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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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Pricing

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Agiloft Contract Lifecycle Management

Agiloft Contract Lifecycle Management

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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.

Entry-level set up fee?

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

Offerings

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

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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

(1-1 of 1)
Companies can't remove reviews or game the system. Here's why
March 07, 2022

Software that scales and does its job really well

Verified User
Analyst in Information Technology
Retail Company, 1001-5000 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
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.
Pros and Cons
  • 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.
Likelihood to Recommend
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.
Agiloft Contract Lifecycle Management Feature Ratings
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
Return on Investment
  • 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.
Alternatives Considered
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.
Other Software Used
Microsoft 365 (formerly Office 365), SPS Commerce Fulfillment, Microsoft Dynamics 365 (formerly Microsoft Dynamics CRM)
Usability
10
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.
Support Rating
10
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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