Compare ContractRoom vs ALTO eProcure

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Crozscore:

67%
what is this?
100%
31%
interest falling

Crozscore:

54%
what is this?
19%
interest falling
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Software Description:

ContractRoom is a cloud-based negotiation and contract lifecycle management system that changes the way deals get done and how decisions are made. There are clear differentiators with the competition, namely in the way ContractRoom streamlines the entire back-and-forth on business terms and legal text between negotiating parties. The solution can automate and capture data document assembly, term negotiation and contract management for any corporate buying, selling, hiring and recording activities. And then the large data set can be leveraged with machine learning to help predict the best terms and clauses for future agreement - finding the path of least resistance for the close. This means your internal and external dealings will be faster (up to 75%) with less mistakes and minimal friction.

Software Description:

Create flexible workflows, RFx's, POs from requisitions, templates for recurring transactions, blanket POs. Manage Supplier compliance and monitor performance with one simple solution.

Reduce maverick spend. Improve compliance and controls avoiding unproductive red tape.
Monitor your spend and identify savings opportunities.
Reduce request and processing costs

Interactive Dashboards: Your data is your most valuable asset. Monitor KPI's, identify opportunities, improve controls.
Flexible workflows: When we say flexible workflows, we really mean it. Every company has its own DNA. With our system "every" process can be digitised and customized without a single line of programming. It is that simple.
One request many suppliers: Create one request and send it to many suppliers simultaneously without compromising privacy.

Features:

Features:

  • File Transfer
  • File Sharing
  • Contact Management
  • Scheduling
  • Calendar Management
  • Dashboard
  • Accounts Payable
  • External Integrations
  • Supplier Management
  • Notifications
  • Multi-User
  • Expense Tracking
  • Data Export
  • API
  • Data Import

Summary:

  • Drafting a contract can be as simple as dragging and dropping standard contract clauses and clicking to edit the text as you desire.

  • Collaboration and Control - it covers the entire process of communication, reviewing, editing, approving and tasking both internally in an organization as well as externally with counterparties.

  • Transaction and Behavior Data - it captures and leverages transaction and behavior data from the entire back-and-forth negotiation, not only the final outcome, as is the case with most CLM systems.

Summary:

  • Request bids, manage contract and process PO's

Pricing:

  • Credit card required: N/A
  • Basic Plan:

    • $9 / user / month
    • Provides basic feature set for requesters and viewers
    • Access to archives
    • Administer account
    • Request contracts
    • View agreements

    Professional Plan:

    • $39 / user / month
    • Provides Basic + collaboration features for negotiation team members (approvers, reviewers, signers)
    • Assign Tasks
    • Complete & Sign
    • Edit & Negotiate
    • Review & Approve

    Business Plan:

    • $99 / user / month
    • Provides Basic + Professional + control & analytics features for contract leaders and controllers
    • Build frameworks
    • Build conditional agreements
    • Build workflows
    • Build smart tables
    • Start (draft) agreements
    • Create reports

Buyer Basic

$1.30
per transaction
Included in plan:
  • Purchase Order/RFX (unit)
  • Unlimited notifications
  • Integration with ALTO Exchange & ALTO Accounts Payable
  • Custom upfront validaton rules
  • Confidential POs/RFXs
  • Knowledge Base Access
  • Unlimited attachments
  • Project cost management
  • Month end accual report
  • Supplier classification management
  • Real time supplier score card
  • Category Management
  • Contract management module
  • Delegation of authority
  • Flexible workflow and business rules
  • Real time virtual inbox
  • Alerts/user preference management
  • Blanket POs
  • Recurring POs
  • Direct spend POs
  • Indirect spend POs
  • Change orders, advanced shipping notice, PO acknowledgement, service sheet
  • Code by location, GL coding or manual
  • Copy POs, RFXs, create templates, upload PO details
  • Exempt workflow
  • Supplier catalogue management
  • Workflow status and history
  • Multi Supplier RFXs (one to many)
  • Centralized/decentralized PO and RFX functionality
  • GIS capabilities
  • Reverse bids and much more
  • Standard business intelligence capabilities

FAQs:

    Does this service offer multi-user capability (e.g. teams)?
  • Yes, it allows multi-person use.

  • Does this service offer guides, tutorials and or customer support?
  • Yes, there is a Help Center with accompanying video tutorials.

FAQs:

    No FAQs associated with this application.

Publisher:

Founded:
-
Based in:
-
Employees:
-
Likes:
40
Followers:
1.58k

Publisher:

Founded:
-
Based in:
Calgary
Employees:
11-50
Likes:
Followers:

Other:

Who uses ContractRoom
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
  • Windows
  • Macintosh
Mobile Platforms:
  • iOS
  • Android
  • WinPhone
  • Blackberry
Languages:
English, Spanish
Regional Restrictions:
No restrictions.

Other:

Who uses ALTO eProcure
  • Freelance
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
  • Windows
  • Macintosh
Mobile Platforms:
  • iOS
  • Android
  • WinPhone
Languages:
English
Regional Restrictions:
No restrictions.
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