Agiloft

Agiloft is a company specializing in contract lifecycle management (CLM) software. Their platform helps organizations automate and manage contracts, workflows, and related business processes. Agiloft offers AI-powered features within its CLM solution, such as AI-based contract review, risk assessment, and clause extraction. These AI capabilities are designed to streamline contract management, improve compliance, and reduce risk by automatically identifying key terms and potential issues in contracts. The target audience for Agiloft’s AI product includes legal, procurement, sales, and operations teams in medium to large enterprises that need to manage complex contract portfolios efficiently.

Agiloft offers a Contract Lifecycle Management (CLM) Platform with the following features and functions: - No-code customization for workflows, allowing non-technical users to optimize contract processes. - Drag-and-drop integrations with over 1,000 systems for seamless connectivity and centralized contract data. - Real-time dashboards and reporting tools for data-driven insights, risk identification, and performance improvement. - Advanced search and extraction capabilities for quick access to key contract information, clauses, and obligations. - Complete contract management covering all stages: creation, negotiation, execution, and renewal/expiration. - AI-powered automation and contract review to streamline processes and enhance compliance. - User-friendly editing and publishing via Agiloft viewer, MS Word, or Google Docs. - High customer satisfaction and world-class support. - Designed for various industries and roles, including legal, procurement, healthcare, and more.

Agiloft primarily supports the practice area of Corporate/Transactional law, specifically focusing on Contract Lifecycle Management (CLM) for legal departments. It is designed to streamline contract creation, negotiation, organization, and management, making it relevant for in-house legal teams and legal operations, especially in corporate, procurement, compliance, and risk management contexts. Key features and functions of Agiloft include: - Centralized, searchable contract repository for increased visibility - Automated workflows for contract creation, approval, and management - Standardized templates and clauses to ensure compliance and reduce risk - Real-time data analytics for risk assessment and process improvement - Automated tracking of contract obligations, renewals, and expirations - No-code interface for customizable workflows - Integration with other business systems - AI-powered contract review and risk identification - Enhanced security and access controls - Global access to contract data for all employees Agiloft is used across industries but is especially tailored for legal professionals managing corporate contracts and compliance.

Agiloft is covered under the following security and compliance standards: - SOC 2 Type II - ISO 27001:2013 - GDPR compliant - HIPAA compliant There is no clear evidence from the available sources that Agiloft specifically claims CCPA compliance, but it does meet the other listed standards.

Agiloft explicitly states the following about data handling: - Data retention: Agiloft maintains data retention policies to comply with applicable laws and reviews them regularly. Data is retained only for the duration of the customer agreement, and customers control the type of data stored and processed in their environment. - Client data not used for training: Agiloft’s Data Processing Addendum specifies that personal data is processed only as necessary to perform services and is never shared with third parties. There is no indication that client data is used for training AI models. - On-prem deployment and private cloud: Agiloft offers deployment options, including hosted services on AWS (with full regulatory compliance) and precise access control. While on-premises and private cloud options are not explicitly mentioned on the main security page, Agiloft’s platform is designed for flexible deployment to meet customer requirements. - Customer-managed encryption keys: The documentation states that data is encrypted in transit (TLS) and at rest (at least 256-bit encryption), but it does not explicitly mention customer-managed encryption keys. - Additional security: Agiloft is SOC 1, SOC 2, ISO 27001, and ISO 27701 certified, uses third-party penetration testing, and enforces strict access controls and audit logging. In summary, Agiloft emphasizes strong data protection, limited retention, and customer control over data, but does not explicitly state support for customer-managed encryption keys or on-prem deployment in the reviewed public documentation.