Conga® named a Challenger in Gartner’s 2020 Magic Quadrant for Contract Life Cycle Management
Inaugural report recognizes Conga among 12 total vendors for completeness of vision and ability to execute
Broomfield, Colo. (March 16, 2020) - Conga®, the leader in end-to-end Digital Document Transformation (DDX), today announced it has been positioned as a Challenger in the 2020 Gartner Magic Quadrant for Contract Life Cycle Management (CLM).
Conga was recognized for its completeness of vision and ability to execute. We believe the recognition affirms that Conga has created a CLM solution that is focused primarily on creating customer success.
In the first-ever CLM Magic Quadrant report, Gartner asserts that “as organizations seek better regulatory compliance and faster authoring, negotiation and sign-off cycle times, interest in contract life cycle management is growing rapidly.” Additionally, the analyst firm predicts that “by 2023, AI will enable 30% faster contract negotiation and document completion processes in organizations that deploy leading contract CLM solutions.”
Conga’s Digital Document Transformation Suite -- including Conga Contracts -- enables organizations to harness AI to bring new levels of intelligence and automation to contract reviews. As a result, organizations can take greater control of creating, negotiating and managing contracts -- empowering them to focus on the customer experience while driving business and closing deals faster.
“Contracts are the token to forging exciting new business partnerships and signing new deals -- but managing them correctly can require a laundry list of to-dos, each bringing its own set of risks and challenges,” said Doug Rybacki, Chief Technology Officer at Conga. “We think Conga’s position as a Challenger in Gartner’s Magic Quadrant for CLM provides testament to the five-star value we aspire to bring our customers each and every day by simplifying and automating the documents and contracts that help them drive their businesses forward.”
View a complimentary copy of the February 2020 Magic Quadrant for Contract Life Cycle Management here.
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Conga continually sets the standard for Digital Document Transformation (DDX). The Conga DDX Suite helps 11,000+ organizations in 85 countries including AWS, GE, Hilton Worldwide and Salesforce transform day-to-day business by creating, managing and unleashing the power of the everyday documents. The company is privately-held and based in Broomfield, Colo. with global operations across North America, EMEA and Australia. Learn more at www.conga.com or follow Conga on Twitter: @getconga.