ContractPodAi

Vorteile

Overall the software has been easy to use. We love having the ability to easily search for contracts and have them all in a central location. We also like the functionality of being able to track important dates like auto-renewals, expirations, etc. The dashboard is also a great tool to see what contract needs to followed up on.

Nachteile

Initially we were disappointed with the DocuSign integration. It didn't have the ability to tag signatures for the signer which was crucial for us being able to use the version within the software. Contract PodAi just recently rolled out a product upgrade to fix this issue. With the upgrade, the DocuSign integration now works the way we need it to. Unfortunately, we were told we would have to pay extra for the upgrade, so we will have to live without it until the economic situation improves.

There is also currently no way to reject a contract and ask the business user to upload a new version. The only way to upload a new version once it is in the approval process is to approve the contract. Contract Pod is looking into a fix for this as well.

In Betracht gezogene Alternativen

Concord, ContractWorks und OnitX CLM

Gründe für den Wechsel zu ContractPodAi

Contract PodAi seemed to be the best value for the price. We needed a software that was more customizable to the nuances of our business, and Contract PodAi made the most sense. They weren't the cheapest option, but the cheaper options didn't seem to meet all of our needs. They also weren't the most expensive option.

Vorteile

Easy to use - quick to generate contracts which is great for our team's efficiency. The use of DocuSign which is embedded into the system not only saves money but has speed up our contracting process significantly. OCR and scanning of PDF documents to make them readable is great - allows for detailed searches which helps with our conflict checking process.

Nachteile

- Have to save documents locally and upload them - no option to drag and drop documents in
- Would be good to have a space on each record for notes that you could update (i.e. with the progress of each matter) and have these export into a report (which we could use for team meetings)

Vorteile

The whole industry is talking about more for less, and about digital transformation. Well, this contract management system does both. What you get compared to what the system cost, makes it a great value. It is packed with features. The company also gives you all the support you need to deploy the system, integrate it with your other software, configure it to what your users want, and even helps out with adoption (probably the most important element).
We are already finding that we are tightening the compliance of our vendors to their contractual obligations to us. Then the alerts on key contract dates and renewals – is making sure we are tightening our own timing on accounts receivable. In several cases we have actually pulled payments for our services in by up to 90 days ahead of a contract renewal. In a few of these cases, we were only billing them 30 or more days after renewal. Our Management couldn’t get over that the legal department helped improve cashflow. Thanks ContractPodAi, you just helped us build my case for why legal is a value-add team in the company!

Nachteile

They could further remodel their licensing costs based on customer specific requirement. Except this, nothing significant to report.

Vorteile

It helped us to streamline our legal processes by storing and accessing our contracts and legal documents in a smart repository. This has made our workflow smoother and more efficient.Business process automation (BPA) has helped us speed up the process of creating standard legal documents, and the vendor negotiation portal has been a great help in communicating and negotiating with vendors.We use advanced analytics and real-time tracking of key metrics to get a complete picture of our legal processes. This allows us to make data-driven decisions about which documents to accept, reject, and produce. This makes contract management easier than ever.

Nachteile

The learning curve – it can be difficult to learn all of the features and tools, and the training materials provided by ContractPodAi could be more comprehensive and helpful.Some people think that ContractPodAI is not as easily integrated with other systems and applications that our organization uses on a daily basis.I have noticed that some of the reporting and analytics capabilities of ContractPodAi are quite detailed and useful, but I have found that they could be more customizable and flexible to meet the specific needs of our organization.

Vorteile

For us some of the most impactful features have its AI powered obligation management, reporting and cognitive searchability. They assigned a transformation manager to us for the implementation, right away. Having a legal engineer work on all the implementation and migration work – was a huge relief. We had a resident expert helping keep the project on track, on time, and helping us set it up just as we needed. I personally, really like the extractions, which are the summaries of each contract in the system. It makes my life a little easier – as I can get the big picture without having to delve into each contract and document.

Particularly, the AI works with strong IBM Watson partnership. Frankly, that gave me the confidence that this wasn’t just an AI experiment a few summer students built on a work-term. I could present it with confidence, knowing that it is a robust, and solid system built on a well trusted partnership and platform.

Nachteile

They should perhaps look at building new tools for lawyers such as legal spend management and matter management.

Vorteile

The tool can be customized to your needs on an ongoing basis which gives any company a professional feel for integrating a management system for contracts. Being able to enhance the capability of any platform is always a pro not only for your own company but for the product itself and with CPAi you can achieve this, ultimately helping to possibly benefit a lot of touch points outside of your own industry also.

Nachteile

Because the company and platform is new enough, development can take time obviously aswell as budget but I would expect with the customization's being made by various users of the platform, in years to come it won't always be the case!

Vorteile

Not only does ContactPod AI offer numerous helpful reports, but there is also the option to create a custom report with ease. Our contract management process has become more efficient with the ability to set email alerts for renewal and expiration dates. The ability to search documents for specific verbiage quickly is also extremely helpful.

Nachteile

I have not discovered any cons to this software.

Vorteile

It is easy. The system can get set up very fast and customised to your needs. This was key for our legal department because now it fits our purposes and it feels like our software.

Nachteile

I cannot think of anything I really disliked.

Vorteile

Contractpod is very easy to use cloud-based CML, I like the fact it is web-based and available on all devices I use, the layout is very modern and easy to navigate, it is also quite intuitive and doesn't take you long to become an empowered user, I have trained others in our business and they have grasped the use successfully with 1 day of training.

Nachteile

There is not much to dislike about the software especially when you are coming from a spreadsheet-based system that has historically had major issues with control, there have been some setup problems but they are very quickly fixed by the Contractpod team

Vorteile

The most important feature for our company is the easy storage of all our contracts, and the advanced search function that covers the whole contract database. We can control the access to data across our business to ensure confidentiality if needed. Additionally, we can use DocuSign directly via ContractPodAi, and documents are sent directly to the system. There is a great reporting function as well, which makes it easy to get reports for auditing purposes.

Nachteile

Honestly, the largest "con" in our case is the incomplete migration of all our contracts to the system. We are still in process of migrating everything into the system with the help of our account manager. Only real con I can come up with is that I'm personally not the biggest fan of the way the interface looks, but that's really a minor issue since it's perfectly functional and usable.

Vorteile

Software was rapidly adopted by all utilizing teams; easy to use and explain; integrates well with existing and new products implemented into our IT infrastructure; has key features (post-signature document analysis, contract family trees, record-based CMS--and not a document management system)

Nachteile

Somewhat "dated' interface (but fully usable and understandable)

In Betracht gezogene Alternativen

Icertis Contract, ContractWorks, Ironclad und CobbleStone Contract Insight

Gründe für den Wechsel zu ContractPodAi

It was very tough - they're all excellent products. ContractPod AI provided the quickest, most cost effective path to what we wanted to achieve and we're very happy with it.

Vorteile

Very flexible platform , User-friendly and good support team.

Nachteile

sometimes a bit laggy , need to update

Vorteile

This platform is extremely easy to use. It is very intuitive yet contains all of the necessary bells and whistles. The team at ContractPodAi is also very easy to work with (implementation, etc.).

Nachteile

Nothing - it's a great platform. The team at ContractPodAi also sends out periodic updates.