This is our solution

Pactumize Contract Builder is a solution that enables non-lawyers and lawyers to easily create contracts and manage them. A contract automation tool – for non-lawyers!  We call that “Pactumizing the legal department”!

By using Pactumize a company achieves:

  • Lower costs
  • Higher control and better compliance
  • Higher productivity by avoiding time bottlenecks due to limited access to outside lawyers
  • Lower barriers to business
  • Empowering qualified employees (non-lawyers)

High transaction costs mean that buyers and sellers find it hard to find each other and that it takes a long time for them to reach consensus. In Pactumize contract automation platform, the known or anticipated proposal or contractual clauses of the counterpart can be pre-configured after approval by the company’s own lawyers, so that non-lawyers can also handle contract negotiations without the need for legal professionals.

This keeps both costs and time for the transaction low. By managing the business opportunities faster, competitiveness and profitability increase while reducing business risks.

This is how we help you

GENERAL COUNSELS
PURCHASING
CEO´s
COMPLIANCE OFFICER
SALES MANAGEMENT

General Counsels are under pressure from CEO’s regarding high legal costs.

At the same time; regulatory requirements have increased dramatically and demand for legal services from large- and midsize companies have increased over the past five years.

Due to high legal costs; 70 percent of the legal work in companies is already handled internally – the trend is increasing. Nevertheless, the total legal costs are increasing dramatically and something has to be done.

The solution is implementing Pactumize Contract Automation Platform – for non-lawyers.

All contracts often used – especially complex contracts with frequently, but in advance recognized, negotiated clauses – are optimal; such as standard documents (NDA, employment contracts, purchase and sales contracts, corporate documents, license and consultancy agreements etc.)

Due to high workload, in house lawyers as well as external lawyers, become barriers to business. 

Thus – the solution to remove these bottle necks is implementation of Pactumize Contract Automation Platform – for non-lawyers.

All contracts often used – especially complex contracts with frequently, but in advance recognized, negotiated clauses – are optimum; such as standard documents (NDA, employment contracts, purchase and sales, corporate documents, license and consultancy agreements etc.).

 

Consensus among CEOs of the reason to have internal legal counsels: to identify and prevent commercial risks and reduce the cost of external legal advice.

According to the CEOs, it’s the volume of law that makes the greatest cost savings of having internal lawyers instead of hiring external lawyers.

CEOs want internal lawyers to focus operationally on creating standard templates and procedures, negotiate contracts and to be the Company Secretary.

Thus – CEO’s should support a tool that saves legal costs, improves compliance and removes bottle necks in the business.

Insufficient compliance and suboptimal contract management concerning:

  • knowledge and overview of existing contractual relations and the risk exposure
  • actual capability to get quick access to contracts and all relevant data and communication prior to any dispute
  • general review and update of standard agreements in relation to new legislation or case law
  • transfer pricing – corporate tax avoidance – documentation must include a comparability analysis and justification for the transfer pricing method chosen.
  • significant penalties relating to transfer pricing adjustments by tax authorities
  • Inability to track work and communicate effectively between departments and lawyers

Thus – the solution to get control, order and remedy as well as insight and a good overview of a company group’s entire agreement is implementation of Pactumize Contract Automation Platform

Due to high workload, in house lawyers as well as external lawyers, become barriers to business.

Thus – the solution to remove these bottle necks is implementation of Pactumize Contract Automation Platform – for non-lawyers.

All contracts often used – especially complex contracts with frequently, but in advance recognized, negotiated clauses – are optimum; such as standard documents (NDA, employment contracts, purchase and sales, corporate documents, license and consultancy agreements etc.).

The Pactumize process

The Pactumize process