Linksquares

Introduction

LinkSquares is a Boston-based legaltech company that provides a platform for contract lifecycle management and analysis using artificial intelligence (AI). With their AI-powered administration and organization, automated contract analysis and reporting, and collaborative contract management features, LinkSquares makes contract management more efficient and effective for legal teams. The tools they provide cover everything from contract creation and review to signature and storage.

By using natural language processing (NLP), optical character recognition (OCR), and machine learning algorithms, LinkSquares' software provides a comprehensive solution for contract management, helping legal teams save time and money by using AI-powered analytics that identify risks and opportunities within contracts. Their platform also offers integrations with the most popular file sharing applications, including Google Drive, Dropbox, OneDrive, Egnyte, Box, and Amazon S3, allowing businesses to keep their legal contract data organized, secure, and accessible.

Trusted by over 700 mid-to-large-sized companies, including Fitbit, Commvault, and Wayfair, LinkSquares has received numerous accolades and recognitions for their rapid growth and innovation. Their ability to automate and simplify contract management makes LinkSquares an invaluable asset to legal teams across multiple industries.

TLDR

LinkSquares is an AI-powered contract management tool that streamlines contract lifecycle management and analysis for legal teams. Their software's features include AI-powered administration and organization, automated contract analysis and reporting, and collaborative contract management. With their customizable templates, workflows, and analytics, LinkSquares helps legal teams identify risks and opportunities within contracts, saving them time and money. The platform provides integrations with popular file sharing applications, ensuring businesses can keep legal contract data organized, secure and accessible. Trusted by over 700 companies, their software is an excellent asset for legal teams across various industries.

Company Overview

LinkSquares is a Boston-based company that specializes in providing AI-powered contract and legal document analytics. Founded in 2015 by CEO and Founder Vishal Sunak, LinkSquares is trusted by over 700 legal teams at mid-to-large-sized companies, such as Fitbit, Commvault, and Wayfair. The company's platform is known for being the fastest-growing AI-powered contracting platform for legal teams. LinkSquares has received numerous accolades and recognitions for their rapid growth, including being ranked #10 in Massachusetts and #379 overall on the 2022 Inc. 5000 list of America's fastest-growing companies and ranking #90 on the 2021 Deloitte Technology Fast 500™ awards. In addition, Vishal Sunak, the company's founder and CEO, was named to Boston Business Journal's 2022 40 Under 40 list and was named an EY Entrepreneur Of The Year in 2021.

LinkSquares's team includes experienced professionals who have extensive knowledge and expertise in their respective fields. Eric Hoffert, the Chief Technology Officer, has a proven track record of building highly scalable and secure web experiences. Juliette Rizkallah, the Chief Marketing Officer, has a strong focus on designing campaigns that drive revenue and results by understanding the needs of buyers. Luigi Testa, the Chief Financial Officer, is responsible for scaling the company and driving strategy. Tim Parilla, the Chief Legal Officer, oversees the company's legal posture and acts as a strategic advisor to the company's management and corporate counsel customer base. Steve McSpiritt, the Chief Revenue Officer, drives all Sales, Customer Success, and Business Development strategies. Chris Comrie, the SVP of Business Development & Founder, has extensive experience building and taking products to market while developing strategic relationships across prospects, customers, and partners. Andrew Goodman, the SVP of Product and Engineering, is responsible for defining the company roadmap and has a wealth of experience in bringing new products to market.

LinkSquares's success is due to its ability to bring together a team of talented professionals who are passionate about improving outcomes for legal teams while elevating their visibility within the enterprise. LinkSquares's platform provides a comprehensive solution for contract lifecycle management and analysis, which helps legal teams save time and money by using AI-powered analytics that identify risks and opportunities within contracts. With LinkSquares, legal teams benefit from a powerful tool that provides efficiency and effectiveness, making them an invaluable asset to their companies.

Features

AI-Powered Administration and Organization

Automatic Contract Organization

LinkSquares AI is built specifically for the nuances of legal language. The tool uses AI to automatically organize your contracts and extract critical data while eliminating manual work. With LinkSquares, you can keep your in-flight and executed contracts in a centralized, secure location. The AI-powered administration and organization feature ensures that you can easily access important information, such as renewal dates, vendor details, and more from your contracts. With its intelligent automation capabilities, LinkSquares can also provide recommendations for workflows and other strategies that can help you get the most out of your legal contracts.

