Company Information
HQ
Copenhagen, Denmark
Founded
2017
Market
Contract Lifecycle Management
Solution
Contractbook
Representative
Customers
Verbit, Sendlane, Walnut, Vigo
Ideal Customer
Profile
Micro to SME organizations in the EU looking for a moderately priced modern CLM solution with above average functionality and out-of-the-box integrations across a spectrum of use cases in sales, HR, purchasing, et al.
Company Size
The ideal customer is a micro to SMB company ($1-25 million).
Business Model
Technology Ecosystem(s)
Contractbook is a cloud-native solution built on Google.
Primary Users
Business
IT
Sales
Procurement
HR
Legal
Contractbook’s key users include Business, HR, Sales, and Legal.
Investment Level
Contractbook is middle of the market in terms of pricing.
Agility
Customers generally report a very speedy implementation time, despite having large contract volumes that need ingesting.
Complexity
The product is best suited for low to modest contract complexity.
Geographies
North America
Latin America
EU
ME
Africa
Japan
Asia
Australia /NZ
Contractbook is a fit for companies based in North America or Europe.
Orientation of CLM
GC
Legal Ops
Buy Side
Sell Side
Enterprise
The solution is ideally suited for sell-side and enterprise contracting needs.
Top 3 Verticals
Software
Contractbook is well-suited for small software companies.
Media
The solution is a good fit for media companies.
Non-Profit
Contractbook has contract management experience with non-profit organizations.
Analyst Notes
Founded in 2017, Contractbook is a more recent, yet maturing addition to the CLM market. The best use case for the CLM product is a B2B or B2C company with a digital business model. MGI Research recommends the product for micro to small size companies (revenues less than $25 million), although the product may scale to midsize companies as Contractbook solidifies its position in the market.
Based in Denmark, Contractbook is a reminder of the increasing global presence of contract management tools. The product is a good fit for companies based in Europe or North America. Customer satisfaction is fairly high, citing the ease of use, quick implementations, and the variety of integrations the product offers.
