Contract Lifecycle Management Solutions
Contract lifecycle management (CLM) solutions can help your business reduce risk and improve efficiencies. They offer features such as centralized storage, automated document formatting, and compliance tracking. They also help you manage your contracts and data.
Juro is an end-to-end CLM solution that empowers legal and commercial teams in scaling businesses. It offers standardized contract authoring and can handle contracts with extensive negotiation periods. Its functionality is robust, but it prioritizes ease of use over high levels of customization.
| Vendor Contract Management for Beginners |
Icertis
Named a leader in Gartner’s Magic Quadrant, Icertis is taking contract management beyond efficiency and visibility to help customers unlock the power of contracts as one of the largest strategic resources for value. With the help of its cloud-based platform, companies can streamline contract-related processes and automate tasks, resulting in increased productivity and reduced risk.
Icertis enables users to manage the full lifecycle of contracts by providing them with access to a single source of truth, empowering them to make informed decisions and drive business growth. The platform can also help streamline contract review and negotiation processes, reducing the time it takes to sign contracts by up to 50%.
Icertis also helps reduce legal, procurement, and sales risks by managing contracts with a single source of truth. Its unified contract repository stores bids, supplier data, negotiated prices, and contract terms. Moreover, Icertis’s advanced search capabilities enable users to locate contracts quickly and easily. It can also connect to third-party systems for a seamless contracting experience.
Juro
Juro is a contract lifecycle management solution that offers a streamlined, easy-to-use platform that streamlines the contracting process. It allows teams to collaborate on contracts in one unified workspace and eliminates the friction of swapping files back and forth, or moving them between multiple tools. This makes it easier to agree on contracts in real time.
In addition to its strong collaboration capabilities, Juro also provides advanced eSignature functionality. It is designed to meet European Union regulations and adds an extra layer of security to the signing process. It is also more reliable than traditional email and fax signatures.
Another feature of Juro is its ability to track engagement data and provide visibility to parties. This information is displayed on a Kanban dashboard, which helps teams keep up with their agreements more quickly. The platform can also help you prioritize contracts based on their status, leading to faster turnaround times. It is a great option for companies that need to improve their contracting processes.
Agiloft
Agiloft is an Enterprise SaaS company that helps legal departments save money and accelerate contract workflows. Its solution includes a Contract Management Suite, budget and forecast reports, a search engine with optical character recognition (OCR), and more. The solution also features workflow automation, automatic notifications and one-click contract creation. The CLM platform is built to work the way you want it to and can integrate with other systems, such as email, LDAP, and custom back-ends.
Contract management services help reduce the time it takes to get an agreement in principle from a supplier to a signed contract. This frees up procurement teams to focus on higher value-creating activities and reduces risk for the organization. It can also result in increased revenue from new business and cost savings by avoiding service disruptions and missed disclosures. It can also increase efficiency by reducing the number of manual processes. The solution has military-grade security and enables compliance with regulatory requirements like SOX, GDPR, and FDA.
Sirion
Sirion combines category-leading innovation and unrivaled Contract Lifecycle Management expertise to help the world’s leading businesses contract smarter. Its easy-to-use, intelligent platform empowers legal, procurement, sales and business teams to author stronger contracts and improve risk management. It also allows companies to monitor performance against contractual obligations and deliverables with powerful analytics.
The vendor says its solution enables all enterprise teams to optimize contracts with centralized control and real-time access to contract data and intelligence through an accessible, cloud repository. It offers pre-configured dashboards and reports that drive business outcomes. Its AI engine analyzes contracts to find legal blind spots and accelerates the authoring, negotiation, approval, and compliance processes.
The system provides seamless functionality from authoring and signature to active in-life management and termination in a single platform. It also enables legal and contract management teams to meet complex needs through automated workflows, document assembly, clause libraries, document comparison, and advanced search, data extraction, and analytics capabilities.
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