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Icertis Contract Management Software VS Contracts 365

Compare Icertis Contract Management Software VS Contracts 365 and see what are their differences

Icertis Contract Management Software logo Icertis Contract Management Software

AI designed Contract Lifecycle Management (CLM) software for enterprise contract management solutions built with AI for automation, intelligence, & analytics. Demo Icertis ICM.

Contracts 365 logo Contracts 365

Powerful contract lifecycle management software purpose-built for businesses that run on Microsoft 365®.
  • Icertis Contract Management Software Landing page
    Landing page //
    2023-06-23
  • Contracts 365 Landing page
    Landing page //
    2022-04-22
  • Contracts 365
    Image date //
    2024-09-04

Contracts 365® is a powerful contract lifecycle management software purpose-built for businesses that run on Microsoft 365. We combine advanced features with expert configuration and thoughtful implementation to deliver the most flexible, secure, and easy-to-use contract management software on the market today.

Icertis Contract Management Software features and specs

  • Comprehensive Contract Lifecycle Management
    Icertis provides extensive features for the entire contract lifecycle, from creation and approval to execution and renewal. This ensures all stages of contract management are seamlessly integrated.
  • AI and Machine Learning Capabilities
    The platform leverages AI and ML to provide advanced analytics, risk assessment, and automated contract clauses, making the contract management process smarter and more efficient.
  • Highly Scalable and Customizable
    Icertis is suitable for businesses of all sizes and can be customized to meet specific needs, making it a flexible option for various industries.
  • Integration with Major Enterprise Systems
    The software integrates smoothly with major ERP, CRM, and procurement systems such as SAP, Oracle, and Microsoft, which helps streamline operations and data consistency.
  • User-friendly Interface
    The platform is designed with a focus on ease of use, providing an intuitive interface that simplifies the adoption process for new users.
  • Strong Compliance and Security Features
    Icertis includes robust compliance management and security features that help organizations adhere to regulatory requirements and protect sensitive contract data.

Possible disadvantages of Icertis Contract Management Software

  • High Cost
    The advanced features and customization options come at a premium price, which may not be feasible for small businesses or startups.
  • Complex Implementation
    Due to its comprehensive and customizable nature, the initial implementation process can be complex and time-consuming, requiring dedicated resources and planning.
  • Learning Curve
    Despite its user-friendly interface, the vast array of features and functionalities can result in a steep learning curve for some users, necessitating extensive training.
  • Dependency on Third-party Integrations
    While the ability to integrate with other enterprise systems is a pro, it also means that issues with third-party software can impact the performance and efficiency of Icertis.
  • Customization Can Lead to Complexity
    While customization is a key feature, it can also lead to increased complexity and higher maintenance costs if not managed carefully.

Contracts 365 features and specs

  • Seamless eSignature
  • Salesforce Integration
  • Built for Dynamics 365
  • Built for Microsoft 365 Clients

Analysis of Icertis Contract Management Software

Overall verdict

  • Overall, Icertis Contract Management Software is highly regarded in the industry for its robust functionalities and user-friendly experience. It is often recommended for organizations seeking a sophisticated and customizable contract management solution that can handle complex contracting needs.

Why this product is good

  • Icertis Contract Management Software is considered good by many users due to its comprehensive feature set that includes contract lifecycle management, contract compliance and risk management, and integration capabilities with other enterprise systems. It offers a highly configurable and scalable platform that meets the needs of various industries. Additionally, the software employs AI and machine learning to enhance contract insights and streamline contract management processes.

Recommended for

  • Large Enterprises
  • Legal Departments
  • Procurement Teams
  • Companies with complex contract management needs
  • Organizations seeking integration with existing ERP or CRM systems

Category Popularity

0-100% (relative to Icertis Contract Management Software and Contracts 365)
Contract Management
81 81%
19% 19
Document Automation
100 100%
0% 0
Document Management
81 81%
19% 19
Contract Lifecycle Management

Questions and Answers

As answered by people managing Icertis Contract Management Software and Contracts 365.

