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Implementierung CLM-Systeme

The 5 most efficient alternatives to Juro for startup CROs

  • You've probably heard of Juro if you've ever had to deal with complex contract processes and were not satisfied with the current contract management solution, such as Word or Salesforce. In growing companies, the requirements of legal and sales departments are also growing.

Juro, one of the best-known CLM providers in the industry, is certainly an option for managing contract chaos in a company. However, this is just one of many solutions that may or may not meet your current needs.

There are other alternatives you can consider, and we've put together a list of good ones.

Before we get into that, let's look at some of Juro's shortcomings.

Disadvantages of Juro

Juro wants routine contracts to be completed more quickly. At the same time, however, it lacks several important functions.

Where law falls short:

  • A value-based approach to signing contracts. Juro is indeed trying to solve the complex task of managing (and automating) the contract process. However, the real focus should be on building good relationships, offering unique contract signing experience, and adding value when negotiating.
  • The library with clauses and legal content is not aimed at providing this type of document, so they do not offer this learning material. They only offer automation.
  • The product is meant to be used immediately (with a demo), but there is no obvious retrospective analysis that would help you become profitable and to reduce the risk of your contract management with personal advice. Certainly not the most customer-oriented Provider that exists.

Why did we include the following solutions?

We had the opportunity to talk to a few potential Juro customers and inquire about their contract management software requirements. Their answer was that they wanted to simplify their sales team's contract process so they could focus on drafting and completing a successful offer.

Here are some of the criteria we used to determine the best Juro alternatives:

  • We found various optimal use cases for each of the 5 alternatives and did not rate them as “bad” or “good.” Rather, they are more suitable for some things than others.
  • In our opinion, Juro is a great option. At this point, you could try to schedule a product demo of the software that you think is more appropriate.

#1 top.legal

The main difference to Juro is that top.legal aims to make the contract “human” again, it is more direct and is fundamentally different from the black and white process of signing the contract. What What top.legal and Juro have in common is the ability to enable sales to be independent to draw up contracts without coming into conflict with the legal department.

Notable features:

  • Explanations of the clauses: internal and external. Audio and video explanations that are right where you need them to share the commentary and notes with others.
  • Dynamic references to other sections of the contract allow you to make a section of the contract dependent on user input.
  • Automate a contract from a authorized submission and team collaboration on the same template.

Another advantage is that top.legal gives you a personalized onboarding experience offers that is unique compared to other solutions in the industry and helps you establish long-term business relationships in no time at all.

  • 24-hour helpdesk and continuous support, which helps you automate your documents even months after onboarding with top.legal

Suitable for:

  • For companies with more than 10 users in the sales department
  • Medium-sized to large software and IT companies
  • Companies based in Germany and the EU

Why we recommend it

While this may seem a bit biased, the following facts will convince you that our contract management software is one of the best alternatives to Juro:

  • With our automated, cloud-based platform, you can manage the entire life cycle of your contracts in a single process and store all of your contracts in a secure and organized location. Our goal is to make your contract management process as simple as possible while meeting your organization's needs.
  • You can collaborate efficiently by inviting others to your document. Leave comments and assign tasks to colleagues or signers. We believe that better communication leads to a more efficient process.

#2 PandaDoc

PandaDoc is focused on providing a great customer experience by automating document workflows and was recently named by Globe Newswire as Top Leader in 6 G2 Spring 2022 Reports excellent

Notable features:

  • Capture important information with custom fields from your customers in accordance with your contracts: Fields allow you to record important information, such as the customer's name, directly in the document.
  • Duplicate function: When you work with contracts in Pandadoc, you often have to create new contracts that transfer the same information from an existing contract to a new one.

Suitable for:

  • B2C & marketing teams of all sizes
  • teams of 1-100+ people

restrictions

Sales teams often use CPQ software to create, send, and track offers. However, when it comes to contracts and other documents that require more thorough processing and review than a CPQ system provides, a document automation tool such as PandaDoc cannot be used. You can find out more about some of the PandaDoc's limitations when working with legal issues and contracts read.

#3 Conga

Conga offers a wide range of contract life cycle management solutions. It is very well known for its contract automation software, which is primarily used for Salesforce CPQ integration.

Notable features:

  • Artificial intelligence for contract organization. Uses a natural language system to identify the key structures of any contract.
  • Conga Composer. Automatically converts every company's contract data into a clean, brand-appropriate document.
  • Features for approving contracts: With integrated workflows, you can easily create, manage, and automate contract clauses.


Suitable for:

  • Large companies and companies from all sectors of the economy

restrictions

Although Conga appears to be a good solution for some mid-sized SaaS companies, it could be quite expensive and time-consuming for non-techies. Also, contract automation software isn't the most user-friendly in terms of user experience and interface design.

#4 Contractbook

Certainly, Contractbook's presentation is great. They give customers the feeling that their product is intelligent and innovative for the future. In addition, their product not only allows contract automation, but also task management.

Contractbook's value proposition is something like this: “Contract automation makes everything easier and better. Contract automation with Contractbook is the smart way.” The cloud-based software removes your technological barriers and allows you to automate your contract lifecycles, giving you complete control of your business.

Notable features:

  • Workflow triggers and actions: Set specific actions when a contract is signed, such as to send a message on Slack.
  • Native eSignature valid in the USA, the EU, Great Britain and Australia.


Best suited for:

  • Almost any type of company

restrictions

Contractbook appears to lack many of the elements that bring the greatest benefit to legal teams in large companies, meaning that legal users will forego the tailored environment and advanced features of alternative contract management tools.

#5 Linksquares

According to Bussines Wire, this giant is 90th fastest-growing companies in North America. The main feature of Link Squares is probably its AI tool for extracting data from your old contracts.

Notable features:

  • AI-powered analysis: Discover important information in seconds and get actionable insights about contracts with full-text search and dashboards.

  • Finalize: This feature allows you to easily design, assemble, and execute complex agreements using pre-approved templates.

Best suited for:

  • companies of all sizes

Not best for:

  • Internal legal or non-technical staff

restrictions

According to Juro, there are 2 main problems with Link Squares:

  1. Link Squares could be quite limited for legal teams, and “Some Link Squares users have the 'smart values'function that is used to extract data from contracts than unreliable felt, which means that some legal and business teams have no confidence in the reports produced.” - Juro on one of their alternative pages.
  2. “Many of the software's most valuable features are only available after signing“- Law

Conclusion

Every contract management solution is unique, and some may be a better fit for your business than others. We are delighted that you are interested in these types of solutions. And as we mentioned in the introduction, the goal of these solutions is to minimize risk and revenue losses through better processes, rather than relying on outdated, unconventional solutions such as MS Word to leave.

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