Apttus Review

Apttus
Product:
Vendor:
Founded:
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Apttus
Apttus
2006
San Mateo, CA
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Free Trial:
Private
300+
Cloud
Yes

Apttus At A Glance

Good: Apttus is designed with the intricacies of enterprise companies in mind, offering a variety of features for nearly any use case.
Bad: Mid- to large-sized businesses may find the solution too clunky and complex.
Bottom Line: Apttus can streamline contract lifecycle management for enterprise companies, like PayPal and LinkedIn, with diverse needs.

Product Overview

Apttus is designed with the intricacies of enterprise companies in mind, offering a variety of features for nearly any use case and streamlining contract lifecycle management for companies that have diverse and expansive needs, like PayPal and LinkedIn.

Trusted by over 70 Fortune 500 companies, Apttus allows users to control the process of creating and managing contracts, leveraging them as a strategic advantage for both buy-side and sell-side agreements.

Apttus harnesses the power of machine learning and artificial intelligence (AI) to assist businesses in creating visibility and automating much of the contract lifecycle management process.

This contract management solution will integrate with any customer relationship management (CRM) solution.

Features

Apttus Contract Lifecycle Management offers a range of features for its customers, including:

  • Contract standardization – Enterprise businesses need to have consistency with all of their contracts. Contract standardization allows users to import and create their own legal playbooks, automatically assemble contracts based on predetermined rules, and allow for role-based access and permissions so only certain users can modify aspects of the contract.
  • Compliance monitoring – Apttus provides a central, global repository for all contracts and will monitor for compliance by tracking terms and changes, managing exceptions and providing an audit trail.
  • Visibility for buy- and sell-side – With so many contracts in-play, it can be difficult to determine specific contractual obligations. Apttus’ visibility feature offers full-text search functions, filtering, saved searches and audit history.
  • AI-managed workflows – To save time and money, Apttus offers AI-managed workflows to its users. This feature allows for the set-up of self-service contract wizards, one-click generation of contracts and a delegation of authority matrix (for getting approvals if someone is out of the office). It also integrates with e-signature services to get contracts approved faster.

Target Market

Apttus is designed for large businesses and enterprise companies with over 500 employees and over $1 billion in revenues. Its expansive array of features is geared directly toward companies that have diverse needs and services.

Some of Apttus’ clients include:

  • Citrix
  • Olympus
  • Aramark
  • Adobe
  • DocuSign
  • Hewlett Packard Enterprise
  • LinkedIn
  • PayPal
  • Motorola
  • Thomson Reuters

Implementation/Integration

As a cloud-based service, Apttus can connect with most CRM and eSignature solutions.

Customer Service & Support

Apttus provides training both in-person and online. Their customer support team is available by live chat 24/7 and by other methods during normal business hours.

Pricing

Apttus doesn’t provide pricing information. This is available by quote only.

Shortcomings

Apttus serves its enterprise clients well, with many bells and whistles these customers may need, but mid- to large-sized businesses may find it too clunky and complicated.

Since it’s geared toward companies with over 500 employees, users with fewer employees might find it to be too expensive or complex for their specific needs.

Screenshots

Apttus Screenshot 1
Apttus Screenshot 2
Apttus Screenshot 3

About

Apttus was founded in 2006 by Kent Perkocha and Neehar Giri. It was acquired by Thoma Bravo in 2015.

Their mission is to “help companies modernize their revenue and legal operations for the digital economy.” Apttus created what it calls the “Middle Office,” designed to keep track of “the most important processes for any enterprise organization – revenue generation and management of commercial relationships.”

 

Send feedback or corrections to feedback@betterbuys.com.

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