Managing contracts is challenging, especially for companies with hundreds or thousands of agreements. Mismanagement can lead to missed deadlines, revenue losses, and legal issues.
Icertis’s AI-driven contract intelligence platform streamlines every stage of the contract process, transforming contracts into strategic assets for Fortune 500 companies and fast-growing enterprises.
As a leader in contract lifecycle management, understanding Icertis pricing is key to evaluating its value and capabilities.
This blog explains its pricing, highlights core benefits, and shares market insights to help you decide if it meets your needs.
Pricing Overview of Icertis Contract Intelligence Platform
Icertis, in line with many enterprise-level software providers, doesn’t publicly disclose its pricing. This lack of public pricing is due to the complexity of tailoring CLM solutions to individual business needs. Several key factors influence the final cost:
Volume of user licenses: The more users who need access to Icertis, the greater the investment.
Feature set: Icertis offers a modular design. You choose the features that fit your needs. Need AI-powered contract intelligence or advanced risk assessment? Those features contribute to the overall cost.
Contract volume: The number of Icertis contracts on the platform impacts pricing. Just as a larger wardrobe requires a bigger closet, more contracts necessitate a more robust CLM solution.
Deployment style: Choose the deployment that suits you best: cloud, on-premises, or hybrid.
White-glove service: Icertis provides expert implementation, training, and support to ensure you maximize your investment.
Discover a Simpler, Affordable Solution
HyperStart CLM offers an affordable, user-friendly alternative to high-cost solutions like Icertis.
Icertis pricing breakdown
Unlike standard off-the-shelf software, Icertis doesn’t offer a fixed price list. Here’s a breakdown:
Price factor: Icertis takes a personalized approach to pricing, working with you to understand your unique needs, like number of user licenses, desired features, and contract volume. It’s like commissioning a custom suit; the price depends on the details.
Designed for enterprise-level needs: Icertis is built for large organizations with complex contracting and security requirements, so its pricing model is more sophisticated than your average software. Think of it as enterprise-grade, enterprise-scale.
Estimated starting cost: Although not officially confirmed, industry sources suggest a starting price of around $200,000 per year, with costs varying widely based on your chosen features and setup.
For exact pricing, it’s best to reach out directly to Icertis.
Icertis Reviews: A Glimpse into User Experiences
Icertis has garnered significant attention in contract lifecycle management, but what are users truly saying about it?
Let’s delve into the reviews and see what insights we can gather:
Generally Positive Sentiment: Icertis generally receives positive reviews across various platforms like Gartner Peer Insights, TrustRadius, and Capterra. Users often commend its robust functionality, AI-powered features, and ability to streamline contract management processes. Here are key considerations while evaluating Icertis pricing.
Key Strengths:
Comprehensive CLM: Icertis is frequently commended for its comprehensive approach to contract management, covering the entire lifecycle from creation to execution and beyond.
AI-Powered Contract Intelligence: Users appreciate the AI capabilities that help assess risk and track obligations for more informed decisions.
Improved Efficiency: Many reviewers note significant improvements in efficiency and productivity due to automation and streamlined workflows.
User-Friendly Interface: While some find the platform complex initially, many highlight the user-friendly interface once they get accustomed to it.
Areas for Improvement:
Complexity: Some users, especially those new to CLM, find the platform’s extensive features and functionalities overwhelming initially.
Implementation: A few reviews mention that implementation can be time-consuming and require dedicated resources.
Cost: Icertis is considered a premium solution, and some smaller businesses may find it expensive.
If you want a deeper understanding, check out this post on detailed Icertis reviews.
Icertis Pricing vs. Competitors
Icertis contract intelligence platform is positioned as a premium CLM solution with a focus on enterprise-level features and AI capabilities. So the price point is on a higher side compared to some competitors.
Here’s a quick overview of the best Icertis alternatives, like HyperStart and Ironclad.
| Pricing Aspects | Icertis | HyperStart CLM | Ironclad |
| Pricing Model | Custom | Custom | Custom |
| Estimated Starting Price | $200,000/year (approx) | Not publicly listed | $500/month |
| Free Trial | No | 14 days | Not specified |
| Demo | Yes | Yes | Yes |
| Third-Party Integrations | SAP, Microsoft, Salesforce, Workday, Microsoft Outlook, Adobe Sign, Microsoft Teams, Slack | DocuSign, Adobe Sign, Salesforce, HubSpot, SAP, Google Drive, OneDrive, email platforms | Salesforce, DocuSign, Adobe Sign, HelloSign, OneTrust, Vendr, Airbase, Google Drive, Microsoft Teams |
| Best For | Enterprise-level usage | Quick implementation | High contract volumes |
Based on this comparison, it’s clear that HyperStart offers a compelling value proposition, especially for SMBs.
Why choose HyperStart over Icertis?
For businesses seeking a more affordable and user-friendly CLM solution, HyperStart CLM offers a strong alternative. While Icertis focuses on enterprise-level features and AI capabilities, which places it at a higher price point, HyperStart CLM caters to the needs of small to medium-sized businesses with its competitive pricing and intuitive design.
Here’s a closer look at what makes HyperStart CLM stand out:
| Features | HyperStart CLM |
| User-friendly interface | Intuitive design that’s easy to navigate and adopt, even for beginners. |
| Rapid implementation | Fast implementation: 2 to 7 days for the repository, 2 to 3 weeks for custom workflows. |
| Automation powerhouse | Automates contract creation, approval routing, redlining, and e-signatures, reducing turnaround times by up to 80%. |
| AI-driven contract intelligence | Advanced AI for metadata extraction (99% accuracy), automated contract renewal tracking, and AI-assisted reviews. |
| Flexible and affordable | Competitive pricing is ideal for small to medium-sized businesses. |
| No-code customization | Allows users to create custom approval workflows without coding knowledge. |
| Proven success | Proven results, including a 60% reduction in contract creation time at LeadSquared. |
Find the right CLM for your business
Choosing the right CLM solution requires careful consideration of your business needs, budget, and long-term goals. While Icertis offers a powerful platform for enterprise-level contract management, its complex pricing structure and high cost can be a barrier for some businesses.
If you prioritize transparency, affordability, ease of use, and rapid implementation, HyperStart CLM is a strong contender. We encourage you to book a demo and explore our platform’s capabilities.
What do HyperStart CLM’s customers feel?
HyperStart has simplified tracking crucial clauses like liability, indemnity, and the term of the contract. Multiple teams, including finance, business, and operations, benefit from having all this data in one place. Now, we receive email reminders for contracts due for renewal.
View Case Study
Mayuri Jaltare
Company Secretary, Qapita
