A lightweight Contract Lifecycle Management (CLM) SaaS for SMBs.

Opportunity: There's a clear gap in the market for a simplified Contract Lifecycle Management (CLM) solution tailored for small to medium-sized businesses (SMBs). Many of these companies, like the one described, are using generic tools like SharePoint for contract storage, which is not only inefficient but also lacks specialized features. They see the need for a proper CLM system but often can't justify the cost or complexity of a full enterprise-level solution.

Product Form: A SaaS application designed to be an accessible, user-friendly, and affordable CLM solution. Key features would include:

1. Centralized Contract Repository: Secure, organized storage specifically for contracts, moving beyond simple folder structures.
2. Metadata Extraction & Tagging: Automated or semi-automated extraction of key contract data (e.g., parties, effective dates, expiration dates, renewal terms, contract value, key obligations).
3. Automated Reminders & Alerts: Notifications for critical dates such as expirations, renewal deadlines, and other actionable milestones.
4. Advanced Search & Filtering: Robust search capabilities based on metadata, keywords, and full-text search within documents.
5. Simple Version Control: Tracking contract versions and amendments.
6. Basic Reporting & Analytics: Dashboards showing contract status, upcoming renewals, etc.
7. Easy Import/Migration: Functionality to easily import existing contracts from systems like SharePoint.
8. User-Friendly Interface: Designed for GCs or legal personnel in small companies who may not have extensive IT support.

Expected Revenue: The product could adopt a tiered subscription model based on the number of users, contract volume, and feature set.

• Basic Tier: $75 - $199/month (for very small companies or those with a limited number of active contracts, providing core storage, search, and reminder functionalities).
• Pro Tier: $200 - $499/month (catering to growing SMBs, offering more users, higher contract volume, basic AI-assisted metadata extraction, and simple reporting).
• Business Tier: $500 - $800/month (for more established SMBs needing more advanced features, integrations, or higher usage limits).

The value proposition is significant, as it helps companies avoid costly missed deadlines, saves valuable legal/GC time otherwise spent on manual tracking, and reduces overall contractual risk. This can easily justify the monthly subscription for a small company that understands the importance of contract management but isn't ready for a full enterprise CLM.