Contract Room is a very user friendly tool and requires minimal time investment in learning the tool. Negotiating the agreement with internal and external stakeholders real time is one of the functionalities which is a USP of this tool. In addition the robust reporting with no room of data discrepancy as the information is directly retrieved from the agreement tags.

a) Online Drafting & Negotiation b) Robust Reporting c) Swift Deployment

a) System performance is hampered at times and multiple log in and log out attempts

It is a valuable tool that helps streamline the contract negotiation and management process. It helps capture transaction and behavior data, and uses machine learning to predict the best terms and clauses for future agreements. This makes the process more efficient and effective, and I would highly recommend it to any organization looking to improve their processes in this area.

I think it's great that the collaboration and control features of the software have made a big difference in how we approach negotiations and contract management. The system has streamlined the entire process, from communication to reviewing, editing, and approving, both within our organization and with our partners. This has reduced the amount of back-and-forth and improved the accuracy of our negotiations.The software captures all the negotiations and interactions between people, and can use this data to make predictions about future deals and decisions. This has helped us to work together more effectively and get better deals than we would have otherwise.It is a tool that can help you make decisions easily and quickly in negotiations, so you can get the best possible deal for your organization.

I have found that there are some features of the software that are innovative and focus on streamlining negotiations and contract management. However, the interface can be difficult to use and the initial setup can be time-consuming. Additionally, there have been times when the software has had bugs and technical issues, causing frustration and delay in the workflow. The predictive agreement feature also relies heavily on data, but it may not always provide accurate insights. While EraCLM has the potential to be a valuable tool in the negotiation process, it takes a lot of time and effort to use it to its fullest potential.

none

well to be honest the only pro I can se is that you can use it in any computer, but other thant that I do not see any

slow, difficult for the user, the supplier does not like it, so hard to edit, the ocntract I need is never there, is a total waist of time

It has been a great experience overall as it is helpful where we can draft, negotiate, approve and get it signed using this system. Everything gets recorded and we can check real time history. It works on cloud so very easy to operate and take less time to connect. It has many features like adding team members, downloading document, etc. Overall it is a great tool.

It has Drafting and Negotiation function in the system itself, so it will be paperless environment if we use this system.

There should have been more editing function like MS word. Otherwise it is good.

ContractRoom CLMS has a wide scope due to its features, good user interface and easy implementation. It has a unique function wherein the written and oral negotiation and redlining are captured within the one place and the system will make it easy for the context of a comment or redline to be understood. Once negotiation for a contract is complete the CLM system guides the approval process and automatically prompt those with the required authorities to provide their approval - making this process as seamless as possible - and it will be accessible on a mobile device as well.

Nogotiations can be done in the document and one can mention comment as well. This is one of the best features.