AI-Powered Contract Platform, Contractify, Earns Industry Award for Innovation

Brussels, Belgium – November 13, 2025 – Contractify, a European provider of AI-powered contract lifecycle management (CLM) software, has been awarded the ‘Contract Management Solution Provider of the Year’ by LegalTech Breakthrough, a leading independent market intelligence organization. The award recognizes Contractify’s innovative approach to automating and streamlining contract processes, particularly through its AI assistant, ADA.

Contractify's platform stands out in a competitive landscape increasingly dominated by the demand for intelligent automation within legal operations. The company has positioned itself as a key player in the shift towards enterprise-wide CLM solutions, moving beyond fragmented, department-specific approaches.

Addressing the Challenges of Modern Contract Management

Modern businesses grapple with a rising volume of contracts, demanding significant time and resources for negotiation, review, and compliance. Traditional contract management methods are often manual, error-prone, and slow, hindering efficiency and increasing risk. According to industry analysts, AI integration is no longer a differentiating factor, but a necessity for CLM platforms.

“The complexity of modern contracts demands a smarter approach,” explains a legal operations professional with a Fortune 500 company. “We needed a solution that could not only manage our existing contracts but also proactively identify risks and ensure compliance.”

Contractify’s ADA addresses these challenges by leveraging artificial intelligence to automate key tasks throughout the contract lifecycle. The platform aims to accelerate contract registration, automate data extraction, and reduce the risk of errors, ultimately freeing legal teams to focus on higher-value strategic work.

The Power of ADA: AI at the Heart of Contractify’s Innovation

Launched in 2022, ADA, Contractify’s AI assistant, is central to the company’s success. While specific technical details regarding ADA’s algorithms remain proprietary, the platform reportedly accelerates contract analysis and streamlines workflows. The company claims ADA can register contracts three times faster than traditional methods.

“We saw an opportunity to revolutionize contract management by combining a user-friendly interface with the power of AI,” said a Contractify spokesperson. “ADA isn’t meant to replace legal professionals, but rather to empower them by automating repetitive tasks and providing valuable insights.”

Experts suggest ADA’s capabilities align with broader trends in AI-powered contract review, which include accelerated analysis, improved accuracy, and automated task completion. These capabilities address the growing demands for efficiency and risk mitigation in today’s complex legal environment.

A Competitive Landscape and the Rise of Intelligent Automation

The contract management software market is increasingly competitive, with established players like Ironclad, Conga, and Agiloft vying for market share. Several alternative solutions also offer robust features, and new AI-powered contract review tools are emerging rapidly.

“The market is crowded, but there’s a clear differentiation between platforms that simply digitize existing processes and those that truly leverage AI to transform contract management,” notes a CLM analyst. “Contractify has successfully positioned itself in the latter category.”

Analysts point to the growing demand for CLM solutions that integrate seamlessly with other enterprise systems, such as CRM and ERP platforms. Contractify’s focus on user experience and ease of integration appears to be resonating with customers.

Beyond the Technology: An Ecosystem for Innovation

Contractify is part of Anchr, a European “house of software companies” committed to fostering innovation and supporting the growth of B2B software companies. Anchr provides Contractify with a robust ecosystem of resources, expertise, and investment, enabling the company to accelerate its product development and expand its market reach.

With over 300 employees and a revenue of €47 million in 2024, Anchr demonstrates a commitment to supporting its portfolio companies, including Contractify. The strategic acquisition of Contractify by AXI Group further strengthens Anchr's position in the legal tech sector.

“Being part of the Anchr ecosystem has been invaluable,” stated a Contractify spokesperson. “It provides us with the resources and support we need to push the boundaries of innovation in contract management.”

Looking Ahead: The Future of Contract Management

The legal tech industry is poised for continued growth, driven by the increasing demand for efficiency, automation, and risk mitigation. AI is expected to play an increasingly prominent role in shaping the future of contract management, enabling businesses to unlock the full potential of their contractual agreements.

Contractify’s commitment to innovation and its focus on providing a user-friendly, AI-powered platform position the company for continued success. As businesses increasingly embrace digital transformation, solutions like Contractify’s will become essential for navigating the complexities of modern contract management.

“We are excited about the future of contract management and the opportunity to empower businesses with intelligent, automated solutions,” said a Contractify spokesperson. “We believe that AI has the power to transform the way contracts are managed, and we are committed to leading the way.”