What makes your product unique?

Contracts 365's answer:

We believe the secret to great software is meeting users where they are. As more organizations, from small startups to large international organizations, rely on Microsoft as a platform for enterprise productivity, Contracts 365 has built a contract management platform to work with Microsoft’s suite of tools. This is the foundation for Contracts 365. 1. Contract management software that’s built around the contract lifecycle. 2. Intuitive user interface that’s easy to adopt and easy to use. 3. Integrates with your favorite Microsoft tools, including Dynamics 365 & the Power Platform. 4. Data & Control-Keep documents and data in your cloud (Microsoft). 5. IT Investment: Make the most of your IT platform and security protocols (Microsoft) 6. CLM Vendor: Get to know the incredible team behind the screens

Why should a person choose your product over its competitors?

Contracts 365's answer:

Contracts 365 is optimized for the way contracts really work and purpose-built for Microsoft 365.

What's the story behind your product?

Contracts 365's answer:

At Contracts 365, we got our start in the document management space working with legal departments who did a lot of contracting work. We saw firsthand how complex the contract management process can be—and how important it is to manage every detail and to keep everyone on the same page. We believe the secret to great software is meeting users where they are. And we realized that more and more companies, from small startups to large international organizations, relied on Microsoft as a platform for enterprise productivity. So, building a contract management platform to work with Microsoft’s suite of tools seemed a logical thing to do. All this experience came together to form the foundation for Contracts 365. And we think, it all adds up to make a world of difference for our customers.

Who are some of the biggest customers of your product?

Contracts 365's answer:

Contracts 365 has a suite of customers across many industries such as Energy and Utilities (Tetra, CSI), Entertainment & Hospitality (Mohegan, Square Enix), Financial Services (Resurgent TPG), Healthcare (Progyny, Prolink), Manufacturing (Fender, New Balance), Nonprofits (YMCA), Pharma and Life Sciences (Ideaya Biosciences, Bolt Biotherapeutics), Real Estate (Bell, Hudson Pacific Properties), Retail & CPG (Zeiss, URBN), and Technology (Gentex, WideOrbit).

How would you describe your primary audience?

Contracts 365's answer:

Contracts 365 is powerful contract management software purpose-built for businesses that run on Microsoft 365.

Which are the primary technologies used for building your product?

Contracts 365's answer:

Contracts 365 was purpose-built for Microsoft. It utilizes Microsoft 365 for cloud storage. It also works with existing Microsoft identity and access management—for single sign-on and no extra passwords to remember. Contracts 365 leverages the full depth and breadth of Microsoft’s security infrastructure, which is one of the most robust in the world. This includes Microsoft Endpoint Manager, Microsoft Defender, Microsoft Sentinel, and more. Your contract management system will also benefit from Microsoft’s unparalleled investment in cybersecurity. This includes 100+ Global Security Certifications, 8,500 cybersecurity professionals, and a more than $4B annual security investment. With Contracts 365, you’ll know your data is secure, that your IT department will be able to manage it easily, and that users will find the software as easy to use as the apps they enjoy every day. In addition, Contracts 365 Integrates with your favorite Microsoft productivity tools (Word, Excel, PowerPoint, Outlook, Sharepoint etc) as well as Dynamics 365 & the Power Platform (and Salesforce too!).

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Icertis Contract Management Software and Contracts 365

Icertis Contract Management Software Reviews

12 Best Contract Management Software 2022
This Icertis Contract Intelligence (ICI) software has an AI-powered technology and category-defining innovation that pushes boundaries of what’s possible with contract lifecycle management. This tool manages your contract by encouraging compliance and team participation.

Contracts 365 Reviews

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What are some alternatives?

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Conga Contracts - Conga Contracts is management solution designed to accelerate and simplify contract negotiations in Salesforce.

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