Contract Logix Contract Lifecycle Review - why 4.1 stars?

Shlomi Lavi / updated: May 10, 2022

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What is Contract Logix Contract Lifecycle?

Contract Logix is a cloud-based supply chain management software that helps legal, sales, administration as well as procurement professionals to draft, approve, edit, negotiate and execute their contracts. The software automates all processes leading to contract execution in a bid to minimize errors to the barest minimum. The tool can be customized with specific fields by organizational and contract types in order to optimize the accuracy of data obtained.

Some of Contract Logix features include; compliance tracking, government contracts, workflow management, contract lifecycle management, electronic signature amongst others. Contract Logix is a privately held company with headquarter in Lowell, Massachusetts, USA, and it has an employee size of 11 - 50 members of staff.

Who is it best for?

The software is a useful solution for businesses of all sizes and a wide range of types. It can be used in such major industries and domains as banking and finance, legal services, retail and wholesale, government and public administration, and others. Some notable clients of the software include Allegis Group, Tek Systems, B/E Aerospace and others.

Main features and functionalities

The software offers a variety of contract authoring capabilities including automatic insertion of clauses, clause libraries, custom fields, rich text editor, temples, and integration with Microsoft Word. It offers a centralized repository for content storage in addition to PDF conversion, scanned document conversion, full text search, and OCR functionality.

Contract Logix Contract Lifecycle Management offers comparison of redline versions in addition to change tracking and document emailing. Other important capabilities include audit trail, custom reporting and dashboard, expiration calendar, field tracking, contract compliance, contract modifications, customizable alerts, data backup, and others.

What is the actual cost?

The cost of license starts at $59.99 per user/month. ITQlick pricing score is 2.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Contract Logix Contract Lifecycle. You can also find here pricing information from Contract Logix Contract Lifecycle's website.

Pros

• The platform is adaptable and flexible to meet organizational needs
• Contract Logix reporting feature and request module make audit preparation quick
• The software is relatively user-friendly

Cons

• The platform lags on certain browsers
• Customization often requires technical assistance

How it stacks up?

Access a head to head analysis of Contract Logix Contract Lifecycle vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Contract Logix Contract Lifecycle right for you or your business?

Contract Logix software is ideal for small, medium, and large enterprises, and it is a suitable solution for any business. Industries such as finance, banking, legal services, procurement services and every other domain that involves contractual terms would find this tool handy. Some of Contract Logix notable clients include; Tek systems, Allegis Group, B/E Aerospace and many others.