What is a Contract Management Software?
Contract Management Software allows businesses to manage the creation, negotiation, renewal, signature, and data analysis of contracts. It allows businesses to self-serve and manages routine contracts from one unified workspace. It covers every stage for which a legal document is relevant to a business. Contract Management Software enables users to create, edit, track critical dates and contracts’ deadlines. It also allows users to create templates as per their business’s requirements.
Contract Management Software allows businesses to work on the same document, either on Google Doc or on Word online. It enables users to send links easily to teams in different locations by email and allow users to specify the individual or group who need to sign off on a document before using it.
Features of Contract Management Software
List of Contract Management Software
When you start looking for the best contract management software, it is easy to get overwhelmed with the list of options available. Here is the handpicked list of contract management software to choose as per your requirement:
1. Icertis
Icertis is a cloud-based contract management software that allows businesses to manage all stages of a contract’s lifecycle. It includes contract drafting, approval workflow, auto extraction, milestone tracking, etc. Icertis contract management software enables users to monitor contractual risk, contractual performance and manage negotiation. It also allows users to track transactions to enforce contract terms across order-to-cash and procure-to-pay processes.
Key Features:
- It integrates with third-party applications such as DocuSign, Adobe Sign, Cloudmoyo, etc
- Icertis is also available in 40+ languages and 90+ countries
- It provides support via email, phone, and other online measures
- Icertis provides a mobile app for iOS and Android
To know more about Icertis Contract Management Software features and product options, click here to continue.
2. Trackado
Trackado is a cloud-based contract management software suitable for businesses of all sizes. It includes workflow management, activity logs, built-in templates, automated reminders, data backups, and single sign-on. Trackado contract management software allows users to streamline the entire contract lifecycle, from securely storing contracts to reviewing financial terms and payments.
Trackado enables users to create and assign tasks to team members for contract renewals, termination, etc. It also allows users to view, organize, and quickly retrieve contracts using filters by departments, categories, business partners, etc.
Key Features:
- It integrates with third-party applications, such as Dropbox, Google Drive, OneDrive, etc
- It also allows users to download data to work in Excel
- It provides support via email, phone, and other online measures
- Trackado is available on a monthly and annual subscription
To know more about Trackado Contract Management Software features and product options, click here to continue.
3. ContractPodAi
ContractPodAi is a cloud-based contract management software designed for businesses of all sizes. It covers all contract processes, such as contract generation, signing, configures, and automate contract. ContractPodAi software allows users to track key metrics in real-time and can use pre-built or self-built reports for full visibility over any contract process. It automatically reviews and tracks changes across contracts, allowing users to accept, reject, and create different contracts.
Key Features:
- It integrates with third-party applications, such as Azure DocuSign, Microsoft Outlook, Salesforce, etc
- It enables users to use the in-built template library
- Its search functionality allows users to retrieve relevant information from the repository quickly
- It also provides electronic signing capabilities
To know more about ContractPodAi Management Software features and product options, click here to continue.
4. ContractNow
ContractNow is a cloud-based contract management software suitable for businesses of all sizes. It allows users to centralize contracts and identity contractual risks by analyzing essential requirements and executing new contracts with e-signatures. ContractNow software enables users to upload PDF or scanned documents and automatically extract critical information to generate a new contract. It also allows users to store and filter contracts based on clauses, file names, parties involved, etc.
Key Features:
- Its search functionality enables users to retrieve relevant information from the repository
- Its e-signatures are compliant with ESIGN, UETA, and EIDAS standards
- It also allows users to ensure that contracts will get signed from anywhere at any time
- It allows users to set automatic reminders for contract renewals
To know more about ContractNow Management Software features and product options, click here to continue.
5. Contractbook
Contractbook is a cloud-based contract management software designed for businesses of all sizes. It includes configurable document approval, milestone tracking, templates, etc. It provides in-built templates that allow users to create contracts and share to single or multiple recipients with legally binding digital signatures. Contractbook software enables users to view their contracts and keep track of which recipients signed contracts.
Contractbook integrates with third-party applications such as HubSpot, Salesforce, Google Drive, Dropbox, etc. It also enables users to keep track of renewals, automate notifications for deadlines, and renegotiate expiring contracts.
Key Features:
- It allows users to store completed and pending contracts in the cloud
- It provides support via email, phone, and live chat
- Contractbook also provides SSL encryption technology
- It is available on a monthly subscription
To know more about Contractbook Management Software features and product options, click here to continue.
