Revenue Lifecycle Management solutions leader recognized for
strong management team, broad product functionality, and overall
strategy
BROOMFIELD, Colo., June 4, 2024
/PRNewswire-PRWeb/ -- Conga, the pioneer and market leader in
Revenue Lifecycle Management, today announced MGI Research has
recognized Conga as a Top Three supplier of CLM software in MGI's
Contract Lifecycle Management (CLM) Market Ratings Report. Conga's
rating of 60 was 10 points above the peer average and is only one
of three suppliers with a Positive analyst outlook.
It's an honor to be recognized in MGI
Research's report. This achievement further validates the
performance of Conga CLM for companies seeking to speed time to
revenue while ensuring legal teams can effectively manage risk and
improve compliance.
MGI Research's 360 Ratings are known to be the most in-depth
assessment of software products and suppliers. MGI 360 Ratings help
legal, IT, procurement, and finance executives identify the most
appropriate business applications for their use cases and
distinguish the leader suppliers from the laggards. Thirty-five CLM
vendors were evaluated against criteria such as market visibility
and growth, innovation, potential to disrupt the market, ability to
deliver value, and demonstrated success via customer and partner
references.
According to the report, "Conga has one of the highest scoring
management teams and is only one of two CLM vendors able to meet
the needs of hyperscale use cases, i.e., the needs of very large
enterprises with demanding legal, procurement, and organizational
sophistication. The Product score reflects broad functionality and
a newly built core platform. Conga has a large partner community
and sizable sales team. The company also demonstrated a strong
ability to manage and deliver positive results through multiple
challenges and across a multi-product business. The company is
growing, profitable, and has proven a capacity to win and deliver
CLM projects for some of the most recognizable brands in the
world."
"Contract life cycle management is becoming a core system of
record – organizations of all sizes need to get control of the data
contained with their contracts which are the lifeblood of the
business," said Andrew Dailey,
Managing Director at MGI Research. "The MGI Ratings report
evaluated Conga on nearly 150 different criteria across five major
rating categories against a very strong and competitive peer group
of CLM suppliers. Conga remains one of the top providers of CLM
solutions for complex, multinational enterprises looking to
effectively address their contract management challenges."
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.
"As businesses increasingly look for advantages to increase
competitiveness and long-term organizational growth, Conga CLM
helps companies standardize and simplify workflows to create
efficiencies and close deals faster through end-to-end
optimization, enabling teams to effectively manage revenue and
build stronger relationships," said Noel
Goggin, CEO and Culture Leader at Conga. "It's an honor to
be recognized in MGI Research's report. This achievement further
validates the performance of Conga CLM for companies seeking to
speed time to revenue while ensuring legal teams can effectively
manage risk and improve compliance."
To learn more about Conga CLM, visit:
https://conga.com/products/contract-management/conga-contract-lifecycle-management
Download a copy of the full MGI 360 CLM Rating report
https://conga.com/resources/clm-top-35-buyers-guide-mgi-research-guide.
About Conga
Conga, the Revenue Company, is the pioneer and market leader in
Revenue Lifecycle Management. Its platform is chosen by the world's
growth champions to accelerate the end-to-end revenue lifecycle and
achieve a Revenue Advantage. Conga brings Configure, Price, Quote,
Contract Lifecycle Management, and Document Automation capabilities
together on a single open platform that works with any ERP, any
CRM, and any Cloud. Conga is born for the top line—powered by a
unified revenue data model, complete revenue intelligence, and
purpose-built AI—to help companies grow, protect, and expand their
revenue.
Conga delivers a Revenue Advantage to over 10,000 customers and
6.4 million users around the world. More than 7 million contracts
and 46 million quotes are generated annually with Conga. Founded in
2006, the company is headquartered in Broomfield, CO and has offices across
the United States, India, and Ireland. Visit conga.com for more
information.
Media Contact
Addie Reed, Conga, 1
312-766-5515, addie.reed@finnpartners.com, www.conga.com
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SOURCE Conga