Conga Novatus Contract Review - why 4.6 stars?

Conga Novatus Contract Management Software Review
ITQlick Score: 80/100
ITQlick Rating: (4.6/5)
Pricing: 4.4/10 - average cost
Category: Contract Management -> Conga Novatus Contract
Ranking:Ranked 11 out of 35 Contract Management systems
Company: Conga
Pricing: starts at $55 per user/month
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: Conga Novatus Contract pricing, Conga Novatus Contract alternatives

Shlomi LaviShlomi Lavi / updated: Sep 29, 2022

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What is Conga Novatus Contract and its features?

Novatus Contract Management provides software by the same name which manages the contract lifecycle of a business. This contract lifecycle management (CLM) software provides a comprehensive solution which helps businesses generate, track, maintain, and report on important business contracts across the enterprise.

The Orlando, Florida based company was founded in 1998 and is a pioneer in developing top tier contract management solutions.

It focuses on innovative software that impacts clients positively by ensuring contract management meets compliance requirements, reduces risk, while ensuring a positive market advantage.

What is Conga Novatus Contract rating?

The rating of Conga Novatus Contract is 4.6 stars out of 5 and the total score is 80 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses Conga Novatus Contract?

Contracts are essential to any business as they have a direct impact on profitability. Novatus software provides a secure way to take contracts through the entire lifecycle in a structured process. It benefits Contract Managers, Legal Advisors, as well as Procurement and Sales managers as well.

It is best used by companies that seek a solution that automates the entire CLM process from creation to negotiation, then approval and finally renewal. Novatus software can also interface with your internal data easily with inbuilt integrations with other major enterprise software, making it far easier to deploy and implement within your organization.

Contract Management is an especially effective tool for legal and contract teams by providing features that increase control over past, current and future contracts, contract reminders, structured approval processes, and a customizable dashboard to monitor performance and progress.

It is a cross industry product that can be used by companies of any size. Contract Management is currently implemented at over 120 clients worldwide and these include Sony, WD-40 and HD Supply.

Is it easy to use?

Yes, Conga Novatus Contract makes it fairly easy to use. This product is user friendly and intuitive.

Is Conga Novatus Contract cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently Conga Novatus Contract can't be accessed on mobile, you would need to access it from your computer.

Is Conga Novatus Contract the best Contract Management system?

Conga Novatus Contract is ranked 11 out of 35 software in their category (Contract Management systems).

What are their main features and functionalities?

Contact Management covers the full contract lifecycle which includes the ability to request, create, negotiate, execute and manage contracts. Key features include contract template building which reduces time to generation, as well as a centralized repository of contract data for BI reporting, Document management and Dashboard representation.

Contract notifications can be setup for proactive alerts to the contract teams to take relevant actions, with workflows designed to ensure a proper approval process for contracts is in place. For companies that want anytime access to their contract information and status, Novatus offers support for mobile devices with mobile alerts as well.

There is a secure negotiation portal for online contract negotiation which reduces time to contract assignment and agreement dramatically. Electronic signatures are standard to allow faster contract signature online.

Finally Novatus provides supplier registration as well to ensure all suppliers meet standard requirements, and only qualified ones are invited to bid on potential contracts thus saving substantial time in review and negotiation.

What are Conga Novatus Contract's pros? (6 Pros)

  • The entire Contract Lifecycle Management (CLM) process is fully-automated
  • Novatus Contract Management is cloud based and offers 100% security for all contract data and 99.98% uptime for dependable accessibility for customers
  • It offers stream lined implementation to get your implementation running in days not months
  • The software offers integration with many systems including SalesForce (CRM), Seal Software (e-discovery), Coupa (e-sourcing) and DocuSign (e-signatures).
  • All updates and enhancements are included with Novatus software at no additional costs
  • The product has 24/7 user support for all its clients

What are Conga Novatus Contract's cons? (5 cons)

  • Data Migration tools are provided as part of the implementation but there is no guarantee from Novatus on information quality
  • Implementation time frames for the product do not take into account the time for pre implementation contract analysis and data migration
  • Companies are resistant to placing sensitive contract data on the cloud
  • Reporting tools provided by Novatus do not provide advanced BI analytics
  • The software does not have in built functionality to support regulatory requirements

Who are their main alternatives?

The main competitors for Novatus Contract Management are Zycus Contract Management and Ariba Contract Management.

Zycus Contract Management helps companies manage the complete contract lifecycle. It comes with two modules with the first being the iContract Repository which acts as a data warehouse for contractual documents with search tools, reporting & dashboards to monitor compliance, as well proactive alerting to address key events. Then there is iContract Authoring which provides contract templates & a legal clause library for contract creation, workflows for approvals, as well as audit trails to validate all changes.

While Novatus Contract Management supports most of these main features, it can also handle both buyer & seller contracts. This is done first with a supplier registration portal to pre-qualify suppliers and then manage the bidding contract requirements. Also the product has an exclusive connection with Salesforce to manage sales contracts with customers. Finally there is support for e-signatures to ensure all contracts are legally binding.

Ariba Contract Management on the other hand provides an auto generation feature for contracts based on existing templates with the essential terms being updated. There is a facility to scan and capture paper based contracts for review & storage, and the product can be accessed via mobile devices as well. Additionally it supports open integration with major enterprise applications, with support for customization to address industry specific requirements.

However Novatus Contract Management also enables mobile device access as part of its cloud based solution offering. Additionally the product provides a portal to handle contract negotiations through online collaboration with the different parties.

What is the cost of Conga Novatus Contract?

The cost of license starts at $55 per user/month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 4.4 out of 10 (10 is most expensive). You can find here the REAL total cost breakdown for Conga Novatus Contract. You can also find here pricing information from Conga Novatus Contract's website.

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

Schedule a demo with Conga Novatus Contract and access 65 must ask questions for the vendor while watching Conga Novatus Contract in action.

List of categories

Vendor Managed Inventory
Contract Management
Order Fulfillment
Demand Planning
SC Procurement
Strategic Sourcing
Supply Chain Planning
Contract Management

List of features

Clause Libraries
Compare Redlined Versions
Configurable Reports
Contract Deliverables
Contract Expirations
Contract Payments
Contract Renewals
Convert PDFs
Custom Fields
Customizable Alerts
Dashboard
Department Level Access
Email Documents
Expiration Calendar
Group Level Access

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Author

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.