Most of the business relationships begin with a contract that sheds light on how the business gets done. Many companies manage their contractual process through emails and printed documents. However, this can lead to a host of problems like misfiling, misplacing, and more.
In an attempt to end this tiring process, a host of contract management platforms has been developed in the market. In the past year, the legal tech market has exploded with investment increasing to $1.2 billion, a 718% increase since the year prior. In 2018, the contract management market segment alone was estimated to be worth $1.1 billion.