Founded in 2006, Contract Logix offers a fairly robust contract management solution targeted at small to mid-market companies ($10-200 million in revenue). The best use case is a B2B or B2C company with a physical or digital business model. While the CLM product can handle buy-side or sell-side requirements, the product stands out in buy-side deals. While many companies remain industry-agnostic, Contract Logix has solidified its vertical expertise in several industries including healthcare as well as Pharma/Biotech and Energy. Contract Logix has real potential. With more focus, it can go even deeper into verticals and accelerate growth. The marketing is under-powered relative to the capabilities of the solution. It also represents excellent value, given the attractive low cost to acquire and run Contract Logix.

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 Use Case Notes™?

The MGI Use Case Note™ describes the ideal customer profile (ICP) for a given solution. It helps prospective buyers understand a product’s “best fit” by identifying its customers:

  • size
  • business models
  • selling regions
  • tech ecosystems
  • sales channels
  • primary verticals
  • and more


The aim is to help interested parties quickly and confidently narrow the list of suppliers that could meet a particular use case. It is not intended to describe the entire range of possible use cases, nor is it an in-depth analysis of the supplier or solution. (For in-depth analysis of a solution, see MGI 360 Ratings™.) See a sample Use Case Note here.

Get the report to see Contract Logix CLM’s ideal customer profile: