Cequence

What Cequence does

Cequence is a CEE-based contract lifecycle management platform that streamlines workflows and eliminates human error by automating manual tasks in contract management. It brings a consumer-like experience to robust enterprise-grade tools, utilizing AI, ML, and Natural Language Processing. The platform aims to fundamentally transform the contract management industry by creating an autonomous environment for efficient contract management and optimal outcomes. Cequence is a web-based application built on secure and reliable architecture, offering agile deployment and integration capabilities.

Products

• Cequence PlatformAn end-to-end contract lifecycle management solution that connects various processes such as supplier/customer onboarding, sourcing, contracting, and obligation tracking with custom workflows. It leverages AI, ML, and NLP for advanced contract analysis and automation.

Key capabilities

• Contract Management Lifecycle
• Procurement
• Legaltech
• Automating manual tasks in contract management
• AI, ML, and Natural Language Processing (NLP)
• Web-based application
• Agile deployment
• Seamless integrations with existing systems (APIs)
• Entity and Key Phrase Extraction routines
• Cloud environment (AWS by default, other cloud/on-premise options)
• Single-Sign-On (SSO)
• Optimized for standard web browsers (Chrome, Internet Explorer, Firefox, Safari, Edge)
• Dynamic dashboard for activity overview
• Intuitive search with AI algorithms
• Smart notifications (email, calendar, in-app)
• Task management and collaboration
• Insightful and configurable reporting
• Contract automation with MS Word Online integration
• Clause library
• Advanced analytics using AI
• Contract database with history and relations
• Embedded e-signature solution
• Related operations for sourcing/sales activities
• Identity management (SSO, domain claiming, MFA)
• Data protection (encryption at rest and in transit)
• Information compliance (retention policies, eDiscovery)
• Vulnerability assessments by third-party experts

Use cases

• Streamlining contract workflows
• Eliminating human error in contract management
• Automating manual tasks in contract management
• Faster contract execution
• Higher compliance with obligations
• Increased team productivity
• Managing contracts daily for 50,000+ people
• Digital transformation of contract management
• Unifying contract management after mergers/acquisitions
• Collaborating on contracts among category managers, contract managers, legal counsels, and other stakeholders
• Tracking open contracts
• Executing NDAs or SOWs from templates
• Engaging legal teams when necessary
• Systematic overview of assigned contracts and tasks
• Automated notifications for contract milestones
• Full text search in contract repository
• Identifying bottlenecks in contract processes
• Improving process efficiency
• Collaborating with third parties directly in the system
• Decreasing operational expenses
• Reducing turnaround time for contracts
• Increasing compliance
• Improving resource allocation and effectiveness of contract management
• Connecting supplier/customer onboarding, sourcing, contracting, and obligation tracking
• Reminding users of deadlines, milestones, and commitments
• Inviting suppliers, customers, or partners to participate in the process
• Creating, negotiating, executing, and monitoring contracts online
• Extracting key features (price, category, supplier info) from documents
• Analyzing contract terms and relations
• Driving business decisions with AI-powered analytics

AI approach

Cequence leverages Natural Language Processing (NLP), Machine Learning (ML), and Artificial Intelligence (AI) to automate contract management tasks. This includes Entity and Key Phrase Extraction routines to identify key features like price, category, and supplier information from documents, and AI algorithms for intuitive search and advanced analytics of contract terms and metadata. The company states it constantly drives innovation in these areas and that each extraction makes the next one better and more accurate.

Tech named: Natural Language Processing, Machine Learning, Artificial Intelligence, Entity and Key Phrase Extraction routines

Industries served

• IT Services and IT Consulting

What it says sets it apart

• CEE-based platform
• Streamlines workflows and eliminates human error
• Consumer-like experience with robust enterprise-grade tools
• Utilizes AI, ML, and Natural Language Processing
• Agile and affordable plan even for medium-sized businesses
• Fast implementation (6 weeks)
• Transparent pricing based on usage (per user for what they use, not just view)
• Includes standard upgrades, updates, SLA, uptime commitment, training, and support
• Customization and implementation to fit specific processes
• Easy to get used to and visually pleasant software
• Advanced yet affordable technology
• Highly secure environment
• Premium cloud environment for flexibility, scalability, and reliability
• Constantly drives innovation in AI, ML, and NLP
• Ability to extract key features and uncover 'true' meanings from documents
• Each extraction makes the next one better and more accurate
• Accessible via Single-Sign-On
• End-to-end CLM under one roof
• Dynamic dashboard for immediate overview
• Intuitive search with AI algorithms for contractual terms and milestones
• Smart notifications saving manual tracking time
• Vibrant workspace for task management and collaboration
• Highly configurable reports for data-driven insights
• MS Word Online integration with instant versioning and co-authoring
• Embedded e-signature solution
• Strong focus on security and privacy (identity management, data protection, information compliance, vulnerability assessments)
• Co-founders with backgrounds in IT, Data Science, and Law

Funding rounds we track

From the AI funding tracker — rounds as reported by the linked publications.