Overview
What is EraCLM?
EraCLM (formerly ContractRoom) is a negotiation process and contract management platform, designed to remove the endless back-and-forth and annoying redlines - instead providing perfect drafts, frictionless negotiation, and super simple compliance. EraCLM also leverages all the past data from business…
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What is EraCLM?
EraCLM (formerly ContractRoom) is a negotiation process and contract management platform, designed to remove the endless back-and-forth and annoying redlines - instead providing perfect drafts, frictionless negotiation, and super simple compliance. EraCLM also leverages all the past data from…
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- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Details
- About
- Competitors
- Tech Details
What is EraCLM?
EraCLM (formerly ContractRoom) is a negotiation process and contract management platform, designed to remove the endless back-and-forth and annoying redlines - instead providing perfect drafts, frictionless negotiation, and super simple compliance. EraCLM also leverages all the past data from business negotiations to improve the end-to-end process and decision-making over time. The vendor says its intuitive design and configuration make it perfect for both large and small organizations.
EraCLM is a Mitratech product since the May 2021 acquisition and relaunched under its new name in November of 2021. With this relaunch, the vendor states that the product's architecture enhancements will increase the platform's speed and agility, among other benefits for customers.
EraCLM 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
Additional Features
- Supported: predictive analytics
- Supported: analytics
EraCLM Screenshots
EraCLM Video
EraCLM Competitors
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EraCLM Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Countries | All countries with which USA can trade |
| Supported Languages | 60 |
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Reviews and Ratings
(1)
Community Insights
- Recommendations
ContractRoom has received several recommendations from users. Users highly recommend ContractRoom as a tool for contract building and negotiations, appreciating its intuitive design decisions that make the contract process easy. They describe it as a 21st-century way to negotiate and do contracts.
Another recommendation is to stick to one web browser when using ContractRoom to ensure a consistent experience. This helps avoid any potential compatibility issues that may arise from switching between different browsers.
Users also recommend taking advantage of the cloud-based SaaS solution offered by ContractRoom. This allows for easy access to contracts and agreements from anywhere, making it especially beneficial for product firms that use agreements to seal the deal. Additionally, ContractRoom is particularly useful for firms that have 3-5 standard agreements sent to thousands of customers.
Furthermore, users advise being aware that setting up the logic and getting things rolling with ContractRoom may take some time. Overall, ContractRoom is recognized as a highly recommended tool for contract management and negotiation purposes.
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