Contractbook Reviews

3.9

65% would recommend to a friend

(42 total reviews)

Anders Hay Kloster

Not enough data to show CEO approval

57% positive business outlook

Contractbook has an employee rating of 3.9 out of 5 stars, based on 42 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Contractbook employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

42 reviews
2.0
15 Apr 2023

Not a good company to work for.

Recommend
CEO approval
Business outlook

Pros

Other employees are great, friendly and helpful

Cons

Management is chaotic and disorganised Lacking long term strategy

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Contractbook Response
2y
Hello 👋 Thank you for taking the time to provide us with feedback regarding your time at Contractbook. Receiving feedback from both past and present employees is invaluable as it is through this that we can continue growing and improving as a company. It’s great to hear that you found the team at Contractbook to be friendly and helpful. We know that the people we bring on board are one of our most significant assets, so we’re pleased that you felt supported by your peers and colleagues. That’s why it’s disheartening to hear that you felt that our management is chaotic and lacking in strategic direction. Because your review says that you worked in sales, I’m assuming that your comments are directed predominantly at our previous sales leadership. I know that it no longer impacts you, however, I want to let you know that we’ve just recently finished revamping our whole sales leadership and creating one unified revenue department. Our reasoning behind this is to help foster closer collaboration and centralise our strategic vision and decision-making when it comes to all revenue teams. We hope that your time at Contractbook was a net positive and wish you every success in your future endeavours. Best regards, People Team
2.0
20 Nov 2023
Recommend
CEO approval
Business outlook

Pros

The best part about Contractbook is the people (outside of management). Good coffee machine Good office location Nice office Some cute dogs Annual meetups

Cons

- The most damaging con is accountability from management. Far too often the companies failures are pinned on the sales team. Those making decisions do not admit bad decisions and instead put all the responsibility on the sales team. Yet expect the sales team (new business and CS) to come in day in day out motivated and ready to go. - Arrogance from management. For some reason, management are under the impression that staff should be grateful for a job at Contractbook, rather than them being grateful for their employees. Because of this, personal development is just non existent. The only time people are promoted is to fight fires and to ultimately shut people up. There is always talk of a personal development plan, but it never exists. Too many talented people left because they were not looked after. Or unfortunately, promoted to positions they are unqualified for and then inevitably fall short of expectations and end up being fired. Create a progression program that motivates people to do better and provide the training and support to get them there. - Poor decision making, especially with leadership hires. There have been a number of sales leaders that are either unqualified professionally or culturally (sometimes both), for a long time at Contractbook. With each new leader comes a new playbook that on paper 'works' but is ultimately another excuse to get rid of 'under performing' members of the team, and to deflect from the businesess true failures. Rather than focusing on improving the parts of the platform and sales organisation that is below par they waste money hiring new leaders that are going to 'fix' the sales team. When that fails, the process is simple, fire the leader and the staff that management don't like and go again! At this stage of the business, the focus should be on training the sales team - not expecting people to come in and work miracles. Salespeople are given 1 month before they are expected to hit the same results as veterans of the salesteam, how does that work? This ultimately comes down to the fact that the new sales leader is always desperate to prove themselves and demands results immediately from the team in order to look good. Rather than taking a step back and evaluating what is missing and going wrong, the approach is do more output 'so at least it looks like we are trying'. Time is valuable of course, but there's greater value in actually working out meaningful solutions then there is hoping the new sales leader will miracously fix everything. The platform is not advanced enough to compete at the desired level. The price of the platform puts them on the same level as the elites in the CLM space, but the platforms functionality is comparable to SMB CLM service providers. This means that the team have to fight for those companies that can't quite afford the big players, but want something that is better than an entry level CLM tool, which often means Contractbook are too easily priced out the conversation, because they have big player pricing but entry level functionality. This position of market limbo inaccurately inflates marketings numbers since they get leads from SMBs and Enterprise, and ultimately just makes the salesteam look bad when the conversion rate is so low. - Unrealistic targets. Hitting target at Contractbook does not happen across the entire salesteam. From SDR to AE to CS, the targets are simply unattainable. This unfortunately fosters a losing culture. People know they won't hit target so it's just about doing as good as you can and celebrating quietly as you'll be questioned for celebrating when you haven't hit target. Make targets achievable to get that winning spirit back and get people excited to fight! - People are not listened to. Even when the company ask for feedback, they do nothing with the feedback and carry on with what they believe is right. This is a problem across every department; they pretend to be interested in people's thoughts and feedback but just never act on it. This means change for the better is very rare. The vision that got the company Seed A/B was great, but its not enough anymore, listen to the people that know what they are talking about so the company can actually improve. If you don't want to listen, don't ask for feedback. - Misleading and inaccurate culture. People talk about the culture at Contractbook like its amazing, but there isn't really any culture anymore. The culture is free drinks occasionally on a Friday, lots of merch for people to post on LinkedIn and the annual meetups. The meetups are the best part of the companies culture as it brings everyone together with a range of activities and exercises to get to know each other better. Take parts of the meetup and put that into the everyday culture, not just the drinking and merch. Remote work/Hybrid work is just no longer accurate for the salesteam. Jobs are advertised as Hyrbid (like it is for the rest of the company), but it is not hybrid for the salesteam. You are expected to be at the office everyday despite it being advertised as hybrid. The company are advocates for remote/hybrid work unless you're in the salesteam which is quite disappointing for new people joining sales.

