Compare Precisely vs ContractRoom vs Coupa

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68%
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100%
31%
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81%
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Software Description:

Precisely helps companies streamline and take control of their contracts with a single point of contact for all contract related matters. Create, control, sign, archive, and monitor all your contracts in the cloud.

  • Create - Precisely's Contract Creator enables you to transform any of your frequently used contracts into fully customizable intelligent templates that enable fast and secure production of contracts.
  • Control - Easily create Custom Templates and eliminate undesired amendments to your contracts. User-level authorization makes sure that each contract has the right content. The approval workflow is automated too.
  • Sign - Seamless handling for an unlimited amount of legally binding e-signatures; from adding of parties to signing the contracts. No more printing.
  • Archive - Get storage for all your contracts on Precisely's secure servers. Smart Search and filtering to quickly find what you are looking for. No more paper.
  • Monitor - Help me keeping track of contract expiry, deadlines, and milestones. Get reminders to never miss an important deadline again.

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:

Coupa offers a cloud-based spend management platform for larger businesses to monitor spending between multiple departments.

The solution helps organizations to spend more wisely and make larger savings, primarily by creating expense auditing, benchmarking, transaction processing, and contract lifecycle management. The contract management module comes as an integrating part of spend management subscription and provides the ability to create contracts including authoring, editing, and eSignature.

Coupa is a "Savings-as-a-Service" platform that helps its users to stay within limits of their budgets. It is a great solution for companies that are in need of a customizable web-based solution that will optimize their spending and keep them audit-ready at every moment.

Features:

  • Electronic Signature
  • Notifications
  • Dashboard
  • Multi-User
  • Data Import
  • External Integrations
  • API
  • File Sharing
  • File Transfer
  • 2-Factor Authentication

Features:

Features:

  • File Transfer
  • SAP Integration
  • Customer Management
  • Notifications
  • Supplier Management
  • Data Visualization
  • API
  • External Integrations
  • Data Export
  • Data Import
  • CRM Integration
  • Forecasting
  • 2-Factor Authentication
  • Inventory Tracking
  • Dashboard
  • Budgeting
  • Expense Tracking
  • Billing/Invoicing

Summary:

  • All your contracts in one place.

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:

  • Spend management

  • Procurement

  • Expense management

  • Invoicing

  • Analytics

  • Dashboards & Reports

  • Purchase order management (PO)

  • Real-time budgets

  • Optical character recognition (OCR)

  • Web forms

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

FAQs:

    What is this service generally used for?
  • To automate contract creation and manage all contracts across all departments in the company.

  • What platforms does this service support?
  • This is web-based.

  • Does this service offer multi-user capability (e.g. teams)?
  • Yes, of course.

  • Does this service offer an API?
  • Yes, it does.

  • Who are the main user groups of this service?
  • Legal departments, CFO & CEO are (depending on the size of the company) usually in charge of the organization's contracts in terms of compliance and control. They usually utilize the platform to decentralize contract management to different departments (e.g. Sales, Finance, HR) - without losing control of the contracts.

  • Does this service integrate with any other apps?
  • Yes, integrations to any other system is available upon request.

  • Does this service offer guides, tutorials and or customer support?
  • Yes, it does.

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:

    What is this service generally used for?
  • This service is used for Spend Management and Contract Lifecycle Management.

  • What are some applications this service is commonly used in tandem with?
  • Coupa is most commonly used in tandem with ERP applications.

  • Does this service offer guides, tutorials and or customer support?
  • Support: Community, Online Support, Phone Support, Video Tutorials, Knowledge Base.

  • What platforms does this service support?
  • Coupa is a web-based software with Android and iOS native apps offered.

  • Does this service offer an API?
  • Yes, Coupa offers RESTful API.

  • Does this service integrate with any other apps?
  • Integrations: Adaptive Insights, ADP, Avalara, NetSuite, Cortex, DataDimension, Emptoris, Octa, Novatus, Right Scale, Scan One, Rosslyn Analytics, OneLogin, Salesforce, Nvoicepay, SnapLogic, Vertex.

  • Does this service offer multi-user capability (e.g. teams)?
  • No.

  • Who are the main user groups of this service?
  • Main users of Coupa are businesses with yearly revenues starting at $75 million or higher.

Publisher:

Founded:
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Based in:
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Employees:
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Likes:
Followers:

Publisher:

Founded:
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Based in:
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Employees:
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Likes:
40
Followers:

Publisher:

Founded:
-
Based in:
San Mateo, CA
Employees:
501-1000
Likes:
Followers:

Other:

Who uses Precisely
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
Languages:
Swedish, English
Regional Restrictions:
No restrictions.

Other:

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

Other:

Who uses Coupa
  • Enterprises
Desktop Platforms:
  • Web App
Mobile Platforms:
  • iOS
  • Android
Languages:
German, French, English
Regional Restrictions:
No restrictions.
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