Contract Management Software
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Compare the Top Contract Management Software of 2020
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Compare the best Contract Management software currently available using the table below.
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1
ContractWorks
ContractWorks
ContractWorks makes executing, storing, and tracking corporate agreements easier. With quick implementation, an easy-to-use interface, and low pricing starting at $600/month for unlimited users, ContractWorks makes contract management software accessible to businesses and teams of all sizes. In addition to the features you need to manage your agreements, you’ll get a team of dedicated support professionals to help your business get the most out of your contract portfolio.
Starting Price: $600/ Month -
2
Gatekeeper
Gatekeeper
Gatekeeper is a powerful, AI-driven contract management solution that gives businesses total control and visibility over their contract agreements Gatekeeper helps its customers: Reduce costs. A clear line of sight of all contracts enables customers to identify wasted spend and areas for consolidation as well as actively managing all contract renewals. Save time. Automating contract processes using Gatekeeper’s workflow engine minimises manual effort and ensures agreed procedures are followed every time. Mitigate risks. Gatekeeper’s customers minimise their contract risk through effective categorisation and management as well as through establishing fully auditable records of all contract activity. Realise agreed contract benefits. Research shows that an average 50% of negotiated savings are never realised after a contract is signed. This is because of a lack of monitoring and oversight. Gatekeeper keeps customers on track.
Starting Price: $775.00/month -
3
RevvSales
RevvSales
Collaborate efficiently with each document created, reviewed and digitally signed in one central place.1000+ businesses trust us for their digital signature needs.An all-in-one document management to help individuals and teams run their business. RevvSales is a superior alternative to Google docs or Microsoft Word with in-built e-signature, templates & workflows. Integrate data with your systems of records: CRM, Payroll, Accounting. Running your business, one document at a time, is our business!
Starting Price: Free -
4
GEP SMART
GEP
GEP SMART is an AI-powered, unified source-to-pay (S2P) procurement software that brings end-to-end procurement functionality for both direct and indirect spend management into a single, cloud-native platform. It features a range of procurement tools built into one unified procurement system; eliminating the need for separate, stand-alone software, modules, or tools for managing specific functions. GEP SMART aims to help streamline the end-to-end procurement process, accelerate digital transformation, elevate a procurement team’s performance, and enhance its strategic reach and impact on the business.
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5
DocTract
DocTract
DocTract revolutionizes how organizations leverage key documents through a dedicated cloud solution with advanced collaboration capabilities . Policy Management, Procedure Management and Contract Management transform into true value added processes that directly enable organizations to collaborate, deploy and secure key documents . DocTract understands the special requirements needed to process Policies, Procedures, SOPs and Contracts. Built-in capabilities assist throughout the process from collaborating on revisions to approval levels and electronic signatures.
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6
Armatic
Armatic
Armatic is the highest rated software solution for Payment Processing, Billing/Invoicing, Recurring Billing and Subscription Management. Billing and Invoicing: Create beautiful invoices with our powerful invoice editor synced into your accounting system. Provide a customer portal, automatic charging, payment collection, and apply late fees. Recurring Billing & Subscription Management: Armatic provides enterprise-class subscription billing management for fast-growing businesses worldwide. Enable trial periods, manage plans, or prorate subscriptions. Payment Processing: Armatic is processor agnostic and provides integrations to all types of payment solutions from credit card payments, ACH, SEPA to wires. We handle partial payments, automatic failed payment retry, and automatic payment recovery. Finance Team dramatically reduce outstanding AR with Armatic. Sales teams close more deals, and customer success teams improve customer satisfaction scores with Armatic.
Starting Price: $35/user/month -
7
Dolibarr ERP CRM
Dolibarr
Dolibarr is a software company based in France that was founded in 2003 and offers a software product called Dolibarr ERP CRM. Pricing starts at 0. Dolibarr ERP CRM offers training via documentation, and in person sessions. Dolibarr ERP CRM is CRM software, and includes features such as customer surveys, mailing list management, subscriber management, template management, and WYSIWYG email editor. Dolibarr ERP CRM offers business hours support, and online support. Dolibarr ERP CRM offers a free version, and free trial. Dolibarr ERP CRM is available as SaaS, Windows, Mac, Linux, iPhone, iPad, and Android software. Some alternative products to Dolibarr ERP CRM include Armatic, Waste & Recycling One, and NetSuite.
