ContractRoom vs Ironclad Comparison

ContractRoom

Contract Management Software

4.4 17 user ratings

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97% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Ironclad

Contract Management Software

4.7 223 user ratings

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Overview

Description	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. Read more	Ironclad is a digital contracting platform that helps its users to streamline and automate all their contacts from simple to complex. The software is equipped with a workflow designer that pairs with a drag-and-drop UI that results in making it easier for legal to bake business processes into the contracts of users. Users are provided with a powerful in-app editing, along with negotiation features, and red-lining, which make it easier for teams to work collaboratively in order to get the best deal done. One can use the dynamic repository that unlocks contracts data in real-time and gives only legal insights to participate in the business. The software empowers the business users to launch contracts on their own within the guardrails with features like self-service contracting for business users and powerful conditionality for any user. Users can trigger multiple approvals and track activities to pull the right teammates into the conversation at the right time through features such as activity feed, word native, and email-integrated. Read more
Pricing Options	Free Trial Not Available ContractRoom Offers Custom plan.	Free Trial Not Available Ironclad Offers Custom plan.
SW Score & Breakdown		97% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 99% Reviews 86% Momentum 63% Popularity 93%
SaaSworthy Awards	# 10 Most Popular	# 2 Most Worthy # 4 Highly Rated

Features

Total Features	16 Features	16 Features
Common Features for All	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. + 13 More - Show Less	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. + 13 More - Show Less

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud	SaaS/Web/Cloud
Modes of Support	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.4/5 17 user ratings	4.7/5 223 user ratings
Ratings Distribution	Excellent 60.8% Very Good 29.4% Average 2% Poor 3.9% Terrible 3.9%	Excellent 72.6% Very Good 21.5% Average 5.4% Poor 0% Terrible 0.4%
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Pricing

Pricing Options	Free Trial Not Available ContractRoom Offers Custom plan.	Free Trial Not Available Ironclad Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Viewers Custom Professional Custom Administrators Custom	Ironclad Custom
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Alternatives

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