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Terzo: Vendor Analysis — Contract analytics solution overview, roadmap, competitors, tech selection tips, analyst summary

03/29/2023 By

This Spend Matters PRO Vendor Analysis provides an overview of Terzo and its contract analytics solution. Terzo is designed to provide financial insights from contracts that more standard contract lifecycle management (CLM) and contract analytics tools neglect.

Terzo is built with an underlying belief that legacy CLM solutions have a legal focus that, while useful, has made it difficult for non-legal end users to manage and unlock value from contracts. Accordingly, Terzo uses AI to offer insights into contracts on its configurable, no-code platform.

Terzo is best categorized as a contract analytics solution, as its insights are all driven from data found in contracts. Unlike CLM solutions that focus on areas such as contract authoring and negotiating, Terzo functions as a repository based on insights, with only minimal CLM overlap otherwise (e.g., renewal workflows). A key benefit of the solution, for instance, may be third-party spend optimization.

Here’s why Terzo matters:

  • To the market — Terzo uses AI to help companies gain value from their existing contracts.
  • To customers — Terzo’s no-code platform allows customers to tailor the system to their preferences, which is especially useful when multiple end users from different departments have access to the platform.
  • To potential buyers — Terzo is different from traditional CLM providers and most contract analytics solutions because it uses existing contract data to highlight important financial information.

This Spend Matters PRO Vendor Analysis explains what differentiates this vendor, gives an overview of its capabilities and competitors, provides tech selection tips and closes with key analyst takeaways.

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Vendor Analysis