TrustRadius Insights for Ironclad are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.
Pros
Customization Options: Users appreciate Ironclad's customization options for business users and legal teams, allowing them to ask for specific information and trigger conditional actions, which has saved time and provided valuable data. This pro was mentioned by several reviewers.
Efficient Workflows: The workflows in Ironclad are praised for their seamless integration and efficiency in inputting agreement data, gathering internal approvals, and tracking document signing. Many users have highlighted this as a key advantage of the platform.
Central Repository: Ironclad is commended for acting as a central repository and archive for complex legal tasks, providing users with easy access to the history they need for any task. Several reviewers have mentioned this as a positive aspect of the software.
Ironclad is our contract management system and single source of truth for what contracts we have. We use it for customer contracts, vendor contracts and employment agreements.
Pros
Easy to upload
Easy to search
Family tree is very useful
Cons
Interface is suboptimal
It has to be easier to set up new documents and fields. I had to hire a consultant to do the work because it's simply not easy or intuitive
AI capability is suboptimal. Often, suggested text has nothing to do with the topic being indexed
Likelihood to Recommend
It's a well done CMS, and certainly better than those I've tried previously. It still has work to do to be enterprise class
We use IronClad in our organization for every legal document, contract or agreement we sign with our partners. IronClad allows us to create workflows for each agreement where we keep track of all the comments and requests made by all the stakeholders or cross functional teams that are required to approve the legal language included in the document.
Pros
Keep track of legal documents versions
Approve legal workflows
Forward email threads to the legal workflow
Cons
The title given to each workflow is assigned automatically and this can be confusing
The user interface could be improved to better differentiate internal and external workflows
The workflow email could be more easily accessible, e.g. provide a copy workflow email button
Likelihood to Recommend
IronClad works great for organizations that have to deal with a lot of legal agreements at the same time, it works great for having a legal team reviewing and modifying the same legal document in a single place, and the comments in the workflow, and the approval functionality allows keeping track of the changes and assign accountability.
The scope was digitalizing contracting processes
from initiation through review, approval, execution, and renewal/expiry to streamline the contracting processes, eliminate the inefficiency of email-based communication and visualize all contract process status. Users can optimize the contracting
process and also can limit an organization’s exposure to risk by reducing
missed obligations and increasing compliance with contractual requirements.
Pros
Very flexible workflow design tool.
Functions are fine-tuned but not too much.
Easily understandable product which user can handle.
Cons
Contract link feature in the case of amendment/addendum.
Auto document retention feature (expiration and deletion).
Likelihood to Recommend
Ironclad is very customizable and easily understandable. Therefore you will be able to find a way to digitalize most of your contract process. Since the collaboration function is also well-designed, you can collaborate with other teams easily in Ironclad. On the other hand, a contract link(related contract) feature is still not enough. If your business runs with many amendments, Ironclad may not fit. I believe this issue will be taken care of in a timely manner since Ironclad keeps updating its product.
My entire company uses Ironclad, specifically at the request of our legal department. We use Ironclad and the various workflows that we've created, to generate NDAs, contract review process, insurance requests, new product reviews, etc. Ironclad allows us to monitor the volume of work that flows into the legal department as well as providing a repository of documents.
Pros
Ironclad is extremely easy to use, without providing much specific direction to new users.
It's wonderful to be able to capture the progress of contracts and requests as well as the notes regarding the status.
It's easy to tag another colleague into a workflow for their input and approvals as necessary.
Cons
Once you add someone into a workflow there is no way to remove them. It would be nice to be able to get out of a workflow or remove someone.
The "assignment" function could be more clear for those individuals who don't regularly use Ironclad. Perhaps prompting them on how to upload a signed agreement if they are not the owner of the workflow.
Likelihood to Recommend
Specific scenarios that we use Ironclad for are: Request for NDAs, request for contract review, insurance request such as Certificates of Insurance, proof of E&O and also for any general legal requests. These requests are then assigned to the appropriate person best suited to handle the request. The entire process from initiation to finalization happens in the Ironclad workflow.
We use Ironclad to create 'order forms' to be signed by customers to initiate service. We use them for drafts/early stage quotes, and final agreements. We have it integrated with SFDC. In my previous organization we used it only as a reflection of special pricing/discounting for occasions when customers didn't just get sticker price- there were no 'contracts.'
Pros
provides a simple interface for setting up templates
through templates, makes form-filling and creation easy
tracks approvals, signatures, and view activity
Cons
I often receive email notifications that my agreements have been 'signed' or 'completed' when really they have just been updated or refreshed.
This is probably an integration setting, but I dislike that I have to make updates in SFDC to sync to Ironclad. I wish I could make edits on the Ironclad side.
I don't think the way they show the trail/path/history of approval/next-steps is very clear or intuitive. I'm often confused about what step I'm on.
Likelihood to Recommend
I think it worked realllly well at my previous company where we used it for a very simple form that just required one simple signature from both sides- this was a form used to record custom pricing/discounts for a product that typically was not discounted. In my current role, there are many more required fields on the form/contract, and can be multiple levels of approvals on one side, and then possibly multiple levels of approvals/signatures on the other side. I've never used another solution in the exact same way (like DocuSign) to be able to compare experiences, but on Ironclad, understanding where I am in the completion process can be confusing. Within the app, I wish it was more of just a checklist or schedule of what needs to happen, but it's not written out that clearly. Lastly, there is something wrong with our notifications (I'm not sure if this is specific to my company's settings)- I frequently get 'contract completed' or 'contract signed' email notifications even if that hasn't occurred. They seem to correlate with updating the form or refreshing the sync from SFDC.