Contractbook
Founded in Copenhagen in 2017, Contractbook is a leading provider of Contract Lifecycle Management (CLM) solutions.
+30%
Customer retention
20%
Annual company growth
+50k
Revenue
88
Employees
Background
Supported by investors like Tiger Global, Bessemer Venture Partners, and Gradient Ventures, Contractbook serves over 250,000 users across more than 85 countries.
The platform transforms static contracts into a dynamic organizational database, unlocking the full potential of contract data to ensure transparency and facilitate seamless data flow between tools.
Core Features:
Centralized platform to create, sign, store, and manage all contracts.
Quick contract creation using templates or auto-generation based on external data.
Digitization of legal documents and dynamic, shareable templates.
Collaboration tools for inviting colleagues and lawyers to review and manage contracts.
Security features, digital signatures, cloud-based storage, and easy tracking.
Automated reminders for contract renewals with seamless data syncing.
Challenge
Contractbook aimed to address the common issue of missed deadlines and due dates in contract management, leading to financial losses.
By centralizing contracts and transforming them into actionable data, Contractbook helps organizations keep track of important dates, set reminders, and chase commitments.
Elixirator's Role: Initially, Elixirator engineers were engaged in two main capacities:
Augmenting Cross-Functional Teams: Most commonly, Elixirator engineers were integrated into Contractbook's main teams, collaborating on core projects.
Independent Side Projects: Elixirator also worked on less integrated, standalone features.
Great tools that help us
Elixir
Phoenix
LiveView
React.js
GraphQL
Solution
Contractbook began by assigning well-defined projects to Elixirator, with detailed task breakdowns and code reviews handled by Contractbook's core team engineers.
The successful collaboration led to Elixirator engineers becoming an integral part of Contractbook’s teams, participating in research, ideation, planning, and development processes alongside in-house engineers.
Value added by Elixirator:
Elixir Expertise: Elixirator’s proficiency in Elixir, a niche programming language, provided a significant advantage. Contractbook valued this specialized skill set, which was difficult to recruit.
Quality and Trust: Over time, Contractbook built trust in Elixirator's ability to vet and provide high-quality developers. Elixirator's flexibility and competitive rates were also appreciated.
Scalability: During a period of rapid growth, Contractbook leveraged Elixirator's resources to quickly scale their engineering team, from 20 to 60 members in under a year, without compromising on quality.
Wouter Nuytten
CTO at Earth
“Elixirator team has enhanced our systems, making them faster and more stable. Their effective communication has been crucial to our collaboration, allowing us to handle issues and requests promptly. We look forward to continuing our partnership.”
Results
Stability and Cost Management: After a significant round of layoffs in December, Contractbook is stable and does not anticipate market exit for at least two years. However, they are currently focused on managing costs efficiently.
Competitive Landscape: Competitor DocuSign is rebranding to offer similar CLM solutions, investing two billion dollars into this transformation. Contractbook remains optimistic about finding niche areas to compete despite DocuSign’s dominance.
Client Feedback: Contractbook discovered Elixirator through a Google search and LinkedIn. They chose Elixirator for their expertise in Elixir, flexibility, competitive rates, and senior-level developers. Elixirator has received positive feedback on Clutch for their contributions
