What is our primary use case?
My main use case for Agiloft Contract Lifecycle Management (CLM) is uploading all contracts and creating the contract repository. I also create spend reports based on the orders that have been placed. I use Agiloft Contract Lifecycle Management (CLM) for all of the sourcing documentation that I do for RFP, RFX, and auctions. I use it more as a centralized contract repository because it is easier for me to share the links within the teams. I am obviously exploring various modules within the CLM side of Agiloft Contract Lifecycle Management (CLM) to cater to our requirements, which I have been discussing with them.
Agiloft Contract Lifecycle Management (CLM) makes it easier to share links within our teams by providing a centralized contract repository, which I need in the global procurement area where I work on various contracts: mid-size contracts, lower-hanging fruit contracts, and the big-ticket contracts. I essentially need to have a contract repository similar to a Coupa, an Ariba, an SAP workspace, a OneDrive, or a SharePoint. Agiloft Contract Lifecycle Management (CLM) gives me that end-to-end CLM functionality, and it really helps me upload all of the contracts for various projects that I do. I plugged it with Teams. So, for example, if one of my VPs or one of my business unit leaders needs to access a specific contract, I have the admin access, so I can put the permissions in place. Depending on the role and the specification of the requirement in terms of the use case from the business side, I am able to share those links based on what use case and what requirements they have so that they can easily access the contract and understand what they have agreed to. I also use it more in terms of doing the contract redlining and contract review, which is the initial step before I sign off and agree on the contract.
I have summarized my main use case for Agiloft Contract Lifecycle Management (CLM) and how I use it day-to-day, as well as how it is helping us from a day-to-day procurement and stakeholder management perspective.
What is most valuable?
The best features Agiloft Contract Lifecycle Management (CLM) offers include the ease of working. The platform is very easily accessible. It is very easy to comprehend and easy to work with from a day-to-day perspective. It is also very useful for stakeholders to access the specific contracts because you have the option to download the signed contract. They know when the contract was signed, and it has a very good treatment of how the contracts are stored. For example, I have done an overarching MSA, and within that, I have done a SOW, an order form, and probably a change request. So I am able to drill down right up to L3 or L4 in terms of taxonomy of spend. At the same time, I am able to drill down based on the overarching contract and what the sub-work orders or sub-SOWs are within those contracts, plus the change order notifications. This gives me the entire length and breadth of visibility. At the same time, it has all the orders as well because our order management system, the PO, is also enabled within the CLM database.
The taxonomy and the ability to drill down into different contract levels help my team significantly. For example, if a new person in procurement joins and wants to understand which taxonomies and subcategories they are supporting, and they want to have a spend overview based on the orders that are being placed, Agiloft Contract Lifecycle Management (CLM) gives that particular view. I have Tableau plugged in with Agiloft Contract Lifecycle Management (CLM) as a front-end system that provides the order management view of the entire spend taxonomy. It also provides a drill-down in terms of which suppliers I have been working with for the specific categories. At the same time, it provides the spend and details on the contracts that I have with them, whether it is a specific SOW, a bespoke agreement, or an MSA. It has the links and the orders that have been placed. It gives a complete view from a taxonomy perspective where I can drill down based on the type of spend. For example, within IT, I have hardware, software, and services. Within services, I have IT professional services, SaaS, fixed-price services, time and material, IT staff, and IT security services. I am able to drill down based on L3, L4 taxonomy.
What needs improvement?
Agiloft Contract Lifecycle Management (CLM) could be improved in the area of catering more from a CLM perspective. Unlike vendors in this area like Ariba, Coupa, Icertis, and Ivalua, which also provide the sourcing side—RFX, RFP, RFI, auction—through the tool, that area within Agiloft Contract Lifecycle Management (CLM) is lacking. I would be happy to see those modules well-placed and well-balanced based on how other competitors are catering to that requirement. I would also like to see various enhancements within the dashboard and customization based on client and customer requirements. That is something that I would like to see more within the dashboard and the tool.
If I had to pick one area where Agiloft Contract Lifecycle Management (CLM) could be improved, it would be better slice-and-dice options within the dashboard. That is something that is very important and critical for me.
I chose 8 out of 10 because there are certain areas where Agiloft Contract Lifecycle Management (CLM) would need to look at what their competitors are doing. CLM is a very hot area for procurement because it is used by direct and indirect procurement folks. Based on those requirements, use cases, and especially based on what clients need and how their competitors are performing, I think there is room for improvement on the enhancement side, improving the overall customer experience on the dashboard, having more layouts, and having the option to slice and dice the spend and the orders. It would also be good to have different charts and infographics based on the contracts that have been uploaded, which provides a picture to the procurement person. For example, when they are doing a renewal or want to work with the same vendor, it provides some sort of ammunition to make an informed decision and ensure that the data coming out of the tool represents factual insights. This will help drive savings, better outcomes with the supplier, and better stakeholder engagement. It is all linked to how the tool can be more efficient and effective.
For how long have I used the solution?
I have been using Agiloft Contract Lifecycle Management (CLM) for more than six years in different capacities.
What do I think about the stability of the solution?
Agiloft Contract Lifecycle Management (CLM) is stable.
What do I think about the scalability of the solution?
Agiloft Contract Lifecycle Management (CLM)'s scalability is good because I can add users, and I have user and license provisioning as well. I do have that option within the contract.
How are customer service and support?
Customer support for Agiloft Contract Lifecycle Management (CLM) is good because they provide 24/7 customer support. Overall, my experience has been good.
I would rate the customer support 10 out of 10. Whenever there is a query, they always provide feedback. A ticket is created, and they address the ticket in less than 24 hours.
Which solution did I use previously and why did I switch?
I have been using this solution without previously using a different one.
What was our ROI?
I definitely saw a return on investment in terms of time saved, cost reductions, and improvements in compliance. At the same time, I also saw ease of working on the tool. Their technical help is 24/7, and they have an AI bot plugged into the system. For example, if the dashboard freezes or if a specific group is not able to get access to the tool, all of that is handled through their bot. They have multiple questions within that, and based on their FAQs, I can decide which one I want to know and drill down. If there is a specific question that is not captured within the FAQs, I can run it through their bot, which provides responses in real-time. That is a great advantage, especially for stakeholders who take time to understand the platform and the tool.
I do not generally let employees go, so it is more about how I can improve the experience of the tool. But overall, I have definitely seen a 5% to 10% savings in terms of how contracts are managed and how they can be done in a more systematic way.
What's my experience with pricing, setup cost, and licensing?
My experience with pricing, setup cost, and licensing has been overall good. I generally do multi-year agreements with them. Based on the total contract value, I decide savings and user licensing, and look for an optimized cost flexibility model with better payment terms. Overall, they have been pretty good.
Which other solutions did I evaluate?
Before choosing Agiloft Contract Lifecycle Management (CLM), I evaluated other options including SAP Ariba, Tableau, Cognos, Ivalua, Icertis, and the GE solution from different vendors.
What other advice do I have?
I would definitely say that Agiloft Contract Lifecycle Management (CLM) tool is quite good, but I would give the caveat that I should also have discussions with their product team about customization, dashboard creation, and infographics. If I am looking for specific real-time insights and data, I should discuss how that can be funneled. Those are the things that I would call out. But apart from that, the tool does serve its purpose. I have provided everything in a very articulate and lucid manner, and that is what I would like to convey. I give this review an overall rating of 8 out of 10.
Which deployment model are you using for this solution?
Public Cloud
If public cloud, private cloud, or hybrid cloud, which cloud provider do you use?
Other