Pactly

Pactly is a contract lifecycle management (CLM) platform built for in-house legal teams, supporting the contracting process from initial request through renewal.

Key Features and Functions include:

Intake and drafting
Business teams such as sales, procurement, or HR submit a short intake form, and a first draft is generated from a template that legal has pre-approved, reducing reliance on ad hoc copies of past agreements.

AI-assisted contract review
Negotiation playbooks capture a legal team's standard positions and fallback terms. Pactly flags deviations in incoming counterparty paper against those positions and highlights what has changed between negotiation rounds.

Microsoft Word integration
Contract review and negotiation take place through a Microsoft Word add-in, allowing lawyers to redline using standard track changes and comments while Pactly tracks version history.

Approval workflows
Contracts route to approvers automatically based on configurable rules such as value, contract type, or department, with automated reminders and a logged audit trail of each action.

E-signature
Signed execution is handled through integrations with DocuSign and Adobe Acrobat Sign.

Centralized repository and search
Contracts in progress or fully signed are stored in a searchable repository. Optical character recognition extracts text from scanned documents, and AI-based extraction populates structured fields such as counterparties, key dates, and contract values for filtering and reporting.

Renewal and obligation tracking
Key dates, notice periods, and obligations generate advance reminders ahead of renewal or expiration.

Reporting
Dashboards track contract cycle time, bottlenecks, and portfolio composition by department or contract type, with data exportable to CSV.

Integrations and API access
Pactly supports single sign-on through Microsoft Entra ID or Okta, and offers a REST API with webhooks for connecting to other business systems, such as CRM platforms.