Starting Price: 0 -
8
Procure Xperts
Procure Xperts
Procure Xperts, a complete SaaS based procure 2 pay software based solution product for organizations of all sizes. Our eProcurement software can save time in managing supply chain while saving the cost and valuable business time of our customers. A Procurement System That Provides Ease To Your Streamlined Procurement Management Processes By Saving Cost And Saving Your Employees Valuable Time. Procure Xperts offers result-oriented procurement software solutions. Pushing boundaries and ideas for our clients to deliver desirable results for our customers is our top priority. At Procure Xperts, customers come first.
Starting Price: $15/month/user -
9
PandaDoc
PandaDoc
Create and manage all kinds of business documents with PandaDoc document management software. Powerful, integrated, and secure, PandaDoc lets business users create, send, track, and eSign documents quickly and easily. Whether you're looking to manage organizational documents such as proposals, quotes, contracts, HR documents, and more, PandaDoc can help you get things done.
Starting Price: $19.00/month/user -
10
Huddle
Huddle
If you're looking for a more efficient and secure way to collaborate with your team, turn to Huddle. Huddle is a leading team collaboration and project management software suitable for government organizations and enterprises. With Huddle, teams can easily collaborate on projects, share and edit files, and manage team activity in a secure, shared space. It also integrates with popular enterprise tools such as Microsoft Office, Google Apps for Work, and Salesforce.com.
Starting Price: $11.00/month/user -
11
FileHold
FileHold Document Management Software
FileHold is an enterprise grade document management and document workflow solution that helps large organizations transition to a paperless work environment. Deployable on-premises or in a secure private or public cloud, FileHold offers a suite of features for document scanning, indexing, versioning, searching, document linking, and more. FileHold supports all browser types, a rich desktop environemnt and is mobile ready. Out of the box integraton with MS Office, SharePoint, Teams and Active Directory. Free fully documented API.
Starting Price: $15.00 / user / month -
12
Freshservice
Freshworks
If you're looking for an IT service desk solution that's actually simple, turn to Freshservice. A plug-and-play ITIL service desk by Freshworks, Freshservice helps businesses modernize IT and other business functions--without the cost and complexity. Freshservice offers everything teams need for proactive IT service management, including ticketing and asset management, configuration management and enhanced impact analysis, robust incident management functionalities, and more.
Starting Price: $29.00/month/user -
13
Fluix
Fluix
Digitize. Automate. Transform. Bridge the gap between your field and office with Fluix mobile-first workflow management software. Businesses around the globe have already optimized their processes with document workflow software Fluix. Quickly fill out any form required in your daily operations — from inspection reports, purchase orders, and invoices; to expense reports, time cards, sales contracts and hiring packages. Fluix’s built-in annotation capabilities makes PDF form filling more efficient — increasing productivity of your field team and optimizing your operational workflow. With Fluix, any kind of inspection, review and approval tasks can be completed in minutes. A two-week workflow cycle is now just a few taps away. Ability to review inspection documents from the field worker who is miles away on site. Signing urgent contracts with customers on the iPad and even iPhone.
Starting Price: $20.00 per user per month -
14
ContractRoom
Contract Room
ContractRoom is a cloud-based negotiation and digital transaction management (DTM) that helps human resource, finance, operations, and legal departments capture documents and process images. Unlike other DTM solution, ContractRoom is artificial intelligence (AI) driven so the system "learns" over time from large data sets and tells the users what to do, or better yet, does it for them. Core functionalities and features include framework configuration, multiparty collaboration, agreement construction, contract execution, workflow management, agreement archive, contract management, data leveraging, and vendor optimization.
Starting Price: $2000.00/month/user -
15
UniPhi
UniPhi
UniPhi is a Portfolio Tracking Management application, designed to demonstrate how well projects are running. With a highly transparent platform, the software gives your clients, staff, and owners the ability to identify issues, collaborate, and run predictive analytics with the use of the dashboard 'Summary Tools.' Using the color status indicators, leaders will quickly distinguish between projects that are on track and projects that can potentially be at risk for failures. The entire suite is mobile-friendly and fail-proof, as it's built to live in the cloud. Other features include Budget Management, Milestone Tracking, Time & Expense Tracking, and Resource Management.
