• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Advertisement
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

    5 Ways To Promote Your Mobile App In A Smarter Way

    Get-Your-App-The-Most-Downloads-On-The-Apple-App-Store-Appedus

    How To Get Your App The Most Downloads On The Apple App Store

    Upcoming-App-Events-in-2023-Appedus

    Upcoming App Events in 2023

    Why-Mobile-Marketing-is-The-Future--Appedus

    Why Mobile Marketing is The Future?

    Trending Tags

      • App Store Optimisation
      • App User Engagement
      • App Push Notifications
      • App Onboarding
      • App Analytics
    • App Design
    • App Reviews
      • All
      • Books & Reference
      • Business
      • Dating
      • Education
      • Finance
      • Fitness
      • Food & Drink
      • Health
      • iOS apps
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
      • Utilities
      • Video Editing
      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      The-top-ten-mobile-apps-all-travellers-should-use-appedus

      The top ten mobile apps all travelers should use

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

      What To Do If Your Cell Phone Is Lost or Stolen

      Free-Android-Meme-Maker-Appedus

      5 Best Free Android Meme Maker

      Zerodha Kite App Review

      Zerodha Kite App Review: A great way to start investing

      Crello App Review

      Crello App Review 2022 | An Attractive Editing Tool

      8fit App Review

      8fit App Review 2022 | Workouts and Meal Planner

      Trending Tags

      • Travel
      • fitness
      • Video Editing app
      • Utilities
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
    • App Events
    • Exclusive
    • Home
    • App Development
    • App Marketing
      • All
      • App Onboarding
      • App Store Optimisation
      • App User Engagement
      • Push Notifications
      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      Get-Your-App-The-Most-Downloads-On-The-Apple-App-Store-Appedus

      How To Get Your App The Most Downloads On The Apple App Store

      Upcoming-App-Events-in-2023-Appedus

      Upcoming App Events in 2023

      Why-Mobile-Marketing-is-The-Future--Appedus

      Why Mobile Marketing is The Future?

      Trending Tags

        • App Store Optimisation
        • App User Engagement
        • App Push Notifications
        • App Onboarding
        • App Analytics
      • App Design
      • App Reviews
        • All
        • Books & Reference
        • Business
        • Dating
        • Education
        • Finance
        • Fitness
        • Food & Drink
        • Health
        • iOS apps
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
        • Utilities
        • Video Editing
        6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

        6 Best iOS Productivity Apps You Can’t Live Without

        7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

        7 Reasons Why Every Business Should Be Mobile-Friendly

        The-top-ten-mobile-apps-all-travellers-should-use-appedus

        The top ten mobile apps all travelers should use

        5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

        5 Ways To Promote Your Mobile App In A Smarter Way

        What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

        What To Do If Your Cell Phone Is Lost or Stolen

        Free-Android-Meme-Maker-Appedus

        5 Best Free Android Meme Maker

        Zerodha Kite App Review

        Zerodha Kite App Review: A great way to start investing

        Crello App Review

        Crello App Review 2022 | An Attractive Editing Tool

        8fit App Review

        8fit App Review 2022 | Workouts and Meal Planner

        Trending Tags

        • Travel
        • fitness
        • Video Editing app
        • Utilities
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
      • App Events
      • Exclusive
      No Result
      View All Result
      Mobile App Development | Design | Marketing Magazine: Appedus
      No Result
      View All Result
      Home Featured

      Malbek, an AI-powered contract management platform, lands $15.3M

      Malbek’s modern solution is trusted by Fortune 500 customers and other large enterprise teams, as well as many small to mid-sized high-growth organisations,

      by Editorial Team
      September 29, 2021
      in Featured, Funding, News-Curated
      Reading Time: 3 mins read
      0
      malbek
      Share on FacebookShare on Twitter

      Main Highlights

      • Malbek, a contract lifecycle management business, has raised $15.3 million in a Series A fundraising round.
      • According to CEO Hemanth Puttaswamy, the financing will be utilized to assist product development and expansion, bringing the company’s total raised to over $20 million.
      • The company uses artificial intelligence to automate contract procedures in sales, finance, procurement, and other departments.
      • Malbek simplifies and expedites the contract authoring process.

      Malbek, a contract lifecycle management business, has raised $15.3 million in a Series A fundraising round led by Noro-Moseley Partners, with TDF Ventures and Osage Venture Partners also participating. According to CEO Hemanth Puttaswamy, the financing will be utilized to assist product development and expansion, bringing the company’s total raised to over $20 million.

