ContractRoom

4 / 5 16 reviews

Who Uses This Software?

Organizations involved in business negotiation and contracting with high volumes of routine transactions involving a verifiable execution, like a contract - requiring more control and accuracy.


Average Ratings

16 Reviews
  • 4 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    $2,000.00/month/user
  • Pricing Details
    Basic: $12 Professional: $79 Business: $129 Enterprise: blended, call
  • Free Demo
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • Contract Room
  • www.contractroom.com
  • Founded 2012
  • United States

About ContractRoom

ContractRoom is a AI-driven negotiation and DTM platform that redesigns the way people agree. Buy (i.e., procurement) and Sales teams are realizing up to 90% faster closing cycles with 100% compliance. Moreover, ContractRoom "learns" over time from large data sets, and tells the user what to do, or better yet, does it for them. This explains why 50+ world-class customers, including several Fortune 500 have selected it, with over 25,000+ users and in excess of 250,000 contracts under management.


ContractRoom Features

  • Approval Workflow
  • Auto Extraction
  • Buy Side (Suppliers)
  • Completion Tracking
  • Compliance Management
  • Contact Management
  • Contract Drafting
  • Contract Templates
  • Digital Signature
  • Document Management
  • Full Text Search
  • Government Contracts
  • Lifecycle Management
  • Milestone Tracking
  • Sell Side (Customers)
  • Specialty Contracts
  • Version Control

ContractRoom Reviews Recently Reviewed!

Its been an awesome experience using the ContractRoom application since it is easy to use cloud tech

Oct 21, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: ContractRoom is a cloud-based negotiation and contract lifecycle management system that changes the way deals get done and how decisions are made.

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

Overall: 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.

Good tool for contract

May 19, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
2 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: we can upload all the documents that we have in our data base and easy work in the best template to my needs

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

Overall: Contract data base

slow, complicated, not an easy tool

May 18, 2017
1/5
Overall
1 / 5
Ease of Use
2 / 5
Features & Functionality
2 / 5
Customer Support
1 / 5
Value for Money

Pros: 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

Cons: 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

Overall: none

its very nice, systematice and easy.

May 08, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: 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.

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

It is the best CLMS tool I have used

Apr 26, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: user friendly and takes care of all contract related needs.

Cons: yet to find one

Overall: 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

Feedback for ContractRoom Application

Apr 26, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: a) Online Drafting & Negotiation
b) Robust Reporting
c) Swift Deployment

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

Overall: 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.

Recommendations to other buyers: a) Efforts required to fix the performance issue

Easy to use and user friendly

Apr 26, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The drafting feature is very good and easy to use, further the collaboration feature is awesome.

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

Overall: 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

Recommendations to other buyers: 10

not good enough

Apr 03, 2017
2/5
Overall
2 / 5
Ease of Use
2 / 5
Features & Functionality
1 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 1.0/10 Not
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Pros: really, nothing, I haven't see any pros on this

Cons: 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

Overall: 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

Recommendations to other buyers: word is faster, easier, and simple

Streamline Process for Contracting Life Cycle

Mar 26, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

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

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

Overall: 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.

Recommendations to other buyers: No, I think developers are doing a good job and regular updates are there.

Contract Room has set a new standard for contract management.

Jan 04, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

Comments: 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 Room has greatly simplified our contracting process

Dec 28, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

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

A comprehensive and agile platform

Dec 23, 2015
4/5
Overall
4 / 5
Ease of Use
4 / 5
Customer Support

Comments: Easy to use, comprehensive, thorough and secure.

Contract Rooms excels for a solo practitioner

Dec 20, 2015
5/5
Overall
5 / 5
Ease of Use
4 / 5
Customer Support

Comments: 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.

Contract room increases productivity by streamlining our corporate interface.

Dec 20, 2015
4/5
Overall
4 / 5
Ease of Use
4 / 5
Customer Support

Comments: 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.

ContractRoom makes negotiations easy

Dec 17, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

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

Exceptional Functionality

Nov 13, 2015
5/5
Overall
4 / 5
Ease of Use
4 / 5
Customer Support

Comments: 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.