|What problem are you solving?
|More than 20,000 companies in 110 countries and tens of thousands of users, from startups to Fortune 1,000 companies, are already using the Concord platform to improve the speed of approving and signing contracts. In addition to saving time, the contract success platform saves companies money and leads to significant improvements in compliance. Concord’s users are finding that signatures are obtained 5 times faster, contract approvals and negotiations are sped up by 70%, and compliance requirements are improved by 90%.
Moreover, 85% of users state that Concord improves their image and relationships with their counter-parties.“The contract management space is one of the last business processes that haven’t been automated yet, and companies are spending $153 billion a year on inefficient and expensive enterprise systems to negotiate, sign, and manage contracts,” said Bobby Yazdani, founder and general partner at Cota Capital and investor in Concord.
|What is your solution?
|Concord is a free cloud-based contract lifecycle management solution that’s changing the way the world is creating, negotiating, signing, and managing contracts. We provide unlimited e-signatures and unlimited contract storage for an unlimited number of users in all types of businesses and industries — from freelancers to multinational corporations.
Concord is simple to use and includes online collaboration, deadline alerts, track changes, and more. Our users are finding that signatures are obtained 5 times faster, contract approvals and negotiations are sped up by 70%, and compliance requirements are improved by 90%. We’re on a mission to make sure no one has to manually manage contracts ever again.
|How will you make money?
|Freemium, free e-signature and contract management, standard
|Tell us about the market & founders, why is this a great opportunity?
|Matt Lhoumeau is the Cofounder & CEO of Concord. Before founding Concord, Matt Lhoumeau worked with the CEOs of Iliad and RATP, Europe’s main telecommunication and public transport operators. Concord is Matt’s second company; he founded one of the main video game websites in Europe at the age of 17. Matt holds four different master’s degrees in business, political sciences, international affairs, and Japanese from Europe’s most prestigious schools, Sciences Po, HEC Paris, and INALCO.Florian
Parain is the Cofounder & CTO of Concord. Florian Parain is an engineer and an information systems expert. Like Matt, Concord is Florian’s second company; Florian cofounded a leading French children’s literature website at the age of 16. Florian earned his engineering master’s degree from France’s top school Centrale-Supelec, he also holds a master’s degree in business from HEC Paris.