Albert Einstein once said, “In the midst of every crisis, lies great opportunity.” The quest only lies in seeing those opportunities and seizing them.
Such was the case for Ken Button as well when experienced the downsides of manual contract management processes first hand while working as a former general counsel. Instead of looking at it as only an inefficient process, Button joined forces with software veteran Randy Bishop set out to build a market leading contract management platform that streamlines the way contracts are stored and managed throughout an organization. Thus, ContractSafe was born. Since then, ContractSafe has been adopted by a wide range of businesses.
Among those varied industries, the healthcare space serves as a good example behind what makes ContractSafe such a popular solution. Due to high contract volume of healthcare entities, it is really difficult to scale the manual contract management practices. Additionally, healthcare companies must adhere to strict data privacy procedures and be ready for frequent compliance audits. Many healthcare companies, nevertheless, have refused to adopt an automated solution because they were expensive and overwhelmingly complicated. “We distinguish ourselves in the market by being simple, intuitive, and by providing great customer support,” remarks Button, the co-founder and CEO of ContractSafe. In fact, it is not only an easy and affordable contract management solution but also HIPAA compliant and SOC 2 certified.
At the heart of ContractSafe’s contract management solution is [AI]ssistant, an artificial intelligence tool that uses OCR and NLP technology
Having already established itself as a pioneer in the contract management space through many such instances, ContractSafe is now actively working on expanding the features of [AI]ssistant. The latest features are designed with an aim to help customers easily 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 as a future-proof document management solution.