With enterprise as the company's
fastest-growing segment, key executive hires and new partnerships
continue to drive the company's momentum upmarket and
internationally
SAN
FRANCISCO, June 28, 2024 /PRNewswire/ -- Ironclad,
the leading digital contracting platform for modern businesses,
today announced the addition of Michel
Feaster, former Chief Product Officer for Research at
Qualtrics, as its Chief Product Officer.
Feaster joins as a seasoned product strategist and enterprise
software executive with nearly two decades of experience. As the
former co-founder and CEO of Usermind, she created the customer
journey orchestration category and established Usermind as the
clear leader. Usermind was acquired by Qualtrics in 2021, where
Michel served as the Chief Product Officer for Research.
Michel joins at a time when the company has seen rapid growth in
enterprise users, due in large part to adding a Chief Revenue
Officer, Jeremy Smith, to its
leadership team last year. Smith, who most recently served as CRO
at LaunchDarkly, and previously held leadership positions at
companies like Flexport, ServiceNow, and Dell, has been critical to
the company's momentum over the past year—resulting in enterprise
being the fastest-growing segment of users year over year. Feaster
joins a bench of enterprise-minded C-suites with executive
experience at companies like Twilio, Google, Salesforce, Zendesk,
eBay, and Hootsuite.
"We've been laser-focused on building the most usable, impactful
enterprise software on the market," said Jason Boehmig, CEO and co-founder of Ironclad.
"Enterprises are completing contracts up to 20 times faster when
they use Ironclad. The deep product and go-to-market expertise
brought by Michel and Jeremy will help us take that efficiency to
new heights."
"Ironclad is the rare enterprise-grade product that is both
powerful yet easy-to-use," said Feaster. "They're also bringing AI
to the industry in a way that is going to fundamentally change how
companies interact not just with their contracts, but with the data
and processes that support them. I couldn't be more excited to join
Jason, Cai, and the rest of the team and be a part of this
journey."
Ironclad brings speed and efficiency to enterprise
contracting
Ironclad helps enterprise companies like
Salesforce, Hubspot, and Zoom increase the speed and velocity with
which they create, execute, and manage contracts. After 6 months of
use, enterprise companies using Ironclad see a dramatic spike in
productivity—averaging a 215% increase in workflows launched,
completing those contracts 45% faster, and reducing the back and
forth during contract negotiations by 25%.
Ironclad offers a comprehensive, standalone solution to speed up
and streamline the entire contract lifecycle—from contract
digitization and drafting to negotiation, analytics and
visualization, signature, and, ultimately, management. Ironclad
uses AI at every step of the contract lifecycle to generate and
harness data, ingest and tag high-volume contract data, analyze and
visualize that data, and connect it to the rest of the enterprise's
technology stack.
"Contracting is at the core of every business and underpins
every relationship across the enterprise—from sales to procurement
to HR and beyond," said Smith. "The market for such a complex and
ubiquitous challenge is massive and is one that Ironclad is poised
to win. Ironclad's diverse set of customers—from enterprise giants
like Salesforce and Cisco to consumer household names like L'Oréal,
demonstrates the level at which this company is operating."
Ironclad expands partnerships with strategic KPMG Law
Alliance
Earlier this month, Ironclad also announced a
strategic alliance with KPMG Law, a global legal services provider,
to help organizations across EMA regions transform their contract
lifecycle management processes. KPMG Law's Legal Operations
Transformation Services (LOTS) team and contracting consulting
divisions will assist joint clients in accelerating time to value,
maximizing Ironclad's generative AI offerings, and surfacing
business insights from contract data.
"We are incredibly proud to partner with Ironclad to bring its
market-leading, AI-powered contracting technology to our clients in
the UK and EMA regions," said Nicola
Brooks, Partner at KPMG Law and Head of Legal
Transformation, who leads KPMG's Legal consulting and technology
team. "Contracts are core to every business worldwide, and our
clients, who range from mid-market to large-scale enterprises, can
reap the benefits of faster contracting cycles, unified contracting
data and analytics, scaled compliance, and more."
Ironclad is also a Salesforce AppExchange ISV partner, offering
a robust integration that allows users to effortlessly manage
contracts within Salesforce and get a holistic view of contract
data alongside customer relationship data. Within its Salesforce
integration, Ironclad is the only CLM to offer Multi-Org
Capabilities, allowing enterprises to easily connect all their
Salesforce orgs under one unified Ironclad instance. The company
also announced Two-Way Sync, a bi-directional synchronization that
allows users to view real-time negotiation and contract data
directly within Salesforce.
About Ironclad
Ironclad is the #1 contract lifecycle
management platform for innovative companies, powering billions of
contracts every year. Salesforce, L'Oréal, OpenAI, and other
leading innovators use Ironclad to collaborate and negotiate on
contracts, accelerate contracting while maintaining compliance, and
turn contracts into critical carriers of operational business
intelligence. It's the only platform flexible enough to handle
every type of contract workflow, whether a sales agreement, an HR
agreement or a complex NDA. The company is backed by leading
investors like Accel, Sequoia, Y Combinator, and BOND. For more
information, visit www.ironcladapp.com or follow us on LinkedIn and
X.
Contact:
Paul Chalker
paul.chalker@ironcladhq.com
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SOURCE Ironclad Inc.