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.
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INHUBBER
Score 9.5 out of 10
Mid-Size Companies (51-1,000 employees)
Contract lifecycle management platform with cloud security, digital signature and AI-powered document management.
AI helps customers simplify contract management by making it understandable, interactive and automated. Digital signature signs any file format along with text and images.
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.
It covers the basic contract management functions like setting deadlines, organizing documents in one place, and sending them for signature very well. We use it to reduce document complexity and extract and enhance metadata. It's perfect for managing obligations and information stored in contracts. In fact, AI-powered extraction is a great help to set up all relevant tasks during the initial contract management. It is perfect if you want to explicitly share not only the contract itself but also the attachments.
I suggest adding more AI analysis features to the data extraction. It is very useful for my work and I am always excited when you add new features. They help a lot in understanding the documents, setting deadlines, etc
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.
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.
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.
It saves time by replacing channels for document encryption. No need for emails; makes work safer and easier to figure out what document the team is working on.
No need to switch between the platforms to sign documents.
No need to read the whole document; just the places AI highlighted.
