ABBYY FlexiCapture vs. Agiloft Contract Lifecycle Management

It is well suited for unstructured documents and automates the scanning operations where users are scanning thousands of documents on a daily basis and process them in the existing line of business application, or it is well suited for the RPA operations where ABBYY FlexiCapture extracts the output of extracted data in Excel, CSV or XML, and RPA applications parse those data and take it into other applications.

Incentivized

It is useful for contract management as it is supposed to be. I like the new interface a lot. It looks much more modern now. It is not as easy to manage documents that are not contracts. We tried to use the software as a vendor management solution, but eventually, the company decided to use another software instead. It needed customizations for our use case, which we could not afford to spend time on.

Incentivized

• Integration with workflow tolls
• Auto data extraction
• Business rule setup

Incentivized

• Categorizing data based on your specific business needs.
• Comparing documents and identifying risk.
• Workflow management and visibility into state of things.

Incentivized

• Although the back-end of the application is very strong, if it can have a visual workflow for defining tasks like scanning, verification and etc., it will be better.
• Reporting feature should be enhance more on web
• Although the result of Arabic Text extraction is very good in ABBYY, if they can focus more on different types of Arabic Fonts, it will be better

Incentivized

• It would be nice if there were a way to upload an executed agreement and have the system pull the details into the contract record.
• Maybe having a "themes" option so that individual users could pick a color scheme/layout that worked best for them.
• Having a Chat feature could be helpful instead of sending internal emails.

Incentivized

The current functionality is excellent and we keep getting request for more. Leadership wants to make this a one stop shop.

Incentivized

Nice and simple interface. The software does its job well. It is not a central software for company operations, but it makes it significantly easier for multiple departments to operate. Regular updates and communication about them are the best part of the software and I would recommend it for other departments should the need arise. One major benefit I have found of Agiloft is scalability. As the company grows, the number of contracts grows almost exponentially. Agiloft allows handling them easily without having to reorganize old contracts.

Incentivized

Implementation was relatively easy and I have not had any issues with the support. UI change created some challenges for the end-users, but overall, it was a smooth experience. I hope the company will continue investing in the product and not consider it as something to not care about too much. I believe Agiloft does not make any other software, so I think the focus on it should not wane.

Incentivized

License is cheap w.r.t to IQ BOT More flexibility in terms of custom development Can be used as independent process

Incentivized

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.

Incentivized

• It has eased the scanning operation and reduced the overall time
• Automatic indexing created the good impacted on ROI
• But it only required the specialized IT Admin to maintain the system

Incentivized

• Better ability to find the contract you are looking for.
• Broke even within 8 months of switching to Agiloft even with implementation fees.
• Document compare saves time and mistakes.

Incentivized