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ContractZen

Score9.4 out of 10

6 Reviews and Ratings

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What is ContractZen?

ContractZen's Governance Cloud for SMBs features a board portal, entity management, contract management, virtual data rooms (VDR), and more – powered by AI. ContractZen was built to speed up operations, minimize risks, and maximize company value in due diligence situations.

Categories & Use Cases

Media

Contract Management
Contract Card
Board Portal
Meeting overview page
Entity Management chart view
AI Assistant interface
Pro SmartIndex VDR

1 / 7

Key Features

Learn about the best (and worst!) features ContractZen has to offer, as determined by TrustRadius' reviewers.
Based on 6 ratings of ContractZen's features
View all features

Top Performing Features

  • Contract database

    Contracts are stored and organized in a central repository.

    Category average: 8.4

  • Contract search

    Users can easily look up contracts within the database.

    Category average: 8.3

  • Contract milestone reminders & alerts

    Users can schedule reminders and/or trigger alerts according to contract milestones.

    Category average: 8.1

Areas for Improvement

  • Custom contract reports

    Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

    Category average: 8

Reviews

What users are saying about ContractZen.
View all reviews

ContracZen Contract Management

Incentivized
Michael Gardner
Principal in Professional Services at Triadvocates (1-10 employees employees)

Pros

  • Contract renewal notification
  • Tracking history of contracts
  • Knowing key client personnel

Cons

  • I would like one view of entire client history.
  • It would be nice to put the client information in once and then simply add on contract extensions in the same folder.

Return on Investment

  • Easier to manage contracts.
  • More contracts are being renewed on a timely basis.

Other Software Used

Carbonite Backup for Microsoft Office 365

Usability

Easy, reliable and cost efficient way of managing contracts

Incentivized
Verified User
C-Level Executive in Corporate (51-200 employees employees)

Pros

  • Right features for SMB.
  • Affordable.
  • Easy to use.
  • Low maintenance as it is cloud-based.

Cons

  • No contract lifecycle management.
  • Governance may not be adequate for large organizations.
  • Sign-in with SSO or without SSO can be improved; it's a bit confusing for new users.

Return on Investment

  • Efficiency of contract management improved.
  • ContractZen reduced fear of contract management system.
  • We are adequately prepared way ahead of contract expiration time.

Alternatives Considered

Conga Contracts (formerly Novatus), Berkman Lextree, Contract Logix, Conterra Contract Management and PandaDoc

Other Software Used

Jira Software, Asset Panda, PRTG Network Monitor

Usability

Ease of use and cost are great

Incentivized
Verified User
Professional in Information Technology (501-1000 employees employees)

Pros

  • Download of all entries
  • Reminders
  • Searchability indexes

Cons

  • Customability

Return on Investment

  • Time saver for departments

Alternatives Considered

Oracle Cloud ERP

Usability

ContractZen gets the job done

Petri AukiaView profile
CEO (Chief Executive Officer) in Corporate at Codento Oy (11-50 employees employees)

Pros

  • The easy storage of contracts is important. Easier than a shared hard drive folder or a jointly administered Excel sheet, both of which we tried to use in the past.
  • The alerts of key contract dates is crucial. Knowing what needs to be terminated or at least considered has saved us money.
  • Simple signing of contracts electronically has saved us money in getting from an agreed to contract to a signed one in minutes.

Cons

  • The iPhone application is underpowered, I suggest using the web version also on mobile devices.

Return on Investment

  • We've gone faster from agreement to invoicing thanks to the electronic signing.
  • Some of the alerts have saved us money as we've been able to terminate SaaS services prior to being billed for yet another year.
  • Being able to review contracts made by other team members has reduced friction and unnecessary emailing of contracts. This has saved time from busy executives and sales persons.

Other Software Used

Pipedrive, Slack

Usability

ContractZen for simpler and faster agreement management

Petri VuorinenView profile
at LähiTapiola (1-10 employees employees)

Pros

  • Intuitive and easy to use.
  • Good metadata structure.
  • Also has a desktop (browser) version.
  • Sharing and collaborative working with documents is one of the handiest I've seen in comparable systems.

Cons

  • ContractZen is almost as good as heavy duty doc management system, it can be mistaken to be one.
  • Admin interface [not intuitive] - needs some practice.

Return on Investment

  • I have saved 50% of my time when managing and sharing bids and agreements.
  • I'll never miss a contract end date - ContractZen has already saved 15% of my total annual contract value.

Alternatives Considered

MS SharePoint and IBM FileNet Content Manager

Other Software Used

MS SharePoint, IBM Bluemix

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