Contract Management Software
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Compare the Top Contract Management Software of 2021
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Contract Management Software Guide
Contract management software enables the creation, renewal, negotiation, signing, tracking and management of legal contracts. Compare the best Contract Management software currently available using the table below.
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1
Skribble
Skribble
Sign electronically with Skribble. Legally valid worldwide, securely hosted in Switzerland. Frequently used for: Employment contracts, Sales contracts, Annual financial statements. The easiest way to legally sign documents, with or without formal requirements. Upload documents. Upload the PDF document directly via browser or use Skribble via API from your business software. Invite signers. Invite internal and external signatories by e-mail and select the e-signature standard to be used for signing. Sign at the push of a button. Sign legally valid in accordance with EU and Swiss law within seconds, regardless of location, on your smartphone or computer. Sign with Skribble and save 90% compared to signing on paper. Use the potential of seamless digital processes. Get contracts signed faster. Within seconds, all parties can access the most current version of the contract and sign it with just a few clicks.
Starting Price: 79 € per month -
2
DiliTrust Governance
DiliTrust
A Leading SaaS Solution Designed to Improve all Corporate and Legal Activities. Choose the DiliTrust Governance suite for all your operational efficiency. Our software securely manages your confidential information by allowing you to set the data access of each team member. You remain completely in control of your data.
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3
ContractSafe
ContractSafe
ContractSafe is a leading cloud-based contract management solution for businesses that want to better organize signed contracts and avoid missing key dates without spending a lot of time or money. 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. No implementation or configuration means companies will be up and running right away.
Starting Price: $99.00/month -
4
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 -
5
CINCEL
CINCEL
Signature software easy, legal and safe. Unlimited digital signature. With legal validity (NOM151). For any industry. With autograph signature and e. Signature. Each certified document becomes a digital record attributable to trials. It allows signing with the autograph signature (with certificate). It allows signing contracts with e. Signature of the SAT (with certificate). Administration, access and general status of the plan. Organization of folders and contracts. User management by permission levels. Signatories, documents, comments and history. Invite all your clients and users to sign. Record the speed and depth of each signature. Verification of identity and location of the signer. Automatic verification of the validity of the SAT signature. Proof of Data Conservation of each document for 10 years (NOM 151). Atomic date and time registration of each signature in certified document. End-to-end encrypted documents (E2EE).
Starting Price: $20 per user, per month -
6
Odoo
Odoo
Odoo is a fully integrated, customizable, open-source software packed with hundreds of expertly designed business applications. Odoo’s intuitive database is able to meet a majority of business needs, such as: CRM, Sales, Project, Manufacturing, Inventory, and Accounting, just to name a few. Odoo is an all-in-one software solution designed to meet the needs of companies, regardless of their size (or budget). The unbeatable, seamless nature of Odoo helps businesses become more efficient by reducing redundant manual processes, which helps companies save countless hours of labor. Every module is interconnected to provide a fully-integrated experience from app to app, and users can automate many processes that would’ve otherwise required manual inputs into multiple applications. Odoo keeps all business functions in one place, allowing teams to collaborate with other departments from one unified platform in the most efficient way possible.
Starting Price: $12.00/month/user -
7
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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8
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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9
BlueSnap Accounts Receivable Automation
Armatic
BlueSnap's All-in-One Accounts Receivable Automation solution, formerly 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.
Starting Price: $35/user/month -
10
Dolibarr
Dolibarr
Open Source ERP & CRM for business. One web suite to manage your business. • Enable only the feature you expect : Whatever your needs (customer relationship, sales, human resources, logistic, stock, invoicing, accounting, manufacturing, marketing, foundation management, surveys, ...), you can setup the application to match your need, and only your need... See features • No more double entry in your Information System : Integration between the features / modules is ready "in-the-box". Users are immediately ready to work, even without customization. • Upgrade at any time : The upgrades of new versions are integrated by design into the development process. So you can upgrade at any time to the latest version, whatever is your current version, without losing any data. Users always benefits the latest features and innovations. • A customizable and extensible application: The market place is open to everybody to centralize several hundreds of external add-ons done to enhance the app.
Starting Price: $0 -
11
SMART Software
SMART
Field service management software for every industry. From streamlining routes to in-depth reporting and analysis, SMART Software is with you side by side to help your service company thrive and expand. Our top-notch software support team constantly proves itself to be the best in the business and includes on-site training. Streamline your operations while keeping all of your important customer and business data in one place. Our inventory management, equipment tracking, time management, and reporting boosts your bottom line. Keep track of all aspects of Service Issues, from ticketing and technician routing to inventory control and vehicle maintenance. We forecast vault cash differently than any processor or ATM software on the market. Our customers are returning 20% of their vault cash using ATM SMART. SMART includes a fully integrated, powerful, and successful CRM solution to manage the relationships with your customers, vendors, and sales prospects.