      Companies are realizing the importance of contract management systems, which had a market value of $1.5 billion in 2019. Companies that do not implement these measures risk losing about 5% of their revenue after signing a contract, according to Goldman Sachs. According to PricewaterhouseCoopers, employing automated contract management systems to increase accuracy and compliance can save businesses up to 2% of their annual costs.

      The company is based in Somerset, New Jersey. Brian Madocks, Puttaswamy, Madhusudan Poolu, and Matt Patel started Malbek in 2017. The company uses artificial intelligence to automate contract procedures in sales, finance, procurement, and other departments. Connectors for software from Salesforce, Workday, Slack, Microsoft, and others are available, allowing contract data to move between first- and third-party systems.

      “This investment enables us to empower more business users to gain deeper, more actionable contract data insights, eventually saving businesses significant time, reducing risk, and accelerating top-line revenue,” Puttaswamy said. “Malbek is a tried-and-true next-generation contract lifecycle management solution designed for everyone. He also stated that their modern solution is trusted by Fortune 500 customers and other large enterprise teams, as well as many small to mid-sized high-growth organizations, to unite [different] teams and take the hassle out of the entire contract process, from pre- to post-signature and every step in between.

      Managing contracts

      According to Puttaswamy, Malbek offers a range of tools to assist firms in avoiding contract management problems, which may lose an average of 9.2 percent of revenue yearly. Malbek’s Konnect Integration Marketplace, for example, enables users to link Malbek with business programs using no-code, drag-and-drop software integrations. Lifecycle AI offers suggestions for contract creation, review, negotiation, approval, and milestone management.

      “We utilize Malbek’s contract lifecycle management systems at Momentive to enhance efficiency and free up staff to focus on more important business initiatives,” stated Momentive legal operations head Ewa Hugh. Momentive competes with startups such as Lexicon, LinkSquares, Evisort, Contractbook, and Concord, but it has increased revenues over 500 percent year over year with companies such as Tibco Software, EDF Renewables, Pantheon, and Rothman Orthopaedic Institute.

      According to John Ale of Noro-Moseley Partners, “Malbek leads the way in the customer lifecycle management area, as shown by the company’s sales win rate over other solutions.” “Malbek modernizes real-world contract administration at scale while giving deeper insights into contract data that may otherwise be overlooked during the review.”

      Malbek simplifies and expedites the contract authoring process. To begin, the solution provides automatic clauses as well as pre-approved wording and words from which to choose. Furthermore, AI and analytics assist you in harnessing the potential of data in your contracts. As a consequence, owing to Malbek’s contract management software, it is now feasible to increase contract efficacy.

      It makes contract evaluation and approval more intelligent and adaptable. As a consequence, the proper individuals are involved at every stage of your contracting cycle. Similarly, redlining and version control make it simple to spot modifications, safeguarding the contract’s value. You won’t have to worry about losing track of a contract’s status during the review and approval process.

      Milestone Reminders in Malbek

      Malbek’s built-in search function will change the way you find information. As a result, looking for a contract or a keyword is as straightforward and effective as searching for something on Google. You will never be caught off guard again since milestone management is automated. As a consequence, you no longer have to be concerned about missing a sudden contract commitment or renewal. Risk and costs may rapidly pile up, but Malbek offers contract peace of mind.

      mm

      Editorial Team

      We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

      Next Post
      MFine

      MFine, a digital health startup, raises $48M in Series C round

      Weekly Newsletter

      Top Apps This Week

      Google Now Just Made It Even Easier To Track Your Favorite TV Shows And Movies
      Featured

      Google Now Just Made It Even Easier To Track Your Favorite TV Shows And Movies

      by Editorial
      January 7, 2023

      Today’s announcement by Google of a new feature for their...

      Read more
      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      December 31, 2022
      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      December 26, 2022
      Load More

      About Us

      Mobile App Development | Design | Marketing Magazine: Appedus

      Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

      Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

      Latest Articles & News

      5 Best Android App Development Tools and Platforms

      5 Best Android App Development Tools and Platforms

      January 11, 2023
      How To Be A Good Android Developer

      How To Be A Good Android Developer

      January 10, 2023

      Important Links

      • Guest Post
      • Submit App Review
      • Submit PR
      • Mobile App Marketing
      • Mobile App Reviews | Top Android & iOS app reviews
      • Top Apps
      • Curated News
      • Advertise
      • Contact Us

      Subscribe

      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      No Result
      View All Result
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version