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Contractbook Response
2y
Hello 👋 We deeply appreciate your taking the time to share your experiences and reflections on your time with Contractbook. Your detailed and thoughtful assessment of various aspects of your tenure is invaluable to us, and it gives us a meaningful opportunity to address the points you've raised. To begin with, it's heartening to know that you found the team environment, our office location and facilities, and our annual meetups to your liking. These are aspects of our culture in which we take immense pride and are committed to continually enhancing and preserving. Regarding your concerns about management and the sales team, we recognise that steering a dynamic and growing company like Contractbook involves its share of challenges. The accountability issues you pointed out were certainly not meant to undermine the significant hard work and dedication of our sales team. Indeed, the contributions and efforts of our team are pivotal to our success, and the value of each team member's commitment and skill is something we deeply recognise and cherish. In terms of the perceived management attitude, we are steadfast in our commitment to cultivating a culture of mutual respect and appreciation. We believe strongly that each individual in our team, irrespective of their role, makes significant contributions to our collective success. It is our ongoing mission to create an environment where each person feels genuinely valued and recognised for their contributions. If you’d like to bring something to our attention in a confidential manner regarding one of our current managers, please email people@contractbook.com In this regard, we maintain an open-door policy, encouraging every team member to freely share their insights, concerns, and suggestions. This approach not only fosters transparency but also allows us to address any potential issues proactively and constructively. We are dedicated to continuous improvement, both in our managerial practices and in the overall workplace environment. We’d also like to let you know that efforts have been made to enhance clarity and communication around job roles and expectations, particularly within the sales team. The updated working model, including expectations and targets, is now communicated with greater transparency during the recruitment process and is clearly outlined by all sales managers, that people in our sales department are expected to work from the office 4-5 days per week as the norm. This approach is designed to align our team members' understanding of their roles and responsibilities right from the start. We’re sorry if this wasn’t communicated well enough. In light of evolving macroeconomic conditions, we have reevaluated and adjusted our sales targets. These changes are part of our concerted effort to establish realistic and attainable objectives, which align with both the company's overarching goals and the individual capabilities of our team members. We understand the importance of having achievable targets that maintain team motivation and foster a sense of achievement. The strategy of our sales leadership is in a continuous state of adaptation, responding to both market needs and internal feedback. We are dedicated to making decisions that best serve the interests of both our team and the broader company, balancing the necessity for immediate results with the pursuit of long-term, sustainable growth. Finally, the feedback from all our team members is incredibly valuable to us, and we are wholeheartedly committed to integrating this feedback into our continuous improvement and growth strategies. Actively listening to and acting on feedback is essential to our success. We regret to hear that some aspects of your experience did not align with your expectations. Please be assured that we are in a constant state of learning and evolution, and your feedback is a crucial component of this journey. We wish you the very best in your future endeavours and are sincerely thankful for the dedication and effort you contributed to Contractbook. Best regards, People Team
2.0
15 Jun 2023
Recommend
CEO approval
Business outlook

Pros

Individual contributors are incredibly friendly and great to work with Customers are generally understanding and patient with product issues

Cons

Management is unprofessional, lacking in long or short term strategy. Does not uphold obligations to employees, reneges or simply refuses to honor comp plans/contracts. Dismisses feedback from sales team. Individual contributors in CS org have no potential for upward movement or career growth.

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Contractbook Response
2y
Hello 👋 Thank you for taking the time to provide feedback on your experience at Contractbook. We value the opinions of our employees and strive to cultivate a positive and transparent work environment. We're glad to know that you've had a great time with your colleagues and that our customers have been pleasant to work with. Regrettably, it still seems that we have a long way to go, so allow me to address some of the main points you’ve brought up more directly: 1. Management and Strategy: We’ve made some changes to our management group, including an entire rework of our sales leadership and the creation of a revenue department that aims to foster closer collaboration among all revenue teams including CS and Sales. This along with instituting MBO and KPI framework for our employees (including our management) should create more concrete accountability. In order to further hold ourselves accountable as a company, we've also hired an executive coach for senior management. We hope this will kick-start a positive trajectory where management will continue to strive to be transparent, direct, and honest in all communication and decision-making moving forward. 2. Compensation: Upholding the terms of compensation plans and contracts is not just a legal requirement but a reflection of our values. According to our records, all compensation and commission plans have been paid out. Please contact people@contractbook.com if there are any discrepancies in your records. 3. Feedback Dismissal: Feedback from all teams, including sales, is vital for us to continue evolving as a company. Unfortunately, we weren’t operating with a true “bottoms up” approach and for that we are sorry. Since you’ve posted this review, we now have a fully transparent company roadmap that’s accessible to all people to view on our company Notion page. This roadmap breaks down what’s currently being worked on, what’s planned for production and what is currently going through our discovery process. We also have a Slack channel where you can submit feedback and tickets for product improvements and suggestions to ensure we get better at logging all recommendations and actioning them. 4. Career Growth in CS: We believe in nurturing talent and creating pathways for career progression, and we’re sorry we didn’t do a good enough job. We now have clear roles and responsibilities mapped out. This, combined with a transparent MBO and KPI framework where every employee knows what needs to be done, we hope will continue to foster a transparent and open work environment. Should you be open to discussing your feedback in more depth, we would welcome the opportunity to understand this more comprehensively, feel free to reach out to the employee representatives or contact someone from the People Team. Thank you again for helping us recognise areas for improvement! Best Regards, People Team
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Glassdoor has 47 Contractbook reviews submitted anonymously by Contractbook employees. Read employee reviews and ratings on Glassdoor to decide if Contractbook is right for you.