Contract Logix is a comprehensive contract lifecycle management (CLM) platform designed to streamline and automate the entire contract process for legal professionals. Features and functions of Contract Logix include:

Repository: Contract Logix offers an AI-powered digital contract repository that centralizes all contracts and related documents. This repository enables users to securely store, search, and analyze contracts from any device, providing complete visibility and control over contract data.

Workflow: The platform includes a customizable workflow automation feature, allowing organizations to build and modify contract workflows using a drag-and-drop Visual Workflow Builder. This facilitates the automation of notifications, approvals, and tasks, ensuring contracts are routed efficiently and compliantly through the appropriate channels.

Creation: Contract Logix streamlines contract creation by enabling users to assemble contracts quickly using pre-approved clauses and templates. The system automatically populates essential information such as party names, addresses, dates, and terms, reducing errors and ensuring compliance with organizational standards.

Collaboration: The platform features a Collaboration Room that facilitates real-time contract negotiation and editing among internal and external stakeholders. This functionality ensures all parties are working on the latest version of a contract, with an automatic audit trail of all edits and comments, expediting approvals and e-signatures.

Artificial Intelligence: Contract Logix leverages AI for contract analysis and data extraction, allowing users to automatically extract key contract properties and populate them within the system. The AI capabilities include customizable data extraction fields and the ability to reprocess existing contracts to capture new information, significantly reducing manual data entry and enhancing risk mitigation.