ContractPodAi Partners with PwC UK and TLB to Bring Standardized Data Processing Agreements (DPA) to In-House Legal Teams Through the ContractPodAi Platform

With ever-changing data protection regulations across the globe, it is increasingly challenging and time-consuming for legal teams to keep up with changes.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, July 26, 2022
Information
Tags: 
Professional Services, Technology, Legal, Software, Consulting, Artificial Intelligence, Banking, Well, Cloud, Time, View, DPA Microphones, Salesforce, CEO, Partnership, CLM, Hand, DPA, Contract lifecycle management, Friction, Microsoft, TLB, Review, COO, PricewaterhouseCoopers, Technology, DocuSign, Lawyer, Efficiency, Google, Contract, Automation, AI, IBM, Risk management, Interior design
Geotags: 
UNITED KINGDOM, EUROPE, CHICAGO, NEW YORK, LONDON
⚠ generated by AI ↴
Organisation: 
CONTRACTPODAI
Summary
Key Points: 
  • With ever-changing data protection regulations across the globe, it is increasingly challenging and time-consuming for legal teams to keep up with changes.
  • In response, the Claustack community came together to create a standardized DPA which takes into account data protection laws in various jurisdictions to ensure its globally applicable.
  • As a result, oneDPA was created which reduces the amount of time and cost legal departments spend on DPAs.
  • ContractPodAi is the recipient of several awards and has been named a Visionary in the 2021 Gartner Magic Quadrant report for Contract Lifecycle Management.


ContractPodAi, the award-winning provider of the AI-powered, contract lifecycle management (CLM) product and ‘One Legal Platform,’ today announced that oneDPA, a standardized open-source data processing agreement (DPA), created in partnership with TLB, PwC UK, and the greater Claustack Community is now freely available through ContractPodAi here: https://contractpodai.com/onedpa/.

With ever-changing data protection regulations across the globe, it is increasingly challenging and time-consuming for legal teams to keep up with changes. In response, the Claustack community came together to create a standardized DPA which takes into account data protection laws in various jurisdictions to ensure it’s globally applicable.

On participating in the oneDPA SteerCo, Darryl Chiang, Director, Legal at Google said, “I wanted to be a part of the growing community of lawyers championing open-source contracts as the key to a better future where a broad spectrum of companies can proactively agree to fair, friction-free terms to both comply with the law and get business done.”

As a result, oneDPA was created which reduces the amount of time and cost legal departments spend on DPAs.

“The importance of standardization within the legal industry should not be underestimated. Beyond the huge time and cost savings it brings with it, in the age of the CLM, standardization works hand in hand with legal technology to benefit the legal sector through greater optimization,” said Roisin Noonan, COO of TLB and co-founder of Claustack.

Now, anyone needing to customize oneDPA can do so on the ContractPodAi platform in minutes. Through ContractPodAi’s logic-driven template you will receive a oneDPA that meets your requirements and adheres to regulations.

“Through this oneDPA initiative, we’re providing customers with true standardization plus technology enablement,” said Sarvarth Misra, CEO and co-founder of ContractPodAi. “Pairing our award-winning CLM platform with the power of oneDPA’s standardized, peer-reviewed template will be a powerful tool for legal teams looking to drive automation, efficiency, and reduce friction throughout the contracting process.”

“Businesses around the world are figuring out the best way to adhere to an influx of data privacy regulations, and through oneDPA built on expertise and technology from TLB, ContractPodAi, and PwC UK, legal teams can easily manage a high volume of these agreements with automation guiding the whole process. This technology complements the overall process of intake, collaboration, and resolution, making it easier and more streamlined for teams to respond and adhere to new regulations,” said Graham Edwards, PwC NewLaw – Senior Transformation Lead.

To learn more about oneDPA and this free offering on ContractPodAi, please visit https://contractpodai.com/create-onedpa/.

Find out more about the wider oneDPA initiative on Claustack.

About ContractPodAi:

Well-established as a leader in end-to-end contract lifecycle management, ContractPodAi harnesses AI for leading corporations around the world. Now, the platform’s robust, intuitive, and easy-to-use capabilities have been extended to handle the entire, end-to-end legal lifecycle – any use-case, any document type, any scenario. ContractPodAi’s ‘One Legal Platform’ makes it easier for legal teams to expedite issues and author and review contracts so they can add more strategic value and proactively protect the business.

ContractPodAi Cloud amplifies your business’s readiness through our partnerships with complementary technology providers including IBM, Microsoft, DocuSign, and Salesforce. ContractPodAi® is headquartered in London and has global offices in New York, Glasgow, Chicago, Sydney, Mumbai, and Toronto. ContractPodAi is the recipient of several awards and has been named a Visionary in the 2021 Gartner Magic Quadrant report for Contract Lifecycle Management.

Learn more about ContractPodAi at: https://contractpodai.com

Copyright: 
Copyright Business Wire 2022