Chairman of the Board
Director of Emergency Response Centre Services of Finland (112), Member of the Board, ERC Administration
Member of the Board
Partner, Head of the Technology Team, Borenius Attorneys
Member of the Board
CEO, Suuruspää Real Estate Development Company
We have worked with corporate governance and contract management in various companies. What we saw was how current document and contract management solutions fail to address modern governance and business needs. Business-critical documents are often misplaced or lost and critical dates are forgotten, leading to missed business opportunities and profits, extra governance work for executive, legal and administrative personnel. All this also increases corporate risks of non-compliance and due diligence failures.
The Challenge and the Solution
We saw it clearly that well organized corporate governance requires a cleverly set up repository for not just contracts, but also board meeting materials and key financial and administrative documents must be easily available. Large corporations invest lots of time and money to create the comprehensive “ERP systems”. This requires hiring professional contract managers, yet these investments have brought mixed results. We’ve found that a modern solution must be as easy and inexpensive as using e-mail, or it won’t get used.
We embrace the technology-enabled disruption
We founded ContractZen in 2014 in our hometown, the startup hub Helsinki in Finland. Luckily the timing was right as the technology development was on our side in this mission. Advanced cloud, metadata and UI technologies made it possible to build a genuinely easy-to-use, reasonably-priced and secure corporate governance and contract management service that fits both enterprises and small-medium sized businesses. The functionality and design of the service was done together with our clients, so they did the validation against the real business needs.
Customer success with the concept
The system has been live with paying customers since July 2015. We are getting new users every day and we are closely co-operating with the customer community, as we believe that the best services are built together with the actual users.
Our concept was strong from the start and got quickly funded by private investors with background in business and law as well as the Finnish Tekes Innovation Fund that has funded successes such as Supercell, Rovio and F-Secure.
We aim is to unleash the true value of companies of all sizes across the globe by helping them to resolve their governance and contract hassle, reduce costs and speed up their processes with our innovative service. We thrive to make the lives of executive, legal and administrative personnel easier, more effective and less stressful.
Our warmest thanks go to all our customers and partners!
Markus & Riitta