Forrester Wave™ CLM Report: Agiloft a leader
Contract management for manufacturing companies
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CLM for the manufacturing industry
Manufacturing companies handle many contracts, from agreements with vendors, suppliers, and distributors to labor and service contracts. Managing all these contracts can be challenging since each has different compliance requirements, deadlines, and obligations to meet.
Agiloft’s Contract Lifecycle Management platform (CLM) provides your team with a secure space to collaborate and oversee all legal agreements during their lifecycle. With technology that allows you to create, negotiate, execute, and renew contracts efficiently, your company can save time and resources while mitigating the risks associated with managing contracts in a manufacturing company.
Why choose Agiloft’s contract management solutions for the manufacturing industry?
Centralized contract repository
If you store contracts in different places, like emails, on paper, or spreadsheets, it can be challenging to find specific data when needed. For instance, a supplier might ask about the delivery schedule you agreed upon, or a manager might want to review past agreements before renewing a contract.
If your legal documents are not well-organized, searching for this information can take time, and there is an increased risk of human error that may end up causing your company financial losses. With a CLM system, all your contracts will be in one digital space where you can track all contractual obligations, monitor performance, and ensure compliance with legal requirements.
Improved collaboration
During a contract’s lifecycle, multiple stakeholders make edits and approvals, which can create confusion if you don’t keep track of the changes. You may undo important edits made by others or approve the wrong version, leading to legal or financial issues.
A CLM system ensures every edit made to a contract is saved, and users can see a history of who changed the contract and when. Instead of emailing drafts back and forth, stakeholders can edit and comment on the contract within the platform, reducing confusion and driving decision-making.
Increased efficiency
Traditionally, contract managers had to write agreement details from scratch or manually track contract deadlines and obligations. This manual approach is slow, prone to errors, and inefficient. If someone makes a mistake — like missing a detail in pricing, forgetting a contract term, or delaying an approval — it can lead to supply chain disruptions and waste valuable time.
A CLM platform automates contract creation, negotiation, and approval, thus speeding up contract lifecycle tasks.
The benefits of CLM solutions for manufacturers
Agiloft’s comprehensive and robust CLM solution offers long-term value for businesses. Here’s why businesses worldwide choose us:
User-friendly interface
You don’t need to have programming knowledge to use Agiloft’s CLM technology. Our no-code platform allows you to modify contract approval steps, automate routine tasks, or update compliance requirements with a few clicks.
Data-first contract management
Our CLM platform lets you analyze contract data so you can make better business decisions. It provides a dashboard with detailed reports and key insights that allow you to see where contract processes are slowing down or where they can improve.
Top-tier security
Our CLM platform utilizes top security measures and access controls to safeguard sensitive business information and ensure that only designated personnel can view and manage your data.
High customer satisfaction
At least 95% of our customers continue to use our services every year. This high retention rate is a strong sign that businesses find real value in our contract management solutions.
World-class support
Our dedicated support team is ready to help you navigate the challenges you face while using our CLM platform. Whether you are setting up the system for the first time or adjusting your contract workflows, we are here to guide you through the process.
Seamless integration
Agiloft’s platform can integrate with over 1000 business systems that manufacturing companies use. Instead of manually transferring data between systems, contract managers can set up connections with a few clicks, allowing contract details to flow easily between departments.
Making contract management processes efficient
“With the auto-populated option that we have in Agiloft CLM — when we’re using our own paper — we [can] now send out NDAs in less than 30 seconds.”
CHANGE THE GAME, LEAD THE WAY
Unlocking transparency and efficiency with Agiloft
BISSEL®, a global manufacturing company, had a small legal team of approximately eight individuals handling all contracts. Their processes were manual, and they managed contracts on different platforms like Outlook, SharePoint, and Excel.
“Implementing Agiloft has really been a game changer for us, and allowed us to work faster and smarter, and spend less time on emails and doing administrative work — the stuff that we’re not necessarily trained to do.”
– Samantha Sharbaan, Senior ITS Project Specialist at BISSELL
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Get started with our contract management platform for manufacturers
Our platform is designed to meet the unique needs of the manufacturing industry, providing the tools and insights necessary to manage contracts efficiently and compliantly. Request a demo today to see how Agiloft can help your organization improve operational efficiency, reduce risks and ensure regulatory compliance.
