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SimpliContract: Vendor Analysis — Overview of contract analytics solution, roadmap, competitors, tech selection tips, analyst summary

08/29/2022 By

This Spend Matters PRO Vendor Analysis provides an overview of SimpliContract and its contract lifecycle management solution. SimpliContract is a SaaS-based end-to-end CLM platform with NLP and OCR included as drivers of its AI engine. SimpliContract’s roadmap plan is to leverage AI and technological advances to create the most advanced one-stop enterprise platform for end-to-end CLM.

SimpliContract leverages AI to assist with contract authoring, post-signature management, stakeholder collaboration and more. The platform is used by over 6,000 enterprise users and stores over 50,000 contracts totaling more than $20 billion in value. The solution includes capabilities for contract authoring, a repository, general contract management, contract analytics, enterprise integrations and data extraction. AI-based capabilities include data extraction, a compare tool and smart search.

Here’s why SimpliContract matters:

  • To the market — SimpliContract offers end-to-end CLM capabilities with an emphasis on AI.
  • To customers — SimpliContract has a dedicated internal team for implementation and deployment. Typical implementations last for 8 to 12 weeks with day-to-day support available afterward. The vendor reports 100% user adoption within three weeks of implementation.
  • To potential buyers — SimpliContract’s enterprise CLM solution is quickly expanding and is an ideal fit for enterprise customers that would benefit from the provider’s advanced AI capabilities and planned growth in this area.

This Spend Matters PRO Vendor Analysis gives an overview of the vendor’s capabilities, its competitors, provides tech selection tips and closes with key analyst takeaways.

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Vendor Analysis