Agiloft, the global standard in contract and commerce lifecycle management, announced it has been recognized by Gartner, Inc. as a Leader in the research and advisory firm’s first Magic Quadrant for Contract Life Cycle Management (CLM)*. Of the 12 vendors evaluated in the report, Agiloft is positioned in the Leaders quadrant. Get a complimentary copy of the report on the Agiloft website here.
In its
first Magic Quadrant for CLM, Gartner says:
“This
is Gartner’s first Magic Quadrant for CLM solutions. Historically, the CLM
vendor market has been highly fragmented, with vendors narrowly focused on
specific groups of stakeholders (e.g., legal, procurement or sales), making it
difficult to evaluate them side by side. That has begun to change, as vendors
evolve into enterprise-level solutions that can be used across all contract
types. Customers expect that the capabilities of any leading CLM solution,
regardless of its target audience, should excel at all stages of the contract
life cycle.”
Agiloft’s no-code platform allows organizations to customize the most complex workflows without writing a single line of code. A robust AI Engine simplifies the intake and organization of existing contracts and also identifies the level of risk in documents and clauses. The result is cost discipline in procurement, quantifiable reductions in revenue leakage in sales operations, and most importantly, visibility into contractual risk and regulatory compliance by legal departments. The platform is easily extensible to the commercial processes adjacent to contracts such as spend management and integrates with enterprise systems.
“We
are thrilled to be recognized as a Leader in the Gartner Magic Quadrant for Contract
Lifecycle Management. We believe our no-code platform is a differentiator, but
at the end of the day, customers choose Agiloft because of our company-wide
focus on making their CLM implementation a success,” said Colin Earl,
CEO of Agiloft. “We remain the only vendor in the industry with the
confidence to provide an unconditional satisfaction guarantee that covers both
software and implementation services.”
This announcement follows on the heels of other
Agiloft news, including being named the Value Leader and Customer Leader in
Spend Matters’ Q4 2019 CLM SolutionMap, PC Mag
Editor’s Choice for Contract Management Software for the fifth consecutive
year, and winning the 2019 Excellence in Customer Service
Award from Business Intelligence Group.
*Gartner “Magic Quadrant for
Contract Life Cycle Management” by Patrick Connaughton, Kaitlynn
Sommers, Marko Sillanpaa, Micky Keck. February 25, 2020.
Gartner disclaimer
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service depicted in its research publications, and does not advise technology
users to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions of Gartner’s
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particular purpose.
About Agiloft
Organizations ranging from small enterprises to U.S. government agencies and
Fortune 100 companies depend on Agiloft’s top-rated product suites for Contract Management Software, Service
Desk, Custom Workflow, and more. Agiloft specializes in automating processes
that are too complex for competing vendors. Our best-practice templates and
adaptable technology ensure rapid deployment and a fully extensible system.