Software as the service, Paris based Formality has recently closed its $8.9million funding round led by Partech and Serena with the participation of BPI, Bank of Public Investment.
Formality Funding News
The latest round of funding is to help Formality increase its sales network, advance its technological support system as well as start its operations in America.
Formality CEO and Leadership
Formality has continued to expand in providing contract management solutions under the leadership of its CEO, Eliot Reilhac, to provide businesses with a safe and easy way of organizing key documents while having full track of their milestones.
Formality’s Innovative Contract Management Solution
Formality’s platform offers several standout features:
- Contract management for automating the execution of the contract with a view of eliminating repetitive tasks.
- Storing documents at a single place so as to keep the important information at arm’s reach.
- Aids in tracking of deadlines in order to ensure that the company doesn’t renew unwanted contracts thus incurring losses.
- Risk mitigation for Organisations by minimizing the possibilities of failed re-newals and guaranteeing that the financial and lawful departments can center on the key activities.
Legal/Official Systems Formality in client and Market reach
Currently, through Lifen, contract management is on the way to improving for companies of different types: Electra and Resilience have already placed their confidence in Formality.
Bigger and a brighter future for formality
Focusing on the American market, the new funding to the company will contribute to its growth around the world and make Formality one of the leaders of contract automation.
This approach makes Formality capable of transforming the way Contract management is being done by offering global businesses both time-saving and risk-reducing solutions.
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