Precisely

Cloud-based contract automation and management software

About Precisely

Precisely is contract management software designed to help law firms and businesses in construction, finance, technology, recruitment and other industries create, review, validate, archive, and monitor contracts on a unified platform. Legal professionals can store documents in a cloud-based repository and use the online contract creator to build automated templates in compliance with regulatory standards.

The software allows enterprises to receive email alerts about upcoming events or milestones, and negotiate, terminate, or renew contracts within the required timeline. Administrators can configure access permissions for end-users, enabling them to change contract wordings or terms and track document status, pending approvals, and expiration dates on a dashboard. Precisely’s search functionality and filtering capabilities help law firms retrieve relevant contracts from the repository in real-time.

Using Precisely's eSigning functionality, organizations can track the entire transaction history via timestamps and send, verify, and return contracts in compliance with various regulations such as Uniform Electronic Transactions Act (UETA), Electronic Identification, Authentication and Trust Services (eIDAS), and more. It also offers an API, which helps businesses integrate the platform with several third-party systems.

Devices

Business size

S M L

Images

Precisely contract templates
Precisely add questions
Precisely templates
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Precisely screenshot: Precisely contract templates Precisely screenshot: Precisely add questions Precisely screenshot: Precisely templates

Features

Total features of Precisely: 55

  • API
  • Access Controls/Permissions
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Archiving & Retention
  • Audit Trail
  • Authentication
  • Batch Processing
  • Buy Side (Suppliers)
  • Collaboration Tools
  • Commenting / Notes
  • Completion Tracking
  • Compliance Management
  • Compliance Tracking
  • Contract Drafting
  • Contract Lifecycle Management
  • Customizable Branding
  • Customizable Templates
  • Data Extraction
  • Digital Signature
  • Document Classification
  • Document Generation
  • Document Management
  • Document Storage
  • Document Templates
  • Drag & Drop
  • Electronic Signature
  • Email Invitations & Reminders
  • Event Tracking
  • Full Text Search
  • Government Contracts
  • Interaction Tracking
  • Milestone Tracking
  • Mobile Signature Capture
  • Monitoring
  • Multiple Output Formats
  • Optical Character Recognition
  • Pre-built Templates
  • Process/Workflow Automation
  • Reminders
  • Reporting & Statistics
  • Reporting/Analytics
  • Search/Filter
  • Sell Side (Customers)
  • Specialty Contracts
  • Status Tracking
  • Team Collaboration
  • Template Management
  • Templates
  • Third Party Integrations
  • Transaction History
  • Version Control
  • Workflow Management

Alternatives

Concord

4,5
#1 Alternative to Precisely
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Legito

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#2 Alternative to Precisely
Automate drafting and managing your documents. Join 140K+ users in over 50 countries from top tier law firms and F500...

Contractbook

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#3 Alternative to Precisely
Contractbook enables small and medium-sized businesses to manage the entire lifecycle of their contracts in a single,...

Odoo

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Odoo is a fully-integrated, customizable, and open-source suite of business applications. A majority of the business...

Reviews

Overall rating

4,7 /5
(11)
Value for Money
4,9/5
Features
4,6/5
Ease of Use
4,7/5
Customer Support
4,8/5

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Showing 5 reviews of 11
Anthony B.
Overall rating
  • Industry: Media Production
  • Company size: 2-10 Employees
  • Used Monthly for 1-5 months
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Never Knew We Needed

Reviewed on 2020/07/19

We lost an important contract which started the search for a solution. This fits the requirement...

We lost an important contract which started the search for a solution. This fits the requirement perfectly. Ensures starts are maintained and risk averted.

Pros

So logical to use and provided comfort that all out contracts are under control.

Cons

OI only found it by chance. They need to make it aware for more uswers.

Fiona G.
Overall rating
  • Industry: Information Technology & Services
  • Company size: 201-500 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great full life circle contract management tool with a great team in the background!

Reviewed on 2020/11/24

Precisely does not only perfectly meet the needs of our legal department, but also offers other...

Precisely does not only perfectly meet the needs of our legal department, but also offers other departments great added value (Business Development, Account Management, HR, Sales, Sales Operations/Revenue). The team is super helpful and always had an extremely short turnaround time whenever we submitted a request. There are also very interesting features in the pipeline that will simplify our processes (e.g. creation of standardized workflows also for external contracts).

