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1. What Is Midly.ai?
Midly.ai is an AI-powered contract management platform that streamlines your entire contracting workflow. It uses advanced machine learning algorithms to analyze contracts and highlight key terms and potential risks in plain language.
The platform combines contract analysis with smart routing, collaboration, and e-signature capabilities. You can move contracts from intake to signature with clarity and speed.
- AI-driven contract analysis and risk assessment
- Automated workflows for creation, review, and approval
- Real-time collaboration with version control
- In-platform digital signatures
- Integrated mini CRM for customer relationships
It’s designed to eliminate the complexities of traditional contract management tools. Teams can close deals faster by removing bottlenecks in the negotiation and approval stages.
I find it particularly useful because it translates complex legal jargon into understandable summaries for non-legal team members.
2. Who Created Midly.ai?
Their website doesn’t provide specific details about the founder or founding team behind Midly.ai. The company operates under the Midly.ai brand with a focus on solving contract management challenges for businesses of all sizes.
What I can tell you is that the platform was built by people who understand the real struggles of contract management. The sophisticated features suggest deep expertise in both legal workflows and AI technology.
- Built for entrepreneurs, legal professionals, and business teams
- Designed to address specific pain points in contracting
- Focused on eliminating time drains and process bottlenecks
The platform shows clear understanding of what different roles need. From sales executives to legal counsel, each user type faces unique challenges that Midly.ai addresses.
You can book a demo to speak directly with their team about the platform’s development and vision.
3. How Much Does Midly.ai Normally Cost?
Midly.ai offers two main pricing tiers designed to scale with your team size:
Comprehensive Suite: $47/month per user
- For teams up to 250 users
- AI-driven contract analysis
- Unlimited deals and documents
- Unlimited in-platform signing
- Document version control
- Team collaboration features
- Comprehensive support and training
Enterprise: Custom pricing
- For teams over 250 users
- Everything in Comprehensive Suite
- Custom pricing with potential discounts
- Tailored for extensive user needs
The platform also offers demo bookings so you can evaluate the features before committing to a paid plan.
I appreciate that they include comprehensive support and training in the base pricing.
4. What Are The Benefits Of Using Midly.ai?
The main benefits focus on speed, efficiency, and reducing the complexity of contract management for all team members.
Time Savings: Automate repetitive tasks like contract creation, review, and approval. Free up your team to focus on strategic decisions instead of manual processes.
Better Communication: Real-time collaboration with version control ensures everyone stays on the same page. No more chasing updates from different teams.
- Faster deal closure through streamlined workflows
- Reduced legal escalations with AI pre-checks
- Clear risk assessment in plain language
- Elimination of third-party signing tools
Business Pipeline Acceleration: Transform stalled negotiations into finalized agreements. The AI-driven insights help convert more opportunities.
Expertise Gap Bridging: Non-legal team members can understand contracts without constant legal support. Solo founders and small teams especially benefit from this accessibility.
5. What Are The Main Features Of Midly.ai?
Midly.ai packs comprehensive contract management tools into an intuitive platform:
AI-Powered Analysis:
- Advanced machine learning contract review
- Key terms and risk highlighting
- Plain language summaries and explanations
- Spelling and grammar fixes
Workflow Automation:
- Automated contract creation and routing
- Smart approval processes
- Customizable workflows for different contract types
Collaboration Tools:
- Real-time team collaboration
- Document version control
- Commenting and annotation features
- In-app status notifications
Integrated Solutions:
- Built-in digital signatures
- Mini CRM for customer relationship management
- Unlimited deals and documents
The platform eliminates the need for third-party tools by providing everything in one secure environment.
6. What Companies And Brands Use Midly.ai?
Their website doesn’t provide a comprehensive list of specific client companies or brand names. However, the platform is designed for businesses of every size and type.
Target User Types:
- Sales executives struggling with unclear processes
- Startup founders managing contracts alone
- Key account managers dealing with complex deals
- Legal counsel handling escalated reviews
- Operations managers coordinating between teams
- Business development managers lacking legal expertise
The platform serves organizations that experience common contract management pain points. From solo entrepreneurs to large teams, Midly.ai addresses workflow bottlenecks.
Based on their pricing structure and features, they target mid-market to enterprise companies with significant contract volumes and team collaboration needs.
You can book a demo to learn about specific use cases in your industry.
7. How Have They Benefited From It?
While their website doesn’t provide specific client testimonials with measurable results, the platform addresses documented pain points that affect business performance.
Reported Problem Solutions:
- Reduced time spent on contract reviews
- Faster deal closure at quarter-end
- Fewer redundant legal escalations
- Better team communication and coordination
- Increased contract management expertise across teams
Workflow Improvements: Teams report being able to manage agreements independently without waiting for legal review on every contract. This independence speeds up business processes significantly.
Risk Reduction: AI analysis helps catch issues before they reach legal review, reducing back-and-forth corrections.
According to industry data, companies using AI contract management save an average of 92 minutes per contract review. For businesses with hundreds of contracts, this represents substantial time and cost savings.
8. Does Midly.ai Come With A Satisfaction Guarantee?
Midly.ai doesn’t mention a specific money-back satisfaction guarantee on their website. However, they offer several risk-reduction approaches to help potential customers evaluate the platform thoroughly.
Risk Mitigation Features:
- Free demo bookings with their team
- Comprehensive support and training included
- FAQ section covering common concerns
- Contact options for sales consultation
Support Structure:
- Comprehensive onboarding and training
- Ongoing customer support
- Platform education and guidance
The demo approach lets you see the platform in action with your specific use cases before making a commitment. You can evaluate the AI analysis quality and workflow fit.
I think their comprehensive support and training approach shows confidence in helping customers succeed with the platform, which often matters more than traditional guarantees.
9. What Other Deals Can You Kindly Bestow Upon Me?
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