News & Views
Conga buys Contact Wrangler
To accelerate its growth and expansion in helping companies transform their commercial operations, global leader in commercial and revenue operations transformation Conga (www.conga.com) acquires Contract Wrangler, a leader in applying AI and ML to understand the terms and obligations in contracts that impact revenue, risk and cost once the contract is executed.
“With our acquisition of Contract Wrangler, we’re extending our leadership in helping companies manage their revenue contracts,” says Noel Goggin, Conga’s CEO and culture leader. “Together, we’ll empower companies to manage risk, compliance and obligations, while maximising their revenue potential.”
“Contract Wrangler’s ability to help companies gain actionable insights from all their contracts is unparalleled and a perfect complement to the Conga commercial and revenue operations solutions,” comments John Gengarella, CEO of Contract Wrangler. “With Conga’s global go-to-market and services capabilities, we’ll have an incredible opportunity to accelerate our growth as part of a market leader.”
“We are delighted to bring customers a fully integrated, native, AI-based contract ingestion capability,” adds Conga’s Chief Product Officer Grant Peterson. “Giving customers the option to quickly and accurately ingest their contract legacy will fuel renewals, facilitate search, enable risk analysis and expand the value of our contract lifecycle management product family.”
Conga is the leader in managing contracts end-to-end, streamlining contract and lifecycle management for efficiency and insights. With contracts being critical to every business, it has become essential to transform manual and disjointed processes to improve employee and customer experiences, increase accuracy, speed cycle times and lower risk.
Contract Wrangler ingests all 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 organise all 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.
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.