Pros

* sophisticated access rights and user role structure, that allows to customize Precisely to the needs of our business
* advanced calculation features, that facilitates the contract creation for our commercial team and allows to generate valuable insights into our metadata
* integration with other SaaS tools our company is using
* contract metadata can be easily updated during the drafting/negotiation period without the need for the business user to modify the contract
* creation of complex approval workflows for different teams and contract templates

Cons

* UI could be designed more clearly and intuitively
* headers and footers of contract templates are not yet customizable (as far as I know that will be fixed soon)

Swati M.
Overall rating
  • Industry: Information Technology & Services
  • Company size: 11-50 Employees
  • Used Daily for Free Trial
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Intuitive and easy to use

Reviewed on 2020/07/18

Pros

Even during the free trial, I was able to be up and running in no time given the easy and intuitive interface! Given the sensitivity associated with managing contracts, I appreciate that Precisely offers 2 factor authentication and good version control. I also really like my dashboard with all the reminders and tasks centralized in one location. They support Zapier which is an application we already use so that was a plus.

Cons

If you need access to unlimited templates, you have to upgrade to professional but this is not a big deal for us.

Andrea S.
Overall rating
  • Industry: Restaurants
  • Company size: 51-200 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Very satisfied user of Precisely - it makes my job a lot easier and saves me a lot of time!

Reviewed on 2020/11/19

I am very satisfied with Precisely! It makes my job a lot easier and saves me a lot of time. It...

I am very satisfied with Precisely! It makes my job a lot easier and saves me a lot of time. It takes structure and simpleness to another level. I will truly recommend this to anyone handling contracts or or other important documents on a monthly basis. It is a price worthy software and with a few more developed features I wish Precisely had (which I am sure they will develop shortly) the software would be just perfect in every sense for our business and probably everyone else's!

Pros

Features such as e-signing and archiving of contracts, sends out notifications/reminders when contracts expires and needs to be negotiated, contract templates for the rest of the organisation to use (the contracts can be created by just answering a few questions and makes it easy for everyone in the organisation to use even though they lack legal knowledge). These features makes my job much easier, faster and digital. It saves me al lot of time.

The daily features that I use is very easy to learn and use as well. If I have any problems at all, Precisely have very clear instructions on their website that will guide you through any use of features.

Cons

It takes a bit time to create templates on my own. It was included in the price that Precisely creates some templates and I get some help to set up my own templates. Though, it is no problem for a customer who wants to save time, to have a package deal with Precisely so that this is included and Precisely will do the templates for you att all time.

In order to save a little more time it would be nice if there existed a feature that will automatically, with the help of AI, add metadata and notifications/reminders from the contract.

I can sign all the commercial contracts electronically with international parties and if necessary each contract with one certain national electronically ID. Though, I wish I could sign the same contract with different types of national electronically ID:s - it is rarely necassary for me to use this feature, maybe one a year for a few documents, but it would be nice to have.

Damien B.
Overall rating
  • Industry: Apparel & Fashion
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Contract automation at its best

Reviewed on 2020/11/13

An easy to use contract management platform that will help your business increase your teams’...

An easy to use contract management platform that will help your business increase your teams’ productivity in closing deals and reduce and mitigate risks by always having full control and access to all your contracts

Pros

Precisely helped us improve the efficiency of our legal team by allowing the department to spend more time focusing on high-value work. We are now certain that all our agreements are up to date. All our teams can quickly generate and send out contracts with minimum input from Legal. Customer service is awesome and new features are implemented on regular basis.

Cons

Being able to better customize and get more flexible edit/design options in the template generator would be great - heard that the team is currently working on it though.

Showing 5 reviews of 11 Read all reviews

Precisely FAQs

Below are some frequently asked questions for Precisely.

Precisely offers the following pricing plans:

  • Starting from: US$49,00/month
  • Pricing model: Subscription
  • Free Trial: Available

Precisely is offered across three pricing plans, outlined below. A 14-day free trial is available. • Starter: $49 per user per month and $44 per user per month billed annually • Professional: $69 per user per month and $62 per user per month billed annually • Enterprise: $99 per user per month and $89 per user per month billed annually

We do not have any information about Precisely features

Precisely has the following typical customers:

2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

We do not have any information about what languages Precisely supports

Precisely supports the following devices:

Precisely integrates with the following applications:

Gmail, Google Drive, Google Sheets, Microsoft Excel, Pipedrive, Typeform, Zapier

Precisely offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

Related categories

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