2022 Contract & Legal Digital Procurement Solutions

2022 ProcureTech100 - The Contract & Legal pioneers

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The ProcureTech100 is the definitive 100 pioneering digital procurement solutions. 

Extensive AI. CLM. Workflow tools. Smart Contracts.

Here, we reveal a little bit about the pioneers in the Contract & Legal category. 

The pace of digital innovation and ability for digital procurement solutions to scale over the last year has been impressive. Exceptional CEOs and Founding teams are inspiring a generational change to the digital procurement ecosystem solving global challenges.”
Lance Younger, Founder & CEO, ProcureTech

The 2022 ProcureTech100 were selected from over 4,000+ digital solutions from across the planet, using enriched data and analysis, combined with the collective experience of more than 60 procurement leaders, technology experts and B2B investors. Pioneers have been identified across 14 different categories. 

The Contract & Legal category is defined by the extensive use of Al amongst the leading solutions. 

Solutions are often characterised as Contract Lifecycle Management (CLM) or Enterprise Legal Management (ELM).

The use of Al and NLP also aids compliance and investigatory work e.g. audits.  

Solutions increasingly bridge the buy and sell side, and into legal, commercial operations and supplier management; and as a cornerstone of legal managed services offerings.  

Smart contracts, blockchain solutions and frameworks being deployed for selective use cases. 

Workflow tools emerging to manage the mid-market contract management processes. 

The 2022 ProcureTech100 Contract & Legal pioneering digital procurement solutions are: 
Founded: 2016       HQ: UK

Avvoka is a document automation, negotiation and analytics tool designed to help law firms, in-house legal teams and businesses draft documents, negotiate them, and leverage data insights from that process to draft better documents, and get to “yes” faster. Unlike legacy tools, with Avvoka you can rapidly build automated versions of your documents using our intuitive automation builder. This means no more complex coding in Word documents. Our customers reach agreement fast by collaborating on documents with colleagues in real-time and negotiating with counterparties via the Avvoka platform. Avvoka has a range of sophisticated reporting tools that allow businesses to monitor push-back against their standard contract clauses, track key commercial terms and compare individual negotiator performance.

Founded: 2012       HQ: UK

ContractPodAi’s pioneering software platform streamlines and simplifies even the most complex in-house legal processes. Harnessing the combined power of IBM Watson’s and Microsoft Azure’s artificial intelligence engines – and defined by constant innovation and legal design thinking – ContractPodAi has been deployed for end-to-end contract lifecycle management in leading corporations across industries around the world. Robust, intuitive, and easy to use, the platform is amplified through our partnerships with complementary technology companies, including IBM, Microsoft and Salesforce. ContractPodAi is headquartered in London and has global offices in San Francisco, New York, Chicago, Glasgow, Mumbai, and Toronto.

Founded: 2016       HQ: USA

Founded in 2016 by Harvard Law and MIT alumni, Evisort is the leading provider of contract management and AI technology for legal, procurement, sales, finance, and IT teams. Evisort’s Contract Intelligence Platform offers implementation within 30 days and fast ROI by centralizing contracts without file migration, using AI to search and automatically track metadata and provisions without manual data entry, and enabling teams to efficiently draft, redline, approve, sign, report on, and renew contracts, all in one place.

Founded: 2010       HQ: UK

Gatekeeper is a next generation contract and supplier management platform that was born in the cloud and works on any device. At Gatekeeper we have a strong focus on collaboration, clear actionable data, obligation and compliance tracking, email alerts and most of all ease of use. We have a ‘zero training’ mantra driving a fanatical focus on usability that results in an application internal stakeholders and suppliers can use effortlessly.

Founded: 2014       HQ: USA

Digitize your contracts with Ironclad, the world’s #1 Contract Lifecycle Management (CLM) platform. Ironclad is the simple, secure way to create and collaborate on contracts, giving users a modern, all-in-one, customizable experience. It’s the only platform flexible enough to handle every type of contract workflow: sales agreements, HR agreements, complex NDAs, and more.

Founded: 2016       HQ: UK

Juro is an all-in-one contract automation platform that helps visionary legal counsel and the teams they enable to agree and manage contracts in one unified workspace. Juro was founded in 2016 by Richard Mabey, an ex-Freshfields lawyer, and Pavel Kovalevich, a software engineer and entrepreneur. Juro is backed by Union Square Ventures, Point Nine Capital, Seedcamp and the founders of TransferWise, Gumtree and Indeed. Juro powers more than 100,000 contracts in more than 65 countries, with a customer base that includes Deliveroo, Secret Escapes and Babylon Health.

Founded: 2012       HQ: USA

SirionLabs is the leading enterprise SaaS provider for post-signature contract management. The Sirion platform significantly reduces the cost of supplier governance by automating complex procedures across key governance disciplines of contract, performance, financial, relationship, and risk management. Advanced process automation cultivates trust, transparency, and authenticity in sourcing transactions and strengthens buyer-supplier relationships, reduces value leakage, and deepens performance insights.

Founded: 2020       HQ: USA

Terzo is an intelligent CLM built from AI-powered technology that unlocks important financial insights hidden in your contracts. Traditional CLMs are glorified storage repositories that were not designed for the buy-side use case. Terzo’s CLM was designed on the foundation of contract intelligence, providing business teams the necessary data to improve productivity, optimize spend, and manage risk and governance across their entire supplier ecosystem.

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