Starting Price: $10.00/month/user -
16
ContractZen
ContractZen
Ready-to-use cloud service with contract management, board portal, VDR, eSignatures and more! ContractZen is your digital hub for corporate governance. Forget the time-consuming and expensive implementation projects and consulting. Loved by customers from over 30 countries, ContractZen is a revolutionary cloud service for organizations of all sizes to eSign and manage contracts, financial documents and meeting minutes. Unlike other solutions, ContractZen is instantly ready to use.
Starting Price: $9.50/month/user -
17
Pagemap
Pagemap
Pagemap is a smart contract management software designed to make contracts and other legal agreements more intelligible and accessible to users. Pagemap lets users navigate any complex documents with ease through features like keyword searches, cross-references, defined terms, highlighting and commenting, date searches, and more. This allows businesses to gain a better understanding on their contracts and make better business decisions.
Starting Price: $29.00/month/user -
18
GoCanvas - Mobile Forms
GoCanvas
Eliminate expensive and inefficient paper forms and save more time with customizable mobile forms from GoCanvas. GoCanvas is a cloud-based mobile platform that enables businesses to replaced outdated processes and automate how work is done. With GoCanvas mobile apps, organizations and their field workers can quickly collect information using their mobile devices, share that information, and easily send data back to the office so that business keeps moving. GoCanvas also offers businesses access to tools such as barcode scanning, image capture, mobile payments, GPS, and e-signatures.
Starting Price: $30.00/month/user -
19
A1 Tracker
A1 Enterprise
A1 Tracker is presented by the vendor as a robust & configurable risk management software offering either stand-alone or fully-integrated risk management software covering many business segments across an organization. Risk Management & Threat Assessment: Risk register for tracking risks at any level in an organization, including by entity, project, asset, contract, vendor, division, business, unit, region, and more. Real-time risk reports & heat maps, dashboard metrics, alerts, & notifications. Contract Management: Contract module for tracking contracts of any type with vendors, employees, customers, and any other parties. Claims & Incident Management Claims & incident reporting for claims of any type: injuries, medical, commercial, customer, insurance, work comp, asset, auto, liability. Insurance Policies & Certificates: Policies & certificates of insurance tracking with reminders & renewals. For agencies & carriers policy management includes tracking clients.
Starting Price: $2,000 -
20
ContractSafe
ContractSafe
ContractSafe is a leading cloud-based web and mobile service that serves as a manager for contracts and documents for all business in any industry. ContractSafe's easy to use platform offers an alert system for approaching contract deadlines, automatic OCR (making all scanned documents searchable), a centralized search engine with filters to find any document immediately, the ability to add as many users as required and to control their access to confidential documents.
Starting Price: $99.00/month -
21
HoneyBook
HoneyBook
HoneyBook is a cloud-based CRM solution designed for small businesses and freelancers that helps users to manage business processes, from consultation to billing. The platform enables users to manage projects, book customers, send invoices, sign online contracts and manage payments. HoneyBook offers task management functionality that allows users to view and track different stages of a project. Users can store their invoices, contracts and other documents in one place. They can also respond to customers with automated appointment requests and follow-ups using custom templates and notifications.
Starting Price: $40.00/month -
22
Contractpedia
Contractpedia
Contractpedia - Better contract management from Denmark Contractpedia is a free contract management solution that helps you to fix the contract mess and get a financial overview of your contracts. Contractpedia will help you to keep your automatically renewing contracts in check. Your contracts will finally become transparent so that you are fully aware of your actual expenses and remaining obligation and as a result benefit the most on your commitments.
Starting Price: €0 -
23
Outlaw
Outlaw
Outlaw is a modern contract management solution that streamlines the contract lifecycle for organizations - from templated document generation to cloud-based redlining to real-time negotiation and eSigning. With transformative technology and a modern user interface, the platform helps users accelerate contract cycles, streamline negotiation, improve visibility and enhance workflow productivity. Features include Advanced Template Editor, Encrypted Smart Fields, Contract Activity Audit Log, Cloud-based Redlining, Word/ PDF export, Version History, Date & Time Stamped Mobile eSigning, Secure Cloud Storage, and more. Outlaw also supports seamless integrations to third-party tools like Box and Salesforce so users can do more with what they already have.
