Does ContractWorks work for legal?
ContractWorks is a common contract management solution for businesses and is renowned for its standard of security and custom reporting. But without the features that in-house legal teams need to edit, negotiate and approve contracts, can it add value before contracts are signed and stored?
This page explores the various features, limitations and pricing of ContractWorks in comparison to Juro’s all-in-one contract automation platform.
ContractWorks is an effective contract management platform for small businesses that are looking to improve their reporting processes, as it offers a secure contract repository, AI-powered search and review functions and custom tags to track important contract data.
However, although ContractWorks offers impressive features for post-signature contract management, it lacks a lot of essential features needed by in-house legal teams.
For example, users don’t have access to an in-platform editor, which means you have to create and edit contracts offline using multiple different tools, rather than remaining in one unified workspace.
There’s also no contract negotiation functionality in-platform, and it’s not possible to set up extensive contract workflows in ContractWorks.
This means that the contract creation, negotiation, review and approval process can become disjointed, as users will have to rely on multiple tools to get contracts to the signing stage.
This is distinct from other all-in-one contract automation solutions like Juro which prevent the need to waste time in Word, email and other applications.
Some of the key limitations of ContractWorks include:
- Very limited contract workflows: unlike the extensive contract workflow functionality offered by Juro, ContractWorks’ contract workflows place a limit on the number of approvers allowed, and approvers can be challenging to configure
- Negotiation happens externally: as contracts need to be downloaded and negotiated outside of their native system., unlike in Juro where users can negotiate contracts without needing to leave the workspace
- Lack of editing functionality: edits and changes to contract templates also need to be completed externally due to ContractWorks’ lack of an in-platform editor
- Difficulties uploading legacy contracts to manage: users express frustration about experiencing difficulties uploading legacy contracts to manage, as it is made difficult by complex UI
Visionary legal counsels and the business teams they enable would benefit from a contract tool that adds value at every stage of the contract lifecycle, as this eliminates the friction created by jumping between different tools and platforms to get contracts over the line.
They need a contract automation software that can streamline the entire contract process from start to finish, with advanced functionality that empowers legal teams to maintain control over high value contracts and minimize risk at every stage. This means using an all-in-one contract solution.
Let’s explore the various benefits of using Juro for your contracts, and how it can enable you to work from one unified workspace to create, negotiate, review, approve and sign contracts electronically.
🌐 Collaborate in real-time
Juro’s contract automation software hosts a dynamic digital workspace where internal comments and external negotiations can happen without the need to leave the platform.
Designed with legal teams in mind, Juro’s advanced negotiation features empower teams to leave comments and recommendations, set up approval workflows and control which edits are visible to external parties.
✍️ Rich-text editor
Unlike ContractWorks where users need to leave the platform and use other tools to draft contracts and edit them, Juro’s rich text editor allows users to add an unlimited number of custom fields to contracts, add rich media and set up conditional logic for a clean and user-friendly editing experience.
Juro’s advanced editing functionality helps legal teams to create beautifully designed contracts within seconds.
🚀 A solution that scales with you
Designed to scale with your business, Juro has no limit on the number of templates users can create and users have access to unlimited signatures.
If you’re creating and signing an increasing number of contracts, it’s probably a really exciting time for your business, and we don’t want to hold you back!
Juro is distinct from ContractWorks in this way, as even with enterprise plans there’s a limit on the number of eSignature licenses available to a team.
📈 Capture actionable contract data
Juro is ideal for fast-growth businesses approaching key milestones, as Juro’s contracts are created as structured data, making them searchable and machine-readable as soon as they’re created.
Not only does this eliminate the need for tedious tasks like manual data entry, but it also empowers legal teams and those they enable to track terms and obligations, set up renewal updates and track specific contract metrics.
⚙️ Replace several tools with one
Disjointed contract processes can cause a wide range of issues for your team, from losing version control to losing track of critical contract data.
Juro’s easy-to-use tool creates a single source of truth for your contracts, with a centralized repository that allows you to query contract data in the same place you create, negotiate, review and sign contracts.
Juro also integrates with more than 4,000 other apps, making it easy to integrate your contracts with the systems you love.
ContractWorks offers three different plans for users: Standard, Professional and Enterprise💰.
The Standard plan costs $600 per month and is billed annually. This cost includes 2,500 documents and 5 electronic signature licenses, but it doesn’t include single sign-on and Salesforce integration.
Their Professional plan costs $800 per month and is billed annually, but users on this plan will still have a limit on the number of documents and electronic signature licenses they can access within the platform.
Their most expensive plan, Enterprise, is charged at $1000 per month and is billed annually. This package does include access to unlimited documents for unlimited users, but the electronic signature licenses remain restricted to 20.
Although ContractWorks’ pricing plan places it among the more affordable contract management solutions on the market, it is still a steep price for a solution that requires most stages of the contract lifecycle to be completed away from the platform.
For legal teams seeking a more comprehensive solution designed to streamline the entire contract workflow, Juro will be better placed. Juro’s flexible pricing means you can avoid limits that hold your team back from your targets. Head over to our pricing page to select a plan that’s right for you.
Read independent ContractWorks reviews
ContractWorks is well-reviewed on public platforms, but users still highlight that the software is missing the key functionality required to create, edit, review, negotiate and approve contracts in one platform.
Also, a large majority of these reviews have been left by administrators, rather than lawyers - indicating a lack of specialist features for legal teams.
The below are verified reviews about ContractWorks, taken directly from both review sites:
“It operates only as a storage of signed contracts and documents. It doesn't have the capability of more sophisticated contract management platforms”
“If you are looking for a digital contract platform with a built-in workflow engine this software is just not the right tool to buy”
“The AI can be be kind of hit or miss sometimes"
Read independent Juro reviews
On G2, Juro is rated 4.8 out of 5. On Capterra, Juro is rated 4.8, with no reviews rating the solution below 4 stars.
Our users say:
"Easy to learn, intuitive user interface, anyone can use it without training. The Q&A function is amazing and let me as a legal person focus on contracts which actually require my expertise in drafting and negotiating. The future is here!"
"We've created a workflow that is scalable, quicker, automated and allows other teams to self-serve their contracts. For a small legal team this is essential and has saved us so much time"
"Juro has helped with the speed of contracting, saving the legal team time to allow them to focus on higher-risk deals"
Want to find out more about how Juro has transformed the contract workflow for legal teams and those they enable? Check out some of our case studies.