ContractSafe: Transforming the Contract Management Game

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Ken Button, Co-Founder and CEO
Entrepreneurs have a keen eye for spotting process inefficiencies and a tendency to challenge the way things have traditionally been done. After all, they say necessity is the mother of innovation. Such was the case when Ken Button, co-founder and CEO of ContractSafe, set out to build a market leading contract management platform that streamlines the way contracts are stored and managed throughout an organization.

Button experienced the negative effects of unorganized contract management first hand while working as a former general counsel. After discovering a lack of easy and cost effective contract management solutions on the market, he joined forces with software veteran Randy Bishop to create ContractSafe. Through a combination of Button's 20+ years of law experience and Bishop's deep software expertise, the two created a product that is changing the way companies manage contracts today.

While ContractSafe has been adopted by a wide range of businesses, the healthcare space is a good example for why it has become such a popular solution. Healthcare contract volume is very high, so manual contract practices do not scale. Additionally, healthcare companies must be ready for frequent compliance audits and adhere to strict data privacy procedures. Nevertheless, many healthcare companies have refused to adopt an automated solution because they were expensive and overwhelmingly complicated. To fill this gap, ContractSafe built an easy and affordable contract management solution that is HIPAA compliant and SOC 2 certified.

“We distinguish ourselves in the market by being simple, intuitive, and by providing great customer support,” remarks Button.

Since the inception of ContractSafe, its mission has been to make user’s lives easier. At the center of the platform is [AI]ssistant, an artificial intelligence tool that uses OCR and NLP technology to search scanned documents for key information – like names, entities, and effective dates -- and organize it in a logical way.


We distinguish ourselves in the market by being simple, intuitive, and by providing great customer support

Moreover, the entire contract management process is streamlined with a quick and intuitive keyword search feature to mine through the database and find the right document in seconds.

ContractSafe also offers robust date management to help users stay abreast of critical dates, including expiration and renewal dates, with automated email reminders. On top of that, ContractSafe’s online portal enables staff members to access required information anywhere and anytime while protecting confidentiality with robust role-based access controls.

According to Button, companies with small legal departments are among the businesses that benefit most from centralized contract management. One ContractSafe client - a large biotech company, was searching for a way to combine all of their contracts into a single, easy-to-use platform that allowed employees to locate contracts using simple natural language searching. The company's employees were delighted with ContractSafe's intuitive user interface and the ability to save and search contracts with the click of a button. The leadership team was also happy with the noticeable improvement in productivity and the kudos it received from its employees.

Having already established itself as a pioneer in the contract management space, ContractSafe is now actively working on expanding the features of [AI]ssistant. The new features are designed to help customers onboard and handle new contract requests, track operational data and metrics, and set up information in a more automated way. With this expansion, Button is confident that ContractSafe will continue helping clients for years to come.

Company
ContractSafe

Headquarters
Los Angeles, CA

Management
Ken Button, Co-Founder and CEO

Description
A leading contract management solution provider offering a purpose-built, affordable, and easy-to-use solution ideal for companies of all sizes and industries that need to better organize their contracts. The company offers an AI-based contract management cloud solution that makes it simple to keep everything in one safe place, find contracts and provisions in seconds and stay in compliance with dates and other provisions. Its AI feature, [AI]ssistant, automatically detects key information – like the contract name, company entity, counterparty, effective date, end date, and auto-renewal information. All of this is supported with award-winning customer service

ContractSafe