Exari Recognized as a Contract Life-Cycle Management Leader For Buy-Side Contracts By Top Analyst Firm
Exari identified as one of the 14 most significant vendors for CLM
Boston, MA – October 11, 2016 – Exari, the leading provider of cloud-based contract lifecycle management solutions, announced today that for the first time it has been included in The Forrester Wave™ Contract Life-cycle Management, Q3 2016 report and named a leader for buy-side contracts. Based on a 28-criteria evaluation, Exari was identified as a top Contract Life-cycle Management (CLM) software provider and included in the most significant vendor list.
According to the report, written by Andrew Bartels and Charlotte Wang, “This market growth is in large part due to the fact that general counsels and other contract pros increasingly trust CLM providers to act as strategic partners…”.
Exari was founded by lawyers and has consistently proven to be the favorite CLM for corporate counsel in many industries.
“With the introduction of Contiki ECM, we have not only gained the full overview of the enterprise’s entire contract exposure, but also introduced an effective collaboration and process steering tool for the entire procurement and contracting process”, says Morten Minsaas, Senior VP of Procurement and Logistics at NTE. “This is something that strongly contributes to quality and process improvements.”
As the market rapidly expands, companies are turning to top providers like Exari to solve their enterprise contract risk challenges. The Forrester Wave™ report rated CLM solutions on specific functional criteria, such as contract repository, and contract creation and negotiation. In the report they stated “Vendors that provide easier authoring based on Microsoft Word and integrations with related products stand out from the rest”.
Exari’s focus on contract certainty is already benefiting enterprises in new ways, Exari customers:
- Seamlessly manage all aspects of document creation for version control and audit tracking;
- Accelerate the contract generation process and ensure compliance using Exari’s intuitive wizard-driven interview;
- Tightly integrate with market-leading applications like DocuSign and Salesforce.com to eliminate re-keying of data;
- Quickly and easily search for any contract in a completely secure repository, and;
- Gain unprecedented visibility through sophisticated tracking and analytics.
“We believe Exari’s position in the latest Forrester Wave™ for Contract Lifecycle Management is a vindication of our long-term strategy,” said Mike Maziarz, Exari’s Chief Marketing Officer. “We’re obsessed with bringing 100% contract certainty and reducing risk, complexity and cost to every enterprise across their entire contract portfolio.”
Exari’s unique Universal Contract Model™ (UCM) is allowing companies for the first time to capture and analyze their entire contract portfolio. This sets Exari apart from every other Contract Management solution, giving executives and their board of directors reduced contract risk and unprecedented visibility.
For Buy-Side Contracts, Exari received its highest scores in the following evaluation categories:
- Financial resources to pursue strategy (5.0)
- Contract types supported (5.0)
- Contract process management (4.0)
- Corporate strategy (4.0)
“It is highly rated for contract creation and negotiation, existing and third-party support, contract process management, and reporting functions,” stated Forrester “clients reported strong usability for contract authoring.”
The Forrester Wave™: Contract Life-Cycle Management, Q3 2016, Forrester Research, Inc., July 25th 2016
Exari is the market-leading Enterprise Contract Management platform for delivering 100% Contract Certainty™. Hundreds of thousands of users across 80 countries use Exari for document assembly, strategic sourcing, contract creation, negotiation, collaboration and contract analytics. 5 of the top 15 banks, 4 of the top insurance brokers, and numerous market-leading energy companies use Exari.
Exari is headquartered in Boston, Massachusetts with offices in Oslo and Bergen, Norway; London, UK; Munich, Germany; and Melbourne, Australia. Learn more at www.Exari.com.