Agiloft Contract Lifecycle Management vs. FirmRoom

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Agiloft Contract Lifecycle Management
Score 8.7 out of 10
Enterprise companies (1,001+ employees)
Agiloft’s Contract Lifecycle Management solution is contract management software for managing the complete contract lifecycle, streamlining the approval process, and integrating contract information into all relevant business processes.N/A
FirmRoom
Score 9.9 out of 10
N/A
FirmRoom is a cloud-based virtual data room. The solution helps organizations to manage due diligence, and other information-dense processes, through secure document management and file sharing. Features such as drag and drop, bulk upload, & smart search enable seamless collaboration. Additional key features include data tracking, data analytics, audit trails, customized notifications, individual and bulk invitations, bulk file upload, and a user activity tracker. The vendor states FirmRoom…
$400
Pricing
Agiloft Contract Lifecycle ManagementFirmRoom
Editions & Modules
No answers on this topic
Standard
$400/month
Business
$1500/month
Enterprise
$3000/month
Offerings
Pricing Offerings
Agiloft Contract Lifecycle ManagementFirmRoom
Free Trial
YesYes
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Community Pulse
Agiloft Contract Lifecycle ManagementFirmRoom
Top Pros
Top Cons

No answers on this topic

Features
Agiloft Contract Lifecycle ManagementFirmRoom
Contract Authoring
Comparison of Contract Authoring features of Product A and Product B
Agiloft Contract Lifecycle Management
8.8
3 Ratings
7% above category average
FirmRoom
-
Ratings
Contract creation8.03 Ratings00 Ratings
Contract templates10.03 Ratings00 Ratings
Clause library/saved fields9.03 Ratings00 Ratings
Guided logic8.02 Ratings00 Ratings
Contract Collaboration
Comparison of Contract Collaboration features of Product A and Product B
Agiloft Contract Lifecycle Management
9.7
3 Ratings
15% above category average
FirmRoom
-
Ratings
Contract sharing10.03 Ratings00 Ratings
Contract editing10.03 Ratings00 Ratings
Collaborating on contracts10.03 Ratings00 Ratings
MS Word plug-in10.03 Ratings00 Ratings
Approval process9.03 Ratings00 Ratings
Interdepartmental workflows9.03 Ratings00 Ratings
Contract Monitoring
Comparison of Contract Monitoring features of Product A and Product B
Agiloft Contract Lifecycle Management
9.4
3 Ratings
10% above category average
FirmRoom
-
Ratings
Contract database10.03 Ratings00 Ratings
Contract search10.03 Ratings00 Ratings
Contract milestone reminders & alerts10.03 Ratings00 Ratings
Custom contract reports10.03 Ratings00 Ratings
Tracking contract status10.03 Ratings00 Ratings
Compliance check7.03 Ratings00 Ratings
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User Ratings
Agiloft Contract Lifecycle ManagementFirmRoom
Likelihood to Recommend
9.0
(3 ratings)
9.9
(2 ratings)
Likelihood to Renew
10.0
(1 ratings)
-
(0 ratings)
Usability
10.0
(1 ratings)
-
(0 ratings)
Support Rating
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
Agiloft Contract Lifecycle ManagementFirmRoom
Likelihood to Recommend
Agiloft
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.
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DealRoom
This is a great data room for a simple transaction. It does not offer all of the bells and whistles like some data rooms--but the price point is a fraction of what those data rooms cost. And I think this is a great solution for an M&A project. I'm not sure it would be as good for tracking what users viewed a document or how long--although in all honesty, I didn't see such features. These days, most clients want to try and use Dropbox or Google Docs and I feel that firm room is a far superior solution to those often-used choices and the price point is not very painful and does not decrease the attractiveness of the offering.
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Pros
Agiloft
  • Categorizing data based on your specific business needs.
  • Comparing documents and identifying risk.
  • Workflow management and visibility into state of things.
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DealRoom
  • Securely Store Documents
  • Customizable Permissions
  • Organize Files
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Cons
Agiloft
  • 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.
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DealRoom
  • There is some latency in loading larger documents. So sometimes it wasn't quite as quick as I would have liked.
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Likelihood to Renew
Agiloft
The current functionality is excellent and we keep getting request for more. Leadership wants to make this a one stop shop.
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DealRoom
No answers on this topic
Usability
Agiloft
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.
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DealRoom
No answers on this topic
Support Rating
Agiloft
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.
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DealRoom
No answers on this topic
Alternatives Considered
Agiloft
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.
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DealRoom
In expensive cost and simple design. There was basically no onboarding needed and you can sign up for yourself online. Security standards are similar to other M&A data rooms, but pricing is much less expensive. Never have to worry about permissions when adding new users to the virtual data room.
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Return on Investment
Agiloft
  • 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.
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DealRoom
  • Much less expensive than per page data rooms
  • Can view documents quicker with the in-platform viewer
  • Almost no training required which saves me time when inviting new users
Read full review
ScreenShots

Agiloft Contract Lifecycle Management Screenshots

Screenshot of Customizable Contract Manager HomepageScreenshot of Secure contract repository with full text searchScreenshot of Graphical workflow editor allows you to define your contract workflow without writing a line of code.

FirmRoom Screenshots

Screenshot of Home pageScreenshot of Management FunctionsScreenshot of Documents TabScreenshot of Data SecurityScreenshot of Data processingScreenshot of Analytics