Real-Time Dashboards

LinkSquares AI provides an intuitive, real-time snapshot of your contracts, giving you full visibility into legal commitments. The real-time dashboard feature ensures that you can easily access and monitor your contracts without having to rely on other teams or departments. Everything is displayed in real-time, reflecting the latest updates as they occur. With LinkSquares AI, you can track key analytics, such as contract expiration dates, renewal notices, and more with ease. This feature is especially useful for recording and tracking complex legal commitments, which can be difficult to manage without a robust contract management tool.

Searchable Contracts

With LinkSquares AI, OCR (Optical Character Recognition) can convert scanned PDFs, faxes, or even photographs of documents into regular, searchable text files. The tool also provides powerful contract summary tools, allowing you to get a bird’s-eye view of the contents of your agreements. LinkSquares’ proprietary AI automatically pulls out 100+ key pieces of metadata from your contracts, providing instant insights into your legal commitments through custom, portfolio-wide search and reporting. This feature ensures that you can search and retrieve critical information from your contracts within seconds, regardless of the format of the original document.

Automated Contract Analysis and Reporting

Dynamic Reporting

LinkSquares AI provides dynamic reporting features, which enable you to generate standardized contract reports in minutes rather than hours. The tool can quickly analyze contracts and provide insights into key areas, including renewal dates, liabilities, and other critical risks. LinkSquares also allows you to create customized reports which can include key data points that matter to your business. With this feature, you can track your contracts easily, understand how they’re performing, and proactively manage risks.

Risk Assessment

LinkSquares AI provides an automated contract risk analysis feature, which enables you to assess risks in your contracts quickly. The tool identifies potential risks in your contracts and provides recommendations, enabling you to mitigate risks efficiently. The feature also allows you to monitor and track risks over time, giving you full visibility into the risks associated with your contracts. With LinkSquares, you can identify, track, and manage risks across your entire contract portfolio, which ensures that your business is protected at all times.

Data Extraction

LinkSquares’ data extraction feature, powered by AI, allows businesses to extract critical data from their contracts quickly and easily. The feature uses natural language processing and machine learning algorithms to identify key data points, such as start and end dates, renewal notice periods, and contract terms, from contracts. By automating the extraction process, businesses can save countless hours of manual work, reducing the time it takes to analyze and understand their contracts. The data extraction feature also ensures that businesses have access to up-to-date and accurate contract metadata, providing full visibility into their legal commitments.

Collaborative Contract Management

Collaboration and Task Management

LinkSquares’ collaborative contract management feature enables teams to work together more efficiently on contracts. The tool allows businesses to assign tasks and responsibilities to team members, streamlining workflows and improving communication. By keeping everything in one centralized location and automating many of the heavy lifting contract management tasks, LinkSquares AI ensures that teams have real-time access to essential contract information. This feature also enables businesses to track all changes made to a contract by team members, providing full transparency and accountability around contract management workflows.

Secure Contract Repository

LinkSquares AI provides a secure contract repository, ensuring that all contracts and sensitive legal information are stored in a centralized, secure location. The tool allows businesses to manage all contracts securely, providing access controls and airtight security protocols. With this feature, businesses can manage contracts and access them securely from any location, at any time. The tool also enables collaboration between teams and departments, ensuring that all stakeholders have access to the latest information and insights. With LinkedSquares, businesses can keep their legal contract data organized, secure and accessible.

Flexible Contract Templates

LinkSquares’ flexible contract templates provide a streamlined process for creating new contracts. With its intuitive contract creation tools, businesses can create contracts quickly and easily, and can customize their contracts to meet their needs. The template feature enables businesses to create reusable contract components that can be easily updated and deployed across multiple contracts, building efficiencies across multiple areas of legal operations. Additionally, LinkSquares can store all contract templates in one central location, providing easy access and traceability to the latest version of each contract template.

Integrations

Linksquares is a contract management tool that streamlines the entire process from start to finish. With its powerful integrations, you can supercharge your workflows and easily integrate with the systems of your choice without leaving the tools you already use. These integrations give you complete visibility into your contract data and allow for seamless collaboration with your team.

Word Processing

LinkSquares can streamline your editing and review process and bring the power of the tool to Microsoft Word. With the Word Processing integration, you can access LinkSquares from both your desktop and browser, making it easy to manage contracts right from within your word processor.

