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Parley Pro is a versatile contract management software that has proven to be highly valuable in streamlining and optimizing contract …
Starting at $80 per year
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What is Parley Pro?
Parley Pro is a contract lifecycle management platform that aims to streamline and simplify the contract management process. According to the vendor, it offers a collaborative environment for teams to efficiently create, negotiate, and manage contracts. The product caters to businesses of all sizes,...
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Basic
$80
Cloud
per year
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Details
- About
- Tech Details
What is Parley Pro?
Parley Pro is a contract lifecycle management platform that aims to streamline and simplify the contract management process. According to the vendor, it offers a collaborative environment for teams to efficiently create, negotiate, and manage contracts. The product caters to businesses of all sizes, including small startups and large enterprises, and is utilized by legal professionals, procurement and vendor management teams, sales and business development teams, finance and operations departments, as well as human resources professionals.
Key Features
Streamline Your Entire Contract Lifecycle: According to the vendor, Parley Pro allows users to initiate contracts quickly using templates, collaborate on contracts in real-time, automate contract approval acquisition, and effectively manage contracts while capturing valuable insights.
Negotiate Contracts Smarter And Faster: The vendor claims that Parley Pro provides a centralized platform for negotiating with counterparties, capturing negotiation points and suggestions, focusing on key issues to be resolved, and maintaining control over comments and changes.
Contract Analytics You Can Actually Act On: According to the vendor, Parley Pro enables users to track important contract terms and milestones, avoid missing expiration and renewal dates, benchmark and accelerate the contract cycle time, and gain valuable insights to inform decision-making.
Collaborate Easier: The vendor states that Parley Pro facilitates seamless collaboration among team members, allowing them to work on the same document, capture comments and text suggestions in interactive discussions, reach consensus, and eliminate the need for multiple versions and redlines.
Close Better Contracts: According to the vendor, Parley Pro fosters trust-building with partners through real-time contract negotiation, streamlines the workflow to find consensus faster, prioritizes important issues and "redlines," and enhances the overall contract experience.
Automate Your Entire Contract Lifecycle: The vendor claims that Parley Pro enhances visibility and control over contracts, automates routine tasks to boost efficiency, accelerates the contract cycle, reduces errors, and expedites contract initiation using pre-approved templates.
Manage Contracts with Ease: According to the vendor, Parley Pro provides a central, searchable repository for storing contracts, capturing important insights, setting automatic reminders, facilitating easy contract retrieval through full-text search, and ensuring timely management of expiration and renewal dates.
Deeply Analyze Contract Data: The vendor states that Parley Pro offers interactive dashboards for comprehensive contract management, enabling users to track key contract KPIs, identify trends, make data-driven decisions, ensure compliance, and gain valuable insights.
Real-Time Contract Collaboration: According to the vendor, Parley Pro facilitates real-time collaboration with counterparties, capturing negotiation points and suggested text changes, providing full control over comment visibility, and enhancing the overall contract negotiation experience.
Automate Contract Approval: The vendor claims that Parley Pro streamlines the contract approval process, enabling users to obtain necessary approvals, seamlessly transition to eSignature, eliminate checklists and signature chasing, and ensure easy, secure, and compliant contract approval.
Parley Pro Features
- Supported: Approval Process Control
- Supported: Audit Trail
- Supported: Buy Side (Suppliers)
- Supported: CRM
- Supported: Completion Tracking
- Supported: Compliance Tracking
- Supported: Contract Drafting
- Supported: Contract Lifecycle Management
- Supported: Data Extraction
- Supported: Document Management
- Supported: Document Storage
- Supported: Electronic Signature
- Supported: Full Text Search
- Supported: Government Contracts
- Supported: Pre-built Templates
- Supported: Reminders
- Supported: Sell Side (Customers)
- Supported: Specialty Contracts
- Supported: Team Collaboration
- Supported: Version Control
- Supported: Workflow Management
- Supported: Access Controls/Permissions
- Supported: Archiving & Retention
- Supported: Collaboration Tools
- Supported: Contract/License Management
- Supported: Document Classification
- Supported: Document Generation
- Supported: Communication Management
- Supported: Contact Management
- Supported: Content Management
- Supported: Discussions/Forums
- Supported: File Sharing
- Supported: Mobile Access
- Supported: Real Time Editing
- Supported: Screen Sharing
- Supported: Task Management
- Supported: Alerts/Notifications
- Supported: Document Capture
- Supported: Optical Character Recognition
Parley Pro Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Web-Based, Android, iPhone, iPad |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Parley Pro is a versatile contract management software that has proven to be highly valuable in streamlining and optimizing contract management processes, resulting in significant time and cost savings. Users have praised its ability to simplify work and make it easier through an intuitive and easy-to-use platform. With Parley Pro, users can manage contracts in one convenient location, eliminating the need for other software and providing a centralized hub for contract lifecycle management.
One of the key use cases of Parley Pro is its ability to facilitate multi-party negotiations on a single platform, leading to better decision-making. This feature has been particularly helpful for users involved in complex negotiations with old-school clients or universities that often involve cumbersome third-party addendums and paper. Parley Pro's dynamic negotiation process allows multiple individuals to collaborate and work on the same contract simultaneously, increasing efficiency and productivity.
The software's customizable workflows and preferences make it adaptable to fit various company needs, supporting both the Contract Management team and other departments. Users have found immense value in its meta-tagging and searchability features, as well as the ability to track contracts, making it easy to find, monitor, and set up alerts for important deadlines.
Furthermore, Parley Pro improves cross-departmental visibility into the contracting process by centralizing contract information and providing real-time visibility into the entire contract lifecycle. This enables enhanced collaboration, eliminates back-and-forth emails, and increases efficiency by automating manual review processes.
Users appreciate Parley Pro's fast and helpful support during implementation, as well as its commitment to continuous development based on user needs. The software's ease of use and real-time metrics dashboards have been widely praised by customers. Additionally, personalized workflows and robust analytics are favorite features among users.
In summary, Parley Pro addresses key pain points in contract management by providing a user-friendly platform that streamlines workflows, enhances collaboration, automates processes, increases efficiency, ensures compliance, and improves overall contract administration.
Intuitive User Interface: Users have consistently praised Parley Pro for its simple and intuitive user interface, with many stating that it is easy to navigate and use the platform effectively. This has greatly enhanced the overall user experience and made contract management tasks more efficient.
Automation Features: Many users have expressed their satisfaction with Parley Pro's automation features, which have significantly improved productivity and efficiency for organizations. By streamlining contract management workflows, these features have saved users valuable time and allowed them to focus on more strategic tasks.
Real-time Visibility into Contract Status: The real-time visibility provided by Parley Pro's dashboard screens has been highly valued by users. They appreciate being able to access up-to-date information on the status of each contract, enabling them to make informed decisions quickly. This feature has proven invaluable in enhancing collaboration and ensuring transparency throughout the contract lifecycle.
Difficult to Use: Some users have found Parley Pro difficult to navigate, particularly if they are not familiar with contract management processes. This can result in a steep learning curve and delays in the adoption process.
Limited Customization: Parley Pro's lack of customization options has been a limitation for some companies. They would like to personalize the software according to their specific preferences, but find it challenging due to the limited customization capabilities.
Slow Performance with Large Files and Complex Workflows: Users have reported that Parley Pro can be slow when working with large contract files or complex workflows. These performance issues cause delays and can impact productivity during contract management tasks.