Conga Named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Buy-Side Contract Lifecycle Management 2023 Vendor Assessment
Conga recognized for seamless integration and enabling strong efficiency gains
BROOMFIELD, COLO. – May 2, 2023 – Conga, the global leader in Revenue Lifecycle Management solutions, today announced it has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Buy-Side Contract Lifecycle Management 2023 Vendor Assessment (doc #US48785822, March 2023). This marks the second time Conga has been designated a Leader in the IDC MarketScape report for this market.
The IDC MarketScape analyzed 14 companies in the market based on vendors’ contract lifecycle management applications from the buy-side perspective. According to the report, “Conga clients enjoy marked improvements in improved, faster contract processing coupled with increased contract compliance. The Conga contract management solution provides strong efficiency gains — less effort and time required to execute contract-related processes — and risk mitigation in the contracting process.”
Other strengths of Conga’s CLM platform emphasized in the assessment include:
- The ability to seamlessly connect to multiple other tools and applications, including e-signature, analytics, Salesforce, and Microsoft Office
- An understanding of buyer needs and willingness to provide solutions that enhance time to value, offering options to clients to improve and more quickly execute on the implementation
- Conga is well aligned to its clients' needs. Client references expressed strong awareness of the Conga product road map and felt their voice was heard when making suggestions. Likewise, references viewed Conga's responsiveness to service issues as exceptional.
“As digitization continues to grow globally, more companies seek robust CLM technology with enhanced capabilities to maximize operational and financial performance while reducing risk and ensuring organizational compliance,” said Patrick Reymann, IDC Research Director, Procurement and Enterprise Apps. “Conga CLM has proven to be an effective platform for helping businesses successfully achieve their goals through efficiency, compliance, and strategic insights making it a leader in enterprise-grade contract management solutions.”
Conga’s CLM solution helps businesses transform unique complexities for contract management by simplifying and automating contract processes across departments. Through real-time collaboration and tracking, businesses of all sizes can mitigate risk and close deals faster during the contract negotiation and execution phase of revenue lifecycle management. Conga CLM is an end-to-end contract lifecycle management solution built to automate complex processes, including the ability to manage buy- and sell-side contracts across geographies and departments. It empowers everyone involved in the process, increases visibility, and enforces compliance while maximizing revenue potential.
“Businesses increasingly understand the importance of standardizing and streamlining workflows to create efficiencies through centralized technology solutions. Conga CLM was built to help businesses save time and close deals faster through end-to-end optimization, while improving compliance and visibility,” said Noel Goggin, CEO and Culture Leader at Conga. “We’re honored to be named as a Leader in this report and for further recognition of the Conga CLM platform. This achievement is a testament to our commitment to continuously drive innovation and customer satisfaction.”
To learn more about Conga CLM, visit: https://conga.com/products/contract-management/conga-contract-lifecycle-management
Conga crushes complexity in an increasingly complex world. With our Revenue Lifecycle Management solution, we transform each company's unique complexities for order configuration, execution, fulfillment, and contract renewal processes with a unified data model that adapts to ever-changing business requirements and aligns the understanding and efforts of every team. Our approach is grounded in the Conga Way, a framework of entrepreneurial spirit and achieving together to champion our 11,000+ customers. We’re committed to our customers and to removing complexity in an increasingly complex world. Our solutions quickly adapt to changing business models so you can normalize your revenue management processes.
Conga has global operations across North America, Europe, and Asia. Learn more at conga.com or follow Conga on Twitter: @congahq.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research
methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be
meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.