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Agiloft Contract Lifecycle Management

Agiloft Contract Lifecycle Management

Overview

What is Agiloft Contract Lifecycle Management?

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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What is Agiloft Contract Lifecycle Management?

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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  • Setup fee required
For the latest information on pricing, visithttp://www.agiloft.com/software…

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  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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What is INHUBBER?

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.

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Product Details

What is Agiloft Contract Lifecycle Management?

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.


Agiloft Contract Lifecycle Management Features

  • Supported: One-click contract creation: Dates, fields, and formulas are automatically inserted into MS Word or PDF templates for rapid contract assembly.
  • Supported: Flexible approval workflows including parallel, sequential, and conditional
  • Supported: Redlining: Capture all changes to your documents and view redlined edits to compare versions and streamline contract review
  • Supported: Complete audit trail: Mitigate risk, meet Sarbanes–Oxley compliance requirements, and eliminate the need for manual document gathering
  • Supported: Built-in OCR: Automatically convert image files such as JPG, PNG, or PDF into fully searchable text documents, while still retaining the original image
  • Supported: Precise permission settings down to the field level for the most stringent privacy standards
  • Supported: Automated document assembly allows you to create an entire contract with a single mouse click. Dates, fields and formulas are substituted directly into MS Word or PDF document templates.
  • Supported: Approval workflows allow you to automate complex contract approval routing, including sequential, parallel, and conditional approvals.
  • Supported: Document versioning and check-in /check-out controls capture changes to documents and store all revisions for later review.
  • Supported: Version comparison shows redlined changes for documents.
  • Supported: The business rules engine handles time-based notifications about renewals and expirations as well as a host of other automation.
  • Supported: DocuSign integration adds secure, legally enforceable e-signature capability, eliminating the time and expense of gathering physical signatures.
  • Supported: Management reports and dashboards provide insight into contract costs, renewals and revenues.
  • Supported: A full audit trail and documentation, automatically created for every contract, meet Sarbanes Oxley compliance requirements, eliminating the need for manual document gathering by employees.

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.

Agiloft Contract Lifecycle Management Integrations

Agiloft Contract Lifecycle Management Competitors

Agiloft Contract Lifecycle Management Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows, Linux
Mobile ApplicationApple iOS, Android, Windows Phone, Blackberry
Supported CountriesAll
Supported LanguagesAll

Agiloft Contract Lifecycle Management Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)5%
Mid-Size Companies (51-500 employees)40%
Enterprises (more than 500 employees)55%
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Reviews and Ratings

(8)

