Today's issue of TechnoLawyer NewsWire covers a contract management application (see article below), a CLE courseware program, a cost recovery system, anti-virus software, a voice recording application for iPhone, an online store for BlackBerrys, and a case management application for Windows Mobile. Don't miss the next issue.
Cut Through the Mumbo Jumbo
By Neil J. Squillante
Management. The most overused word in legal software? First came case management. Then knowledge management. Contact management. Client relationship management. Etc. Cliche or not, this word underscores the growing need of the legal profession to, yes, manage disparate types of electronic information. Well, it's time to add new one to the list — contract management.
Mumboe ... in One Sentence
Mumboe is an online application that enables you to manage existing agreements and also store and share templates from which to create new agreements.
The Killer Feature
Most contracts drone on for pages and pages. This level of detail is necessary, but some details are more important and more likely to be referenced than others. Also, some details exist in virtually all contracts regardless of subject matter.
When you upload contracts into Mumboe for storage, Mumboe extracts the most critical data so that you can review it at a glance and also compare it across other contracts. It even extracts this data if you upload a scanned contract thanks to its built-in OCR technology.
What does it extract? The parties, addresses, term, choice of law, etc. You can review the data extracted and make corrections and remove details you don't want to track before saving. Mumboe refers to this information as "contract intelligence."
Other Notable Features
Like most online applications, Mumboe provides a dashboard from which you can access all of Mumboe's functions. For example, you can search for an agreement, view all agreements, and create an agreement.
Mumboe offers simple and advanced search. You can search the full text of agreements or just extracted data. The advanced search mode provides you with Boolean operators, date ranges, and other tools to narrow the results.
Mumboe also enables you to create reminders for important milestones, create tasks and assign them to others, bookmark agreements for quick access, and import contacts so that you can more easily populate agreement templates.
What Else Should You Know?
Like most online applications, Mumboe offers a free "gateway" version, Mumboe Express, which provides you with storage for 10 agreements. Mumboe Pro costs $24/month for 250 agreements. You can purchase additional storage at a rate of $12/month per 100 agreements. Learn more about Mumboe.
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