Icertis vs ContractWorks Detailed comparison features, price

Icertis

Icertis provides a comprehensive contract intelligence platform that helps businesses realize the full potential of their contractual relationships. The platform leverages AI to structure and connect contract data, enabling organizations to drive revenue, control spend, improve compliance, and reduce risk across the enterprise.

Icertis Contract Intelligence offers best-in-class contract lifecycle management (CLM) capabilities, along with advanced AI-powered features and enterprise integrations, providing a single source of truth for all contractual obligations and insights.

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

Icertis Pricing

Contact for Pricing

Icertis offers Contact for Pricing pricing .

ContractWorks Pricing

Free Trial

ContractWorks offers Free Trial pricing .

Features

Icertis

Contract Lifecycle Management: Accelerate contract workflows by 83% or more.
Contract AI: Uncover contract risk 40% faster with AI-powered copilots.
ERP Integrations: Gain 8.6% more value from your contracts through enterprise integrations.
NegotiateAI: AI powered negotiation.
AI Studio: Streamline contract management processes.

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

Icertis Use Cases

Drive revenue growth
Control spend and reduce costs
Improve contract compliance
Mitigate contractual risks
Streamline contract workflows
Enhance contract negotiation
Manage obligations
Manage proposals
Supplier Relationship Management

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

Icertis FAQs

What is Contract Management?

Contract management is the process of managing contracts and giving the organization a competitive edge.
What is Contract Lifecycle Management?

Contract Lifecycle Management (CLM) refers to the comprehensive management of a contract's entire lifecycle, from initiation and creation through execution, performance, and renewal or expiration.
What Is Contract Intelligence?

Contract intelligence goes beyond traditional contract lifecycle management (CLM) by leveraging artificial intelligence (AI) and data analytics to unlock valuable insights and strategic value from contracts.
What is a Contractual Obligation?

A contractual obligation is a duty or responsibility that a party is legally bound to fulfill under the terms of a contract.
What is Contract Performance?

Contract performance refers to the fulfillment of contractual obligations by all parties involved in a contract.

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.