What is the MGI Research CLM Top 35 Buyer's Guide?

It's an analyst report built to help companies evaluate contract lifecycle management (CLM) vendors and cut through a crowded market. The 2025 edition rated 35 solutions on their ability to handle contract complexity and volume. Conga earned an A rating and a Positive Analyst Outlook placing it in the top tier of vendors.

Why did Conga stand out in the report?

MGI cited the Conga Advantage platform which unifies buy-side and sell-side contract management and extends into enterprise-wide use cases. It also called out Conga's use of AI and agentic frameworks which help companies execute complex global agreements without slowing down extract obligations and clause data with precision and integrate CLM tightly with Configure Price Quote (CPQ) and revenue processes for a single source of truth.

Why do so many companies replace their first CLM solution?

According to MGI nearly 40% of companies replace their first CLM within 3 years. The usual culprits are solutions that can't scale with the business or keep pace with growing contract complexity. That's why stability scale and the ability to grow with a customer from midsize to hyperscale matter so much in the selection process. Getting the choice wrong the first time is expensive.

What does it mean to treat CLM as a system of record?

It means CLM becomes a core enterprise system that carries the same weight as your ERP or CRM rather than a tool used by one department. With buy- and sell-side contracts unified and tightly integrated with CPQ and revenue processes contracts become a single source of truth that shapes revenue risk and customer relationships across the business not just a place to store signed documents.

Conga Named a Top CLM Provider in MGI Research Buyer’s Guide

Conga Team

10/09/2025

4 min read

Conga named a top CLM provider in MGI Research Buyer’s Guide

Table of contents

Key Insights

Conga earned an A rating from MGI Research

Top-tier vendor for complexity and volume handling

Nearly 40% of companies replace their first CLM

Conga scales from midsize to hyperscale customers

Contracts sit at the center of every business relationship, yet too many organizations still run them through outdated or siloed systems. The result is lost revenue, hidden risk, and missed opportunities. MGI Research’s CLM Top 35 Buyer’s Guide was built to help companies cut through the noise and find technology that can change that.

Conga earned an A rating and Positive Analyst Outlook in the 2025 report, placing us in the top tier of vendors for both complexity and volume handling.

Why Conga Stood Out

MGI cited our Conga Advantage platform, which unifies buy- and sell-side contract management while extending into enterprise-wide use cases. It also called out our use of AI and agentic frameworks, which are reshaping how companies:

Execute complex global agreements without slowing down
Extract obligations, entitlements, and clause data with precision
Integrate CLM tightly with CPQ and revenue processes for a single source of truth

That combination gives our customers a system of record for contracts that matches the weight of their ERP or CRM.

Why This Matters for Buyers

MGI notes that nearly 40% of companies replace their first CLM solution within three years. The cost of getting it wrong is high. Conga’s recognition signals stability, scale, and the ability to grow with customers from midsize to hyperscale.

Where the Market is Headed

Generative AI is raising the floor for CLM. Features once considered advanced, like clause intelligence or automated obligations tracking, are quickly becoming table stakes. That shift will expose vendors without the financial strength or product depth to keep up. The winners will be those who can marry AI innovation with trust, governance, and real enterprise experience.

Conga is investing in exactly that future. Recognition from MGI is validation, but the real story is what comes next: CLM not as a department tool, but as a system powerful enough to shape revenue, risk, and relationships across the enterprise. It’s one more way we’re helping companies become more connected and intelligent businesses.

Frequently Asked Questions

What is the MGI Research CLM Top 35 Buyer's Guide?

It's an analyst report built to help companies evaluate contract lifecycle management (CLM) vendors and cut through a crowded market. The 2025 edition rated 35 solutions on their ability to handle contract complexity and volume. Conga earned an A rating and a Positive Analyst Outlook, placing it in the top tier of vendors.
Why did Conga stand out in the report?

MGI cited the Conga Advantage platform, which unifies buy-side and sell-side contract management and extends into enterprise-wide use cases. It also called out Conga's use of AI and agentic frameworks, which help companies execute complex global agreements without slowing down, extract obligations and clause data with precision, and integrate CLM tightly with Configure, Price, Quote (CPQ) and revenue processes for a single source of truth.
Why do so many companies replace their first CLM solution?

According to MGI, nearly 40% of companies replace their first CLM within 3 years. The usual culprits are solutions that can't scale with the business or keep pace with growing contract complexity. That's why stability, scale, and the ability to grow with a customer from midsize to hyperscale matter so much in the selection process. Getting the choice wrong the first time is expensive.
How is AI changing the CLM market?

Generative AI is raising the baseline for what CLM can do. Capabilities once considered advanced, like clause intelligence and automated obligations tracking, are quickly becoming table stakes. That shift will expose vendors that lack the financial strength or product depth to keep up. The vendors that win will be the ones that pair AI innovation with trust, governance, and real enterprise experience.
What does it mean to treat CLM as a system of record?

It means CLM becomes a core enterprise system that carries the same weight as your ERP or CRM, rather than a tool used by one department. With buy- and sell-side contracts unified and tightly integrated with CPQ and revenue processes, contracts become a single source of truth that shapes revenue, risk, and customer relationships across the business, not just a place to store signed documents.