Announced at Ironclad’s State of Digital Contracting, the new product streamlines counterparty collaboration to help complete contracts over 40% faster
Ironclad, the leading digital contracting platform, today announced the launch of Ironclad Connect, an entirely new way of collaborating with contract counterparties in a single, secure, neutral location. Announced at Ironclad’s State of Digital Contracting, the product is now available for free for all Ironclad customers.
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Ironclad Connect lets customers extend Ironclad’s functionality to their counterparties, resulting in more efficient contract management for both parties. Connect creates a centralized view of activity for both parties with comments, task assignments, track changes, and reference documentation for a given contract. While in beta, teams using Connect accelerated contract completion times by up to 43%.
“Contract negotiation has always been a convoluted process, primarily because traditional tools like Word and email fragment communication – rather than centralize it,” said Ironclad Senior VP of Product, Steven Yan. “Ironclad Connect allows teams to share Ironclad’s powerful functionality with their counterparties in order to collaborate more effectively. By baking collaboration directly into the contracting experience, Ironclad Connect helps teams and counterparties work with each other to reach common ground faster and more efficiently.”
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With Ironclad Connect, users can improve counterparty collaboration in three ways:
- Speed: Centralize all communications, activities, and documents in a clean timeline view for full context.
- Visibility: Automated reminders, @mentions, and internal communication tools keep you and your counterparty on track.
- Alignment: Securely share drafts, supporting documentation, comments, and messages to create alignment within your internal team and your counterparty.
“Contract negotiations are infamous for being frustrating and disorganized: back-and-forth redlines between your internal team and the counterparty, trading Word docs, uploading and re uploading PDFs, and sifting through massive email threads to catch up on context,” said Andrew Glickman, VP, Legal at Sweetgreen. “Ironclad Connect lets us consolidate our communication – internally and with our counterparty – to empower everyone involved to move faster and streamline the negotiation process.”