Supercharge Your Contract Management: Top 5 Ironclad Features of 2024

At LECG, we’ve worked with 90+ Ironclad customers and have a unique perspective as the only strategic partner founded by Ironclad's original Legal Engineering team. This year, we dove deep into more than 100 of Ironclad's feature releases from 2024, handpicking the five that are making the biggest difference for our clients.

1. Smarter Contract Tracking

With Lifecycle Presets & Contract Statuses our clients have an increased understanding of the status of their contracts. With this feature, they can:

Standardize contract tracking across an entire repository
Automatically categorize contracts as Active, Inactive, Auto-Renewing, or Expiring
Gain instant visibility into contract lifecycles without manual intervention

Pro Tip: Implementing these features across all workflows has allowed us to assist clients in creating a consistent, intuitive contract management process.

*Contract statuses in the Ironclad Repository*

2. Simplified Data Management

Data Manager & Connected Properties:

Centralized Record Type and Property management
Global Connected Properties that work across multiple workflows
Reduced risk of duplicate properties
More robust and detailed reporting

3. Workflow Management Made Easy

Our client Ironclad administrators have more autonomy with new Workflow Management Improvements:

Direct workflow deletion to assist with data cleanliness
Programmatic workflow reassignment, including bulk role assignment
Expanded management permissions including more granular admin permissions that do not require granting access to all executed contracts
Self-service out-of-office workflow reassignments

4. Seamless Salesforce Integration

Sales teams that rely on Salesforce and Deal Desk teams that stress over data quality are finding quick wins with Salesforce Two-Way Sync:

Consistent data updates across Salesforce and Ironclad regardless of where the changes are made
Data updates for certain fields can now bi-directionally sync during the Review stage

5. AI-Powered Contract Intelligence

Our clients are leveraging advanced AI capabilities with Ironclad’s latest AI Clause Enhancements to speed contract review and have access to company standard language:

Custom AI clauses for specific, client related review needs supplement Ironclad’s out-of-the-box 175 standard AI-detected clauses with real-world examples for improved AI detection.
In-app guidance on the effectiveness of training examples when creating custom AI-detected clauses
Control over AI detection sensitivity by using similarity settings

Ready to Level Up Your Contract Management?

Ironclad continues to be a leading innovator in the CLM space, and these five features reflect its focus on empowering users, streamlining processes, and improving contract management at every stage. At LECG, we’re excited to partner with our clients to implement these features and maximize the value of their Ironclad investments.

Want to learn more or explore how these features could work for your organization? Reach out to us—we’d love to connect!