Attribute Ratings

Reviews

(1-3 of 3)
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Score 9 out of 10
Vetted Review
Verified User
Incentivized
We use the Agiloft Contract Lifecycle Management for managing the contracts with vendors. We also use to renew them as soon as possible to allow for the highest number of discounts. The main business problem resolved by the software is replacing paper documentation. Another one would be replacing the Excel and Doc sheets. It has become significantly easier for new employees to understand the way the contracts work compared to having folders of contracts. During Covid, where "emergency situations" became more commonplace, regular changes in contracts are only possible through software like this one.
  • Time management for the contracts.
  • Quickly reviewing/editing contracts.
  • Speed of new contract creations.
  • Categorizing the contracts.
  • I am not a fan of the color scheme.
  • Many unnecessary integrations (Alexa).
  • Logging details about contracts should be easier to customize.
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.
Contract Authoring (4)
67.5%
6.8
Contract creation
80%
8.0
Contract templates
100%
10.0
Clause library/saved fields
90%
9.0
Guided logic
N/A
N/A
Contract Collaboration (6)
96.66666666666666%
9.7
Contract sharing
100%
10.0
Contract editing
100%
10.0
Collaborating on contracts
100%
10.0
MS Word plug-in
100%
10.0
Approval process
90%
9.0
Interdepartmental workflows
90%
9.0
Contract Monitoring (6)
95%
9.5
Contract database
100%
10.0
Contract search
100%
10.0
Contract milestone reminders & alerts
100%
10.0
Custom contract reports
100%
10.0
Tracking contract status
100%
10.0
Compliance check
70%
7.0
Contract Management
N/A
N/A
  • It became easier to maintain contracts and not forget deadlines for renewal.
  • In IT, we have not had any automatic contract renewals on worse terms.
  • Onboarding employees to show the way contracts work became easier.
  • Creating invoices in ERP became easier.
Agiloft is a better-known product, so we trusted it over the newer alternatives. I also researched its record in updating software to fit the newest needs of the consumers. Recent UI update went quite successfully, and I feel it is a great deal when the software many important people in the company look at looks great. Agiloft fit all our needs and there was no reason for us to decline it.
Microsoft 365 (formerly Office 365), SPS Commerce Fulfillment, Microsoft Dynamics 365 (formerly Microsoft Dynamics CRM)
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.
James Anderson | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Agiloft is managing all of our hospital and physician contracts that we negotiate with the health plans. The primary owner is our department which is the managed care department of our health system. We work with legal, compliance, risk and security during the workflow of the contract. Once the contracts are signed and put into action, we are able to publish all of the contracts to our central business office. They are part of the revenue cycle and have to review the contracts from time to time. Especially if there is a question on payment or lack thereof.
  • Categorizing data based on your specific business needs.
  • Comparing documents and identifying risk.
  • Workflow management and visibility into state of things.
  • Reporting ( I would love to see Power BI integration).
  • Easier to design End User Portal.
It is very well suited to companies that really want to customize their CLM to suite their needs. Agiloft is very flexible and has the ability to do whatever you need. We have been able to categorize our contracts based on industry standards which makes it very easy to search. Single sign-on has made user creation super easy and has allowed us to deploy quickly to over 500 users. There is no additional charge for end users to view which has saved us when compared to other vendors.
Contract Authoring (4)
95%
9.5
Contract creation
100%
10.0
Contract templates
100%
10.0
Clause library/saved fields
100%
10.0
Guided logic
80%
8.0
Contract Collaboration (6)
100%
10.0
Contract sharing
100%
10.0
Contract editing
100%
10.0
Collaborating on contracts
100%
10.0
MS Word plug-in
100%
10.0
Approval process
100%
10.0
Interdepartmental workflows
100%
10.0
Contract Monitoring (6)
96.66666666666666%
9.7
Contract database
100%
10.0
Contract search
100%
10.0
Contract milestone reminders & alerts
100%
10.0
Custom contract reports
90%
9.0
Tracking contract status
100%
10.0
Compliance check
90%
9.0
Contract Management
N/A
N/A
  • 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.
When compared to other vendors, we found that Agiloft was more flexible. When we asked Conga if they could add a column or field, they said it would take custom work and would cost money. This is something that anyone can do in Agiloft. Agiloft also offers the end users to interact with the system for free as long as they are not doing something to the workflow. Others, including Conga wanted to charge hundreds of dollars per user for that option.
400
The users range from the contract managers, legal, privacy and compliance. We also expose an end user portal to our central business office who is responsible for the revenue cycle.
4
We have 2 technical resources and 4 operations resources to manage Agiloft
  • Reviewing contracts to make sure they are being adhered to
  • Integration with some our internal systems like EPIC
  • Exposing a provider and department directory for end users
The current functionality is excellent and we keep getting request for more. Leadership wants to make this a one stop shop.
Yes
We had a product called Meditract. It was being utilized as a repository with no workflow.
  • Price
  • Product Features
  • Product Usability
  • Product Reputation
We were interested in customizing to meet our business needs. Also the price was excellent
I would not change anything.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
This system is being used across the whole organization; however, the Legal department is the main user. We have not yet rolled this out completely, as we are still fine-tuning it as we receive feedback from our core users. The goal is to use this system to manage both internal and 3rd party contracts across every department. Our current method is manual, meaning all drafting, reviews, approvals, and tracking are done by hand, through Microsoft Office, or via email for each agreement. We are hoping that Agiloft will reduce the turn around time for each contract and give us a simpler way to track the initiation of contracts through to expiry. Much of this we have already experienced through system testing. This should also allow us to get closer to a paperless system.
  • Customization of print template request forms: The customization of the request forms that are used to fill the blank fields in our contract templates is simply amazing. They don't only pull simple information like dates or financials but can be built in the back end to operate around rules. For example, We have a rule set up that a territory can't be selected for a given agreement if that territory is already in use. Before this we would have to manually search a list of all territories and whether they are exclusively used.
  • Tracking Function: This system allows us to track our contracts using any data we deem necessary. We can track by expiry, contract amount, contract type, territory, contract requester, etc. We can also create saved searches for particular contract data sets that we use frequently. These can also be very easily used to generate charts or graphs which allow us to see our rate of compliance and much more. This a functionality that we did not have when we tracked everything using one big excel spreadsheet, which had to be updated manually.
  • Employee/User Management: Agiloft allows us to manage our employees' ability to interact with the system. In our organization, some groups need more access than others. Some need to be able to view our contracts, and some need to participate in negotiations, approvals, signing, etc. This allows us to create groups which we can organize our employees into and restrict or enable access where necessary. Before Agiloft we would have to send contracts to employees via email upon request. Now they can search for themselves, which is much more efficient.
  • 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.
Any organization that does not currently have a designated contract management system or who is looking to upgrade to a newer more capable one would be well suited for Agiloft. Additionally, any person or company that deals with a high volume of contracts, agreements, legal documents, etc., would benefit greatly from this system.
Contract Authoring (4)
92.5%
9.3
Contract creation
100%
10.0
Contract templates
90%
9.0
Clause library/saved fields
90%
9.0
Guided logic
90%
9.0
Contract Collaboration (6)
91.66666666666666%
9.2
Contract sharing
90%
9.0
Contract editing
100%
10.0
Collaborating on contracts
90%
9.0
MS Word plug-in
90%
9.0
Approval process
90%
9.0
Interdepartmental workflows
90%
9.0
Contract Monitoring (6)
93.33333333333334%
9.3
Contract database
100%
10.0
Contract search
100%
10.0
Contract milestone reminders & alerts
90%
9.0
Custom contract reports
90%
9.0
Tracking contract status
90%
9.0
Compliance check
90%
9.0
Contract Management
N/A
N/A
  • Increased employee efficiency is by far the most noticeable impact. Contract generation time has been cut in half, if not more because the required fields on the request form eliminate the endless back and forth vial email.
  • Increased Compliance Rate: Departments can now only obtain legal approval through Agiloft, which drastically reduces the number of contracts signed without legal review.
  • One short term negative impact is training all employees on the system. This is time-consuming and sometimes met with hesitation by staff. But long term this increases efficiency across the board.
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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