TrustRadius Insights for Concord are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.
Business Problems Solved
Concord has proven to be a valuable tool for streamlining the creation of candidate offer letters, NDAs, and other legal documents, resulting in significant time savings for teams. Users have praised its ability to serve as both a contract management system and repository, accessible by the legal department as well as other departments within the company. With easy-to-understand summary reporting, Concord effectively manages corporate contracts and ensures important deadlines such as effective and termination dates are not missed. The software is also widely utilized for Statement of Work templates and e-signature processes, offering online document collaboration, unlimited e-signatures, secure repository, and alerts. Prior to implementing Concord, organizations often struggled with manual contract lifecycle management. However, with its automated template creation, multi-entity support, and automated reporting/notification features, the product fulfills their core needs seamlessly. From eliminating the need for printing, signing, and scanning monthly documents to ensuring automatic renewals are not missed, Concord has been instrumental in improving overall contracting processes while resulting in cost savings for organizations. Its ease of use has made it a go-to solution across departments for managing contracting needs efficiently and effectively, ultimately reducing the time and personnel required to track contracts.
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Concord Reviews
2 Reviews
Legal
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Concord is the contract management system for HITRUST. Concord is kept up to date and worked on daily by the legal department, but is accessed by others in the company. This is not only our contract management system, but our contract repository.
Pros
Templates are easy to create and utilize.
Concord has its internal e-signature tool.
Concord can group by template, active, in progress, etc. and color codes the same.
Cons
The editing tool is not super user friendly.
The emails from Concord often get whitelisted at customers' email sites.
Likelihood to Recommend
Concord is great for contract management, repository, creating templates, organizing contracts and vendors, etc.
For the purposes we needed, Concord has been well suited for us.
Concord is being used by my organization to manage its corporate contracts. It is being being used by the legal department, but may cross other department lines and possible even the whole corporate head quarter organization? It addresses effective and termination date deadlines via weekly easy to understand summary reporting, which effectuates supreme time management for very busy c-suite executives and their business teams.
Pros
Weekly streamlined summary reporting.
Ease of use inbox items.
Ease of use administrator settings.
Ease of use for other users.
Minimal training required.
Easy on-boarding and implementation.
At your fingers 24/7 assistance.
Easy to understand application.
Cons
Summary should be default screen, not discussion.
Tagging should be kept as simple as possible.
Templates could be expounded upon.
Likelihood to Recommend
Contract management is well suited, and templates are less appropriate, but still a nice feature.