8 Ratings
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Score 9.6 out of 100
4 Ratings
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Score 8.9 out of 100

Likelihood to Recommend

ABBYY FineReader

It works exceptionally well for digitizing paper and scanned documents for storage and simple retrieval mainly thanks to OCR technology, which greatly simplifies the process. If there is a need for protection and/or signing scanned documents than ABBYY FineReader has all the necessary features implemented. It may not be the best choice for individuals, where advanced functionalities are not really needed.
Anonymous | TrustRadius Reviewer

Agiloft Contract Lifecycle Management

It is very well suited to companies that really want to customize their CLM to suite their needs. Agiloft is very flexible and has the ability to do whatever you need. We have been able to categorize our contracts based on industry standards which makes it very easy to search. Single sign-on has made user creation super easy and has allowed us to deploy quickly to over 500 users. There is no additional charge for end users to view which has saved us when compared to other vendors.
James Anderson | TrustRadius Reviewer

Feature Rating Comparison

Contract Authoring

ABBYY FineReader
Agiloft Contract Lifecycle Management
9.3
Contract creation
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.9
Contract templates
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
Clause library/saved fields
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
Guided logic
ABBYY FineReader
Agiloft Contract Lifecycle Management
8.0

Contract Collaboration

ABBYY FineReader
Agiloft Contract Lifecycle Management
9.8
Contract sharing
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
Contract editing
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.9
Collaborating on contracts
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
MS Word plug-in
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
Approval process
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
Interdepartmental workflows
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7

Contract Monitoring

ABBYY FineReader
Agiloft Contract Lifecycle Management
9.5
Contract database
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.9
Legacy contracts
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
Contract search
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.9
Contract milestone reminders & alerts
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
Custom contract reports
ABBYY FineReader
Agiloft Contract Lifecycle Management
8.9
Tracking contract status
ABBYY FineReader
Agiloft Contract Lifecycle Management
9.7
Compliance check
ABBYY FineReader
Agiloft Contract Lifecycle Management
8.9

Pros

ABBYY FineReader

  • Read and analyze complicated documents
  • Automatically recognize tables and charts
  • Convert any documents into various common formats
Anonymous | TrustRadius Reviewer

Agiloft Contract Lifecycle Management

  • Customization of print template request forms: The customization of the request forms that are used to fill the blank fields in our contract templates is simply amazing. They don't only pull simple information like dates or financials but can be built in the back end to operate around rules. For example, We have a rule set up that a territory can't be selected for a given agreement if that territory is already in use. Before this we would have to manually search a list of all territories and whether they are exclusively used.
  • Tracking Function: This system allows us to track our contracts using any data we deem necessary. We can track by expiry, contract amount, contract type, territory, contract requester, etc. We can also create saved searches for particular contract data sets that we use frequently. These can also be very easily used to generate charts or graphs which allow us to see our rate of compliance and much more. This a functionality that we did not have when we tracked everything using one big excel spreadsheet, which had to be updated manually.
  • Employee/User Management: Agiloft allows us to manage our employees' ability to interact with the system. In our organization, some groups need more access than others. Some need to be able to view our contracts, and some need to participate in negotiations, approvals, signing, etc. This allows us to create groups which we can organize our employees into and restrict or enable access where necessary. Before Agiloft we would have to send contracts to employees via email upon request. Now they can search for themselves, which is much more efficient.
Ceili Killeen | TrustRadius Reviewer

Cons

ABBYY FineReader

  • Conversion to MS Word (formatting accuracy issues occur)
  • Conversion to MS Excel (formatting accuracy issues occur)
Anonymous | TrustRadius Reviewer

Agiloft Contract Lifecycle Management

  • Reporting ( I would love to see Power BI integration).
  • Easier to design End User Portal.
James Anderson | TrustRadius Reviewer

Likelihood to Renew

ABBYY FineReader

No score
No answers yet
No answers on this topic

Agiloft Contract Lifecycle Management

Agiloft Contract Lifecycle Management 10.0
Based on 1 answer
The current functionality is excellent and we keep getting request for more. Leadership wants to make this a one stop shop.
James Anderson | TrustRadius Reviewer

Alternatives Considered

ABBYY FineReader

Although both have functionalities that they share, in ABBYY FineReader they are better implemented, they have a better performance, in addition to being a more intuitive and simple user that makes their learning curve relatively simple, it is as if the options I need are always available. the hand and not within complicated menus or overloaded interfaces
Moris Mendez | TrustRadius Reviewer

Agiloft Contract Lifecycle Management

Prior to implementing Agiloft, we used ProLaw. ProLaw acts as an electronic library for all contracts across the company. We were able to get this to work for us but it was limited in what functionality it provided. Agiloft is far superior when it comes to tracking and contract generation. Both systems store the agreements; however, Agiloft does a lot of the work for us. It creates the agreements with the click of a button, manages user permissions, sends automated reminders without requiring setup. These are all things ProLaw either didn't have or had but required manual entry. I was not the one who selected Agiloft as our new system, but after using it I can see why it was chosen.
Ceili Killeen | TrustRadius Reviewer

Return on Investment

ABBYY FineReader

  • Automated document conversion using Hot Folder heavily reduced workload [for] our IT Support department.
  • The amount of storage required for digitized paper documents has been reduced by 30%.
  • Ability to compare multilingual documents has increased productivity of our multinational departments.
Anonymous | TrustRadius Reviewer

Agiloft Contract Lifecycle Management

  • Increased employee efficiency is by far the most noticeable impact. Contract generation time has been cut in half, if not more because the required fields on the request form eliminate the endless back and forth vial email.
  • Increased Compliance Rate: Departments can now only obtain legal approval through Agiloft, which drastically reduces the number of contracts signed without legal review.
  • One short term negative impact is training all employees on the system. This is time-consuming and sometimes met with hesitation by staff. But long term this increases efficiency across the board.
Ceili Killeen | TrustRadius Reviewer

Screenshots

Pricing Details

ABBYY FineReader

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

ABBYY FineReader Editions & Modules

Edition
FineReader PDF 15 Standard$1991
FineReader PDF 15 Corporate$2991
FineReader Pro for Mac119.991
  1. one-time payment
Additional Pricing Details

Agiloft Contract Lifecycle Management

General

Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required

Agiloft Contract Lifecycle Management Editions & Modules

Additional Pricing Details

Rating Summary

Likelihood to Recommend

ABBYY FineReader
9.8
Agiloft Contract Lifecycle Management
8.9

Likelihood to Renew

ABBYY FineReader
Agiloft Contract Lifecycle Management
10.0

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