M-Files, a global specialist in information management, has announced that the company has acquired Ment (formerly Contract Mill Oy),a no-code document automation technology company based in Espoo, Finland.
With this acquisition, M-Files states the company now delivers robust document automation capabilities that enable new and existing customers to quickly automate their own documents.
Once automated, the creation of new customised documents can be completed in minutes, in full compliance with a company's own rules and best practices.
As M-Files heightens its legal domain expertise, Ment serves to address some of the industry's leading challenges, the company states.
According to the company, legal professionals, including those at law firms and in-house legal departments, spend an inordinate amount of manual effort on repetitive work creating and managing contracts and other critical documents which is inefficient, person-dependent and non-scalable.
Ment is focused on removing the barriers of complex document automation processes, providing organisations with one-of-a-kind self-service tools that enable knowledge workers to generate documents directly from third-party input, in a secure and compliant manner and release automated content anywhere.
Antti Nivala, Founder and CEO, M-Files, says, "The acquisition of Ment amplifies our ability to help organisations increase productivity and improve their bottom line by minimising time consuming, manual work processes. Ment's robust document automation capabilities strengthen our offerings and commitment to bring customers solutions that enable knowledge workers to work smarter and deliver significant business impact."
Ment allows knowledge workers to automate complex documents, create automated playbooks, minimise repetitive tasks, and optimise processes with the first fully visual, no-code automation solution.
Overall, Ment is focused on empowering organisations to digitise and scale their business. Ment's Clause Library helps legal professionals eliminate the obstacles to accessing knowledge cumulated in their companies over the years. As a result, knowledge workers always have information at their fingertips and accessible by designated team members, which drives efficiencies and boosts employee satisfaction, as time is not spent regenerating work.
Kaisa Kromhof, CEO, Ment, says, "I'm excited about this next step on our journey, and I am proud of our team that made this possible. We are thrilled to join M-Files, the global leader in information management, and look forward to bringing next-generation, no-code automation to organisations across the globe. Together, well empower legal professionals to achieve faster throughput and increase efficiency with best-in-class document management and automation capabilities."
Ment is currently available as a standalone product or as a complement to the M-Files platform and will continue to be supported as a modular offering.
Additionally, a phased integration of Ment into the M-Files metadata-driven document management platform is underway to enhance the combined value of M-Files solutions, including M-Files Hubshare, a secure content collaboration portal.
While Ment was designed to create contracts, primarily for law firms and in-house legal departments, M-Files plans to extend the offering to other industries and uses cases in the future.