Agiloft Contract Lifecycle Management vs. Workday Strategic Sourcing

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
Workday Strategic Sourcing
Score 7.8 out of 10
N/A
Workday Strategic Sourcing, formerly Scout RFP, which was acquired by Workday in late 2019, is a collaborative, cloud-based solution that makes sourcing a strategic arm of the business by providing greater visibility throughout the entire sourcing and supplier engagement process. The solution boasts 300,000 users in more than 155 countries have who manage their spend with the application.N/A
Pricing
Agiloft Contract Lifecycle ManagementWorkday Strategic Sourcing
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Agiloft Contract Lifecycle ManagementWorkday Strategic Sourcing
Free Trial
YesNo
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 ManagementWorkday Strategic Sourcing
Top Pros
Top Cons
Features
Agiloft Contract Lifecycle ManagementWorkday Strategic Sourcing
Contract Authoring
Comparison of Contract Authoring features of Product A and Product B
Agiloft Contract Lifecycle Management
8.8
3 Ratings
6% above category average
Workday Strategic Sourcing
-
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
14% above category average
Workday Strategic Sourcing
-
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
Workday Strategic Sourcing
-
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
Best Alternatives
Agiloft Contract Lifecycle ManagementWorkday Strategic Sourcing
Small Businesses
Jotform
Jotform
Score 8.7 out of 10
BILL Spend & Expense
BILL Spend & Expense
Score 8.9 out of 10
Medium-sized Companies
Jotform
Jotform
Score 8.7 out of 10
Lola.com
Lola.com
Score 8.0 out of 10
Enterprises
DocuSign CLM
DocuSign CLM
Score 8.3 out of 10
GEP SMART
GEP SMART
Score 8.5 out of 10
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User Ratings
Agiloft Contract Lifecycle ManagementWorkday Strategic Sourcing
Likelihood to Recommend
9.0
(3 ratings)
9.1
(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 ManagementWorkday Strategic Sourcing
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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Workday
Scout RP is wonderful to help keep an RFP very organized. It is excellent to have a single version, so that all team members helping compile an RFP response have a single place to know that they are on the current version. If a company doesn't want to respond within Scout RFP, it's my understanding that the RFP information can be exported from Scout RFP, compiled in a different tool (like XLS), and then pulled back into Scout RFP for submission. From a collaboration standpoint, there's not an easy way to "assign" questions or items. Sometimes at my company, we need different experts to answer different questions. We have to use another tool, like email or Slack, to let that person know he/she needs to answer. However, in other tools, a certain block can be assigned to the person internally within the tool.
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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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Workday
  • Contract Pipeline
  • Contract Management
  • Supplier Onboarding
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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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Workday
  • No way to flag where I need an internal colleague to review or add to an answer
  • No way to assign items to an internal team member for that person to answer a question
  • No status bar of the remaining items not yet answered
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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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Workday
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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Workday
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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Workday
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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Workday
I have only used RFPIO to facilitate searching for RFP answers. I have used Scout RFP only to respond to customer RFPs. I assume they have functional overlap, but my interactions with each have not included this functional overlap. For each tool's respective use, I have found them very simple, intuitive, and helpful.
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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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Workday
  • Contract Management has saved a ton of time and energy
  • Reporting has been helpful
  • Spend management has improved over time
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.

Workday Strategic Sourcing Screenshots

Screenshot of