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Agiloft

Agiloft

Overview

What is Agiloft?

Agiloft offers contract lifecycle management (CLM) software, connecting contractual commitments to real business outcomes using its Data-first Agreement Platform (DAP). With contract data as the foundation, customers can collaboratively reach agreement and leverage contract visibility.Employing artificial intelligence as a…

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Pricing

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What is Agiloft?

Agiloft offers contract lifecycle management (CLM) software, connecting contractual commitments to real business outcomes using its Data-first Agreement Platform (DAP). With contract data as the foundation, customers can collaboratively reach agreement and leverage contract…

Entry-level set up fee?

  • Setup fee optional
For the latest information on pricing, visithttps://www.agiloft.com/pricing/

Offerings

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

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Product Details

What is Agiloft?

Agiloft offers contract lifecycle management (CLM) software, connecting contractual commitments to real business outcomes using its Data-first Agreement Platform (DAP). With contract data as the foundation, customers can collaboratively reach agreement and leverage contract visibility.


Employing artificial intelligence as a legal force multiplier, and integration capabilities as a data liberator, organizations can use Agiloft’s certified implementers to deliver connected, intelligent, and autonomous solutions across the contract lifecycle.


Agiloft boasts a 99.6% implementation success rate, and a 97% customer retention rate, with companies like CDW, Roche, BISSELL, and Fraser Health, as users of Agiloft's CLM software.

Agiloft Features

Contract Authoring Features

  • Supported: Contract creation
  • Supported: Contract templates
  • Supported: Clause library/saved fields
  • Supported: Integration to CPQ
  • Supported: PDF generator
  • Supported: Contract attachments
  • Supported: Guided logic

Contract Collaboration Features

  • Supported: Contract sharing
  • Supported: Contract editing
  • Supported: Contract merge
  • Supported: Collaborating on contracts
  • Supported: MS Word plug-in
  • Supported: Approval process
  • Supported: Parallel approvals
  • Supported: Interdepartmental workflows

Contract Monitoring Features

  • Supported: Contract database
  • Supported: VORs
  • Supported: Contract search
  • Supported: Contract milestone reminders & alerts
  • Supported: Custom contract reports
  • Supported: Tracking contract status
  • Supported: Salesforce integration
  • Supported: Compliance check

Contract Management Features

  • Supported: Contract Storage
  • Supported: Document Management
  • Supported: Advanced Search and Filtering
  • Supported: Version Controls
  • Supported: Customizable Contract Templates
  • Supported: Workflow Acceleration
  • Supported: E-Signatures
  • Supported: Reminders and Alerts
  • Supported: Analytics and Reporting
  • Supported: Integration with other Systems

Additional Features

  • Supported: One-click contract creation: Dates, fields, and formulas are automatically inserted into MS Word or PDF templates for rapid contract assembly.
  • Supported: Redlining: Captures changes to documents and shows redlined edits to compare versions and streamline contract review
  • Supported: Audit trail: Meets Sarbanes–Oxley compliance requirements, and eliminates the need for manual document gathering
  • Supported: Built-in OCR: Automatically converts 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 stringent privacy standards
  • Supported: Automated document assembly allows the creation of a contract with a single mouse click with dates, fields and formulas substituted directly into MS Word or PDF document templates.
  • Supported: Approval workflows that 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.
  • Supported: Management reports and dashboards provide insight into contract costs, renewals and revenues.

Agiloft Screenshots

Screenshot of Agiloft dashboards that provide access to data and insightsScreenshot of function-specific dashboards that provide access to the most relevant dataScreenshot of records with clear process advancement prominently featuredScreenshot of a configurable viewScreenshot of Agiloft's search feature that reveals contracts in even the largest repositoriesScreenshot of the drag-and-drop workflow creation that lets users manage their process without code.Screenshot of the plug-in that puts contracts, including AI review and data analysis at users’ fingertipsScreenshot of generative AI redlining, used to align third party clauses with standard language.Screenshot of the GenAI Prompt Lab that shares prompt templates with all for rapid automation of repetitive tasksScreenshot of the Generative AI that lets authorized users intelligently question any contract

Agiloft Video

Redlining Rage webinar

Agiloft Integrations

Agiloft Technical Details

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

Frequently Asked Questions

Ironclad, Icertis, and DocuSign CLM are common alternatives for Agiloft.

Reviewers rate Contract templates and Contract sharing and Contract editing highest, with a score of 10.

The most common users of Agiloft are from Mid-sized Companies (51-1,000 employees).

Agiloft 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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Comparisons

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Reviews From Top Reviewers

(1-2 of 2)

Manage Contracts with Increase Efficiency and Compliance

Rating: 9 out of 10
October 04, 2019
CK
Vetted Review
Verified User
Agiloft
1 year of experience
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.
Cons
  • 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.

Agiloft - without it, I'd be Agilost

Rating: 10 out of 10
July 13, 2017
CC
Vetted Review
Verified User
Agiloft
2 years of experience
We utilize this unique tool to manage requisitions, approvals, and contractor ticketing. Users across the entire business create requisitions, approvals route to the appropriate budget owners (based on a developed workflow), the appropriate finance team member, the entire accounting team, then the legal team for contract negotiation and purchase order creation. Agiloft has decreased our requisition approval turnaround time by four days - a huge value add to a fast pace high volume company like ours.
  • Ease of use for both end users and administrators
  • Limitless workflow development to automate processes
  • Flexibility to integrate with other software platforms
Cons
  • We have a history of quick but unhelpful responses from customer support. Fortunately, we are able to work with our implementation specialist when support tickets require escalation. There is a clear eagerness to assist, but the communication from support lacks depth. You have to be extremely specific with your desired resolution.
Agiloft is perfect for managing requisitions, linking those requisitions to their appropriate contracts (and getting the contracts directly executed via DocuSign or Adobe), notifications on upcoming renewals, spend tracking, trend analysis, contractor access management and ticket automation, audits, and much more. The tool flexible enough to integrate with other platforms but users need to be made aware of the requirements/limitations of the integrations.
  • Agiloft has streamlined the requisitioning process and eliminated manual effort and repetitive low-value tasks.
  • We now have a single source of truth for our SOC audits.
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