Salesforce, Inc. (NYSE: CRM) has chosen Ironclad as its contract lifecycle management (CLM) platform.
Ironclad is poised to be a key partner as Salesforce continues to streamline contracting processes, improve deal velocity, and unveil valuable insights for its legal, sales, and procurement teams.
Ironclad's integration with Salesforce enables data synchronization, enabling a holistic view of contract data and customer relationship data.
"We look forward to working with Ironclad to empower our teams further to close deals faster, work more efficiently, and better manage risk and exposure," said Léo Murgel, SVP and COO, Legal and Corporate Affairs at Salesforce.
After a successful pilot phase, Salesforce expanded the utilization of Ironclad's CLM tool to thousands of users companywide.
Initially adopted by the Professional Services team for generating Statements of Work, Ironclad is now deployed to optimize contracting processes, ensure compliance, and maintain data integrity across the organization at scale.
Last month, the company was in the headlines for assembling nearly 900 individuals dressed as Albert Einstein in San Francisco, earning a Guinness World Records title for the largest gathering of people dressed as the renowned scientist.
This event underscored the company's use of Einstein as the face of its artificial intelligence features. It was a branding move that cost over $20 million for the rights to Einstein's image nearly a decade ago.
The stock gained 55% in the the past year. Investors can gain exposure to the stock via REX FANG & Innovation Equity Premium Income ETF (NASDAQ: FEPI) and Fidelity Disruptive Technology ETF (NASDAQ: FDTX).
Price Action: CRM shares are trading higher by 0.47% to $305.42 on the last check Wednesday.