Agiloft Contract Lifecycle Management vs ContractWorks

Agiloft Contract Lifecycle Management manages contracts from request and creation through negotiation, approval, execution, obligations, and renewal. Teams can configure workflows, approvals, data models, and automations without code. The contract repository makes information searchable and reportable, including risks, revenue, and obligations. Agiloft Astra answers contract questions, compares language with organizational standards, extracts commitments, and triggers notifications and deadlines. The platform includes approval workflows, renewal tracking, templates, built-in e-signature, and API access. Agiloft lists more than 1,000 pre-built connectors, including Salesforce, SAP, Oracle, Slack, Microsoft Teams, Adobe Sign, DocuSign, Google Workspace, Word, and Outlook. It supports web and API access and both deployment options. The company states SOC 1, SOC 2, ISO 27001, and ISO 27701 certifications. Packages are Essentials, Advanced, and Premium, with prices available on request and no free plan. Agiloft recommends professional services or a certified partner for initial implementation. Support includes a 24/7 portal and business-hours phone service.

ContractWorks is a cloud-based repository for storing, searching and tracking agreements. Its AI can identify details such as agreement type, parties, effective dates, renewal terms and notice windows; OCR and advanced search help locate contract information. Users can schedule custom reports and receive alerts about important dates. Built-in electronic signatures let recipients sign without a ContractWorks license or login. Administrators can assign permissions to invited users, and audit reports record users, dates, times and actions. ContractWorks says it is SOC 2 Type 2 compliant and uses 256-bit encryption for data in transit and at rest. It says its AWS data centers store information in multiple locations in the United States and European Union, with encrypted hourly backups. Listed integrations include Salesforce, Fujitsu ScanSnap and SAML 2.0 single sign-on. Standard costs $600 a month, billed annually, and includes unlimited users, 2,500 documents and five e-signature licenses. A 14-day free trial is available, but there is no free plan.