Contracts. We all hate them, but we all need them. They are critical for any business, whether a freelancer or a Fortune 500.
Left to tired hands and hard-copies, contract administration is expensive and tedious; every change and amendment needs to be meticulously documented, and the whole process is systematic and focused on minimizing risk. As far as technology goes, there are dozens of e-signature tools and services, but very few high-quality, affordable full lifecycle management platforms.
Despite their ubiquity, the field of contract management seems to be one of the last vestiges of software to adequately evolve.
That’s why Matt Lhoumeau started Concord. While at his previous employer, he was in the basement pouring through and renegotiating hundreds of old contracts and found the entire process to be entirely inefficient.
“When I was stuck in that basement looking through files, I would have killed for Concord. So I built it, making myself one promise: make sure no one will ever have to manage any contract manually. Ever.
Concord is trying to solve our contract woes by delivering an e-signature and lifecycle management platform that is easy to use, tracks contract amendments easily, and most importantly, offers competitive pricing. In their entry-level package, which is free, they provide unlimited e-signatures and unlimited contract storage for an unlimited number of users in all types of businesses and industries.
While all the features from Concord are not completely unique, what is new is the ability to have all of the standard contract management tools bundled into one; online collaboration, change-tracking, legally binding e-signatures, automated templates, automated workflows, deadline alerts and more.
Given the affordable pricing, this is probably one dotted line you shouldn’t be afraid to sign.
Just this past October, Concord secured $2.7 million in venture funding from six investors.
SnapMunk
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Great! When I started my first business, contracts were the hardest thing for me to get right. It took me a few clients and other situations to really nail down the way that I wanted the contract to be so that I was protected, as well as the client.
Finally, another website that is willing to take on the task of showing the new guy what forms and other requirements there are for things like this. Doing thing the right way and legally can be a very tough game to play.
These types of websites and services make things so easy for the guy that is just starting and is not sure what he all needs to keep things legal. Otherwise, you might have to hire a person before you are ready to and that is just an added cost for no reason.
I am comparing this to that one legalzoom website that offers you all of the legal documents you might need for anything you want to do in the legal system, right? It seems like a great idea and one that will keep you organized, so that is a plus.
You mean LegalZoom.com? I think I would compare them at this point. They are both providing a service to the business that might not know what direction to go with things like this.
Great option for those that are signing them all the time. It was about time that something like this becomes mostly automated.