Contract Management Software

Get the best contract management software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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ContractWorks Screenshot
ContractWorks is an easy-to-use contract management software that provides an affordable way to quickly and reliable get a handle on your contract obligations. Manage upcoming contract deadlines and milestones; Access your documents in a centralized…
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Starting Price
$600/month
Client OS
Web
Deployment
Cloud Hosted
Contract Insight Screenshot
Contract Insight is an enterprise contract management software from Cobblestone Software. The solution provides next level contract management that automates and centralizes your contracts, agreements, committals, risk documents, and obligation records…
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Starting Price
$59/month/user
Client OS
Web
Deployment
Cloud Hosted
CMx ContractExperience Screenshot
CMx ContractExperience is a Contract Lifecycle Management (CLM) Software Solution that can operate in the cloud or on premise. The software will keep your business legally compliant when automation and optimizinng your contract management processes. This…
Client OS
Web
Deployment
Cloud Hosted
Juro Screenshot
Juro is a contract collaboration platform that helos your team self-serve, agree and manage routine contracts at a large scale-all with one unified solution. The contract management software provides a no-code editor that enables users to create…
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Starting Price
$450/month
Client OS
Web
Deployment
Cloud Hosted
Icertis Contract Intelligence Screenshot
The Icertis Contract Intelligence (ICI) platform is a contract management solution in the cloud. ICI’s easy-to-use, intelligent, enterprise contract management software transforms the foundation of commerce by turning contracts into valuable corporate…
Client OS
Web
Deployment
Cloud Hosted
Gatekeeper Platform Screenshot
The Gatekeeper Platform is a next-generation, AI-driven solution for all-in-one contract and supplier management. Use this solution to manage contract renewals, vendor relations, and all company processes. This software is designed for: Procurement teams…
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Starting Price
$775/month
Client OS
Web
Deployment
Cloud Hosted
Concord Screenshot
Concord lets you create, collaborate, sign and manage your contracts from one single platform. Create, edit, e-sign, and manage-all in one place; Collaborate with everyone: your teams, customers, and vendors; Work the way you want: on Concord, Word, or…
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Starting Price
$279/month
Client OS
Web
Deployment
Cloud Hosted
Symfact Screenshot
Symfact is an enterprise life cycle management software that helps save time & money, reduce risk and increases compliance in your contract management needs. The complete integrated suite of products handle all contract and compliance requirements your…
Client OS
Mac, Web, Windows
Deployment
Cloud Hosted
Agiloft Screenshot
Agiloft is a contract lifecycle management software that helps your sales team avoid chasing down contract approvals, analyzes and monitors vendor obligations, automates compliance while reducing risk, and integrate with your existing enterprise systems…
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Starting Price
$65/month/user
Client OS
Web
Deployment
Cloud Hosted
Axxerion Screenshot
Axxerion is an easy-to-use and highly configurable CLM system. The software helps your business centralize contract storage, enforce compliance, and streamline the entire contract lifecycle. Contract Request Management; Central Contract and Document…
Client OS
Web, iOS, Android
Deployment
Cloud Hosted

We searched and searched, but we couldn’t find any products in our database that match your criteria. Perhaps our team of software experts can help? They’d be happy to provide a list of free contract management software recommendations that meet your exact requirements.

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Contract Management Software Buyer’s Guide

What is Contract Management Software?

Contract management software, also known as contract lifecycle management (CLM) software, manages the creation, negotiation, signing, and renewal of legally-binding contracts, usually in a work project environment. This tool keeps track of a variety of activities that have a cost implication, which automates administration, ensures compliance, monitors risk, and helps trigger alerts to keep your business operating smoothly.

Many contract management systems offer a central repository to store all contact info–and advanced search tools allow all employees to quickly access the documents they need. Known as a specific type of document management software, contract management solutions can be used by any team that provides work on a contract basis, such as procurement, financial teams, sales teams, and more.

These solutions draft contracts with pre-determined and customizable templates. Submitted contracts sent back to your organization can easily be recorded via optical character recognition (OCR) software capabilities–streamlining your data collection processes. These tools can also help provide insight into your contract data by creating custom reports on work patterns, renewal times, and cycle times. This data can be linked with your CRM software to better improve customer relations.

ContractWorks Contract Outline Contract Management Software
Create an outline of a contract in ContractWorks from SecureDocs.

Features of Contract Management Software

  • Contract Creation and Templates: Draft and edit contracts with all required fields and clauses. Use pre-approved languages and templates that let non-legal professionals easily cover their bases. Sign contracts electronically through e-signature capabilities.
  • Contract Repository: Store contracts for the purpose of indexing, analyzing, and linking relevant documents to key contracts. Create a snapshot of the most important contract details.
  • Optical Character Recognition (OCR) and Advanced Search: Convert scanned images of text and documents into editable text formats. Usually converts PDF files into DOC files. Search your repository for specific wordings through search tools that can pick up what your scanned documents are referencing.
  • Alerts and Alert Rules: Get notified of renewals, pending obligations, provisions made to contracts, or adjustments to terms and conditions. Set up alerts based on any date field captured in the contract.
  • Reporting and Dashboards: Sort through all your contract data and create custom reports via columns you can filter and sort. Discover insights on work patterns such as renewal times, when obligations are met, and contract cycle times.
  • Approval Management: Create a contract approval process during the negotiation and review process. Handled through user selection and a routing order to improve approval workflows. Get updates when a contract moves along the workflow. Require electronic signatures at various points. Monitor redlining and collaboration via comments and chat.
  • Workflow Management: Tracks real-time progress throughout a contract lifecycle, assigns tasks to specific employees, and clearly describes project requirements within the system
Contract Insight Task List Contract Management Software
View tasks related to the contracts in your repository in Contract Insight from CobbleStone Software.

