Software that scales and does its job really well
We use the Agiloft Contract Lifecycle Management for managing the contracts with vendors. We also use to renew them as soon as possible to …
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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- Competitors
- Tech 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
Agiloft Contract Lifecycle Management Integrations
- DocuSign
- Salesforce.com
- Microsoft Exchange
- Google Drive
- QuickBooks Desktop Enterprise
- Microsoft Office
- Microsoft Outlook
- Active Directory/LDAP
- Google single sign-on
- Adobe Sign
Agiloft Contract Lifecycle Management Competitors
Agiloft Contract Lifecycle Management Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Linux |
| Mobile Application | Apple iOS, Android, Windows Phone, Blackberry |
| Supported Countries | All |
| Supported Languages | All |
Agiloft Contract Lifecycle Management Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 5% |
| Mid-Size Companies (51-500 employees) | 40% |
| Enterprises (more than 500 employees) | 55% |
Comparisons
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Reviews and Ratings
(9)Attribute Ratings
Reviews
(1-4 of 4)Companies can't remove reviews or game the system. Here's why
March 07, 2022
Software that scales and does its job really well
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.
67.5%
6.8
96.66666666666666%
9.7
94.28571428571429%
9.4
- 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.
March 04, 2022
Agiloft is right for you!!
This technology is utilised throughout the business, although the legal department is the primary user. We have not yet fully implemented this since we are presently fine-tuning it in response to input from our core users. The objective is for this system to be used to handle both internal and third-party contracts across all departments. Our current method is manual, which means that all drafting, reviews, approvals, and tracking for each agreement are done by hand, through Microsoft Office, or via email. We are expecting that Agiloft would shorten the turnaround time for each contract and provide us with an easier way to track contract start through expiry.
- Customization of print template request forms.
- Tracking Function.
- Employee/User Management.
- Reporting ( I would love to see Power BI integration).
- Easier to design End User Portal.
- It would be ideal if you could upload an executed agreement and have the system extract the data into the contract record.
95%
9.5
100%
10.0
97.14285714285714%
9.7
- Improved chances of finding the contract you're searching for.
- Increased Compliance Rate: Departments may now only receive legal permission through Agiloft, reducing the number of contracts executed without legal review significantly.
- Document compare saves time and mistakes.
We utilised ProLaw before installing Agiloft. ProLaw serves as an electronic library for all contracts within the organisation. We were able to make this work, although it was restricted in terms of usefulness. When it comes to tracking and contract creation, Agiloft is significantly superior. Both systems keep track of the agreements, but Agiloft handles a lot of the legwork for us. It generates agreements with the press of a button, controls user rights, and sends automatic reminders without the need for configuration. These are all items that ProLaw lacked or possessed but needed manual input. I was not the one who chose Agiloft as our new system, but after using it, I can see why.
April 09, 2020
Agiloft is flexible, inexpensive and right for you!
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.
95%
9.5
100%
10.0
97.14285714285714%
9.7
- 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.
- Conga Contracts (formerly Novatus)
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
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.
October 04, 2019
Manage Contracts with Increase Efficiency and Compliance
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.
92.5%
9.3
91.66666666666666%
9.2
92.85714285714286%
9.3
- 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.