About Precisely

Precisely’s end-to-end contract automation platform aligns the legal department with the rest of the business by enabling the business side to be more self-sufficient, while keeping them within the legal department’s pre-approved guidelines.

The platform allows anyone, from any background, to create compliant contracts through self-service document assembly, approvals and enforced workflows. Automated templates, which are created through a fit-for-purpose online editor, reduce drafting times to minutes. Users can execute on contracts with the platform’s e-signing function, after which they are archived in a centralized repository with metadata and monitoring capabilities.

Precisely’s contract automation platform is offered on a...


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Supported Operating System(s):

Web browser (OS agnostic)

11 Reviews of Precisely

Average User Ratings

Overall

4.73 / 5 stars

Ease-of-use

4.5

Value for money

5.0

Customer support

5.0

Functionality

4.5

Ratings Snapshot

5 stars

(8)

8

4 stars

(3)

3

3 stars

(0)

0

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 11 results

July 2020

Anthony from Comnicate

Company Size: 2-10 employees

Industry: Media Production

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Customer support

4.0

Functionality

5.0

July 2020

Never Knew We Needed

We lost an important contract which started the search for a solution. This fits the requirement perfectly. Ensures starts are maintained and risk averted.

Pros

So logical to use and provided comfort that all out contracts are under control.

Cons

OI only found it by chance. They need to make it aware for more uswers.

November 2020

Andrea from Pincho Nation AB

Company Size: 51-200 employees

Industry: Restaurants

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

November 2020

Very satisfied user of Precisely - it makes my job a lot easier and saves me a lot of time!

I am very satisfied with Precisely! It makes my job a lot easier and saves me a lot of time. It takes structure and simpleness to another level. I will truly recommend this to anyone handling contracts or or other important documents on a monthly basis. It is a price worthy software and with a few more developed features I wish Precisely had (which I am sure they will develop shortly) the software would be just perfect in every sense for our business and probably everyone else's!

Pros

Features such as e-signing and archiving of contracts, sends out notifications/reminders when contracts expires and needs to be negotiated, contract templates for the rest of the organisation to use (the contracts can be created by just answering a few questions and makes it easy for everyone in the organisation to use even though they lack legal knowledge). These features makes my job much easier, faster and digital. It saves me al lot of time. The daily features that I use is very easy to learn and use as well. If I have any problems at all, Precisely have very clear instructions on their website that will guide you through any use of features.

Cons

It takes a bit time to create templates on my own. It was included in the price that Precisely creates some templates and I get some help to set up my own templates. Though, it is no problem for a customer who wants to save time, to have a package deal with Precisely so that this is included and Precisely will do the templates for you att all time. In order to save a little more time it would be nice if there existed a feature that will automatically, with the help of AI, add metadata and notifications/reminders from the contract. I can sign all the commercial contracts electronically with international parties and if necessary each contract with one certain national electronically ID. Though, I wish I could sign the same contract with different types of national electronically ID:s - it is rarely necassary for me to use this feature, maybe one a year for a few documents, but it would be nice to have.

Reasons for Choosing Precisely

Nordavtal (now Nordkapital) is what the company uses when I started and it has very limited features - mostly used for archiving and notificationz/reminders/metadata. It is not very developed and not the easiest software to use. They do have a personal service and helping out with entering metadata and notifications/reminders for me. We still use it for archiving purposes and for an overlapping period until I have transfered and uploaded all the documents to Precisely. Scrive have a lot of features, but is more expensive than Precisely. Precisely is more than good enough for our daily business and have some other features that Scrive in some sense lack. Oneflow is not expensive at all, similar to Precisely. Have one or two other features that Precisely lack, but overall is not that easy to use - they make the product more complicated than it has do be. It also took them very long time to activate electronically

July 2020

Swati from Ninth Floor Technologies LLC

Company Size: 11-50 employees

Industry: Information Technology and Services

Review Source: Capterra


Ease-of-use

5.0

Customer support

4.0

Functionality

5.0

July 2020

Intuitive and easy to use

Pros

Even during the free trial, I was able to be up and running in no time given the easy and intuitive interface! Given the sensitivity associated with managing contracts, I appreciate that Precisely offers 2 factor authentication and good version control. I also really like my dashboard with all the reminders and tasks centralized in one location. They support Zapier which is an application we already use so that was a plus.

Cons

If you need access to unlimited templates, you have to upgrade to professional but this is not a big deal for us.

November 2020

Fiona from Adverity GmbH

Company Size: 201-500 employees

Industry: Information Technology and Services

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

November 2020

Great full life circle contract management tool with a great team in the background!

Precisely does not only perfectly meet the needs of our legal department, but also offers other departments great added value (Business Development, Account Management, HR, Sales, Sales Operations/Revenue). The team is super helpful and always had an extremely short turnaround time whenever we submitted a request. There are also very interesting features in the pipeline that will simplify our processes (e.g. creation of standardized workflows also for external contracts).

Pros

* sophisticated access rights and user role structure, that allows to customize Precisely to the needs of our business * advanced calculation features, that facilitates the contract creation for our commercial team and allows to generate valuable insights into our metadata * integration with other SaaS tools our company is using * contract metadata can be easily updated during the drafting/negotiation period without the need for the business user to modify the contract * creation of complex approval workflows for different teams and contract templates

Cons

* UI could be designed more clearly and intuitively * headers and footers of contract templates are not yet customizable (as far as I know that will be fixed soon)

Reasons for Switching to Precisely

* we often had technical problems, esp. with the standard integration for HelloSign * when a business user updates the metadata of their contract (e.g. subscription fee) this change is not reflected automatically in the contract * no calculation feature for contract creation * shallow structure for approval workflows

November 2020

Damien from NA-KD

Company Size: 201-500 employees

Industry: Apparel & Fashion

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

November 2020

Contract automation at its best

An easy to use contract management platform that will help your business increase your teams’ productivity in closing deals and reduce and mitigate risks by always having full control and access to all your contracts

Pros

Precisely helped us improve the efficiency of our legal team by allowing the department to spend more time focusing on high-value work. We are now certain that all our agreements are up to date. All our teams can quickly generate and send out contracts with minimum input from Legal. Customer service is awesome and new features are implemented on regular basis.

Cons

Being able to better customize and get more flexible edit/design options in the template generator would be great - heard that the team is currently working on it though.