Conga named a Leader in the Gartner Magic Quadrant for Contract Lifecycle Management, 2021
Conga is proud to be recognized as a Leader in the Gartner Magic Quadrant for Contract Lifecycle Management, 2021 report.
Gartner Magic Quadrants evaluate vendors within a given market based on their completeness of vision and their ability to execute. In this second year of CLM Magic Quadrant reporting, Conga is one of just four companies positioned as a Leader out of the 15 vendors analyzed in the CLM space.
We believe our ability to transform even the most complex business operations with fast, efficient, scalable solutions contributed to Gartner’s evaluation. In addition, our focus on creating a better buying experience for customers and a better selling experience for employees also strengthened Conga’s position.
Conga’s suite of Revenue Lifecycle Management solutions—which includes Conga CLM and Conga CPQ—connects and standardizes processes across all teams and departments, giving organizations one unified, fully integrated approach to maximize contract value, performance, and outcomes.
This recognition from Gartner comes on the heels of the announcement that Conga was named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Buy-Side Contract Lifecycle Management Applications 2021 Vendor Assessment.
These recognitions demonstrate Conga’s ability to help companies drive predictable revenue growth with a single data model that aligns revenue lifecycle processes, teams, and technology at scale.
Why is CLM important?
Contracts govern more than 80% of transactions in the average organization. That’s why it’s so critical to get contract management right. CLM solutions allow companies of any size to automate and simplify complicated enterprise-wide contract lifecycles—ultimately leading to faster sales cycles and better business outcomes.
Conga was also recognized as a Magic Quadrant Leader due to our unique end-to-end product portfolio designed to scale along with companies’ ever-changing business requirements. Conga brings together CPQ, eCommerce, eSignature, and more—allowing us to solve for ways to provide our customers the most lifetime value, streamline their processes, and drive efficiency at scale.
For customers looking for a contract repository, who may not need a full CLM, Conga Composer provides a centralized interface for document creation and sharing that immediately improves visibility, productivity, and operational efficiency.
What comes next
As demand for a comprehensive CLM solution increases, the global market for CLM software is on the rise—from $1.25B in 2020 to a projected $2.7B in 2026. The Gartner Magic Quadrant can help companies researching CLM solutions to identify vendors in the space by highlighting the strengths and capabilities that may set them apart.
We’re incredibly proud to be named a Leader in the Gartner 2021 Magic Quadrant for CLM. As our product roadmap continues to evolve, we’re committed to enhancing our CLM solution to provide outstanding service and lifetime value for our customers.
Gartner’s recognition only amplifies our motivation to double down on our strengths—working to continuously improve our products and customer experience while solving our clients’ most critical contract management needs.
Download the full Gartner Magic Quadrant for Contract Lifecycle Management, 2021.
Gartner, Magic Quadrant for Contract Life Cycle Management, Kaitlynn Sommers, Marko Sillanpaa, Jim Murphy, Patrick Connaughton, May 10, 2021
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