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.

Contract Room is an exceptionally strong document management, e-signature, and corporate negotiation product with all core functions rolled into one. Add on top of this a role based user interface and you have a solid and affordable solution that can easily reduce the time and expense in streamlining your contract management and negotiation process. While there are still opportunities for better integration with ERP and CRM systems, the underlying database architecture of Contract Room makes this not a matter of if but when. This architecture also makes the software incredibly flexible and customizable, letting the user create custom tags to manage different types of documents in the most effective way. Overall this is a great product with a ton of potential which will only get better as time goes on. The reasonable cost for the high functionality make this one of the better corporate software buys out there, which will only continue to get better as functions continue to be added and developed.

This tool serves all my contract related needs and helps me tackle my clients realtime. It is time saving, user friendly and keeps a track of my complete audit trail

user friendly and takes care of all contract related needs.

yet to find one

1) With the introduction of ContractRoom, now the contract lifecycle management gets easier. 2) Negotiations can be done over the system, so there is less manual work.. 3) Everything is documented in the tool. 4) Easy to use as this has a cloud based technology.

ContractRoom is a cloud-based negotiation and contract lifecycle management system that changes the way deals get done and how decisions are made.

1) It should have more inbuilt frameworks which could help the to save the manual work. 2) There should have been more editing functions.

I had a very good experience with the ContractRoom Application, it is easy to use and user friendly. looking at the videos on you tube I could easily use it. Also, I must say that the feature of drafting and collaborating with the team is very good

The drafting feature is very good and easy to use, further the collaboration feature is awesome.

no issue with software, just once found that the contract was no loading on time

As a legal practitioner sometimes we need some help with the quantity of contract we need to prepare in order to comply with our clients duedates thats why a software like contractroom is very useful. For me the best feauture they have is that you basically can have al the negotiation online which is helpful when your clients are all over the world.

I´ve been using this software for a short time and by this moment I dont have anyting to change about it, as I said it is useful when you need to prepare legal docs faster than normally.

In my company Blackknight trading, we desired a system where our upstream data group be able to construct streamlined transmission with our downstream sourcing division. Contract room provides the collaborative mechanism for these two groups. The hurdles that we faced prior to usage of Contract room were caused by the traditional data management problems that caused basic channel clogs. Contract room has eliminated the clogs in our system, thus decreasing the delivery time of data and converts the data transfer to a commitment from our downstream sourcing. Our ROI is increased by better delivery speeds because our upstream team is able to draft agreements easily and the sourcing teaming can work more efficiently and drive our overall profitability goals.

under my experience, this is not good enough, you dont have anough room to noegotiate the contract, specially the construction ones, because you need so many different things there, is not easy to edit, is not faster as should be. this tool makes my work harder

really, nothing, I haven't see any pros on this

hard to edit, hard to identify the issues, I never have the correct template, the supplier gets confuse every time, is a waste of time

It was quite ok, didnt need to contact customer supportç

First , template creation is awesome feature. i saved lots of time. Second, with tracking status , you can easily which article waiting at who and which function. I used 6 weeks time it was really working well.

They dont have integration for market wide used softwares , e.g salesforce not allowed.

I often collaborate with other attorneys and multiple clients. ContractRoom makes it easy to obtain input from multiple parties at the same time without having to send multiple emails back and forth. The automated process saves time as well.

A multi party collaborate process which provides a very efficient and effective platform to negotiate, close and manage all aspects of a negotiation. It is very user friendly and eliminates messy paperwork and archaic processes.

Contract data base

we can upload all the documents that we have in our data base and easy work in the best template to my needs

When we try to do some changes are not amiable , its complicated edit them , as well the suppliers cant see the redlines.

ContractRoom has dramatically improved the way we build agreement and track contracts.

The greatest benefit is the time reduction from the initial email to closure

Easy to use, comprehensive, thorough and secure.