Freshworks: 30% Reduction in Negotiation Time

Implementing TermScout

Commercial counsels at leading organizations, like Freshworks, are using TermScout's Certify™ license and Verified™ market database to promote their balanced contract terms, improving collaboration with sales teams and building trust with counterparties.

The use of TermScout helps validate their contracts as market-compliant, leading to significant benefits such as a drastic decrease in deal friction, improved closure times, and up to 30% reduction in redlining and negotiations.

The ultimate goal is to have standard contract terms accepted without negotiation, much like an app store purchase, which would reduce transaction costs, expedite deal completion, decrease legal spending, and minimize contract value leakage.