Agiloft has been named a leader in the 2021 Gartner Magic Quadrant for Contract Lifecycle Management for the second consecutive year.
Gartner evaluated 15 CLM vendors, taking a detailed look at the industry’s foremost products, researching top solutions and recognising the best contract management systems available.
In the report, Gartner says:
"Leaders are in the strongest position to influence the market's growth and direction. They demonstrate a market-defining vision for how CLM technology can help companies achieve the business objectives of managing compliance and reducing process bottlenecks.
“Leaders can execute against that vision through products and services, and have demonstrated business results in the form of revenue and earnings. They excel in their combination of market understanding, innovation, product features and functions, and overall viability."
Contract management systems can support businesses large and small to more effectively create, store and find contracts, as well as increase security and compliance, ease searching and reporting, ensure contracts are renewed automatically and prevent contracts from slipping between the cracks.
Agiloft CEO, Erin Laughlin, said he was proud of Agiloft’s achievement.
“We believe the flexibility of our no-code platform and our commitment to customer success is what sets Agiloft apart in the fast-growing market for CLM, and our new intuitive interface and expanded AI toolkit will further boost our leadership in the space.
"Thanks to our flexible platform, we remain the only vendor in the industry with the confidence to provide an unconditional satisfaction guarantee on both software and implementation services."
This announcement follows on the heels of other awards, including a 2021 BIG Innovation Award and a recent Silver Stevie for Agiloft’s AI Core. Agiloft also received the highest scores in every use case in the 2020 Gartner Critical Capabilities for Contract Life Cycle Management** and was named Value Leader in Spend Matter’s Spring 2021 SolutionMap for Contract Lifecycle Management.