How Outlaw is Humanizing Contracts in the Age of Data.

Corporate contracts are broken; Outlaw is fixing it.

What problem does Outlaw solve?

Modern contracts are fundamentally broken. Legal counsel on both sides take a few lines of agreement and spin them into layered jungles of legal jargon, that journeys back and forth before it ever gets signed. This continuous back-and-forth routine prolongs the average time frame required for signing a contract from just 4 hours to an entire working week. Grossly inefficient, and draining on time and resources.

If you have any insight into the enterprise sales process, it’s a recurring headache. The never-ending back-and-forth trip between your in-house counsel to resolve legal contracting implications, with more tangled legal injunctions added in, drawing out the sales process indefinitely and possibly, snuffing out potential buyers over unclear terms.

What is Outlaw and what do they do?

Along with a wave of startups transforming everyday business with tech, Brooklyn-based Outlaw is designing a contract platform to humanize the contract management process with the help of data.

What does Outlaw do?

Outlaw’s USP is offering corporations a single source of contract management truth so they can manage their contracts from one cohesive platform, designed to serve the needs of modern businesses. Outlaw aims to eliminate contract chaos by organizing the entire contract management process into one intelligent ecosystem designed to scale with your team.

What Outlaw does, in essence, is to simplify contracts so that parties can reach consensus at as much as 90% less time than with standalone legal support and legacy contract management tools.

Outlaw makes it easy for parties to reach consensus simpler, safer, and faster, and overall, easier for salespeople to take charge of the contracting process, without the drawn-out over-involvement of legal counsel.

Outlaw is swapping the (1.) Create, (2.) Review, (3.) Send, and (4.) Re-Review contract management loop for a more data-centric model designed to make contract management a breeze for businesses of types

Drafting & Team Management

In the age of asynchronous productivity, it doesn’t help knowing that mission-critical contracts are drafted in MS Word and manually copied, pasted, and shared across to wherever they’re needed. This broken approach towards contract management fragments team efforts and makes it immensely difficult to reach consensus as easily as possible.

Outlaw’s contract platform works off an intelligent contract editor that combines the best of Google Docs into a simple interface for every related staff — legal and sales alike.

With Outlaw’s simple contract editor, you can drag, drop, and get working from Word docs, assign vetted access to members of your team, and generate multiple contracts from a single template.

Outlaw’s Dynamic Overviews offer both sides a streamlined, plain English look at the terms of a contract so you can reach agreement easily and fast.

Negotiation

Once you’re at the negotiation stage where things go wrong, Outlaw’s secure editing and version tracking features guarantee no hostile terms get sneaked in. Both sides get to simply redline and question contract terms so you can reach resolution faster.

Dealflow Tracking

Outlaw keeps your entire team in the agreement loop so that relevant staff for each scenario insert their input before a contract is set in stone. With cross-platform and third-party support, Outlaw syncs with your CRM so that necessary data is pulled over to wherever it’s needed and is available on whatever device your team is working from.

Analytics & Reporting

Here’s where Outlaw’s data-centric contract management process begins to shine since here, thanks to detailed reporting capabilities, Outlaw enables you to have a granular, in-depth look at your contracts within every stage of the funnel. AI-assisted contract insights help to uncover trends, patterns, and formats that can be tweaked to boost productivity and results — a feat that remains all but impossible with legacy contract management systems.

With its laser-sharp focus on automating manual drudge with data, Outlaw can uncover what’s wrong with your current contract management by looking at data you can’t even see.

Storage

Outlaw offers businesses a single source of truth for all things contracts or what it calls a Contract Inbox designed to house all your team’s drafts and agreements within easy reach. With Omni Search, anyone on a team can hunt down any contract from within an unlimited storage database by simply typing in a string of letters. And for prospective users already hosted on a couple of various alternatives, Outlaw offers seamless export capabilities so you can get started organizing your contracting activities all in one place.

Security.

Your contract data stored with Outlaw stays encrypted in storage and transit so you’re guaranteed that your business stays yours — courtesy of Outlaw’s executive team’s in-depth experience working with industry-leading security systems and a team of seasoned cybersecurity professionals and analysts.

But what makes Outlaw a truly groundbreaking legaltech tool? It appears it is Outlaw’s forward-center focus on employing data underneath the layering of their platform to make painstakingly designed algorithms do the hard work of figuring out what each side is saying in clear terms and getting it across as clearly as possible.

From the start, Outlaw was designed to completely transform contract management by tapping into the power of underlying data, to make contracts as simple as possible for staff across the board. Thanks to co-founders Evan Schneyer and Dan Dalzotto, both with extensive software development experience that contributed to them analyzing how broken modern contracts are, while building out a truly inclusive solution for staff across the board.

Already, Outlaw’s contracting powers have been put to the test by industry-leading giants — Compass, Virgin Hotels, Barclays — being just a few of the corporate giants that have witnessed an over 80% uptick in contract management efficiency, owing to a unified system designed for simplicity and speed.

Looking to simplify your contracting process so you can hit those revenue goals for 2020? Then, Outlaw it is! Try it right away.