Agiloft named a Leader in the 2024 Gartner® Magic Quadrant™
The leader in data-first contract lifecycle management received highest scores possible in Community, Vision, Partner ecosystem, and Adoption criteria within the Strategy category
REDWOOD CITY, Calif., February 26, 2025 – Agiloft, a leader in data-first contract lifecycle management (CLM), announced today that global research and advisory firm Forrester recognized the company as a Leader in The Forrester Wave™: Contract Lifecycle Management Platforms, Q1 2025.
Forrester identified the 12 top vendors in the space, researching, analyzing, and scoring their products on 26 evaluation criteria broken into two categories: current offering and strategy.
Agiloft was among the select companies that Forrester invited to participate in its Q1 2025 Forrester Wave™ evaluation, Contract Lifecycle Management Platforms. In this evaluation, Agiloft’s top scores were in the criteria of Community, Vision, Partner ecosystem, and Adoption. Within the current offering category, Agiloft received the highest scores possible in the criteria of Buy-side contracts, Obligation management and contract governance, Interoperability, Reporting and visualization, Configurability, Continuous Improvement, Enterprise risk management, and Privacy.
According to the report, “Agiloft differentiates with a data-centric vision and approach to connecting CLM to business strategy. The active customer community with highly engaged regional user groups and diverse partner ecosystem, which includes industry associations and an integration hub, are superior relative to others.”
The report also states, “Agiloft’s integration, reporting, and visualization options are extensive. Buy-side contracts, continuous improvement, and obligation management are superior relative to others and include a finance tab to manage budgets, a task management tab to assign and track obligations, and a genAI Prompt Lab feature to analyze all instances of a clause to provide an ideal version and fallback option.”
As part of Agiloft’s whitebox AI capabilities, the newly released out-of-the-box prompts within GenAI Prompt Lab, are compiled of a series of new, user configurable generative AI templates designed to optimize clauses in clause libraries. The prompts can evaluate hundreds of extracted clauses in a single operation to suggest standard and fallback clauses – allowing legal teams to leverage AI to quickly create, evaluate, and track clauses across the contract lifecycle.
“Being named a Leader in the Forrester Wave for CLM is a huge achievement, and we believe it is a direct result of the value we provide for our customers,” said Eric Laughlin, CEO at Agiloft. “What excites me most is how our AI-driven approach is helping legal teams transform their contracting processes in ways that were not possible before. We believe this recognition really showcases the community we have built with our customers and partners, as well as the ongoing evolution we are driving together to help organizations agree and thrive.”
For a complimentary copy of the report, visit here. To learn more about Agiloft’s Data-first Agreement Platform, visit www.agiloft.com.
Disclaimer
Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester’s objectivity here .
About Agiloft
As the most trusted global leader in data-first contract lifecycle management (CLM) software, Agiloft connects contractual commitments to real business outcomes using its flexible Data-first Agreement Platform (DAP). With contract data as the foundation, customers quickly and collaboratively reach agreement and leverage contract visibility to thrive with competitive advantage. Employing powerful, pragmatic artificial intelligence as a legal force multiplier, and robust integration capabilities as a data liberator, organizations around the world trust Agiloft’s certified implementers to deliver connected, intelligent, and autonomous solutions across the entire contract lifecycle. With a 99.6% implementation success rate, it’s clear why some of the largest companies choose Agiloft to unlock the value of contract data and accelerate business. Learn more at www.agiloft.com.
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