Concord is changing the way people create, sign, and file contracts. We’re on a mission to make sure no one ever has to manage contracts manually. We provide unlimited e-signatures and unlimited contract storage for an unlimited number of users in all types of businesses and industries – from freelancers to large entities. Our solution is fast and simple to use. Hundreds of companies are already using Concord to streamline their contract lifecycle management process.
Our name means agreement or harmony between people or groups. We know that getting everyone to agree is how contracts get signed. Concord allows colleagues and third parties to easily collaborate. Our solution is loaded with helpful features including automated templates, deadline alerts, and track changes. Everything we do at Concord is aimed at making contracts better to work with.
“Contract management is where
finance was 30 years ago.”
Founder of Oracle
The world is now ruled by dynamic transactions.
Having both speed and security has become crucial to business. Companies have adapted by implementing software everywhere: CRM, procurement, accounting, etc.
But 96% of companies still manage their contracts manually
Endless Word documents sent by email for negotiation, handwritten signatures or scans, deadline management on Excel…
Manual contract management costs companies $153b per year.
Worldwide. Due to business delays and missed opportunities, high management costs, and increased legal and financial risks.
“We know the pain.
We suffered. Personally.“
Cofounder & CEO of Concord
Where it all started:
500 contracts to renegotiate
In 2009, while he was working with the CEO of a company bringing in $5b annually, Matt Lhoumeau was asked to renegotiate the terms for 500 vendor agreements. The idea was to improve the company’s margins.
For the first 5 minutes, Matt was thrilled by the importance of the mission. He knew he could save his company a lot of money.
Quickly, 5 minutes passed and Matt became disenchanted because he realized how challenging it would be to even get an overview of his company’s contracts. He’d been given an enormous challenge.
What happened then:
6 months in contract hell
The first step in the long process of renegotiating the vendor agreements was to find all of the files. Matt spent no less than a month digging through filing cabinets, where he discovered that many of the files were missing. When left with no good option, Matt called vendors and asked for their copies of contracts; some of which were worth over $30m.
After gathering all of the contracts, Matt spent the next month reading each one – page by page. He built an unruly spreadsheet with 52 columns and 500 lines to get an overview of the situation.
The next 4 months were spent renegotiating agreements by sending contracts back and forth to his colleagues and third parties. There were hundreds of files, multiple contributors, and numerous versions of each document, but Matt survived and completed the project.
Inadequate or incomplete solutions
After wasting 6 months, Matt became obsessed with a simple question: Why are we still stuck in the Stone Age with contracts, when we have modern solutions to manage everything else in a company?
So far, companies have only been offered outdated or incomplete contract management tools. First-generation solutions are complex and expensive, and only suitable for large companies. E-signature players only solve a small part of the problem.
It was time to fix this.
Make sure no one will ever have to manage any contract manually. Ever.
Freedom of business is the cornerstone of our modern society
Entrepreneurial and economic freedom has helped our economy thrive like never before. By reducing restraints, the free movement of goods, people, and information has created optimal conditions for unprecedented innovation that continues to improve the lives of billions.
Agreements help us build relationships
Contracts are more than simple business documents. They are at the foundation of our society. From The Social Contract to the U.S. Constitution’s First Amendment, contracts define relationships between individuals, organizations, and countries. By specifying with clarity the conditions of any exchange or interaction, contracts foster the building of a more just and efficient civilization. Yes, there is still a lot to accomplish, but we’ve come a long way from the state of nature and the war of all against all.
Doing our part
“Life is about choosing between having a big impact on small topics or having a small impact on big topics.” At Concord, we’ve chosen to have a big impact on a small topic: contracts. We are not solving world peace. We are helping millions do business faster by simplifying their agreement process. We are streamlining the steps to concord. We contribute modestly, but proudly, to the improvement of each users’ everyday life. We’re also doing our part to grow the economy.
That’s why we created Concord, the simplest and most complete contract lifecycle management platform ever built. And that’s why it’s yours to use for free. And that’s why we won’t stop until we achieve our mission.
Agreement or harmony between people or groups
Origin: From latin con- “together” + cor, cord- “heart”
Agreement or harmony between people or groups
Cofounder & CEO
Before founding Concord, Matt Lhoumeau worked with the CEOs of Iliad and RATP, Europe’s main telecommunication and public transport operators. He also worked with former French President Nicolas Sarkozy during the 2007 campaign, building the candidate program under future cabinet secretary Emmanuelle Mignon.
Concord is Matt’s second company; he founded one of the main video game websites in Europe at the age of 17.
Matt holds four different master’s degrees in business, political sciences, international affairs, and Japanese from Europe’s most prestigious schools, Sciences Po, HEC Paris, and INALCO.
Cofounder & CTO
Florian Parain is an engineer and an information systems expert. He previously worked for Capgemini on several of its leading client accounts including SFR (Vivendi/Altice).
Like Matt, Concord is Florian’s second company; Florian cofounded a leading French children’s literature website at the age of 16. He managed the site for 6 years, developing partnerships with Gallimard, Warner Bros., MSN, UGC, WHSmith, and Cinéréplicas.
Florian earned his engineering master’s degree from France’s top school Centrale-Supelec, he also holds a master’s degree in business from HEC Paris.
Head of Operations
Andra is responsible for all the operations at Concord. She is a licensed attorney admitted to practice law in California, and has broad experience in law, project management, international organizations, and NGOs.
Before joining Concord, Andra was a Trade Advisor with the French Embassy Trade Office in San Francisco where she advised C-level executives in hi-tech on business development and U.S. operations strategy.
Andra holds a J.D. from Santa Clara University School of Law, and a B.S. from Georgetown University School of Foreign Service with a focus on international law and politics.