SimpliContract

AI-powered contract management for enterprise teams

Product Overview

SimpliContract is an AI-powered Contract Lifecycle Management (CLM) platform designed to transform static contracts into actionable intelligence. It offers three integrated modules: Contract Intelligence, Contract Performance Management, and Contract Orchestration, all powered by the proprietary mNemoAI engine. These modules provide deep visibility into contract data, ensure compliance, and automate workflows to enhance efficiency across procurement, legal, finance, and operations teams.

Features

AI extraction of clauses, obligations, pricing, SLAs, and renewals
Mapping of MSAs, SOWs, POs, and amendments across suppliers
Multi-entity search with filters by category, region, vendor, term, or obligation
Risk scoring, deviation detection, and fallback recommendations
Real-time tracking of SLAs, KPIs, rebates, discounts, and penalties
Contract-to-invoice and contract-to-rate reconciliation
Automated identification of overbilling, leakage, and missed thresholds
Supplier risk alerts, compliance monitoring, and performance dashboards
AI-generated drafts, redlines, summaries, and deviation flags
Dynamic approvals based on value, risk, geography, or contract type
Self-serve contracting for business users with embedded guardrails
Real-time collaboration with counterparties
Audit-ready governance, version control, and workflow automation

Funding History

Series A

$3.5M

April 2023

Emergent VenturesKalaari CapitalPicus CapitalFoster VenturesLeslie VenturesSentinel Ventures

Seed

$1.8M

June 2021

Kalaari CapitalPicus CapitalArka Venture Labs