Overview of Outlaw
Outlaw is a cutting-edge contract lifecycle management (CLM) software designed to streamline and optimize the entire contract management process for organizations. Founded in 2017 and headquartered in New York, Outlaw is tailored to serve companies of all sizes across multiple industries, including startups, enterprises, and SMEs.
Key Functionality
- Contract Creation and Templating: Outlaw allows users to transform existing contracts into interactive, reusable templates. This is achieved through an advanced proprietary word processor that incorporates dynamic legal logic and smart variable fields, ensuring error-free and seamlessly editable contracts. The platform also features a clause library and a drag-and-drop editor for easy contract drafting.
- Document Management and Storage: Outlaw provides a central contract repository where all contracts can be organized, stored, and easily retrieved. This centralized space enhances visibility and simplifies contract management.
- Collaboration and Negotiation Tools: The platform offers robust collaboration features, including real-time in-document commenting, threaded discussions, and cloud-based redlining. These tools enable multiple parties to negotiate and make changes collaboratively, with version control and audit tracking to ensure transparency and accountability.
- Approval Workflows and Automation: Outlaw includes customizable workflow engines with automated approval processes, streamlining the contract approval cycle and reducing the time spent on manual processes.
- E-Signature Integration: The software supports electronic signatures, facilitating the execution of contracts efficiently and securely.
- Compliance Management: Outlaw emphasizes security and compliance with features such as data encryption, granular access controls, and customizable compliance configurations. This ensures that user data is protected and industry-specific regulatory requirements are met.
- Advanced Analytics and Reporting: The platform provides robust reporting and analytics capabilities, allowing users to monitor contract performance, track key performance indicators (KPIs), and identify optimization opportunities.
- Integration and Accessibility: Outlaw integrates with existing sales and operations stacks and supports various platforms, including Android and iOS, ensuring mobile access and seamless integration with other business tools.
Additional Features
- Automated Reminders and Contract Renewal Alerts: Outlaw sends automated reminders and alerts for contract renewals, ensuring that critical deadlines are not missed.
- Customizable Dashboards and User Management: The platform offers customizable dashboards and role-based permissions, allowing users to tailor the interface to their needs and manage user access effectively.
- Audit Trail and Version Control: Comprehensive audit trails and version control features help in tracking changes and maintaining a record of all activities related to the contracts.
Benefits
Outlaw accelerates contract cycles, streamlines negotiation processes, and enhances workflow productivity. Its modern user interface and transformative technology make it an indispensable tool for legal teams and organizations looking to optimize their contract management processes. By providing a plain English overview layer, Outlaw also helps in better understanding contracts without the need for legal jargon, making it more accessible to a broader range of users.