Agiloft named a Leader in the 2024 Gartner® Magic Quadrant™
REDWOOD CITY, Calif., October 23, 2024 – Agiloft, the leader in data-first contract lifecycle management (CLM), announced today that it has been named a Leader in the IDC MarketScape: Worldwide Contract Lifecycle Management Software for Corporate Legal for the 2024 Vendor Assessment.
According to the report, “Agiloft has been prioritizing the legal user for a number of years and has developed deep partnerships with legal tech stalwarts like Mitratech. Agiloft prioritizes end-user ease of use and places its no-code platform at the center of its value proposition. Agiloft is a CLM vendor that actively partners with its customers to ensure its success and progression across the CLM maturity spectrum. Agiloft focuses intensely on its internal culture, and that pervades through its product and product experience.”
The IDC MarketScape noted Agiloft’s key strengths include:
- Customization capabilities – Agiloft is built on a no-code platform that allows end users to deeply customize their instance of Agiloft without having to engage in a lengthy customization engagement with a service provider. Customers indicated that the implementation on training needed for the self-service customization capabilities was negligible. The configuration capabilities even extend to data models and other features, not just the standard workflow.
- Data-centric approach – Agiloft’s CLM repository is data centric, not document centric. Agiloft enables the relationships that exist between the contract record and other important associated assets to provide a bigger picture. Agiloft’s system provides a holistic view of “the contract.” Customers indicated that they saw benefits from being able to find contracts and families of contracts more easily. Customers were more easily able to identify and track obligations, measure and track risks, and implement improvements to optimize the process. Customers reported the data insights gave them the tools needed to improve their CLM maturity.
- Ease of use – Agiloft provides a deeply consumerized experience that promotes adoption from end users. Customers reported that the interface and experience were brilliant and simple to use. Customers felt that other products felt too complicated and that Agiloft provided end-to-end functionality that was exactly what they needed.
“When evaluating CLM vendors based on looks for intelligent contract abilities, innovation using RPA, and machine learning (ML)/artificial intelligence, Agiloft’s recognition as a Leader in this IDC MarketScape is due to its intense focus on its internal culture, and that pervades through its product and product experience,” said Ryan O’Leary, Research Director, Privacy and Legal Technology, IDC. “Agiloft’s enterprise-class software is a force-multiplier that helps get agreements completed quickly and collaboratively – with complete visibility into your contract data for easier reporting, and powerful insights that unlock your competitive advantage.”
“We’ve always known that contracts are more than just legal documents – they’re data-rich assets that can power smarter decisions,” said Eric Laughlin, CEO of Agiloft. “We believe being recognized as a Leader in this report is a huge endorsement of our data-first CLM platform. It’s about making contracts easier to manage, but also making them work harder for businesses. We’re excited to continue helping organizations use their contract data to drive success.”
Leading analyst and research firms have recognized Agiloft as a leader in CLM. Agiloft was recently recognized in the Spend Matters 50 Providers to Know list.
Get a complimentary excerpt of the report here. To learn more about Agiloft and its Data-First Agreement Platform helping customers agree and thrive, visit our website here.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
IDC MarketScape: Worldwide Contract Life-Cycle Management Software for Corporate Legal 2024 Vendor Assessment (Doc # US51541124e, September 2024)
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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