Malbek Contrax
4.4
41

Not Claimed

Malbek Contrax is a modern CLM designed to solve the contract management problems of today. It provides end-to-end contract lifecycle management with out-of-the-box integration to popular business applications, allowing your contract data to flow seamlessly while dramatically reducing cycle times. With Malbek Contrax, you can search and find your contracts easily, leverage AI-infused insights and guidance to build more effective contracts, author and edit contracts with ease, track and approve contracts with mobile approvals and automated contract reminders, and reduce risk with pre-approved language and terms and visibility into the risky terms and clauses.
Developer
Malbek
HQ Location
Somerset, New Jersey
Year Founded
2017
Number of Employees
88
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Strengths
  • Customizable workflows

    Allows for tailored contract management processes

  • AI-powered analytics

    Provides insights and recommendations for contract optimization

  • Collaboration tools

    Enables team members to work together on contracts in real-time

Weaknesses
  • Limited integrations

    May not seamlessly integrate with all existing software systems

  • Steep learning curve

    May require significant training for users to fully utilize all features

  • Higher price point

    May not be cost-effective for smaller businesses or budgets

Opportunities
  • Growing demand for contract management software presents opportunity for growth
  • Opportunity to expand integrations with other software systems
  • Opportunity to further automate contract management processes
Threats
  • Competing software solutions may offer similar or better features
  • Decreased budgets and spending may impact demand for software solutions
  • Increased focus on data privacy and security may impact customer trust and adoption

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Malbek Contrax Plan

Malbek Contrax offers a tiered pricing strategy with three versions, starting at $50/user/month, with increasing features and capabilities.
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