Benefits of Contract Management Software

The best contract management software will completely automated your contract process through automated workflows, expediting the contract review process via shortened approval times, and improve your preparation in the event of audits. Some of the top benefits include:

Reduce Risk and Ensure Contract Compliance

The biggest benefit a contract management system will provide your business is covering your bases surrounding contract terms, conditions, controls, and policies. Increasing contract compliance will encourage repeat business as well as standardize your processes when it comes to buying and selling, or performing your work duties for a client.

For example, when bringing on a new supplier, you’ll need to take them through an onboarding process to verify their credentials and certifications. Doing so can help better identify which suppliers to use in various scenarios, and who may pose the highest risk of interruptions to your business–such as through regulatory violations, delays in shipments, and more.

Putting a compliance framework in place will also allow for better accountability from putting out a request, creating a contract, and having it approved. This is accomplished by securely storing the terms of the contract so they can not be altered or deleted at a later point. If a business you are doing business with can perform as stated in the terms and conditions, this should demonstrate their willingness to be compliant, and thus be someone you want to continue entering into contracts with.

CMx ContractExperience Contract Management Software
View an audit trail in CMx ContractExperience.

Improve Your Document Management

Contracts at their most basic level are documents, and contract management software can be thought of as a specific type of document management software. These solutions digitally receive, maintain, and archive contracts, and allow for the storage, sharing, indexing, and versioning of a variety of types and templates. If the two types of software are one and the same, then how does contract management software improve your document management?

A contract management software with strong document management capabilities will manage storage in the event of disasters through back-ups on varying servers or different locations. This means you do not need to outsource the storage of your contracts or use manual methods such as file cabinets. A contract management solution can be thought of as an extension of a document management software–letting you not only scan documents but also import new contacts from info received from the contract via OCR technology. Version control will also let you know which employees have been accessing and editing your documents.

Gatekeeper Contract List Contract Lifecycle Management Software
Easily pull up all contracts in your database in Gatekeeper.

Lower Costs and Increase Accessibility

How does an additional software system that costs money help your organization lower operating costs in the long-run? Like any software purchase, you need to focus on the return on investment (ROI) the software can offer you. When it comes to signing contracts, your business can face penalties for payment errors or failures to stay compliant. A contract management software will help your business discover any opportunities to avoid shortcomings through contract administration.

This can be accomplished through improved automation in your contract lifecycle management process. By creating a workflow that your software can perform on it’s own, you’re freeing up resources (in the form of paid staff) to handle other tasks important to your business–reducing your overall costs spent on contract administration.

Increasing automation will also avoid common errors made in a manual contract review environment. With a centralized contract repository, finding misplaced contracts, utilizing smart search tools, or finding old negotiation details from former employee files is quicker than ever.

Concord Contract Management Software
Collaborate with your team on contract creation in real-time with Concord.

Types of Contract Management Software

There are a variety of contract management software options available for your type of business, including:

Small Business Contract Management Software

Small businesses and freelancers may want to cover their work offerings through signed agreements with their clients. However, they may think that a complete contract management software isn’t for them. This may be due to cost concerns, or the belief that they don’t have enough contracts to justify the purchase of the software. And they would be partially right.

Many business management software options may have a minor contract management functionality built into it. When creating a sales order, for example, you may be able to create specific terms that you can email to a client and have them sign off on. For small businesses looking for a feature-rich system (such as those best used by large entities), they may be better off looking into solutions that are more refined in the services they offer. Some small business options will address certain issues in the contract management process, at a much more manageable price tag than a complete contract management software.

Zoho Docs Document Management Software
A document management software such as Zoho Docs may provide all the contract management you need for your small business.

Enterprise Contract Management Software

As opposed to the small business variety, enterprise contract management software offers a complete option that covers the entirety of an organization’s commitments into a single unified system. These options offer the benefit of maximizing your companies financial performance, running routine risk audits to identify missed clauses and compliance with regulations, standardization across all contracts through templates and clause libraries, and real-time collaboration for a spread-out workforce.

An enterprise contract management system is typically used by medium to large-sized businesses that have multiple divisions and/or stringent compliance standards. These businesses may also do business in multiple countries–making compliance with regulations more important than ever.

Contract Lifecycle Management Software

While some software developers may market themselves as a “contract lifecycle management software”, you can be rest assured you are receiving the same type of offerings as a contract management software. Both options will allow you to control, coordinate, and streamline all stages of the contract lifecycle. This in turn will optimize your contract performance.

The addition of “lifecycle” to the name is more commonly found in enterprise systems. These types of solutions like to consider themselves as a solution that offers more than what a baseline contract management software offers. CFO’s and other top-level users can look for these options to optimize their procurement cycles and increase sales by more accurately forecasting revenue and improving compliance.

Contract Management Software for Healthcare

Healthcare contract management software–or medical industry contract management software–are specifically designed to be used in hospitals and health offices. These industry-specific options handle all of the complex regulations the healthcare industry faces–such as HIPAA, HITECH, and the False Claims and Joint Commission).

Common agreement types covered by healthcare contract management physician employment agreements, nondisclosure agreements, insurance and bond information, managed care agreements, and more. In addition, this specific tool will manage physician recruitment contracts, physician employment contracts, and medical directorship arrangements.

Pricing of Contract Management Software

The cost of contract management software starts at $59/user/month and can range as high as $775/month. The pricing model of contract management systems is dependent on the number of users requiring access, the number of contracts you’ll be creating and storing in the software, and the type of package required.

A simple solution for drafting and creating contract templates will be on the lower scale, while a complete enterprise contract management solution will fall on the higher end. Some software may advertise itself as $XX/user/month but have a minimum user requirement–raising the effective monthly payment.

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