Starting Price: $50/month -
24
Agiloft Contract Management Suite
Agiloft
Use Agiloft's proven Contract Management Suite to automate the complete contract lifecycle, streamline your approval process, and integrate contract information into related business processes.
Starting Price: $0 -
25
Genuity IT Management Platform
Genuity
It's here. IT intelligence for the rest of us. Genuity is the only affordable, cloud-based platform for managing and monitoring your entire IT profile. Take your IT to the next level for only $29.99 per company, per month. Even in today’s digital age, where information is readily available, the IT market has thrived in the obstruction of market transparency. At Genuity, we’re betting that the world is ready for an alternative. Reduce time spent answering inquiries and researching pricing. Give everyone on your team more time (& money) to focus on tasks that matter. Eliminate auto-renew clauses, complex cancelation terms, surcharges, or any other unnecessary costs that add zero value to your operation. Gain greater control of your entire IT portfolio through enterprise-grade software and a community of IT pros.
Starting Price: $29.99 per month
What is Contract Management Software?
Contract Management software, also known as Contract Lifecycle Management software (CLM), is utilized to build, sign and distribute legal documents. Through the use of on-premise and cloud solutions, teams are able to organize their business contracts in a single location. This helps to reduce the length of time employees need to spend sending legal documentation to and from other partners during their negotiations.
Many larger companies deal with a high volume of contracts due to leases, sales, vendor relations and intellectual property negotiations. For these companies, the use of contract management software will help to save money on printed materials, postage and negotiation time. The effort and time to make deals will decrease and companies will find their dealings to be more efficient.
There are a variety of businesses which find using contract management software to be a good investment. Some of the top targeted businesses for this software includes paralegals, attorneys, sales operations professionals and procurement professionals.
This guide is an overview of the more common applications and features of contract management software for vendors who are interested.
Free Contract Management Trials Offer A Test Run With Each Product
Each contract management software provider offers different services and features. To start a search for software, sign up for free demos from some of the top providers online. They will allow businesses to have a free trial of the software to take for a test run. When you use more than one free demo, they may be compared in order to find the best software solution for the needs of a specific business. Some of the top providers who offer free demos of their software include Concor, Agiloft, SpringCM, Octiv and Accelo. These contract management software suites are some of the best-known and most well-regarded among CLM software providers.
Common Features In CLM Software
It has been reported that many companies fail to locate up to 10 percent of their client contracts. Many of these lost contracts get misplaced or accidentally deleted off of a hard drive. Misplaced and lost legal contracts can be more than an inconvenience for businesses. Not having the proper documentation when needed can affect a company's sales, compliance and future negotiations. When original documents are not able to be located, the agreed-upon terms and conditions for both parties may fail to be followed properly.
The main benefit of contract management solutions is the ability to have one central database for all business documents and contracts. There are also various extra benefits and features which the solutions offer as well. Some of the following features should be examined:
- Security - Most contracts contain sensitive and private information. The best software for contract management should contain full encryption features to keep private, sensitive data secure and safe. The internal security features should protect the legal documents from getting altered or edited after both parties have settled the agreed-upon terms. To manage these features, software users may add user permissions and set the software to send notifications when changes are made.
- Organization - Long gone are the days when thousands of contracts needed to be stored on-site in filing cabinets. This way made it too simple to lose a contract and have to spend countless hours searching for it. Contract management software allows businesses to keep their contracts in one digital location that can be easily accessed by those who have permissions. Search capabilities in the software make it easy to locate the documents needed without delay. This capability is offered for software located on premises and in the cloud. The storage hierarchy in the software can quickly and easily be maintained and constructed.
- Tracking - The software makes moving towards contract approval quicker with the use of tracking features and notification options. The whole team can be updated instantly throughout the process. The notification options include sent and received messages, edit updates and new information regarding negotiations and contract revisions. When dealing with contracts electronically, the process of taking a contract from authoring to an agreement will be much less time.
- Reporting - For the management software systems which include analytics and reporting features, teams can easily locate problem areas in the process that are slowing down the approval process. In addition, these reporting features make it possible to improve performance and speed to make the contract process more efficient. Reports can be drafted to examine how each process breaks down. This allows teams to find areas that may be improved along the contract lifecycle.
