Gartner recently released two Hype Cycle reports for legal and procurement technology and mentioned Agiloft contract lifecycle management (CLM) software in both with a HIGH benefit rating. Gartner placed CLM software on the “Slope of Enlightenment” and well on its way to the “Plateau of Productivity.” If you’re not familiar, Hype Cycle reports discuss a range of technologies in a specific space, plotting the maturity and value of currently available software.
Our take: users and analysts are clearly getting value out of Agiloft’s flexible contract lifecycle management software, and this is proof that CLM technology has reached maturity for legal and compliance as well as for procurement and sourcing use cases.
In addition to these Hype Cycle reports, Agiloft was named a Leader in the Gartner 2021 Magic Quadrant for Contract Life Cycle Management and was also rated a top provider for every use case (Procurement, Sales, Legal and Enterprise) in the Gartner Critical Capabilities for Contract Life Cycle Management report.
Gartner Hype Cycle for Legal and Compliance Technologies, 2021
What Gartner says about this report:
“Legal and compliance technology innovations continue to progress at great speed. Corporate legal and compliance leaders should carefully calibrate their investment posture for the more established platforms and nascent capabilities that can help them meet rising demands with limited added headcount.”
Click here to read the Legal and Compliance Hype Cycle.
Gartner Hype Cycle for Procurement and Sourcing Solutions, 2021
What Gartner says about this report:
“Application leaders modernizing their organization’s procurement and sourcing processes can use this Hype Cycle to understand the maturity and benefits of a range of technologies. It will also help them justify and prioritize investments in core applications versus emerging and innovative solutions.”
Click here to read the Procurement and Sourcing Hype Cycle.
To learn how Agiloft’s flexible contract lifecycle management software can fit your complex use case, schedule your custom demo here or contact us at +1 650 459 5637 or info@agiloft.com.
