Acquirell vs. Contract Logix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Acquirell
Score 8.6 out of 10
Mid-Size Companies (51-1,000 employees)
Acquirell is a SaaS procurement technology suite solution tailored to SMBs. Acquirell enables businesses to save the time of their procurement teams by eliminating manual workflow and automating the procurement process. The E-Sourcing module of Acquirell enables the companies to attain more savings on purchased volume by conducting various forms of sourcing events. Acquirell helps to eliminate the following issues that SMBs face in their day-to-day…
$20
per month per user
Contract Logix
Score 7.1 out of 10
N/A
Contract Logix is a SaaS-deployed contract management software solution.N/A
Pricing
AcquirellContract Logix
Editions & Modules
Free
$0
per month per user
Team
$20
per month per user
Enterprise
Contact Us
No answers on this topic
Offerings
Pricing Offerings
AcquirellContract Logix
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
AcquirellContract Logix
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
AcquirellContract Logix
Contract Authoring
Comparison of Contract Authoring features of Product A and Product B
Acquirell
-
Ratings
Contract Logix
10.0
1 Ratings
19% above category average
Contract creation00 Ratings10.01 Ratings
Contract Monitoring
Comparison of Contract Monitoring features of Product A and Product B
Acquirell
-
Ratings
Contract Logix
10.0
1 Ratings
17% above category average
Contract database00 Ratings10.01 Ratings
Contract search00 Ratings10.01 Ratings
Contract milestone reminders & alerts00 Ratings10.01 Ratings
Custom contract reports00 Ratings10.01 Ratings
Tracking contract status00 Ratings10.01 Ratings
Compliance check00 Ratings10.01 Ratings
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AcquirellContract Logix
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User Ratings
AcquirellContract Logix
Likelihood to Recommend
8.6
(2 ratings)
9.0
(1 ratings)
Likelihood to Renew
8.2
(1 ratings)
-
(0 ratings)
Usability
-
(0 ratings)
9.0
(1 ratings)
Support Rating
9.1
(1 ratings)
10.0
(1 ratings)
User Testimonials
AcquirellContract Logix
Likelihood to Recommend
Acquirell
It is most appropriate to utilize Acquirell for processing the purchase orders with vendors. If you don't want to onboard the vendors into the system you may easily generate the POs in PDF. Acquirell includes amazing capabilities for running RFI, RFQ, and RFP events. It is very easy to manage purchase requisitions in a single system. Also, the tool is a good fit to manage the complex approval workflow. It is less appropriate to utilize Acquirell for managing contracts because instead of simply editing the text of the contract you should play with the configurations of the contract in the system and fill out various fields
Read full review
Contract Logix, LLC
Suited for legal depts to manage contracts from cradle to grave—security levels assigned to ensure the integrity of data. It's great for producing reports for management and managing renewals and expirations of agreements is convenient. Contract Logix also does not require extensive computer skills—easy to navigate. Probably not suited for contracts that need payments as there is no link to financials.
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Pros
Acquirell
  • Robust sourcing module with very flexible configurations is a great tool for running RFPs
  • We can easily send POs to the suppliers via Acquirell
  • The great Contract Management module lets us administrate the contracts easily
  • We can easily handle the supplier database
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Contract Logix, LLC
  • User friendly: Ease of data entry.
  • Easy to generate reports.
  • Searches can be done using various fields.
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Cons
Acquirell
  • Cannot edit the text of the contracts in the Contract Management module just like we were editing it in MS Word
  • Accounts Payable is out of scope
  • The Supplier Management module is "just okay". Acquirell team should develop features
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Contract Logix, LLC
  • Emailing from Contract Logix could be improved, too many clicks.
  • Copying of records cannot be done.
  • Downloading documents can be improved, drag and drop should be available.
  • Capability to store emails.
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Likelihood to Renew
Acquirell
It really helps us to handle almost all our procurement activities (except the CLM process)
Read full review
Contract Logix, LLC
No answers on this topic
Usability
Acquirell
No answers on this topic
Contract Logix, LLC
Easy to manage, little downtime in training, able to provide our needs to contract management.
Read full review
Support Rating
Acquirell
Acquirell team has conducted the Zoom sessions with us to explain and clarify all the details. Their manager Olivia and their product manager Dimitri were really approachable If there arise any issues related to working in the system the Acquirell team is always trying to respond ASAP
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Contract Logix, LLC
Contract Logix' customer service is excellent. A definite plus if you are thinking of using Contract Logix.
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Alternatives Considered
Acquirell
I haven't evaluated any other procurement solutions. Before implementing Acquirell we were using emails, Word, and Excel in our procurement processes. Overall, it is much more convenient to conduct procurement activities in Acquirell rather than to collect the bids via email and keep a bunch of Word or Excel files.
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Contract Logix, LLC
Contract Logix is advanced and user-friendly and on the cloud. Easily customizable to your need. Some databases are more.
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Return on Investment
Acquirell
  • Now the purchasing team saves a lot of time
  • The number of errors has been reduced due to elimination of manual workflow
  • Now we do not have to keep a lot of Word, Excel, or PDF files since most of the procurement data is stored in Acquirell. Therefore the data does not get lost
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Contract Logix, LLC
  • Improved efficiency in managing contracts.
  • Service to other departments has improved.
  • Improved reporting system.
Read full review
ScreenShots

Acquirell Screenshots

Screenshot of Collects purchase requisitions from all departments and employees. Aggregates identical requisitions. Approvals by different persons depending on the amount or other criteria. Creates procurement plans for different time frames. Compare planned costs against budget constraints. Convert a requisition into a PO. Track the requisition status at all stages until the product or service is received from the supplier.Screenshot of Sourcing events for a wide variety of situations and relationships. Configuration of all parameters; the mechanics of tenders are under the user's control.Screenshot of Manages strategic sourcing for a product’s key cost components. Compare offers and select the best one based on any criteria.Screenshot of Automates all stages of working with contracts. Prepare contracts according to templates. Partial auto-population based on the bidding results. Approvals within the company and with the supplier.Screenshot of Create the approval routes and assign the controllers. Spending controls with standardized approval processes.Screenshot of Automatic data collection to calculate procurement department’s KPIs. Built-in reports and dashboards for the most popular metrics.