Accord - Contract Negotiation Platform

Accord revolutionizes how legal teams handle contract negotiations by combining AI-powered analysis and editing of contracts with aggregate reporting tools for compliance and tracking.

Challenge

Enterprise legal teams at private equity firms were struggling with fragmented tools, manual processes, and lack of visibility into contract negotiations, resulting in delays and increased costs.

Approach

User Research & Discovery

Conducted interviews with legal and private equity professionals, analyzed existing workflows, and identified key pain points in contract negotiation processes.

Strategy Development

Created comprehensive product strategy aligned with both user needs and business objectives, focusing on automation and collaboration features.

MVP Development

Took a co-development approach, working with 12 of our private equity customers to develop a solution highly-tailored to their needs. Led agile development of core features including AI summarization of contracts and iterations on AI negotiation tools.

Impact & Outcomes

Reduced contract negotiation time by 67%
Decreased new employee onboarding time by 50%
Sold first license of new software before launch, evidencing the high demand for our solution.