synergist.io is used by procurement departments, commercial teams and alternative legal service providers to execute high-volumes of recurring contracts with minimal effort. We provide a centralised and transparent workflow that is optimised for automating the negotiation of contract terms -- the most tedious and unpredictable step in the process.
Users can manage increasing volumes of contracts required to onboard suppliers or close new business, all with minimal involvement from legal. They’re guided step-by-step through the process and are empowered to negotiate where necessary, within safe boundaries and using terms that have been pre-approved by their legal team.
2. What would happen if you
increased productivity of
your legal team by 50%?
3. One client shortened completion time
on contracting projects by 3.5 weeks
7.5 weeks (using synergist)
5 weeks (using synergist)
9.5 weeks (using a manual process)
Small Bank
Midsize Bank
Large Bank
Weeks taken for 3 lawyers to execute 100 Contracts
4 80 12
Source: GDPR remediation projects run by a UK-based ALSP in 2018
5. On a good day I could respond to 30
contracts manually but with synergist
I could respond to over 200.“
- Junior Lawyer
ALSP
… and their team were
significantly more responsive.
6. This was done using technology-enabled
legal services on synergist
7. $ Today 5X Less
Cost to review contracts for M&A due diligence
+
$$$$$ Two years ago
Automation creates price competition and clients
expect automated prices for previously manual work.
8. RFP from Global Top 10 Telco RFP from Global Top 30 Consultancy
RFP from UK Top 50 Insurer
Automated negotiation is rapidly
becoming a must-have above and beyond CLM.
9. Extract Send, Negotiate & Approve
Contracts sent manually
Ad-hoc negotiations
No risk management
Store
Without automated negotiation,
contracting projects are resource-intensive.
Draft Sign
10. Send, Negotiate & ApproveExtract StoreDraft Sign
With automated negotiation,
contracting projects are automated and efficient.
11. Send, Negotiate & ApproveExtract StoreDraft Sign
Kira
RAVN
eBrevia
ContractExpress
HotDocs
KIM
DocuSign
HelloSign
AdobeSign
Sharepoint
iManage
HighQ
synergist
Bold = Native Integration
Unlike CLM platforms, synergist integrates
existing tools for a best-of-breed workflow
12. We really love your service but we
can’t continue to spend $1,000
an hour to negotiate our NDAs.“
- General Counsel
synergist allows you to compete on price
and differentiate with incremental value.
13. Draft Send, Negotiate & Sign
Team 1
Team 2
Team 3
Team 4 DOCX
DOCX
Store & Manage
DOCX
MANUAL
Existing processes are complex, inefficient
and rely on multiple vendors.
14. Draft E-SignSend & Negotiate
Team 1
Team 2
Team 3
Team 4
Store & Manage
Contract
Data
Optimise
AI
Analysis
WORD
synergist integrates with your existing contract process
WORD
15. Your workflow is managed centrally,
negotiation is enforced via playbooks
and reports are generated in real-time.
Streamlined Workflow New Contract InsightsIntegrated Playbook
16. synergist has been developed around the
needs of legal and contracting professionals.
17. synergist helps us win new clients
with a transparent and efficient
contracting process.“
- Chief Operating Officer
Law Firm
18. “Our Senior Partners believe we’ll
soon do the majority of our
volume work on synergist“
- Head of Innovation
Another Law Firm
19. How can you begin to
automate your legal services?
20. + Consulting
Comprehensive audit
of existing workflow
+ Customization
Fine-tuning to your
existing workflow
+ Technical Support
Dedicated product &
engineering support
Unlimited Use License
Full functionality for your project duration
An automated contracting project with synergist includes:
No Risk: Achieve your desired efficiency gains or terminate for convenience
21. A proven five step process to reaching your desired ROI.
1 2Months 3 4 5 9
Consult
Workflow Audit
Implement
Fine-tune to Workflow
Monitored Rollout
Unlimited Use + Dedicated Support
Measure
ROI Analysis
Train
PoC User Training
6 7 8
Business-as-Usual
Transition to full self-service
ROI Realization
Risk-free: Terminate for Convenience
1
2
3
4
5
23. Contracting Workflow on synergistAI Extraction
Define criteria to identify
Non-compliant Contracts
Define Amendment
Terms
Amendment
Ready for Execution
Sign Amendments
via e-Signature
2. Prepare 3. Outreach 4. Negotiate 5. Sign
Escalation point for
Non-standard Objections
Standard objection
Resolve via playbook
Non-standard objection
Escalate for review
Terms Agreed
No changes required
Quality Review
prior to execution
Client
ALSP/Law Firm
ALSP
Contract
Database
Signed Amendments, Meta Data & Negotiation History stored in Contract Database
1. Extract
Identify Non-compliant
Contracts using AI
Automatically generate
Draft Amendments
Send Amendments
to Counterparties
Doc Assembly or RPA
2. Implement involves creating a tech-enabled
workflow for high-volume contracting
24. 3. Train provides knowledge transfer to
new users for online, automated contracting.
25. 3. Train provides knowledge transfer to
new users for online, automated contracting.
26. 4. Implement is designed to build trust with
legal and deliver self-service to the business.
Example
Project
Plan
27. 0
500
1000
1500
2000
€M
€50M
€100M
€150M
€200M
€250M
Year 1 Year 2 Year 3 Year 4 Year 5
* Calculated based on users negotiating 2 contracts per week, saving on average 6 hours. Year 1 with 155 users and growing to 1,800 users in year 4 + 5. Resource cost €180 / hour.
Time to contract is reduced on average 34% - 46% with synergist
Productivity
Savings
Cost of Synergist
User count
5. Measure creates a path for clients to
realise significant productivity savings
Payback period
28. At synergist, we envisage clients closing
95% of their contracts autonomously.
Your team can then dedicate time to the
5% of transactions that really matter.
95/5