Precisely

Pros

The contract negotiation capabilities - I have now more than 200 docs, 100 done via precisely (others imported) - not 1 single (external and internal) person complained about the software - it´s super user friendly

Cons

Nothing - they always have a turnaround to do things that are not yet fully developed

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.

Alternatives Considered

Reasons for Switching to Precisely

Pros

It is a great platform for managing data. It has allowed us to streamline and automate many of our manual data processes, saving us time and making our work more efficient.It is very accurate and precise when it comes to processing data. This has helped us make better decisions, which has benefited us greatly.It is easy to use and doesn't require a lot of know-how to use. This makes it easy for our team to learn how to use it quickly, which means less time is needed for training.It has a great customer service team that is always quick to respond and help solve any issues.

Cons

The software can be a bit confusing to use, and it can sometimes take a while for it to load. Additionally, it sometimes has problems with its performance. This can be frustrating for people.It needs some improvements to the user interface and performance.

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)

Alternatives Considered

Reasons for Choosing Precisely

Switched From

Pros

The UI is simple and enables team members who are not lawyers to create and manage legal documents with ease.

Cons

The design of the final document is not the greatest, but it is okay because the function is more important than the form.

Alternatives Considered

Reasons for Switching to Precisely

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.

Pros

- The template to generate contracts with different options
- The frequency of innovations in the product

Cons

- That the signature is pasted on a seperate page, and not visually in the document

Alternatives Considered

Reasons for Switching to Precisely

Pros

The usability of the tool allows non-legal users to easily leverage its potentials without initial training. On the other side, features are comparable to the dinosaurs on the market. This fresh new approach could be felt in the vendor-relation as well, from pre-sales over go-live to daily support.

Cons

Some "nice to have" features were missing at project start but were already planned on the roadmap. Roadmap has been fulfilled, so: no real cons.

Pros

Easy to use, simple, 3 in 1 functionality (contract creation, archiving and signature), awesome customer support and team, plus it empowers employees from across departments to create contracts, while keeping all the legal bits in place.

Keep up the good work!

Cons

Placement of the signature, can't really choose where you want to place it. However, this is has not been a challenge.

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.

Pros

How easy it is for the entire team, regardless of legal experience to produce high quality contracts from the automated templates. The Precisely team was extremely helpful in the process of setting this up for us, and the responsiveness for ongoing support is nothing short of excellent.

Cons

Though the predefined document types covers almost all cases, it would be even nicer to allow custom tagging of documents. I have proposed this as a new feature, and the team responded quickly that it is on their list of upcoming developments.

Pros

Incredibly easy to use - Good overview - Helps build capital structure for the company e.g. templates - Easy to delegate - Searchable.

Cons

As we're a company within the financial industry, it would be great if they had off-the-shelf integrations to the accounting software we use. However, they're API is so incredibly easy to use and they also have a Zapier app, which helps us enable what we need anyways.

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.

Pros

It was very easy to onboard the team and it has all the most important features I'm looking for in a modern contract management platform.

Cons

Nothing really negative stands out. It is a tool in constant development.