Technologies that eliminate legal bottlenecks will play a significant part in closing deals faster and driving business growth at top companies, according to a Salesforce executive.
Robin Fisher, area vice president of Salesforce Europe and the Middle East, discussed the success of legal technology companies which are integrating with the $272billion Salesforce ecosystem.
Presenting at Salesforce Essentials Tel-Aviv conference (Monday 12 June), Fisher introduced the contract review automation platform, LawGeex, and its CEO Noory Bechor, as an example of a new breed of legal technology providers changing the way business is done for Salesforce’s 150,000 customers.
“Once the deal is agreed the biggest challenge is then getting the paperwork through, especially when a company has finite legal resources”, Robin Fisher, Salesforce
Fisher said: “Once the deal is agreed the biggest challenge is then getting the paperwork through, especially when a company has finite legal resources.
“LawGeex helps lawyers focus on what is important, and provides an amazing opportunity for our customers. It represents a fundamental shift in aligning sales and legal around the same value of closing deals faster.”
LawGeex’s empowers salespeople to upload contracts using Salesforce and have them approved based on an organization’s legal criteria. Users are also able to access LawGeex reports within the platform.
Noory Bechor, Founder and CEO, LawGeex, said: “Sales teams are dependent on legal to review and approve contracts before the deal can move forward. This process sometimes takes days, weeks or even months, and sometimes deals just don’t close. With the LawGeex Salesforce app, companies can now automate the review and approval of contracts, without having to leave Salesforce.”
Salesforce the global leader in CRM and sixth biggest software companies in the world, was built to serve companies who are looking to optimize their sales processes. It’s AppExchange currently has more than 2,800 apps and includes LawGeex among a number of these apps, joining companies such as Apttus, DocuSign and SpringCM.
For a Review of Salesforce’s application for lawyers and more than 100 legaltech solutions check out The In-House Counsel’s LegalTech Buyers Guide 2017.
LawGeex (blog.lawgeex.com) is transforming legal operations using artificial intelligence, and helping businesses save hundreds of hours and thousands of dollars reviewing and approving everyday contracts. Founded in 2014 by international lawyer Noory Bechor and leading AI expert Ilan Admon, LawGeex enables businesses to automate their contract approval process, improving consistency, operational efficiency and getting business moving faster. LawGeex combines machine learning algorithms, text analytics and the knowledge of expert lawyers to deliver in-depth contract reviews using the legal team’s pre-defined criteria. LawGeex removes the legal bottleneck, helping customers and their legal teams focus on the big picture without getting lost in the paperwork.