Agiloft

Agiloft is a cloud-based contract lifecycle management (CLM) software solution. Founded in 1991 and headquartered in Redwood City, California, Agiloft provides a platform for automating and streamlining the contract management process, from initial request and creation to negotiation, approval, execution, and ongoing obligation management.

The Agiloft platform is designed to be highly configurable and adaptable to various industries and business needs. It leverages a no-code/low-code platform allowing users to customize workflows, fields, rules, and reports without requiring extensive programming knowledge. This flexibility is a key differentiator for Agiloft in the CLM market.

Core features of the Agiloft CLM platform typically include:

• Contract Repository: A centralized and secure location for storing and managing all contract-related documents.
• Workflow Automation: Automated routing and approval processes to accelerate contract lifecycles.
• Contract Creation: Tools for generating contracts using pre-approved templates and clauses.
• Negotiation and Collaboration: Features for facilitating collaboration and tracking changes during contract negotiations.
• Obligation Management: Tracking key dates, milestones, and obligations to ensure compliance.
• Reporting and Analytics: Tools for generating reports and analyzing contract data to identify trends and areas for improvement.
• AI Capabilities: Incorporation of artificial intelligence for tasks such as risk assessment, data extraction, and contract analysis.

Agiloft competes with other CLM providers in the market, offering various pricing models depending on the specific needs and size of the organization. The company markets its solution to legal, procurement, sales, and other business departments involved in contract management.