Conga to acquire Contract Wrangler
Conga, a global provider in commercial and revenue operations transformation, is acquiring Contract Wrangler, a leader in applying AI and ML to understand the terms and obligations in contracts.
With this move, companies of all sizes will be able to holistically manage all of their contracts, whether on the company’s or third-party paper, to manage risk while optimizing revenues, according to the vendor.
Conga offers a complete suite of revenue contract management capabilities spanning document creation, contract and lifecycle management, and configure, price, and quote capabilities that work to automate and manage complete Revenue Operations processes.
Conga will bring Contract Wrangler to market as Conga Contract Intelligence. Conga Contract Intelligence will be sold standalone and as a value-added capability to Conga’s existing Contract and Lifecycle Management (CLM) solutions.
“With our acquisition of Contract Wrangler, we’re extending our leadership in helping companies manage their revenue contracts, “ said Conga CEO and culture leader Noel Goggin. “Together, we’ll empower companies to manage risk, compliance and obligations, while maximizing their revenue potential.“
Leading brands such as Lucidchart, Zscaler, and HomeLight rely on Contract Wrangler to uncover actionable insights across all their contracts. Over the past five years, Contract Wrangler has experienced strong growth as a gained reputation for unparalleled accuracy.
Contract Wrangler ingests all of a company’s contracts, whether they be on the company’s or third-party paper. Once ingested into the Contract Wrangler platform, it applies machine learning and Attorney-in-the-Loop verification to accurately extract and organize all of the key terms and clauses from the contracts. The Contract Wrangler platform then provides an intuitive interface to operationalize the insights, allowing the company to act on critical dates, terms and clauses to capture opportunities, meet obligations, control spend and mitigate risks.
For more information about this news, visit www.conga.com.