Asentex Contract Review - why 5 stars?

Asentex Contract Management Review
ITQlick Score: 80/100
ITQlick Rating: (5/5)
Pricing: 2.2/10 - low cost
Category: Contract Management -> Asentex Contract
Ranking:Ranked 12 out of 35 Contract Management systems
Company: Asentex
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: Asentex Contract pricing, Asentex Contract alternatives

Shlomi LaviShlomi Lavi / updated: Sep 01, 2020

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What is Asentex Contract?

Asentex Contract Management is a web based contract management solution for businesses of all sizes. Its main functionalities include auditing and reporting, negotiation management, approvals, and others. The software was designed and launched by Asentex Inc headquartered in California, United States.

What is Asentex Contract rating? ()

The rating of Asentex Contract is 5 stars out of 5 and the total score is 80 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Asentex Contract's typical customers?

Customers of the software include businesses of all sizes and types. It has found deployment in such major industries as banking and finance, engineering services, retail and wholesale, education, healthcare and hospitality, non-profit organizations, energy, defense and aerospace, and others.

Is Asentex Contract the best Contract Management?

Asentex Contract is ranked 12 out of 35 software in their category (Contract Management systems).

What are their main features and functionalities?

The software offers automation of contract management through the various stages of its lifecycle. Negotiation process and contract management is streamlined through effective workflow management. The system can be customized keeping in view specific business needs. The software also offers integration with Microsoft Word for easy editing and tracking of contract changes. Constant monitoring is offered for contract terms and expired contracts.

With Asentex Contract Management, contracts can be reviewed and approved on the go from mobile devices. Other important capabilities of the software include completion tracking, compliance management, contract drafting, contract templates, digital signatures, milestone tracking, specialty contracts, and version control. Support is offered in the form of request forms and phone calls.

Who are their main alternatives?

Ascentex Contract Management has two main competitors and these are Novatus Contract Management and Emptoris Contract Management.

Novatus Contract Management covers the management of contracts from definition, to negotiation and finally execution. It includes a library of contract templates for easy use, as well as creates a central repository for all contract related information which can be accessed via data analytic tools for in-depth reviews. There is support for proactive email & mobile alerts to advice on upcoming contractual dates, as well as an online portal to aid in contract negotiation and electronic acceptance as well.

In comparison Ascentex Contract Management is a workflow based system which can be easily customized to match the business & contract needs of a company. It also includes a risk mitigation module that analyzes all active contracts to advise on terms & dates requiring proactive action to minimize any contractual breaches.

Emptoris Contract Management on the other hand provides two specialized modules to handle first procurement contracts and secondly sales contracts. It supports compliance procedures, documents legal requirements, and monitors contractual performance to flag any non compliance issues which need to be addressed. Additionally the product documents contract renegotiations and updates terms automatically where required.

Ascentex Contract Management unifies all contract requirements in one module unlike Emptoris Contract Management. Additionally it supports a variety of document capture methods that include scanning, optical character & mark recognition and barcodes to ensure digitization of all contractual documents for easy access and analysis whenever required.

What is the cost of Asentex Contract?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2.2 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Asentex Contract

What should you ask Asentex during a demo session? (65 questions)

Schedule a demo with Asentex Contract and access 65 must ask questions for the vendor while watching Asentex Contract in action. Visit the vendor's website here.

Asentex Contract's list of categories:

Digital Signature
Product Lifecycle Management
Vendor Managed Inventory
Compliance
Workflow Management
Contract Management
Project Workflow
Warehouse Management
Supplier Management
Third Party Logistics (3PL)
Transportation management

Asentex Contract's list of features:

Version Control
Workflow
Compliance
Electronic Workflow
Product Lifecycle Management

Asentex Contract Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality
Review
Compare
Asentex
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
80/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
16
Compare
ContractExpress
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
91/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
9
SIGNiX
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
88/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
7/10
License pricing license pricing (if provided by the software vendor)
$120 per year
Functionality
4
Review
Lextree
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
88/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.8/10
License pricing license pricing (if provided by the software vendor)
$349 per user/month
Functionality
3
Gatekeeper
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
87/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.6/10
License pricing license pricing (if provided by the software vendor)
$775 per month
Functionality
20
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.