Contract templates
Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.
Cat avg: 8.4
Top Performing Features
Contract sharing
Users can easily and securely share contracts with internal users and external users. Contracts are accessible.
Cat avg: 8.2
Contract editing
Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.
Cat avg: 8.7
Collaborating on contracts
Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.
Cat avg: 8
Worst Performing Features
Clause library/saved fields
Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.
Cat avg: 7.8
Guided logic
Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.
Cat avg: 7.1
Compliance check
Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.
Cat avg: 7.8
Ironclad Features from Reviews
Contract Collaboration
Features related to collaborating on contracts.
10+25%
Contract sharing
Users can easily and securely share contracts with internal users and external users. Contracts are accessible.
Category average: 8.2
Contract editing
Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.
Category average: 8.7
Collaborating on contracts
Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.
Category average: 8
MS Word plug-in
Users can make changes to contract language using Microsoft Word.
Category average: 6.8
Approval process
Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.
Category average: 7.7
Interdepartmental workflows
Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.
Category average: 8
Contract Monitoring
Features that enable users to monitor the status of contracts.
4.6-43%
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
Custom contract reports
Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.
Category average: 7.9
Tracking contract status
Users can track the status of a contract as it moves through the approval process and beyond.
Category average: 8.2
Compliance check
Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.
Category average: 7.8
Contract Management
Tools and features to aid in contract management and formation.
7.3-8%
Contract Storage
Centralized storage and management of all contracts in one place.
Category average: 9
Advanced Search and Filtering
Efficient search functionality and advanced filters to quickly locate specific contracts or clause language.
Category average: 7.5
Customizable Contract Templates
Pre-defined templates that can be customized for different types of contracts.
Category average: 8
Workflow Acceleration
Streamline the contract approval process by automating workflows and notifications.
Category average: 9.5
E-Signatures
Capability to electronically verify user signatures, eliminating the need for physical signatures and enhancing efficiency.
Category average: 9.7
Reminders and Alerts
Automated alerts and reminders for important contract dates, deadlines, and milestones.
Category average: 6
Analytics and Reporting
Generate reports and gather insights on contract status, performance, and compliance.
Category average: 5.5
Integration with other Systems
Ability to integrate with other tools, such as CRM or ERP systems, to exchange contract data seamlessly.
Category average: 6.5