Case Study: Cloud Academy achieves faster contract reviews and better contract management with SpeedLegal

How Cloud Academy Uses CMS And Risk Analysis To Manage Their Contracts

Cloud Academy, a SaaS company, faced significant challenges in managing its growing volume of contracts. Their manual review process for agreements like MSAs was slow, taking a minimum of three days per contract, and led to lengthy negotiations. They needed a better way to manage contracts and identify risks without relying on expensive outside counsel and inefficient tools. This led them to seek a solution from SpeedLegal.

SpeedLegal provided a holistic solution with its Contract Management System (CMS) and risk analysis features, including the Red Flag Table™. This allowed Cloud Academy to automate reviews, store all contracts in a central repository, and receive automatic reminders for key dates. As a result, they reduced contract review time from three days to one, closing deals three times faster and saving an estimated $134,000 in outside counsel costs. SpeedLegal enabled them to streamline their entire legal process.

Cloud Academy

Serena Rossetti

VP of Finance