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what is ironclad

What is Ironclad – Everything You Need To Know

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Ironclad is a SaaS-focused contract management software that simplifies the process of managing contracts across all types of industries. The platform contains an intuitive user experience alongside features that help streamline contract workflows and reduce errors. Whether you are a small startup or a large enterprise, Ironclad can help you take control of your contracts and make better decisions with accurate information. In addition, through advanced analytics and reporting tools, Ironclad can provide valuable insights into your contract data, which can help optimize and reduce the time needed from contract start to completion. So if you are thinking about implementing a new contract management tool for your company, read on to learn more about how Ironclad is taking an efficient approach. 

Ironclad Overview

What Is Ironclad Used For? 

Ironclad is not your average contract management software. With Ironclad, companies can achieve a myriad of objectives related to becoming more efficient with contracts. Below, you will find some of the most popular use cases that businesses seek out Ironclad for:  

  • Negotiate contracts securely. 
  • Develop personalized contracts. 
  • Track and analyze engagement data. 
  • Create a repository to store contract data. 
  • Obtain legally binding e-signatures across all devices. 

When it comes to negotiating contracts, Ironclad provides businesses with a secure platform that allows them to collaborate with their teams and external stakeholders. Once external and internal systems are set up, contract experts can use negotiation tools that offer flexibility throughout the process. 

One example of a tool that can assist contract experts is the ability to develop personalized contracts. The platform comes equipped with customizable templates, ensuring that contracts are tailored to the specific requirements of each agreement. This flexibility not only enhances the user experience but also results in more accurate and efficient contract development.

Another valuable tool is Ironclad’s ability to track and analyze engagement data. Analytics and reporting tools can permit businesses to monitor contract performance and identify areas for improvement. Additionally, data can help them discern valuable insights to help optimize their contract workflows.

Aside from personalization and data analytics, Ironclad contains a repository so businesses can store past, present, and future contracts in a centralized location. With the help of an intuitive search system, users can quickly and easily locate contracts based on specific keywords, clauses, and more.

A last use case for the platform includes the ability to obtain legally binding e-signatures across all devices. Stakeholders, contract managers, and other appropriate parties can sign contracts from anywhere with state-of-the-art protection. 

Who Uses Ironclad? 

Ironclad serves a number of industries with the primary being legal, procurement, finance, marketing, sales, and HR. Inside these industries, the service has supported the needs of thousands of businesses. Currently, they are playing a marquee role in the contract management workflows of companies like Mastercard, L’oreal, Asana, Canva, Fitbit, and Snap Inc. Regardless of what industry or company you work for, Ironclad serves to help with all kinds of different contracts across the globe. 

  1. HR 
  2. Legal
  3. Sales
  4. Finance
  5. Marketing
  6. Procurement

What Does Ironclad Do? 

From the beginning of the contract lifecycle to the end, Ironclad is there to serve your needs. With a powerful set of contract management features, it has become a favorable solution for many. Although, while it is important to understand what features are offered, it is also imperative to learn about its capabilities. 

  • Lets key stakeholders and contract managers collaborate. 
  • Streamlines contract workflows through automation and repositories. 
  • Contains a built-in security compliance system to protect the interest of others. 

One aspect of Ironclad is its collaboration potential, which allows team members to work together seamlessly on contracts, regardless of their location or timezone. This is particularly helpful for businesses that are international or have most employees work from home. In addition, it is beneficial for connecting with many different stakeholders involved in the process.  

Ironclad also provides users with a dynamic repository that makes it easy to store, search, and manage contracts. Having a dynamic repository can ensure that relevant information is accessible and available. Which can significantly reduce the time and effort required for contract management.

Moreover, with respect to security, Ironclad’s built-in compliance initiative for frameworks like SOC 2 provides an additional layer of protection for sensitive contract data. Thus allowing small and large corporations to protect sensitive material, resist data breaches, and maintain compliance standards. 

How Does Ironclad Work?

As a potential user of this cutting-edge contract management software solution, it might be difficult to conceptualize how the platform might serve your needs. To facilitate a better understanding, take a look at the step-by-step guide that details how Ironclad might work from sign-up to feature implementation.  

  1. Set up your Ironclad account: To get started with Ironclad, the first step is to set up your account by purchasing a pricing package. Following, you will proceed to create a username and password, as well as enter some basic information about yourself and your company. Once finalized, you can begin using Ironclad to manage your contracts.
  2. Create a new contract: To create a new contract in Ironclad, simply click the “New Contract” button and enter information like the contract type, and the number of parties, and add custom terms. If at any time you need to finish personalizing your contract at a later time,  you can save your progress and come back to it later.
  3. Collaborate on the contract: After finishing your first contract, you can add the e-mails of all of the involved parties to come to collaborate. Ironclad’s collaboration features make it easy to work together on contracts, so you can easily manage documents, track changes, and leave comments for others to see.
  4. Manage the contract lifecycle: As the contract moves through its lifecycle, you can then leverage Ironclad’s many other features to manage existing contracts. For example, you can set up alerts to remind you of important deadlines, you can track contract changes, or you can monitor performance against key metrics.
  5. Ensure compliance and security: Lastly, one of the key advantages of using Ironclad is its built-in security compliance features. This ensures that contract data is protected against potential breaches. You can choose from a wide variety of frameworks to abide by (e.g. SOC 2), or you can create your own.

Ironclad Features

With its many benefits, Ironclad also comes with a slew of features that are sure to improve the efficiency of your current contract management workflow. These features include things like editing, contract creation, templates, e-signatures, a database, notifications and reminders, and more. Whether or not you use all of these features is up to you. Regardless, they let you enjoy a seamless user experience that helps you manage contracts. 

Contract EditingE-signatures
Contract CreationContract Database
Contract TemplatesNotifications & Reminders

What Does Ironclad Integrate With? 

Ironclad is able to integrate with a number of different platforms. Because inevitably the platform wants its users to move faster and improve their performance. However, they refer to their integration system as an ‘Ecosystem’. They offer the ability for companies to integrate with ecosystems in spaces like artificial intelligence, automation and workflow, business intelligence, document management, e-signature, legal, sales, and implementation services. Companies within these categories may include but are not limited to: 

Who Are Ironclad’s Competitors And Alternatives? 

If you are looking for more information about the competitors and alternatives to Ironclad, we have got you covered. Below, you will find the top five alternatives to the platform so you can earn more about how each solution compares to the core objectives of Ironclad

  1. LinkSquares: A CLM solution that enables companies to manage pre-signature, e-signature, and post-signature aspects of contract management. 
  2. DocuSign CLM: Combines DocuSign’s core e-signature feature with the ability to execute customized contracts. 
  3. Conga Contracts: Automates key aspects of the contract lifecycle to speed up the end-to-end process. 
  4. Evisort: Leverages AI to deliver contract workflows on a digital platform. 
  5. Juro: Helps fast-growing businesses streamline and scale contract execution. 

Ironclad Pricing 

Pricing plans at Ironclad are customized for each customer. The team believes in understanding the different needs of clients as the way budgets and contracts are handled across companies can change vastly. Therefore in order to get a better understanding of the monthly or annual price of Ironclad, it is necessary to discuss it further with one of their sales specialists. Simply visit their website, fill out the form at the bottom of their pricing page, and wait for a response from a sales representative to schedule a demo. 

PricingContact Sales

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