Outdated processes have long shackled contracts, the hidden drivers of business success, slowing down innovation and stifling growth. But the contract lifecycle management (CLM) space is quickly catching up, with the proliferation of digital contracting tech and the emergence of entirely new legal-based industries (shoutout, legal ops!) As a result, CLM vendor differentiation and evaluation is harder than ever.
That’s why we’re thrilled to announce that Ironclad has been positioned in the Leaders category of the Forrester Wave™: Contract Lifecycle Management, Q2 2023. This report identifies and evaluates contract lifecycle management (CLM) vendors against a set of 26 rigorous criteria to help businesses and their IT decision makers select the best CLM suited to their specific needs. This year, the Forrester team identified 13 different vendors, with Ironclad amongst the vendors ranked as leaders
How does Ironclad stack up?
The prestigious report noted Ironclad’s commitment to product innovation—AI Assist, anyone?–, and fast bulk contract digitization capabilities with reference customers praising Ironclad’s ability to “manage high volume in less time with fewer people” and recognizing Ironclad’s contract negotiation and routing. The report also cited Ironclad’s network of integrations, with partners like OneTrust that integrate deeply with Ironclad to meet users in the tools they’re already working in. Per the Forrester report, “Companies in high-innovation industries or those with a large digital footprint should consider Ironclad.”
This report also comes at a time when the pace of innovation at Ironclad–especially in the AI space–is only accelerating, a fact it notes is evidenced by Ironclad’s product roadmap and frequent product updates.
Building the Future of CLM
To hear Jason Boehmig, CEO and co-founder of Ironclad tell it, “contracts are the most important, unsolved opportunity for modern businesses. Rather than merely fix a broken process, we took an entirely different approach by introducing the digital contract – transforming them from a blocker to an accelerant. We believe being named a Leader in the Forrester Wave is an honor and a testament to the hard work our team puts in for our customers day in, and day out.” We couldn’t agree more, and we’re just getting started.
Ironclad is not a law firm, and this post does not constitute or contain legal advice. To evaluate the accuracy, sufficiency, or reliability of the ideas and guidance reflected here, or the applicability of these materials to your business, you should consult with a licensed attorney. Use of and access to any of the resources contained within Ironclad’s site do not create an attorney-client relationship between the user and Ironclad.
More stories from our team.