Starting Price: $74.99 -
12
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 -
13
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 -
14
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 -
15
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 -
16
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 -
17
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 -
18
Intellect
Intellect
Intellect's QMS software is proven to enhance quality operations and reduce overall quality costs by 40%. Our apps are designed by certified quality experts and can easily be tailored with our no-code platform and drag-and-drop technology to fit your exact business needs. Give your team remote access, mobile apps, dynamic workflow, analytics and reporting with a modern and easy to use solution. Apps include Document Control, Employee Training, Audit Management, CAPA, Nonconformance, and more.
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19
Fluix
Readdle
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 -
20
Revv
Revv
Revv gives businesses the speed and brand consistency in their documents to stand out from competitors. It’s the ideal wingman, supporting entrepreneurs in their dream of running a business, one document at a time. The intuitive user interface and 1000+ vetted, pre-formatted templates, encourage users to be self powered, requiring no code or special skills to set up and manage. Documents are smartly organized, created, reviewed, shared & eSigned in one central place so that you can focus on your job. Use Revv’s machine learning abilities to competently navigate and analyze complex counter-party documents and reduce dependency on experts. Integrate with business systems such as CRM and payments via Zapier or simply connect to Google sheets to import data into documents. Key features 1000+ ready to use, pre-formatted templates Easy to use document editor Smart document repository with support for attachments Integrate apps via Zapier, native APIs Get documents filled & eSigned
Starting Price: Free -
21
Nintex
Nintex
Enterprise organizations around the world leverage the Nintex Platform every day to quickly and easily manage, automate and optimize their business processes. Nintex Platform includes capabilities for process mapping, workflow automation, document generation, forms, mobile apps, process intelligence and more, all with an easy to use drag and drop designer. Accelerate your organization’s digital transformation journey with the next generation of Nintex Workflow Cloud. Put The Power of Process™ into the hands of your ops, IT, process professionals, business analysts, and power users. Start digitizing forms, workflows, and more today. The Nintex Process Platform is the most complete platform for process management and automation. Nintex makes it fast and easy to manage, automate, and optimize your business processes.
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22
EASY CONTRACT
EASY SOFTWARE
EASY SOFTWARE is a United States software company that was founded in 1990, and offers a software title called EASY CONTRACT. EASY CONTRACT offers training via documentation, webinars, and in person sessions. EASY CONTRACT offers a free trial. EASY CONTRACT is contract management software, and includes features such as buy side (suppliers), completion tracking, full text search, government contracts, sell side (customers), specialty contracts, version control, electronic signature, contract lifecycle management, pre-built templates, workflow management, and compliance tracking. With regards to system requirements, EASY CONTRACT is available as SaaS, and Windows software. Costs start at $9000.00/one-time. EASY CONTRACT includes 24/7 live support. Some alternative products to EASY CONTRACT include EasyBOP, Ironclad, and Contract Genius.
Starting Price: $9000.00/one-time -
23
App4Legal
App4Legal
App4Legal is a comprehensive Legal Practice Management Solution addressing the entire market of legal practitioners, in law firms and in-house legal departments. One solution that enables law firms and other businesses in the legal industry to manage legal matters, tasks, contracts, deadlines, clients, documents, hearings, time logs, expenses, financial records, and much more. App4Legal supports multiple languages & multiple currencies. It is available on-cloud, Private SaaS & on-server (on-premises). App4Legal’s Mobile App app for iPhone, iPad and Android allows teams to carry out client interactions, document management, billable hours tracking, case management and more, from anywhere. The mobile app also offers push notifications and messaging tools to help users stay connected. App4Legal is one solution that replaces all tools used by legal professionals; it is modular, easy to use, and addresses the entire market, with clients in 67+ countries of all sizes.
Starting Price: $19.00/month/user -
24
Legalesign
Legalesign
Legalesign is UK-based enterprise software to send, sign and manage contracts online. Companies use Legalesign to gain significant productivity and financial benefits, increase their customers' satisfaction by removing the need for a printer and enabling them to sign from anywhere and, last but not least, relieve the burden of tiresome paperwork upon long suffering staff everywhere.
Starting Price: £6.00 ($9.00) -
25
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
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 lifecycle 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:
- Small 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.