About Our Company
The company has customers in over 30 countries and is owned by leading Finnish and international lawyers and other private investors. Company is also funded by the Finnish Funding Agency for Technology and Innovation, which has funded successes such as Supercell, Rovio and F-Secure. The company has offices in Helsinki and Palo Alto.
Despite Numerous Solutions on the Market:
- Document challenges are robbing organizations of 21.3% of their overall productivity (IDC)
- Poor contract management costs companies a massive 9% of annual revenue (IACCM)
- An average due diligence costs between 50,000 and 100,000 dollars
- Large corporations lose a document every 12 seconds (ForestEthics)
- The average number of contracts per company has increased 20% over the last five years.
We, the founders of ContractZen, have faced the above-mentioned challenges continuously during our working life. We have also worked in several companies that offered different kinds of solutions to these challenges. We witnessed how document and contract management solutions continuously failed to help organizations in managing their contracts and important corporate documents in today’s fast paced business world.
We believe that the operational environment for companies around the world has changed profoundly. Fierce global competition, speed of business, digitalization and growing regulation put enormous pressure on organizational governance. More than 50% of small businesses fail in their first 4 years, and 52% of the Fortune 500 companies have disappeared in the past 15 years.
As a result of this more competitive and regulated environment, organizations have to protect themselves better from risks and at the same time they must be ready to react fast when opportunities arise. Therefore, more and more mergers and acquisitions, joint ventures, partnerships, financing rounds as well as different kinds of audits and other due diligence situations are happening around the world. Companies need to properly manage the critical documents for these due-diligence situations, and it does not help that these assets are often scattered around in different document management systems, CRMs, emails and physical storage locations.
The key question for organizational governance is how to manage risks better and how to ensure trust, agility, speed and the highest possible company valuation in any due diligence situation.
We believe that by combining the latest technologies, a great user experience and human touch, it is possible to offer every organization on the planet an affordable and simple to use enterprise-grade solution to achieve that.
ContractZen is created by entrepreneurs, lawyers and administrative professionals to make every organization ready for due diligence – everyday. We bring peace of mind to executives, investors, and Boards. That’s why our name is ContractZen.
Markus & Riitta
We bring peace of mind to executives, investors, and Boards. That’s why our name is ContractZen.
ContractZen will be known as the company that led the change and created a simple-to-use cloud service that helped tens of thousands of organizations become more agile, more trustworthy, and more valuable.
ContractZen will be the solution organizations around the world turn to for managing their critical documents. A solution that customers recommend to colleagues and friends, employees are proud of, and investors seek for long-term results.
Trust is the belief and confidence in the integrity, reliability and fairness of a person or organization. We believe that trust is the foundation of relationships within our company, with our customers, owners and our community. We believe, that becoming a person of integrity requires a personal quest for truth in all areas of our life. And we believe that trust is the most powerful currency in business.
We, as individuals and as a community, are committed to continuously improve our products, services, and processes, and to take full responsibility of our own work. And even more importantly, we are committed to continuously improve ourselves as professionals and human beings.
We believe that kindness is a key element that shapes how an organization is perceived by employees, customers, and others. Kindness is critical to our ability as people to interact in positive and constructive ways, with confidence and support. And we know what the studies made by world's most trusted organizations (like PwC, Gallup and Deloitte) have found out: kindness fosters trust within an organization, assists in talent recruitment, heightens employee engagement and commitment, fuels learning and innovation, promotes high-quality service and brand loyalty and improves overall business performance.