Compare ContractRoom vs DocuSign CLM

Summary

ContractRoom is an intuitive contract lifecycle management platform that helps companies accelerate agreement related closures, enhancing collaboration and increasing staff efficiency levels at the same time. It assists companies to reduce staff efforts by streamlining and automating the way contract requests are submitted. The solution also helps to drive standardisation of contracts by retaining and reusing proven standard languages, clauses and negotiation strategies. With ContractRoom, companies can offer online access to non-legal internal users as well as third parties to review contracts. It also enables users to search and locate contracts in an instant across a unified repository as per convenience. Companies get more control over all of their agreements at every step by viewing and monitoring them from a single space. Moreover, ContractRoom also enables businesses to track key dates and send notifications automatically. Thus helping out involved parties to meet all types of milestones and obligations in real-time. ..show more

Docusign CLM is a tool that helps organizations automate all their documentation by electronically requesting signatures. It provides an easy and hassle-free way to streamline agreement lifecycles by changing manual processes into an automated workflow. This results in a faster and efficient way of doing business. It comes with robust functionality that is very easy to implement across the entire organization. The tool is flexible and configurable, allowing businesses to design and automate even the most complex agreement processes. Users can build contracts with predefined templates for signatures, approvals, and routing. These templates allow users to work faster by creating and customizing standard contract processes for the organization. The tool can be used to tag, organize, and store all contracts in a single place with granular permission controls for better management and faster turnarounds. Business users can conveniently send contracts for track changes and reviews across multiple versions to maintain a record for everything done. ..show more

Approval Workflow Allows to route the documents to one or multiple people for seeking their approval

Auto Extraction Helps in conducting auto scanning of data and extract the required piece of information from a contract document

Buy Side (Suppliers) Helps managing contracts of firms that buy investment services like securities

Completion Tracking Helps in setting certain completion criteria for any activity within a contract management process

Contact Management Organizing customer data in a centralized location and handling contact details, demographics, transactions, etc.

Contract Drafting Helps in drafting a reliable and secure contract for understanding properly the terms of the agreement

Contract Templates Provides ready-made beautiful templates for writing different types of contracts

Digital Signature A facility to capture digital signature in a secure format

Document Management Ability to store and manage various information and documents in electronic format.

Full Text Search Allows and helps in searching for a single or a collection of computer-stored documents in a full-text database.

Government Contracts Helps taking care of Government contracts that allows you to sell your goods/services to the Government and its different agencies

Lifecycle Management Helps in automating and managing all the critical phases of a contract, starting from its initiation until its compliance and renewal.

Milestone Tracking They act as signposts through the course of your project, as they help to ensure that you're staying on track.

Sell Side (Customers) Helps in managing the contracts related to the firms that sell investment services to asset management firms/organizations

Specialty Contracts Helps managing specialty or formal contracts that mainly are written agreements, as a deed.

Version Control It gives the team the ability to recall specific versions of a document, code, content, file, or folder that records changes over time.

• Microsoft SharePoint
• Microsoft Dynamics 365 for Sales
• Salesforce
• DocuSign

• SAP Ariba
• Salesforce
• NetSuite

Top alternatives to ContractRoom

Contract Insight

Ironclad

Gatekeeper

Icertis Contract Management

ContractSafe

Top alternatives to DocuSign CLM

Ironclad

Lightico eSignature

DocuSign

Contract Insight

Gatekeeper