6. Concord
Concord is a cloud-based contract management software suitable for businesses of all sizes. It allows users to create new contracts and keep track of existing contracts. Concord contract management software enables users to edit contracts and can secure contracts with the system’s e-signature functionality. It also allows users to track multi-step contract approvals and automate their processes, such as e-signature deadlines and renewal alerts. Every time an edit is done in the contract, a new version is created, and a time-stamped record is captured in the audit trail.
Key Features:
- It provides a clear record of the evolution of a document and allows users to keep track of who made specific changes
- It also allows users to send bulk notifications
- It integrates with third-party applications, such as Dropbox, Salesforce, Google Drive, etc
- It provides unlimited storage in the cloud to store contracts
To know more about Concord Contract Management Software features and product options, click here to continue.
7. Coupa Contract
Coupa Contract is a cloud-based contract management software suitable for businesses of all sizes. It streamlines the entire contract lifecycle, such as review, negotiation, approval, renewal, etc. Coupa Contract management software provides in-built templates that allow users to create custom contracts with external and internal regulatory standards. It also enables users to store contracts in a repository and provides role-based permissions to facilitate authorized access.
Key Features:
- It also enables users to set reminders, such as email invites, expiration alerts, etc
- Coupa Contract is available on a monthly subscription
- It provides support via email, FAQs, and other online measures
- It integrates with DocuSign for e-signatures
To know more about Coupa Contract Management Software features and product options, click here to continue.
8. Conga Contracts
Conga Contracts is a contract management software that allows businesses to generate, track, and maintain contracts. It enables users to automate different steps, such as negotiation, alert reminders, approval, and renewal. Conga Contracts management software allows users to track and discuss changes made during the negotiation process. It provides a centralized dashboard that displays real-time custom data and statistics. It also integrates with third-party applications such as DocuSign, Adobe Sign, Salesforce, etc.
Key Features:
- It provides configurable templates and supports e-signatures
- It also provides a mobile app for iOS, Android, and Blackberry
- It provides support via email, phone, and other online measures
- It can be deployed on-premise and in the cloud
To know more about Conga Contracts Management Software features and product options, click here to continue.
9. LinkSquares
LinkSquares is a contract management software suitable for businesses of all sizes. It includes extracting data, analyzing keywords, classifying contracts, etc. Its built-in clause library allows users to create, store, and search for contract clauses based on requirements. LinkSquares contract management software also provides optical character recognition (OCR) technology that enables users to convert scanned PDF documents into searchable text format.
Key Features:
- It allows users to set automatic email reminders about renewal dates, expiration dates, etc
- It provides support via email, phone, and documentation
- It integrates with third-party applications such as SalesForce, SharePoint, etc
- LinkSquares is available on a monthly subscription
To know more about LinkSquares Contract Management Software features and product options, click here to continue.
10. Outlaw
Outlaw is a cloud-based contract management software suitable for businesses of all sizes. It includes a central contract repository, cloud-based redlining, contract approval, etc. It allows users to manage the contract lifecycle, such as contract generation, negotiation, execution, etc. Outlaw contract management software provides audit tracking features that enable users to discuss, make, and track real-time changes. It also provides cloud storage that allows users to store contracts.
Key Features:
- It integrates with third-party applications, such as Salesforce, Hubspot, DocuSign, etc
- It also allows multiple parties to negotiate collaboratively
- It enables users to transform existing contracts into reusable templates
- It provides support via email, phone, and live chat
To know more about Outlaw Contract Management Software features and product options, click here to continue.
11. Ironclad
Ironclad is a cloud-based contract management software suitable for businesses of all sizes. It includes an audit trail, red-line previewing, searchable contract records, automated signatures, etc. It allows users to create, automate, and manage contracts. Ironclad contract management software enables users to customize templates to create contracts quickly. It also allows users to streamline the signing of contracts and store them automatically.
Ironclad allows users to review legal contracts anonymously, collaborate before approval, and manage audit trails to track revisions. It also provides a contract repository with automated naming and storage functionality that enables users to organize and control information.
Key Features:
- Its search functionality allows users to locate data for business analytics and report
- It provides support via email and other online measures
- It integrates with third-party applications such as Salesforce, DocuSign, Google Drive, etc
- It is available on a monthly subscription
To know more about Ironclad Contract Management Software features and product options, click here to continue.
12. Intelligentcontract
Intelligentcontract is a cloud-based contract management software suitable for businesses of all sizes. It includes risk management, renewals, reporting, customization, etc. It allows users to create recurring alerts and upload documents for each contract. Intelligentcontract management software provides optical character recognition (OCR) that enables users to convert scanned documents into searchable text format.
