Salesforce Selects Ironclad for Contract Lifecycle Management
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The partnership between Salesforce and Ironclad is a significant development in the technology sector, particularly within the realm of contract lifecycle management (CLM). CLM platforms are becoming increasingly vital for large organizations to manage their contracts efficiently and effectively. By integrating Ironclad's CLM solution, Salesforce is not only aiming to enhance its internal processes but also signaling the importance of robust contract management systems in today's business environment.
The impact on the market could be substantial. Salesforce's choice of Ironclad could set a precedent for other companies, potentially leading to increased adoption of Ironclad's services. This could have a ripple effect on the CLM market, driving innovation and competition. For investors, this partnership could indicate Ironclad's growth potential and the increasing value of CLM solutions.
From a legal technology perspective, the integration of Ironclad into Salesforce's ecosystem represents a strategic move to address the complexities of modern contract management. The ability to close deals faster and maintain compliance while managing risk is a key competitive advantage. Legal teams are under constant pressure to deliver results without compromising on due diligence or exposure to risk.
Ironclad's deployment across Salesforce's teams suggests a deep level of trust in the platform's capability to handle sensitive legal operations. For the broader legal tech industry, this could indicate a trend towards more comprehensive, AI-driven solutions that can handle a variety of tasks, from drafting and negotiation to compliance and data analysis.
Streamlining business processes is essential for companies looking to maintain a competitive edge. Salesforce's implementation of Ironclad's CLM tool reflects a focus on optimizing the contracting process, which is often a bottleneck for many organizations. The expected outcome is a more agile and responsive business operation that can adapt quickly to market changes.
Efficiency gains from such integrations can lead to cost savings and improved turnaround times for sales and legal departments. It's important to note that while the immediate benefits are clear, the long-term success of this integration depends on user adoption and the seamless functioning of the tool within Salesforce's existing workflows.
New integration aims to streamline processes, save time, and raise efficiency
"We look forward to working with Ironclad to empower our teams further to close deals faster, work more efficiently, and better manage risk and exposure," said Léo Murgel, SVP and COO, Legal and Corporate Affairs at Salesforce.
Following a pilot implementation, Salesforce rolled out the company's CLM tool to thousands of users across the company. Initially used by Salesforce's Professional Services team handling implementations in their generation of Statements of Work, Ironclad is now being deployed to streamline the contracting process, scale contracting compliance, and automatically sync data to maintain a high degree of data integrity across the organization.
About the Ironclad Salesforce Integration
Ironclad's Salesforce integration makes it a leading CLM candidate for companies that use Salesforce. Ironclad's integration with Salesforce enables seamless data synchronization, allowing users to effortlessly manage contracts within Salesforce and enabling a holistic view of contract data alongside customer relationship data. The Ironclad Salesforce integration gives sales teams deeper visibility on the status of deal approvals, and uncovers insights into the sales cycle through real-time contract data to improve forecast accuracy and deal cycle efficiency – all without ever leaving Salesforce. To learn more about the Ironclad Salesforce integration, click here or visit the Salesforce AppExchange.
"Salesforce is widely recognized as one of the best companies in the world, setting the gold standard not just for CRM but cloud solutions more broadly," says Jason Boehmig, CEO of Ironclad. "Aligning Ironclad with Salesforce will redefine contracting on a global scale. Our Salesforce integration and AI capabilities are having a transformative impact on the industry, and having Salesforce using them showcases just how powerful they really are." To learn more about Ironclad, please visit Ironcladapp.com.
About Ironclad
Ironclad is the #1 contract lifecycle management platform for innovative companies, powering billions of contracts every year. L'Oréal, Salesforce, OpenAI and other leading innovators use Ironclad to collaborate and negotiate on contracts, accelerate contracting while maintaining compliance, and turn contracts into critical carriers of operational business intelligence. It's the only platform flexible enough to handle every type of contract workflow, whether a sales agreement, an HR agreement or a complex NDA. Ironclad was named to the Forbes AI 50 2023 list, and was named a Top Company to Bet Your Career On by Business Insider in 2023. The company is backed by leading investors like Accel, Sequoia, Y Combinator, and BOND. For more information, visit www.ironcladapp.com or follow us on LinkedIn and Twitter.
About Salesforce
Salesforce is the #1 AI CRM, empowering companies to connect with their customers in a whole new way through the power of CRM + AI + Data + Trust on one unified platform: Einstein 1. For more information visit: www.salesforce.com (NYSE: CRM).
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SOURCE Ironclad Inc.
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