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February 27, 2019
Concord is being used by my organization to manage its corporate contracts. It is being being used by the legal department, but may cross other department lines and possible even the whole corporate head quarter organization? It addresses effective and termination date deadlines via weekly easy to understand summary reporting, which effectuates supreme time management for very busy c-suite executives and their business teams.
- Weekly streamlined summary reporting.
- Ease of use inbox items.
- Ease of use administrator settings.
- Ease of use for other users.
- Minimal training required.
- Easy on-boarding and implementation.
- At your fingers 24/7 assistance.
- Easy to understand application.
- Summary should be default screen, not discussion.
- Tagging should be kept as simple as possible.
- Templates could be expounded upon.
Previous to our implementation of Concord we did not have a CLM in place. We knew we didn't have incredibly big asks and we wanted to focus on finding a product that fit our core needs. Our core needs being: automated template creation, multi-entity support, and automated reporting/notification of upcoming events (i.e. notice of non-renewal deadlines, tactic agreement renewals, etc.).
Due to having contractors globally, we have a fair number of documents to send to each IC on a monthly basis. In the past, we were printing, signing and scanning back the documents. This process took hours every month and was an inefficient use of our team's time. We also wanted to make sure that we didn't miss an automatic renewal, which is what originally forced the conversation to start about implementing a CLM. Had we not missed the one automatic renewal that we didn't intend to renew, we would have saved nearly our entire first year's cost of Concord. Then again, maybe without having it automatically renew, we wouldn't have found Concord. There's always a silver lining.
- Automated templates are incredibly easy to implement. Concord also does, for the most part, very well at keeping formatting when uploading documents in Word. The only downside is if you use formulas (naming convention for contracts), if you do not copy + paste as values before uploading then it will give the contract the name of the formula.
- User management has been and still is, a pain point for us. We operate over a dozen entities and for the most part, anyone with access to Concord on our team has the same permissions across all entities. We must manage users one-by-one so onboarding + offboarding can be tedious.
- The analytics are basic. I wish we could slice and dice and say "Show me only contracts tagged with X tag".
November 28, 2018
We use Concord for Statement of Work templates through the e-signature process. We use the free version (up to 3 users) which allows for online document collaboration, unlimited e-signatures, a secure repository (no limits) and alerts. We initially found this tool for the occasional need for e-signatures and if we started doing significantly more frequent contracting, I'm sure we would upgrade.
- e-signatures (with notifications).
- Templates (upload, create, change).
- Secure storage.
- For what we use, we do not see any areas that are in need of improvement.
Concord Scorecard Summary
Feature Scorecard Summary
What is Concord?
Concord is designed to be the only tool needed for contracts, so users can spend less time juggling between applications, editors, and e-signature tools and save money.
The vendor states over 500,000+ companies use Concord with their contracts. With Concord, users can:
Draft, negotiate, sign, and manage every contract across an organization — all in one place
Work on Concord, Word, or Google Docs
Collaborate with teams, customers, and vendors
Key features that Concord offers
Conditional approval workflows so that every contract is reviewed by the right person (and only that person)
Private comments and versioning for more effective contract negotiations
Clause library for all pre-approved clauses, to add to contracts as-needed
Templates to streamline the contract drafting process
Concord Screenshots
Concord Video
Get started with Concord: https://www.concordnow.com
An overview Concord, including the inbox, workflows, in-platform, negotiation, e-signature, and lifecycle management.
Concord Downloadables
- A how-to guide to buying contract management solutions.
- An evaluation toolkit including hands-on worksheets for questions to ask, building your business case, and a total cost of ownership worksheet to help you get the best solution for your needs.
- An ROI Calculator provides estimates based of expert data for savings and additional revenue generated by implementing a contract management solution.
Concord Integrations
Concord Competitors
Concord Pricing
- Has featureFree Trial Available?Yes
- Has featureFree or Freemium Version Available?Yes
- Does not have featurePremium Consulting/Integration Services Available?No
- Entry-level set up fee?No
| Edition | Pricing Details | Terms |
|---|---|---|
| Free | Free | |
| Starter | $279 | per 5 users/per month |
| Standard | $399 | per 5 users/per month |
| Pro | $419 | per 5 users/per month |
| Enterprise | Contact sales team |
All inclusive pricing built for you. Concord pricing includes implementation, services, and unlimited support. All Concord plans include unlimited documents and unlimited e-signatures.
Concord Support Options
| Free Version | Paid Version | |
|---|---|---|
| Phone | ||
| Forum/Community | ||
| FAQ/Knowledgebase | ||
| Social Media | ||
| Video Tutorials / Webinar |
Concord Technical Details
| Deployment Types: | SaaS |
|---|---|
| Operating Systems: | Unspecified |
| Mobile Application: | No |
| Supported Countries: | Customers in more than 130 countries |
| Supported Languages: | English, French |