Procurement Tech Focus: Top Contract Management Platforms
DocuSign
Platform: DocuSign Agreement Cloud
CEO: Dan Springer - LinkedIn
Founded: 2003
HQ: San Francisco, USA
Employees: 6,808 on LinkedIn at time of publishing
Follow: docusign.com / FB / LI / Twitter
Description:
Founded in 2003, DocuSign pioneered the development of e-signature technology, and remains a market-leader in helping organisations connect and automate their contract management, and revolutionise how they prepare, sign, act on, and manage agreements.
It is a global leader in digitisation of slow, inaccurate and inefficient paper-based legacy systems, automating the process and integrating with existing business systems. The DocuSign Agreement Cloud platform includes more than 350 prebuilt integrations with leading enterprise software solutions, with APIs to connect to websites, mobile apps and more. More than 500,000 customers and hundreds of millions of users in over 180 countries use DocuSign to accelerate and simplify the process of doing business.
Key Customers: BMW, Apple, VISA, Unilever, T-Mobile
Fast Facts:
- - More than 1,000,000 paying customers and over a billion users worldwide
- - 13 of the top 15 Fortune 500 Technology companies
- - 14 of the top 15 Fortune 500 Healthcare companies
- - 15 of the top 15 Fortune 500 Financial companies
- - Over 3,000 government agencies
Icertis
Platform: Icertis Contract Intelligence (ICI)
CEO: Samir Bodas - LinkedIn
Founded: 2009
HQ: Washington, USA
Employees: 1,595 on LinkedIn at time of publishing
Follow: icertis.com / FB / LI / Twitter
Description:
Icertis’s stated mission is to be the contract intelligence platform of the world. Its market-leading platform Icertis Contract Intelligence (ICI) leverages AI to transform contracts from a static document into what it calls a “strategic advantage”. The cloud-based solution covers the full lifecycle management, from setup, to negotiations and signing.
From the core ICI platform, Icertis provides a suite of products under the ICI Business Applications umbrella, empowering organisations to readdress and review contracts, mitigate hidden risk, ensure compliance and obligations, and onboard suppliers. More than 10m contracts are under management on the platforms, across 90+ countries and 40+ languages.
Icertis was recently named the 2021 Microsoft AI Partner of the Year, was recognised in May’s Gartner Magic Quadrant for Contract Lifecycle Management, and won a 2021 SAP Pinnacle Award.
Key Customers: Airbus, Daimler, Porsche, Johnson & Johnson, Merck, Microsoft
Fast Facts:
- - 10m+ contracts managed
- - Contracts worth more than $1 trillion
- - 12 global offices from Silicon Valley to Sydney
SirionLabs
Platform: SirionOne
CEO: Ajay Agrawal - LinkedIn
Founded: 2012
HQ: Washington, USA
Employees: 553 on LinkedIn at time of publishing
Follow: sirionlabs.com / FB / LI / Twitter
Description:
SirionLabs helps the world’s leading businesses contract smarter on its SirionOne platform. Intuitive to use and highly configurable, SirionLab’s platform leverages AI and natural language processing to create a single source of truth, bringing enterprise teams closer together to collaborate on stronger agreements and manage risk.
Integrating with many ERP, CRM and third-party enterprise systems, SirionLabs’ platform leverages emerging technology to extract data to mitigate risk, simplify the legal review process, and surface actionable data to inform future negotiations. Users can also drive results through performance management, with simplified visualisation and reporting, obligation management, and end-to-end transparency.
Key Customers: Vodafone, EY, Credit Suisse, Unilever
Fast Facts:
- - 5m+ contracts managed
- - $450bn+ contract value managed
- - Users in 70+ countries
Agiloft
Platform: Agiloft Contract Lifecycle Management Suite
CEO: Eric Laughlin - LinkedIn
Founded: 1990
HQ: California, USA
Employees: 166 on LinkedIn at time of publishing
Follow: agiloft.com / FB / LI / Twitter
Description:
Agiloft’s Contract Lifecycle Management Suite is the flagship product in the company’s market-leading enterprise software solutions. Fully customiseable, and built on a no-code platform, users can gain greater control over their contract management on both buy and sell-side, from initiation through execution.
Seamlessly integrating with existing systems, organisations can gain immediate access to all their contracts, create new contacts instantly from standardised templates, streamline reviews, monitor regulatory compliance and risk, and safeguard data from cyberattacks.
In June 2021, Agiloft announced that is CLM solutions are now available on Amazon Web Services Marketplace. Current AWS customers can now seamlessly deploy the solution.
Key Customers: Honda, Chevron, NASA, U.S. Air Force, ZeniMax Media
Fast Facts:
- - 3m+ users of Agiloft products
- - Customers range from SMEs to Fortune 100 companies and US government agencies
- - Formerly known as Integral Solutions Corporation
Conga
Platform: Conga CLM
CEO: Noel Goggin - LinkedIn
Founded: 2006
HQ: California, USA
Employees: 925 on LinkedIn at time of publishing
Follow: conga.com / FB / LI / Twitter
Description:
Conga’s CLM solution automates lengthy administrative tasks, with functionality to drive better management and further efficiencies throughout the contract lifecycle. The central platform acts as a central repository for organisations to gain greater visibility over ever contract across ever department.
The platform further automates authoring, negotiation, approvals and reporting for efficiency and accuracy, ensuring complex contracting with no errors and full compliance. Conga was acquired by Apttus in mid-2020 in a deal said to be worth more than $700m, and took its name and branding.
Key Customers: Honda, Chevron, NASA, U.S. Air Force, ZeniMax Media
Fast Facts:
- - 10,000 customers worldwide
- - $400m in revenue (GAAP)
- - Acquired by Apptus in 2020
