Introducing a powerful Nomio alternative

Is Nomio right for you?

If you are looking for a platform where you can just store your contracts, use a quick template to draft a contract or just sign a contract that you’ve got, Nomio can do that for you.

But if you are looking for a CLM/CMS solution where you can review and analyze your contracts, get insights on risks or handle contracts with different languages, Nomio may fall short for your needs.

Let’s look at what’s missing and why should you bother -

Contract Review/Analysis -  Even when using Nomio to handle contracts, you are still handling everything on your own. No service to review your contract, no analysation of the huge data all your contracts hold or to give you actionable steps from them.

Contract Risk Analysis - No contract is perfect, and if you sign a contract without analyzing the risks involved, it certainly won’t have a fairy tale ending. Nomio lacks the functionality to show your contract’s potential risks or red flags. Which again leaves you alone to take care of the potential risks. 

So you’ll have to hire a lawyer separately to review each contract for you, despite already paying for Nomio.

Editing Contracts - Once you’ve sent a contract to the other party, there’s no way to make changes to it when using Nomio. So if you end up sending a contract with any mistake or a risky clause or you need to change a term as per negotiation, you’ll have to mark that contract as void, make a copy of the contract, change it there and then send it again. Imagine doing this every time there’s a change in the contract.

When you consider all these factors, it gets clear that Nomio at the moment is far from being called a complete CLM solution.