Why we’re building CLM 3.0
Speed has become a lot more than just a competitive advantage. Today, it’s crucial for survival.
Think about it: companies rise and fall 3x faster than in our parents’ day. So why are so many companies moving at the pace of 1990?
We’ve seen this shift firsthand over the past 10 years. The signs are everywhere:
- 90% of NDAs and vendor agreements now get signed without a single edit, or any negotiation
- 40% of companies are now outsourcing routing legal work
- CFOs, not the Legal team, are increasingly owning contracts
That’s why, at Concord, we’re building CLM 3.0: a platform that puts contracts back in the heart of your operations, where they belong.
What does this mean for you? Depends who you are:
- For Legal: You get to focus on driving strategy and providing guidance, instead of babysitting v15 of a standard agreement.
- For Sales: You close when you need to close. No more deals dying in the review stage.
- For Ops and Procurement: Your contracts become valuable sources of business intel, showing you exactly where every dollar goes, so you can optimize vendor relationships with surgical precision.
This isn’t the near future — it’s happening right now. And the winners will be companies that unlock the data in their contracts, turning agreements from roadblocks into rocket fuel.
So what about you? Do you want to keep managing contracts like it’s 1990? Or are you ready to join the future?
Matt Lhoumeau is the CEO and co-founder of Concord, a leading provider of Agreement Intelligence solutions. Concord empowers growing businesses to make smarter operational decisions by unlocking actionable insights from contracts, and is trusted by over 1,500 companies worldwide.
