This MGI 360 Rating™ is designed to help buyers, suppliers, and investors assess the product functionality, management teams, channel breadth, marketing strategy, and financial positioning of Agiloft’s CLM tool.
MGI Research assigns an MGI 360 Rating of 59 and a Positive outlook to Agiloft in the CLM market. Agiloft is a strong all-around performer in CLM with a very flexible, no-code solution, predictable agile implementation approach, and a large and loyal customer base with numerous use cases across a wide range of company sizes, verticals, geographies, stages of maturity, and functional areas (buy-side, sell-side, digital transformation, enterprise).
Who is Agiloft?
Founded in 1991, Agiloft has a rich history in workflow management and enterprise solutions. Self-funded and profitable for years, the company has only raised $45M. The solution is industry-agnostic, although key verticals include Biotech/Pharma, Business Services, and Manufacturing, and the company is focused on geographic expansion. Profitable, the company is conservatively managed by an executive team of CLM and software industry veterans.
What is Contract Management?
Contract Lifecycle Management (CLM) is the process of strategically managing and leveraging the entire lifespan of legally binding agreements between two or more parties within a business context. CLM tools are evolving rapidly. Not long ago, CLM software described a relatively simple system for document management and e-signature. Today, mature CLM solutions employ AI/ML data capture capabilities to turn the contract management process into an intelligent, real-time system of record. For more about the evolution of CLM software, read The Six Stages of CLM Maturity.
What Are MGI 360 Ratings?
MGI 360 Ratings™ are a comprehensive structured system for evaluating technology companies. The MGI 360 scores reflect analyst opinions based on a scale of 0 to 100, combined with an analyst outlook (Positive, Negative, or Neutral). The 360 Rating system is comprised of 149 unique data points across five pillars:
- PRODUCT: How strong is the product’s competitive position?
- MANAGEMENT: How competent and experienced is the management team?
- CHANNELS: Does the company have a sales capability and channels needed to bring products to market?
- STRATEGY: Does the company have a realistic view of the opportunity and a compelling strategy for success?
- FINANCE: Is the company growing and profitable?
360 Ratings in Contract Lifecycle Management condense hours of research and customer references into simple, easy to understand ratings and recommendations to clearly demonstrate strengths, weaknesses, and differences among CLM software vendors. All 360 Ratings in Contract Lifecycle Management (CLM) are available in the CLM Top 35 Buyer’s Guide.
Get the report to find out how Agiloft compares to peer averages in the CLM market:
