Every business, whether large or small, relies on contracts. However, managing them can often be time-consuming and prone to errors. That’s where contract management software like LinkSquares comes in. Naturally, one of the first questions on your mind might be: How much will this cost?
In this blog, we’ll break down LinkSquares’ pricing, highlight its key features, and share user reviews to help you make an informed decision. We’ll also explore whether HyperStart CLM could be a more efficient alternative for your contract management needs.
What is LinkSquares?
LinkSquares primarily manages the entire contract lifecycle, from drafting to final signature.
Designed for corporate legal teams, it streamlines contract processes by enhancing visibility and automating workflows, making it a popular choice for large organizations.
However, like any software, LinkSquares has its strengths and limitations. If you’re considering whether LinkSquares is the right CLM solution for your organization, you might be asking:
What features does LinkSquares offer?
What systems can LinkSquares integrate with?
What is the cost of using LinkSquares?
How useful is their customer support?
What is the implementation timeline?
Who else uses LinkSquares?
This blog will address these questions to help you assess whether LinkSquares meets your needs and objectives. We’ll also review feedback from current users to offer insights into their real-world experiences with the platform.
Additionally, we’ll explore HyperStart as a potential alternative to see if it might better suit your contract management requirements.
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Overview of LinkSquares’ pricing
LinkSquares operates on a subscription-based pricing model, starting at around $10,000 per year, according to its Capterra profile. However, the exact cost can vary significantly depending on several factors:
Number of users: More users accessing the platform will incur higher costs.
Plan type: Different plans offer varying levels of features and functionalities.
Contract terms: Discounts may be available for multi-year commitments.
For a more accurate assessment of LinkSquares’ pricing, contact them directly and request a personalized quote based on your specific needs. If you’re looking for a more cost-effective option, HyperStart CLM offers transparent pricing and powerful features tailored to businesses of all sizes.
Reviews of LinkSquares
Before making the final decision, it’s important to consider, “Is LinkSquares delivering the best return on investment?” Let’s explore what users have to say based on reviews from G2 and Capterra.
“Although minor, their cost was higher than most of LinkSquares’ competitors. After going through the implementation and onboarding internally, the price has been justified.”
“A downside is that each user license comes at an additional cost, but the basic license is pretty affordable and is usually sufficient for most non-legal users. We’ve only found it necessary to purchase a handful of the more expensive admin licenses for our legal team members that are primarily responsible for management of the CLM tool.”
“Cost of adding bespoke Smart Tags/Fields, cost of adding additional administrators vs standard users, and a slightly pushy sales team when it comes to upselling.”
Pros and cons of LinkSquares
Positives
LinkSquares is a promising contract management tool, but how does it stack up in the eyes of its users? Here’s a rundown of what people say—good and the not-so-good.
Automation that works: Users are impressed with how LinkSquares automates everyday tasks like storing and retrieving contracts. It’s a huge time-saver and helps keep things organized, especially when dealing with many documents.
Customizable workflows: The ability to set up workflows that fit your needs is a big plus. It helps ensure that every contract passes through the right channels and meets company policies without a hitch.
Great integrations: LinkSquares plays well with tools you might already use, like Salesforce and DocuSign. This makes it easier to keep everything in sync and avoid data mishaps.
“LinkSquares CLM is highly customizable (i.e., not one size fits all) and provides hands-on support to ensure it is implemented correctly and set up for success. It is also much more intuitive than other CLMs we considered.”
Negatives
Pricing confusion: A common concern is that the pricing isn’t very clear. Users often face unexpected costs for extra features or services not spelled out upfront.
Pricey for smaller businesses: LinkSquares can seem a bit too expensive for smaller companies. The features might be more than needed, making it harder to justify the cost.
Feature overload: Some users find the sheer number of features overwhelming. If you’re not using all the advanced options, it can feel like you’re paying for more than you need.
Customer support hiccups: There have been a few complaints about customer support. Users sometimes find it hard to get timely help or resolve issues quickly, which can be frustrating when you’re in a pinch.
Performance issues: Depending on the complexity of the contracts being managed, a few users have reported performance issues, such as slow load times or glitches.
“The AI still appears to be very rudimentary. I have to make the same corrections to scanned documents over and over. I suspect this will be remedied in time, though, and it is such a minor inconvenience that I don’t mind.”
If you’re looking for a more affordable and straightforward solution with transparent pricing, HyperStart CLM could be an excellent alternative for businesses of all sizes. Next, let’s compare LinkSquare’s pricing with some of its top competitors.
Are there better LinkSquares alternatives?
Here’s a detailed comparison of LinkSquares alternatives in terms of their free trial and pricing:
| Alternative | Best for | Free Trial | Pricing |
|---|---|---|---|
| HyperStart | Startups and growing businesses | ✓ | Custom |
| LinkSquares | Legal teams and enterprises | ✗ | Custom |
| Agiloft | Enterprises and legal teams | ✓ | Custom |
| Juro | Remote teams and tech companies | ✗ | Custom |
| Evisort | Enterprises and large organizations | ✓ | Subscription-based |
What is HyperStart CLM?
See HyperStart in action 👇
HyperStart CLM is used to streamline the entire contract lifecycle, from creation to completion, by automating processes and reducing administrative overhead through AI-powered tools. It stands out as an efficient choice for effective contract management, offering several advantages over traditional CLM solutions:
Rapid implementation: HyperStart CLM can be deployed in as little as 3 days, reducing disruption to your business operations.
AI-driven insights: The platform automatically extracts over 30 key metadata terms from contracts, aiding in clause management and reducing the need for manual data entry.
Speedy redlining: The platform’s AI can generate a first draft in under a minute, offering AI-powered contract redlining.
Self-service contract creation: HyperStart CLM reduces errors and legal dependencies by enabling contract generation from pre-approved templates.
Automated workflows: No-code workflows enable seamless automation for high-volume contracts, such as NDAs and offer letters, ensuring efficient contract approval workflows.
Centralized repository: The platform consolidates all contracts in a single repository, with bulk import options from email, cloud storage, or CRM.
Having thoroughly explored both HyperStart CLM and LinkSquares, let’s examine these two platforms in a comparative analysis in the section ahead.
What HyperStart CLM’s users say
We took demos of around 5 CLM vendors and chose to use HyperStart. They were the only CLM vendor who had SOC2 compliance and met the criteria of around 22 parameters which we had evaluated them on.
Om Prakash Pandey
Head of Legal at LeadSquared
Implementation was very smooth. Using the bulk upload feature, all contracts were integrated into the system within minutes. I could also see the AI-extracted metadata on the tool immediately, which was impressive.
Mayuri Jaltare
Company Secretary, Qapita
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HyperStart CLM vs LinkSquares
Here’s a comparison between HyperStart and LinkSquares based on cost efficiency, implementation, advanced features, and workflow automation:
| Feature | HyperStart CLM | LinkSquares |
|---|---|---|
| Pricing | $ | $$$ |
| Implementation | 1 week | 4+ weeks |
| Free trial | 30 days | ✗ |
| Self signup | ✓ | ✗ |
| Product structure | A unified end-to-end CLM in one place | Finalize, Sign, Analyze: 3 different product modules |
| AI-based metadata extraction | ✓ | Rudimentary with bespoke smart tags at extra cost |
| Analytics & dashboards | Interactive & customized | Pre-determined & manual |
| AI redlining and review | 99% accuracy | ✓ |
| Auto-reminders for renewal tracking | ✓ | ✓ |
| Contract creation | Automated templates & workflows | Template-based with limited manual routing |
| Microsoft Word editor | ✓ | ✓ |
| No code workflow | ✓ | Manual |
| Internal commenting | ✓ | ✗ |
| Salesforce integration | ✓ | Needs technical expertise |
| Counterparty collaboration | On platform | On email |
| Repository file structure | Hierarchical contract families with AI filters | Flat |
