With Ironclad, you don’t have to review the same contract multiple times with different people. Ironclad facilitates the signatures, the review process, the redlining, and negotiating — it really is seamless.
Unlike solutions that focus on one step of contracting, such as contract generation or signing, or one type of contract, such as sales contracts, Ironclad gives you wall-to-wall contract coverage in a modern, user-friendly solution.
And because we have a deep understanding of how Legal, Sales, Procurement, and other teams work together at modern enterprises, we’ve been able to develop collaboration and negotiation features that other tools simply can’t support.
The CLM landscape is highly fragmented. Here’s what to look for in your evaluation.
Point solutions
Tools for handling one aspect of CLM
Pick any step of the contracting process-document generation, approval, signature, or storage, for example-and you will be able to find a point solution for it.
These applications typically have limited implementation teams, workflow capabilities, and contract repositories.
While these tools may fit the bill for small companies, they lack the scalability and collaboration capabilities needed to support growing businesses.
Ironclad, on the other hand, provides a comprehensive solution for customers ranging from Fitbit to L’Oréal.
Point solution examples: Malbek, Linksquares, ContractPodAI
Legacy tools
For niche use cases or legacy technology ecosystems
Enterprise software used to be synonymous with long, unpredictable implementation timelines and frequent cost overruns.
But those days are long gone.
Today’s best-in-class solutions provide customers with rapid, low-cost deployments in the cloud. Ironclad, for example, combines consumer-grade usability with no-code automation capabilities.
CLM built before 2010, however, never evolved beyond a highly customized approach, with limited self-serve features.
Legacy solution examples: Agiloft (1990), Apttus (2006), Icertis (2009)
Single contract type CLM
For organizations that can only implement a solution for a single contract use case
It’s easy for companies to create information and communication silos by implementing too many tools.
But consolidating those tools requires time and money, so it’s best to choose the right solution from the start. When companies purchase sales-focused contract tools and try to use them for other types of contracts, they’re likely to experience buyer’s remorse. Sales-focused tools, for instance, simply don’t work for contracts like HR agreements and purchase orders.
Ironclad’s Workflow Designer and robust integrations help you future-proof your business by streamlining agreements in every department.
Sales specialist examples: Conga, DocuSign CLM
Procurement specialist examples: Coupa, JAGGAER, Oracle Procurement
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.
