Contracts are critical for keeping business running, but keeping up with large volumes of frequent contract requests can be daunting for even the largest legal departments. QuisLex provides the most comprehensive solution in the market to address these challenges, merging technology, process, and subject matter expertise.
Our contract management process has been successfully applied across agreement types and industries. We have reviewed hundreds of thousands of contracts, ranging from extremely complex corporate documents and financial agreements to routine NDAs. To date, we have reviewed contracts representing more than 10 billion dollars of sales and procurement agreements.
To drive efficiencies and automate processes, we incorporate leading technologies into our workflows, including artificial intelligence tools and contract management systems. However, by remaining agnostic as to which technology our clients use, we are able to provide honest advice on how different technologies may support workflows or whether utilizing additional technology would help at all.
Our project teams track, collect and report on a wide variety of metrics covering process elements (e.g., status, cycle times, volumes) as well as substantive elements (e.g., provisions being negotiated, types of agreements). Data is collected and accessed by our clients in reports and dashboards to support our clients’ business decisions, identify trends, and drive continuous improvement initiatives.
We develop content and build processes to efficiently manage our clients’ contracts. QuisLex is able to accelerate implementation timelines and keep costs manageable through the use of dedicated resources and battle tested templates. We also help you select technology based on the specific requirements of your use case and design systems to maximize out-of-the box functionality and avoid customization or over-configuration.
Turnkey NDA Solution
Our solution to NDAs can be deployed in days and is based on negotiating thousands of NDAs and leveraging our propriety prebuilt content validated by an Am Law 10 firm. It is a technology enabled solution every step of the way, including smart intake forms and AI-assisted first pass review of markups.
We organize contracts and extract information into reports and dashboards so you can make data-driven business decisions. Examples include M&A due diligence, building records in a CLM system, or identifying contracts that need to be amended in response to a regulatory event. We use AI to automatically abstract relevant provisions that are reviewed by cost efficient lawyers inside a meticulously designed and validated Six Sigma workflow.
We work with you to determine steps in your contracting lifecycle that QuisLex can assume over the short- and long-term:
- Triage contract requests based on criticality, risk profile, complexity and deviation from standard terms
- Assign contracts to the right resource, whether in-house or external
- Generate agreements from templates
- Negotiate with third parties based on playbooks and guidance
- Upload, extract, code, and maintain contract data in a repository for searching and reporting
- Complete signature processes (e-signature or the old-fashioned way)
- Complete approval processes
- Help desk to resolve questions about the contracting process or system