FTI Consulting Partners with Agiloft to Enhance Contract Lifecycle Management Offerings
29 Agosto 2023 - 8:30AM
FTI Consulting, Inc. (NYSE: FCN) today announced that the firm’s
Technology segment has entered into a partnership with Agiloft, a
global no-code contract lifecycle management (“CLM”) solution
provider. FTI Technology’s Corporate Legal Operations practice will
work strategically with Agiloft to help clients improve return on
investment and accelerate adoption for their CLM implementations.
According to a Blickstein Group study, nearly half (47.2%) of
legal departments consider CLM automation and process improvements
to be one of their highest priorities. At the same time,
contracting solutions are among the most complex institutional and
legal department technologies to implement. FTI Technology advises
clients at all stages of their CLM journey, from assessing current
processes and identifying key risk areas to technology selection,
implementation, ongoing management and adoption. The partnership
with Agiloft will support clients in automating contracting
processes to reduce costs, improve governance and drive
efficiencies.
“Realizing the stated benefits of CLM solutions can be extremely
challenging, especially with the increasing number of solution
providers in the market,” said Wafik Guirgis, a Senior Managing
Director and global Co-Leader of FTI Technology’s Corporate Legal
Operations practice. “Selection, preparation and implementation
require tremendous investment of time, people and other resources,
as well as nuanced change management. To quickly achieve results
from a CLM solution investment, organizations need a clear
understanding of contracting operations and a solution partner that
has demonstrable success in reliably addressing challenges. By
partnering with leading solution providers like Agiloft, we can
better assist our clients in obtaining their transformation goals,
like speed-to-market and other critical commercial efficiency
objectives.”
Agiloft’s flexible no-code CLM platform offers an adaptable
solution and extensive integration capabilities that allow contract
data to flow through more than 400 enterprise applications. The
solution has received top vendor scores from analyst firms,
including being named a Leader in The Forrester Wave™: Contract
Lifecycle Management, Q2 2023, with the highest scores possible in
17 criteria: contract management, workflow,
dashboards/reports/visualizations, user experience, vision,
innovation, roadmap and more.
“As the legal operations function increasingly becomes a
strategic driver for business, demand for CLM solutions is growing
to help meet those needs,” said Steve McKean, VP of Global
Alliances at Agiloft. “Coupling Agiloft’s flexible platform with
FTI Technology’s technical knowledge and implementation talent is a
potent mix that will enable the delivery of powerful solutions for
legal, procurement, sales and IT teams. Our partnership with FTI
Technology will help provide return on investment for clients
looking to modernize their contract management and empower better
contracting across the business.”
FTI Technology’s Corporate Legal Operations practice helps
organizations achieve operational efficiencies and measurable
results across the legal operations spectrum, using the technology
and services that best meet their needs. Within this practice,
experts have a proven track record of helping legal departments
align their operations programs with business goals and develop
customized solutions that empower in-house teams. The firm’s legal
operations advisory, services and technology offerings cover every
phase of the legal operations journey, from assess and recommend to
implement and measure. This comprehensive approach ensures that
legal operations professionals can understand and improve their
current state, future needs, best practices, technology enablement
and performance benchmarks.
About FTI Consulting FTI Consulting, Inc.
is a global business advisory firm dedicated to helping
organizations manage change, mitigate risk and resolve disputes:
financial, legal, operational, political & regulatory,
reputational and transactional. With more than 7,800 employees
located in 31 countries, FTI Consulting professionals work closely
with clients to anticipate, illuminate and overcome complex
business challenges and make the most of opportunities. The Company
generated $3.03 billion in revenues during fiscal year 2022. In
certain jurisdictions, FTI Consulting’s services are provided
through distinct legal entities that are separately capitalized and
independently managed. For more information, visit
www.fticonsulting.com and connect with us on Twitter
(@FTIConsulting), Facebook and LinkedIn.
About Agiloft As the global leader in
agile contract lifecycle management (CLM) software, Agiloft is
trusted to provide significant savings in purchasing, enable more
efficient legal operations, and accelerate sales cycles, all while
drastically lowering compliance risk. Agiloft’s adaptable no-code
platform ensures rapid deployment and a fully extensible system.
Using contracts as the core system of commercial record, Agiloft’s
CLM software leverages AI in a pragmatic manner to improve contract
management for legal departments, procurement, and sales
operations. Visit www.agiloft.com for more.
FTI Consulting, Inc. 555 12th Street
NW Washington, DC
20004 +1.202.312.9100
Investor Contact:Mollie
Hawkes+1.617.747.1791mollie.hawkes@fticonsulting.com
Media Contact: Ashley
Allman+1.206.369.5209ashley.allman@fticonsulting.com
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