Conga, the global leading provider in scalable Revenue Lifecycle Management solutions, announced it has been recognized and positioned by Gartner® as a Leader in the “Magic Quadrant for Contract Life Cycle Management (CLM)” research report. Conga was named a Leader for the second consecutive year and is one of 18 vendors evaluated in the third-ever CLM Magic Quadrant report.
The Gartner Magic Quadrant describes Leaders as follows, “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.”
We believe Conga was recognized based on its strong overall capabilities, significant investment in customer experience, and value added from its full product portfolio. Furthermore, in our opinion Conga’s recognition as a Leader further solidifies its ability to address all business use cases and varying complexities, including support for small- and mid-market businesses to enterprises.
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“Magic Quadrant for Contract Life Cycle Management (CLM)”
“At Conga, we take pride in conquering complexity and are dedicated to providing customers with a top-tier, end-to-end solution that automates and transforms complicated contract processes,” said Noel Goggin, CEO and Culture leader, Conga. “It is an honor to be recognized by such a well-respected firm like Gartner. We feel It validates our progress toward delivering broader capabilities for revenue lifecycle management and the success of our CLM customers who entrust our technology to maximize the value of every contract.”
Conga’s CLM solution is the best software for contract management to crush contract complexity across departments. Through real-time collaboration and tracking, businesses of all sizes can mitigate risk and close deals faster during the contract negotiation and execution phase of revenue lifecycle management. Conga CLM is an end-to-end contract lifecycle management solution built to automate complex processes, including the ability to manage buy- and sell-side contracts across geographies and departments. It empowers everyone involved in the process, increases visibility, and enforces compliance while maximizing revenue potential.
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Fully integrated into Conga’s CLM solutions, Conga Contract Intelligence enables customers to gain critical visibility into the terms within their contracts with best-in-class intelligence and third-party paper ingestion to extract key terms and clauses from all contracts to better manage opportunities and obligations.
Conga acquired Contract Wrangler, adding strong AI and ML capabilities to contract analytics to allow customers to uncover actionable insights across all contracts.