CRM

The sales contracting process can be a lot of work, but LinkSquares can help. With its CRM integration, you can streamline the process, save time, and improve collaboration between legal and sales. By integrating LinkSquares with your CRM system, you can easily manage contracts and sales data all in one place, making the whole process more efficient.

eSignature

Sending agreements out for signature can be a chore, but with LinkSquares, you can streamline the process. The eSignature integration allows you to send agreements out for signature through DocuSign or Adobe Sign directly from LinkSquares. The real-time updates make it easy to track the status of your signatures so you can keep everyone in the loop.

Cloud Storage

Keeping your contracts in one place is essential, and with LinkSquares, you have several cloud storage integrations to choose from. You can integrate with the most popular file sharing applications, including Google Drive, Dropbox, OneDrive, Egnyte, Box, and Amazon S3. With centralized contract repositories, you can effortlessly access and stay up to date on your agreements. Sharing contracts across your team and organization is also simple, thanks to the SharePoint integration.

FAQ

What is LinkSquares and what does it do?

LinkSquares is an AI-powered contracting platform that provides contract lifecycle management and analysis for legal teams. Their platform offers customizable templates, workflows, and analytics to identify risks and opportunities within contracts, saving legal teams time and money. With LinkSquares, legal teams can draft, review, approve and execute agreements quickly and efficiently.

What kind of companies use LinkSquares?

LinkSquares is trusted by over 700 mid-to-large-sized companies, including Fitbit, Commvault, and Wayfair. Their platform is designed to benefit legal teams across multiple industries, including healthcare, technology, and finance.

How does LinkSquares use AI in their platform?

LinkSquares uses AI-powered analytics to analyze contracts and provide a comprehensive view of their contents. This includes identifying risks, opportunities, and discrepancies within contracts. LinkSquares also uses natural language processing (NLP) to extract important information, such as parties, termination dates, and renewal terms. This allows legal teams to review and manage contracts quickly and efficiently, saving them time and money.

What features does LinkSquares offer?

LinkSquares offers a variety of features, including customizable templates, legal workflows, natural language processing (NLP), optical character recognition (OCR), automated data extraction, e-signature, and analytics. Their platform is designed to streamline the contract lifecycle management process and provide legal teams with the tools they need to manage contracts effectively.

What are the benefits of using LinkSquares?

Using LinkSquares has many benefits for legal teams, including increased efficiency and effectiveness when managing contracts. By using AI-powered analytics, they can identify risks and opportunities within contracts quickly and accurately, which saves time and reduces the chances of costly mistakes. LinkSquares provides real-time visibility into contract data, ensuring that legal teams have access to the information they need when they need it. LinkSquares is also secure, with enterprise-level encryption and compliance certifications.

Alternatives

While Linksquares offers an advanced AI tool for streamlining contract management, there are a few notable alternatives worth considering:

Icertis

Icertis is an AI-powered contract management solution similar to Linksquares, which provides a customizable and intelligent platform for managing contracts across a variety of industries. With a focus on standardized workflows, user-friendly dashboards, and contract analytics, Icertis is a popular choice for businesses of all sizes.

ContractWorks

Another option for contract management is ContractWorks, a cloud-based solution offering powerful AI capabilities alongside collaboration tools, integrated e-signature capabilities, and visual dashboards. What sets ContractWorks apart from other providers is its flexible pricing model, which caters to businesses of all sizes and budgets.

ContractPodAi

For a more expansive and comprehensive AI-driven contract management platform, ContractPodAi is a good alternative to Linksquares. With sophisticated natural language processing and deep learning algorithms, ContractPodAi offers features like automated contract drafting, revision control, and analytic insights, making it a wise pick for enterprises with intricate and complex contract needs.

CobbleStone Software

CobbleStone Software focuses on robust contract and vendor management through advanced AI-powered contract analysis, lifecycle management, and process automation. With modules for tracking renewals, compliance, spend, and risk, CobbleStone is a versatile solution suited for mid-market to large businesses looking to gain more control over their contract management workflows.

Precisely

Precisely is an AI-driven contract automation solution that streamlines everything from drafting and review, to management and negotiation. Its feature set includes an easy-to-use interface, flexible templates, automated workflows and notifications, and detailed analytics and reporting, positioning it as a reliable option for businesses of all sizes.