Agiloft, the global standard in no-code contract lifecycle management (CLM), announced it has been named a Leader in the 2021 Gartner Magic Quadrant for Contract Life Cycle Management*. The research and advisory firm evaluated 15 CLM vendors for this report and once again positioned Agiloft in the Leaders quadrant.
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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 life cycle management software helps businesses drive long-term revenue growth, maintain cost discipline, and reduce security and compliance risk by managing the commercial processes that surround contracts. With its robust AI capabilities, Agiloft’s user-friendly CLM platform offers unmatched possibilities for the configuration and automation of complex contract workflows—from one-click creation of proposals and agreements to tracking performance obligations, contract expirations, renewals, invoicing, and beyond.
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“We are proud to be named as a Leader again in the 2021 Gartner Magic Quadrant for Contract Life Cycle Management. 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,” said Eric Laughlin, Agiloft CEO. “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 Matters’ Spring 2021 SolutionMap for Contract Lifecycle Management.
*Gartner “Magic Quadrant for Contract Life Cycle Management” by Analysts Patrick Connaughton, Kaitlynn Sommers, Marko Sillanpaa, Jim Murphy. May 10, 2021.
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