LinkSquares, provider of the fastest and most comprehensive AI-powered contract lifecycle management and analysis tool, today announced Event Insights for its customers, which gives legal departments the ability to proactively address renewal and termination dates, which can be the most business-critical time periods for businesses. LinkSquares Event Insights helps legal teams manage and customize notifications for upcoming dates, select notifications for individual users, as well as report and identify upcoming renewal and termination opportunities. Now, business stakeholders can quickly forecast and strategize upcoming time-sensitive considerations for contracts to help minimize business risk and churn while maximizing renewals and profitability.
In light of massive changes over the past year, businesses are taking an all-hands-on-deck approach to reducing unnecessary costs and improving revenue. Legal, sales, account management and other teams have turned to data and automation to quickly and proactively strategize the best path forward without relying on manual processes. LinkSquares Event Insights provides finance groups, legal departments and other contract stakeholders with event-triggered notifications that can be customized according to the issue, cadence and user preferences. Instead of manual reporting, fact finding and extra meetings, companies can share comprehensive summaries of critical time frames, sort by renewal dates and take proactive action to mitigate business risk and increase revenue potential.
“LinkSquares enables us to be proactive, which gives us time to discuss whether we’re still leveraging a contract significantly and if it’s worth whatever we’re spending on it,” said Shawn Hoyt, vice president of legal and deal management for LinkSquares customer Cogito. “This more efficient vendor analysis process translates into money—conservatively saving us more than $30,000 a year. This is in addition to the time savings we see as a result of automated contract analysis.”
Hundreds of customers trust LinkSquares to provide insights for millions of executed contracts. Recently named a 2020 Cool Vendor in Contract Lifecycle Management by Gartner, LinkSquares is the platform that DraftKings, Fitbit, Asurion, Cogito and other high-growth customers rely on to not only automate manual contract processes and provide data analytics, but also help reposition legal teams and departments away from being time- and resource-intensive cost centers.
“As the pandemic presses on, controlling costs is a major focus for all businesses. Even as they plan for recovery, organizations are relying on data to ensure they don’t leave any money on the table,” said Vishal Sunak, CEO and co-founder of LinkSquares. “With LinkSquares Event Insights, teams eliminate business surprises and can proactively strategize new revenue streams ahead of renewals, terminations and other significant contract dates.”
For more information about LinkSquares’ new Event Insights offering and its AI-powered contract lifecycle management platform, contact sales@linksquares.com.
