. The company's platform allows users to create, collaborate, negotiate, execute, and manage contracts within a single, browser-based environment. Ironclad utilizes advanced technologies such as artificial intelligence and conditional logic to facilitate the generation and management of complex contract variations at scale.
One of Ironclad's key product offerings is its Workflow Designer, a no-code tool that enables users to customize and automate approval workflows, regardless of the complexity of their contracts and processes. Additionally, the platform features a DOCX-native, browser-based editor, facilitating seamless collaboration through shared drafts, track changes, version history, and commenting functionality.
Ironclad caters to a wide range of industries, including technology, healthcare, media and entertainment, and financial services. Companies like L'Oréal, Mastercard, and Dropbox have leveraged Ironclad's platform to streamline their contracting processes, drive business impact, and gain valuable operational insights.
As of April 2022, Ironclad had processed over one billion contracts on its platform and was on track to process another one billion contracts within the same year, solidifying its position as a leading player in the contract lifecycle management (CLM) space. In April 2024, Ironclad announced its selection by Salesforce as the company's CLM platform, further underscoring its industry-leading capabilities.

Ironclad

INHUBBER is a contract management and digital signature platform that leverages blockchain technology and artificial intelligence to offer secure and efficient contract handling. The company's solution allows users to create, sign, store, and manage contracts securely with features like end-to-end encryption, two-factor authentication, and secure cloud storage. INHUBBER's platform supports multiple file formats, including PDF, Excel, Word, JPEG, and MP4, enabling users to sign an unlimited number of contracts while tracking their progress.
The AI-powered platform automates various contract-related tasks, such as document analysis, obligation management, and deadline reminders. It streamlines collaboration by allowing users to share contracts within the company or with specific departments securely. Additionally, INHUBBER provides template management capabilities, enabling users to create, upload, and share templates for efficient contract creation and processing.
The platform's digital signature functionality ensures compliance with legal requirements, such as qualified electronic signatures for rental agreements with stepped rents. INHUBBER's solution caters to businesses across various industries, offering contract lifecycle management, digital signatures, and obligation management in a unified, secure, and user-friendly platform.

INHUBBER

Oneflow is a Software-as-a-Service (SaaS) company that offers a contract automation platform powered by artificial intelligence (AI). The platform aims to help businesses streamline and optimize their contract management processes. In May 2024, Oneflow launched Oneflow AI, an AI-powered platform designed to assist businesses in writing, reviewing, and analyzing contracts 10 times faster and at scale.
Oneflow's interactive platform addresses every step of the contract lifecycle, from pre-signing to signing and post-signing activities. By creating contracts in data-rich formats, the platform provides a robust foundation for fully automated workflows. The company's AI technology not only eliminates expensive routine contract work but also minimizes the risk of oversight and reveals actionable insights at a speed that humans cannot match.
Oneflow's mission is to liberate businesses from the frictions associated with managing their core business documents, specifically contracts. The company believes that while the world is undergoing digital transformation, contracts remain stuck in a frustrating cycle involving PDFs, legacy systems, and inboxes, solely to get a contract signed.

Oneflow

Platforms that provide an "all-in-one" contract management solution, providing a variety of functions across the CLM system

Platforms that provide specialized contract management (procurement, sales etc.) solutions, which include terms and conditions that are industry-specific

Tools that allow users to put their signature on digital contracts with multiple authentication and certifications, providing a safe and secure electronic record

Platforms that use AI-powered tools to identify potential breaches, entitlements, obligations, and changes in conditions to ensure that agreements are in compliance throughout the life cycle of the contract

Remote workers can access information and stay connected without physical storage or meetings

Personalization tools can be used to create and manage contracts tailored to specific clients

AI/ML solutions can streamline contract processes by extracting data, identifying risks, and enabling predictive analytics

Volody

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