As the leading contract management platform for modern legal teams, we have always worked hard to put best-in-class contract lifecycle management (CLM) software into the hands of our customers.Today, we’re excited to announce that those efforts have been recognized by the market: Ironclad has been positioned in the “Leader” category of the 2023 IDC CLM MarketScape. This annual report evaluates the top vendors in the CLM space and assesses their ability to deliver scalable solutions for buy-side contract management.
Leading the CLM Charge
Recognized for its intuitive, easy-to-use platform, customizable workflows, and AI contract management capabilities, Ironclad enables legal teams to manage their work with greater speed, accuracy and enterprise-grade scalability. According to the report, “The Ironclad platform was built to process and administer all contract types, whether from legal, sales, procurement, marketing – any line of business.” And interviewed customers agreed, citing “relatively quick implementations and seamless data discovery and loads.”
IDC researchers dove deep into Ironclad’s robust functionalities, explaining how it “makes heavy use of user-friendly features such as chat and activity feeds, in-product collaboration that extends to external counterparties and browser-based editor built to the DOCX standard. AI-powered negotiation guidelines can be deployed to let users build negotiation workflow rules to reduce contractual, financial, regulatory or data privacy risks in the process.”
The report also highlights the Ironclad Partner Ecosystem, a network that allows businesses to integrate Ironclad’s platform into their tech stack to streamline the contracting process and maximize ROI on their existing sales, business intelligence, document management, and automation tools, including Salesforce, Zapier, and DocuSign. According to the report, “Role assignments across IT, legal, finance and Operations are automated with intelligent approval routing that drives efficiency and speed of contract processing. Ironclad chooses best-in-breed partners, including has chosen to partner with strategic partners like Coupa, Oracle, iProcurement, OpenAI, and Zip.”
Powering the World’s Contracts
“Since 2014, we have been on a mission to power the world’s contracts by bringing them into the digital age,” said Jason Boehmig, CEO and Co-Founder of Ironclad. “Contracts are at the core of every single business decision, and are the single most under-utilized tool to speed up business and drive tangible business results. It is an honor to be recognized by IDC as a Leader in the CLM space, and a testament to the work we put in every day for our customers.”
Ironclad serves customers across a wide range of industries from technology and IT to healthcare, media and entertainment, and financial services. Customers like L’Oréal, the Texas Rangers, and Dropbox use Ironclad and its AI-driven functionalities to turn their business contracts into critical carriers of data, speed up their contracting, and drive business impact.
To see how Ironclad can transform your contract management processes, request a demo today.
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.
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