Agiloft: Vendor Snapshot (Part 2) — Product Strengths and Weaknesses [PRO]

Most procurement organizations have only started to explore the full set of capabilities that integrated contract lifecycle management (CLM) capabilities can bring. Yet in most cases today – outside of procurement organizations deploying integrated suite-based contract management technologies, many of which offer limited capabilities relative to independent CLM vendors – CLM remains loosely coupled from overall procurement processes, including sourcing, supplier management, transactional buying, contract compliance and risk management. Agiloft, one of dozens of independent CLM providers out there, offers a means of creating a synthetic process- and data-driven “hub” beyond providing core contract management capabilities alone.

Agiloft’s history, which we trace in this Spend Matters PRO Vendor Snapshot series, includes over a decade spent developing and refining its core business rules and business process management (BPM) engine. While these two capabilities now come standard with other procurement and CLM technologies, to say they are all created equal would be as incorrect as labeling all source-to-pay platforms equal. While sounding technical on the surface, these two areas are the defining elements that help differentiate the vendor today in terms of what they can enable procurement to achieve (beyond the expected CLM basics). In addition, they enable Agiloft to serve as a new type of project and process orchestration platform to unite other technologies and data sets.

This Spend Matters PRO Vendor Snapshot explores Agiloft’s product strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide whether they should shortlist the vendor. It also offers a critique (pros/cons) of the user interface. Part 1 of our analysis provided a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider Agiloft in the CLM area. Next up, this series will offer a SWOT analysis, user selection guide, competitive alternatives, and additional evaluation and selection considerations.

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