Published: 25 October 2023
Summary
The CLM market is very saturated, with tools appearing to have similar product offerings, making it hard for clients to decipher their best-fit CLM tool. This research helps application leaders compare and select vendors’ software according to their ability to support prioritized use cases.
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Overview
Key Findings
Many organizations only prioritize parts of the CLM process when choosing a tool to address specific departmental pain points. For example, organizations tend to start their CLM journey with a contract storage or repository.
On the surface, vendors present very similar product offerings to the market, making it hard for CLM buyers to choose and differentiate between vendors.
Organizations are demanding efficiencies and time savers in their contracting process while maintaining a high level of diligence and integrity. CLM features, such as automated contract review, online negotiation, obligation management and new generative AI capabilities are expected to help organizations meet
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- Agiloft
- CobbleStone Software
- Conga
- ContractPodAi
- Coupa
- DocuSign
- Evisort
- Gatekeeper
- GEP
- Icertis
- Ironclad
- Ivalua
- JAGGAER
- LinkSquares
- Sirion
- Wolters Kluwer
- Application Administration
- Contract Request
- Contract Creation
- Negotiation and Approval Workflow
- Contract Storage
- Contract Search
- Reporting
- Obligation and Compliance Tracking
- Contract Digitization
- Contract Update/Renewal
- Integration
- Presignature
- Presignature (Third-Party-Generated Contracts)
- Postsignature
- Postsignature (Advanced)
- Full Life Cycle
Gartner Recommended Reading
Critical Capabilities Methodology