June 22, 2020
Ironclad has been selected as a 2020 Aragon Research Hot Vendor in the workflow and content automation space. The independent research firm recognized Ironclad for being “noteworthy, visionary, and innovative” and for “its unique focus on supporting legal teams and its no-code workflow capabilities.”
Ironclad was one of four vendors in the space awarded after rigorous evaluation. According to Aragon Research, the awards focus on vendors that have “technology that expands capabilities, a new strategy that opens up markets, or a new way of doing business that makes them worth evaluating.”
Growing enterprise focus on CLM software
This news reflects the increasing importance that enterprises are placing on contract lifecycle management (CLM) software. Not only are mid-market and enterprise organizations interested in contract management tools, but they are looking for technology that is agile, easy to implement, and readily usable by different teams.
“In a market where enterprises are already looking to replace existing offerings, Ironclad represents a new class of offering that needs minimal IT involvement.”
—2020 Aragon Research Special Report
Ironclad’s no-code Workflow Designer makes it easy for customers such as L’Oreal and Mastercard to design and deploy automated approvals and business processes for any type of contract, by any team.
In addition to Ironclad’s Workflow Designer, “Ironclad Dynamic Repository enables users to organize all their contracts in one place and extract insights from contract data. Agreement metadata is automatically tagged in contracts, making the database intuitively searchable. Together, Ironclad’s tools not only help legal teams manage and assemble documents, they provide new opportunities to extract value.”
“Ironclad is designed by legal experts and it is the only document automation platform built specifically to support legal’s contracting process,” according to the special report.
With its focus on agile and collaborative contracting, “Ironclad is an ideal choice for in-house legal teams that wish to automate the repetitive and suboptimal aspects of their legal documents and the associated workflow with those documents.”