Overview

Summize is a Contract Lifecycle Management (CLM) software designed to embed contract workflows and AI-contracting tools into systems already in use. The platform aims to streamline the often complex and tedious contract management process by providing a suite of tools with seamless integration into applications such as Adobe Sign, DocuSign, Gmail, Google Drive, Microsoft Teams, Slack, and more.

Summize utilizes AI to extract and interpret contract metadata, reduce manual work and risk by automating tasks like providing natural language summaries of contracts and redlining based on custom playbooks.

Users can create, review and negotiate contracts using existing communication means like email or collaboration apps and the platform is designed to allow for the creation of contracts using pre-approved legal templates.

Once contracts are signed, they are automatically stored in a central repository. A key feature includes the ability to directly create legal requests from applications such as Microsoft Outlook.

By connecting the various stages of contract processes digitally, Summize aims to reduce administrative load and speed up legal operations, allowing the inhouse legal team to focus on high-value legal work.

The software is intended to be convenient and user-friendly, and is tailored to be beneficial for varied team types including legal, sales, finance, HR, and procurement.

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November 19, 2022

Initial release of Summize.

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Pros and Cons

Pros

Seamless integrations with applications

Task automation reduces risk

Natural language contract summaries

Contract creation using templates

Automatic contract storage

Create legal requests from apps

Contract redlining

User-friendly interface

Suitable for various teams

Speeds up legal operations

Embeds in current systems

Central repository for contracts

Works with popular platforms

Direct contract creation in-app

Reduces administrative workload

Integrates with communication tools

Interfaces with Gmail, Slack

Pairs well with Outlook

Interfaces with Google Drive

Pairs well with Microsoft Teams

Adobe Sign, DocuSign integration

Extracts and interprets metadata

Automatic contract summary creation

Manual work reduction

Risk reduction with automation

Streamlined contract management

Contract negotiations in existing apps

Suitable for in-house legal teams

User-friendly and convenient

Integrates with sales tools

Optimized for finance teams

Great for HR and procurement

High digital process connectivity

Automates creation of legal requests

Works in familiar environments

Reduces manual review time

Secured and centralised storage

No standalone content editor required

Adobe and DocuSign compatible

Slash contract creation time

Significantly reduces stress levels

Central repository with search options

Integration with Microsoft Word

Automates contract reviews

Business-wide app incorporation

View 40 more pros

Cons

No standalone content editor

Depends on Microsoft Azure

No listed multilingual support

Limited automations list

Presumes Microsoft Word use

No specific mobile application

No in-tool contract creation

Relies on existing templates

View 3 more cons

Q&A

What is the main purpose of Summize?

Summize's main purpose is to streamline the often complex and tedious contract management process. It does this by embedding contract workflows and AI-contracting tools into systems already in use.

How does Summize utilize AI in managing contracts?

Summize utilizes AI to extract and interpret contract metadata, reducing manual work and risk. It automates tasks like providing natural language summaries of contracts and redlining based on custom playbooks.

Which systems or applications can Summize integrate with?

Summize can integrate with a variety of systems and applications including Adobe Sign, DocuSign, Gmail, Google Drive, Microsoft Teams, Slack, and Microsoft Outlook among others.

What are the benefits of using Summize for contract management?

The benefits of using Summize for contract management include seamless integration with existing systems, ease of reviewing and creating contracts using AI, streamlining of workflows, reduction of administrative load, speed up of legal operations, and the ability to focus on high-value legal work.

Can Summize generate natural language summaries of contracts?

Yes, one of the key features of Summize is its ability to generate natural language summaries of contracts. This is done through its AI capacity, which automates the task to reduce manual work and risk.

Is Summize designed to work with existing communication apps?

Yes, Summize is designed to work with existing communication means like email or collaboration apps, making contract creation, review and negotiations seamless and convenient.

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Does Summize have a feature for creating contracts from pre-approved legal templates?

Indeed, Summize is designed to allow for the creation of contracts using pre-approved legal templates, thus enhancing efficiency and reducing errors.

What happens after the contracts are signed in Summize?

Once contracts are signed in Summize, they are automatically stored in a central repository, enabling easy access and management.

Can I create legal requests directly from Microsoft Outlook using Summize?

Absolutely, one of the key features of Summize is the ability to directly create legal requests from applications such as Microsoft Outlook.

How does Summize help in reducing administrative load and speeding up legal operations?

Summize helps in reducing administrative load and speeding up legal operations by digitizing and connecting the various stages of contract processes. This automation allows the inhouse legal team to focus on high-value legal work.

Is Summize user-friendly?

Yes, Summize is intended to be convenient and user-friendly, making contract management easy even for non-legal professionals.

Is Summize beneficial for teams other than legal teams? If yes, which ones?

Yes, Summize is designed to be beneficial for varied team types in addition to legal teams. These include sales, finance, HR, and procurement teams.

How does Summize assist in contract redlining?

Summize assists in contract redlining by automating the process based on custom playbooks. This is achieved through its AI functionality.

How does Summize help in automating tasks and reducing risks?

Summize reduces risk and automates tasks by leveraging AI to extract and interpret contract metadata. This enables automatic generation of natural language summaries, redlining of contracts and more, reducing manual work and the risk of error.

Does Summize provide any features for contract negotiation?

Yes, Summize users can review and negotiate contracts using existing communication means like email or collaboration apps. This makes the negotiation process seamless and efficient.

Where are the contracts stored after signing in Summize?

In Summize, after the contracts are signed they are automatically stored in a central repository. This facilitates easy management and retrieval of contracts as needed.

What kind of contract metadata does Summize's AI extract and interpret?

Summize's AI extracts and interprets a range of contract metadata. The specifics are not detailed, but this would typically include key contract terms, clauses, and variables.

How does Summize facilitate the creation of contracts?

Summize facilitates the creation of contracts by allowing users to generate contracts using pre-approved legal templates. This can be done directly from the user's inbox or from Teams/Slack interface.

Can Summize integrate with Adobe Sign and DocuSign?

Yes, Summize can seamlessly integrate with Adobe Sign and DocuSign. These integrations facilitate the signing of contracts as part of the platform’s contract lifecycle management features.

Can Summize assist in speeding up legal operations in a company?

Yes, Summize can indeed assist in speeding up legal operations in a company. By automating contract creation, review and management tasks, it allows legal teams to focus on strategic, high-value legal work.

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