The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes ranking and positioning of leading CLM vendors with a global impact. The SPARK Matrix includes analysis of vendors, including Agiloft, ContractPodAi, CobbleStone Software, Conga, Coupa, DocuSign, Evisort, GEP, Icertis, Ivalua, SirionLabs, Synertrade, Scanmarket (Symfact), SAP Ariba, JAGGAER and Zycus.
“Contract Lifecycle Management (CLM) software vendors are focusing on enhancing their technology value proposition by providing an intuitive dashboard, contact-level visibility, a centralised database, AI-driven analytics, and support for software customization and configuration. Vendors continue to augment their AI/ML-powered capabilities for providing advanced contract authoring and negotiation, including Contract intelligence and smart contract search, record management, analytics & optimization, and audit & compliance,” said by Akshaysingh Chandel, Analyst at Quadrant Knowledge Solutions. Leading vendors are also improving their technology value proposition in order to provide a unified and integrated buyer-side and seller-side platform and solutions.” Akshay added.