Use Of Contract Management Software In The Industry
The main benefit of using contract management software is to reduce the contract process from start to finish. Effectively reducing the process will save teams time and money. Many industries find the software useful at all points in a contract lifecycle including the signing, the drafting, editing and analysis of the process afterward. Below are some of the more common industries which have found great success with a reliable contract management software system in place.
Intellectual Property
Intellectual property contracts are complex. The use of contract management software will help make the process of updating contracts and building new ones. When issues are found in the contracts, features such as the ability to copy and paste, add graphs and search diagrams makes the process easier. Each change will also be time-stamped with the dates each document was generated or signed. This can be a huge help when legal disputes arise.
B2B Sales
Contract agreements have always been the slowest part of any deal-making arrangement. The use of contract management software can help speed up the process in a safe, encrypted manner. The deals made will be done securely through the software instead of through third-party email applications which may be compromised. The reporting tools included in each software will also help identify areas of the process which are slowing it down. The tools can help report the statistics of macro sales.
Construction
Construction companies deal with a lot of complex processes to successfully complete a project. Aside from the actual building of a project, there are typically numerous multi-party contracts to deal with. This can get complicated quickly. For a contract to be legal, all parties have to agree to all terms and conditions. Contract management software allows huge, complex contracts to get done with ease. Construction contracts also come with deadlines and fees which require accurate updating and tracking.
Property Management And Real Estate
Real estate professionals often deal with long and complicated contracts on a daily basis. This can be overwhelming for even the most seasoned professionals. Contracts printed on paper can add up to stacks and stacks of paperwork. Because of this, it can be difficult to be efficient and editing documents can be time-consuming. Contract management software can make organizing countless contracts simple. An added benefit of storing the contracts in the cloud is they will be safe from tampering, fire or other disasters.
How To Compare Different Contract Management Software Suites
While searching for contract management software to implement, it is important to consider the needs of your business. Some software systems offer both internal and external partners. If security is of the utmost importance, options can be changed to allow only certain documents to be accessed by external parties.
Sending private information or contracts through email can be risky, especially if it is a third-party email provider. They may also limit the number of users for each account. Companies which produce countless contracts that are similar can find a software which offers the ability to save templates for easy contract drafting. These base templates can give you notifications when pertinent information is missing.
While searching, it is also crucial to keep the industry's regulations concerning contract drafting in mind. Most contract software makers design their products with specific federal or international regulations at heart. However, it is best to check before purchasing contract software.
Benefits Of Implementing Contract Lifecycle Management Systems
- Increased Efficiency - With a CLM software implemented, team members have the ability to search for vendor contracts quickly without the need for multiple screens being opened. All contacts can be organized and stored in one, convenient place on premises or in the cloud. Contacts can easily be located by search terms such as name, phone number or other keywords.
- Reduced Risk - The software can lessen the risk of misplacing contracts, missing deadlines or failing to meet compliance standards. The automation and reporting features allow team members to evaluate their contracts for errors before finalizing. Cloud solutions offer dedicated access, encryption and permission options that may be used to give access to authorized team members only.
- Save Time And Money - In any industry, time is money. Using contract lifestyle management software helps any team to effectively increase their efficiency and save time and money. The boost in productivity and efficiency will make the investment and implementation of software worth the purchase.
Things To Consider When Purchasing Contract Management Software
The perfect software for a specific organization will be dependent on a variety of factors including the size and needs of their contract development process. Take into consideration the following types of buyers:
- Smaller To Midsize Businesses - These businesses usually have up to 100 employees and will focus on specific areas of operation. These companies may be best suited with a software that specializes in contract creation and storage. Smaller companies typically work on thin profit margins. The ability to bring in recurrent cash flow will be dependent on renewing contracts with ease. Contract storage can always be an issue, especially with old storage systems like file cabinets. Using CLM software with basic features will best meet the needs of this size of business.
- Larger Enterprises - Bigger corporations usually operate in multiple areas and have employees across different locations. For these types of businesses, organization and coordination are crucial. Large enterprises need to consider software that offers the ability to choose the modules they need. For example, organizations which draft contracts needing collaboration from multiple internal and external parties may need modules that help to automate much of the approval process. Features such as milestone tracking, automated alerts and other CRM solutions may be added.
Picking The Right Contract Management Software
For those that need help choosing the right software, use the product selection tool to find more reviews and information about specific software choices including sales, e-signature tools and contract management options.