Contracts 365 vs ContractWorks Detailed comparison features, price

Contracts 365

Contracts 365® is a robust, AI-powered contract management solution tailored for businesses operating within the Microsoft 365 ecosystem. This cloud-based platform streamlines every stage of the contract lifecycle, from creation and negotiation to execution, storage, compliance, and renewal. Leveraging Microsoft's AI technology, Contracts 365 introduces advanced features including automated metadata extraction, AI-assisted negotiation, and in-depth workflow management to boost contract throughput, reduce risk, and ensure accuracy.

The software is enhanced with AI Companions that help organizations save time and minimize manual tasks through intelligent data extraction, automated alerts, and seamless integration with tools like Dynamics 365, Salesforce, and popular eSignature solutions. Its intuitive dashboards, personalized workflows, and robust reporting equip users with immediate visibility and comprehensive control over their contracts, supporting industries with high contract volumes such as healthcare, finance, and technology. All documents are secured within the Microsoft hybrid cloud and SharePoint environment, ensuring compliance and data privacy at enterprise scale.

ContractWorks

ContractWorks is a comprehensive contract lifecycle management (CLM) software designed to centralize, automate, and streamline contract processes for organizations. The platform leverages advanced AI technologies, including GPT-3 and robust OCR, to accelerate contract drafting, enable instant search and review of contract terms, and simplify complex legal language for greater efficiency.

Suitable for a wide range of industries and departments, ContractWorks provides secure document storage, automated alerts, collaborative editing with Word compatibility, and scalable workflows. With built-in electronic signatures, customizable reports, and permission-based access control, it empowers legal, finance, HR, and sales teams to manage contracts with improved compliance, transparency, and speed from a single easy-to-use interface.

Pricing

Contracts 365 Pricing

Contact for Pricing

Contracts 365 offers Contact for Pricing pricing .

ContractWorks Pricing

Free Trial

ContractWorks offers Free Trial pricing .

Features

Contracts 365

AI Companions: Automated contract metadata extraction, negotiation assistance, and workflow optimization powered by AI.
30-Second Contracting: Perform essential contract tasks quickly with an intuitive, user-centric interface.
Seamless Integrations: Native integration with Microsoft 365, Dynamics 365, Salesforce, DocuSign, and Adobe Sign.
Contract Lifecycle Management: Comprehensive solution for contract creation, negotiation, execution, storage, and renewal.
Self-Service Functionality: Empower users to generate, manage, and approve contracts with minimal training.
User-Specific Dashboards: Personalized, role-based widgets and KPIs for instant access to contract information.
World-Class Security: Enterprise-grade security leveraging Microsoft's hybrid cloud and SharePoint.
Alerts and Notifications: Automated reminders for expirations, renewals, and required actions.
Robust Search and Reporting: Advanced tools for searching, tracking, and managing contracts.
Obligation and Compliance Management: Extract and monitor contract obligations for improved compliance.

ContractWorks

Centralized Contract Repository: Secure single location for storing and organizing contracts.
AI-Powered Search & OCR: Rapidly locate contracts, clauses, and terms using artificial intelligence.
GPT-3 Clause Creation: Generate new contract clauses and simplify complex legal language with GPT-3 AI.
Dynamic Drafting Templates: Create any type of contract in minutes via interactive templates.
Collaborative 2-Way Editor: Redline and edit contracts with compatibility for MS Word.
Automated Approval Workflows: Streamline and accelerate contract reviews and approvals.
Built-in Electronic Signatures: Legally sign and manage agreements from anywhere.
Customizable Reports & Alerts: Schedule reports and receive notifications on key dates and milestones.
Permission-Based User Roles: Control access and visibility with role-based permissions.
24/7 Support: Around-the-clock customer support for all users.

Use Cases

Contracts 365 Use Cases

Automating contract creation, approval, and renewal processes for enterprises.
Managing complex contract obligations and compliance in regulated industries.
Integrating contract management with CRM systems such as Dynamics 365 or Salesforce.
Accelerating contract negotiations using AI-driven redlining and version control.
Centralizing supplier and property contract management for large organizations.
Improving contract visibility and accessibility via customizable dashboards.
Reducing manual data entry and errors with AI-powered metadata extraction.
Supporting procurement teams in streamlining supplier agreements.

ContractWorks Use Cases

Automating contract drafting and approval for legal teams.
Managing contract renewals and compliance in healthcare organizations.
Streamlining vendor agreement workflows for procurement managers.
Centralizing sales agreements and accelerating deal closures.
Enabling collaborative contract negotiations with internal and external stakeholders.
Improving audit readiness with secure, permission-based contract access.

FAQs

Contracts 365 FAQs

What integrations are available with Contracts 365?

Contracts 365 integrates natively with Microsoft 365, Dynamics 365, Salesforce, DocuSign, and Adobe Sign to streamline contract management workflows.
How does Contracts 365 leverage AI in contract management?

Contracts 365 uses AI modules for automated metadata extraction, negotiation support, contract processing acceleration, and compliance management, reducing manual errors and increasing efficiency.
Is Contracts 365 suitable for industries with high compliance requirements?

Yes, Contracts 365 features robust obligation and compliance management, secure document storage, and enterprise-level security, making it ideal for regulated industries.
Can Contracts 365 help with contract renewals and expiration tracking?

Yes, the platform provides automated alerts and notifications for contract expirations and renewals, ensuring contracts are always compliant and up to date.

ContractWorks FAQs

What happens after the trial account expires?

After the trial period, the account automatically converts to a paid standard license, with all contracts, tags, alerts, and user data preserved for a seamless transition.
Can ContractWorks be accessed by clients outside the US?

Yes, ContractWorks can be accessed globally and payments from international clients are supported.
How are electronic signature licenses managed?

Each plan includes a set number of electronic signature licenses, with additional packs available for purchase; only users with a license can send documents for signing, while all recipients can sign for free.
Is there a dedicated onboarding process?

Yes, template automation and onboarding are included in the paid implementation process, with the ContractWorks team integrating workflow and document patterns for new customers.
What support is provided to customers?

ContractWorks offers 24/7 customer support to assist users with setup, training, and any ongoing platform needs.