Intelligentcontract allows users to add custom fields to capture data specific to an organization. It enables users to set reminders such as renewal dates, expiration dates, etc. It also offers a free trial.
Key Features:
- It integrates with Adobe Sign for e-signatures
- It also allows users to customize contracts with logos
- It is available on a monthly and annual subscription
- It provides support via email, phone, and live chat
To know more about Intelligentcontract Management Software features and product options, click here to continue.
13. Contract Eagle
Contract Eagle is a contract management software suitable for businesses of all sizes, such as banking, pharmaceuticals, agriculture, and aviation. It allows users to manage the contract lifecycle by centralizing, optimizing, and monitoring contracts. Contract Eagle software enables users to send reminders for important contract dates such as renewal dates, expiration dates, etc. It also allows users to store multiple versions of contracts, which can be pulled for initiating price negotiations.
Key Features:
- Its search functionality enables users to search by keyword, contract type, approval status, etc
- It also allows users to export reports in PDF and Excel formats
- It provides security, such as single-sign-on via the active directory and role-based permissions
- It can be deployed on-premise and in the cloud
To know more about Contract Eagle Management Software features and product options, click here to continue.
14. ContraxAware
ContraxAware is a cloud-based contract management software suitable for businesses of all sizes. It allows users to create, edit, store, approve, renew, and sign contracts. It includes custom search electronic signatures, email notifications, audit trails, etc. ContraxAware software provides an in-built templates library that enables users to upload documents to generate and approve contracts.
ContraxAware allows users to search and filter by group, usernames, dates, etc. It enables users to create custom reports and analyze information. It also allows users to set alerts or notifications for expiration dates and automate approvals for e-signatures.
Key Features:
- It provides support via email, phone, and other online measures
- It also offers a free trial version
- It is available on a monthly subscription
- It integrates with DocuSign for e-signatures
To know more about ContraxAware Contract Management Software features and product options, click here to continue.
15. ContractWorks
ContractWorks is a contract management software designed for businesses of all sizes. It allows users to create, manage, and track contracts. It provides a built-in electronic signature to expedite the contract signature process. ContractWorks software provides customizable reporting functionality for insight into a company’s contract portfolio.
ContractWorks enables users to set alerts or notifications for renewal dates, expiration dates, etc. It also provides OCR functionality and custom tagging of a document that allows users to filter based on documents and data points.
Key Features:
- It allows users to set a role permission-based and determine access accordingly
- It enables users to export all summaries as CSV files
- It provides support via email and other online measures
- It is available on a monthly subscription
To know more about ContractWorks Management Software features and product options, click here to continue.
16. Precisely
Precisely is a cloud-based contract management software suitable for businesses of all sizes. It helps the users to be more self-sufficient while keeping them within the legal department’s pre-approved guidelines. It allows users to create contracts through self-service document approvals and enforced workflows. Precisely contract management software also allows users to execute contracts with e-signatures functionality.
Precisely allows users to set access for end-users, allowing them to change contract terms and track document status, such as pending approvals, expiration dates, etc. It also provides a Uniform Electronic Transactions Act (UETA) and the Electronic Identification Authentication Trust Services (EIDAS).
Key Features:
- It provides support via email and other online measures
- It also enables users to store documents in a cloud-based repository
- It allows users to retrieve relevant contracts from the repository in real-time
- It is available on a monthly and annual subscription
To know more about Precisely Contract Management Software features and product options, click here to continue.
17. ContractRoom
ContractRoom is a contract management software designed for businesses of all sizes. It allows users to collaborate on the paperwork and execute the contract, and users can place signatures on documents electronically. ContractRoom software enables users to generate analytical reports about the post and prior agreement statistics and can share within your organization or with external partners. It also allows users to automate assigning tasks and creating timelines for the tasks.
Key Features:
- It provides cloud storage that allows users to store contracts
- It allows users to import and capture data from agreements made offline
- It integrates with third-party applications such as Gmail and Outlook
- It is also compatible with Windows, Mac, iOS and Android
To know more about ContractRoom Management Software features and product options, click here to continue.
18. Agiloft
Agiloft is a contract management software suitable for businesses of all sizes. It allows users to create, manage, and store all sorts of documents and contracts. Agiloft contract management software improves efficiency by automating the contract lifecycle, such as creation, approval, signing, and renewal. It enables users to track every record change, such as login and internal and external audits. It also integrates with DocuSign for e-signature capabilities.
Key Features:
- It provides in-built templates, a repository, a clause library, compliance safeguards, etc
- It provides support via email and other online measures
- It is also fully audited compliant with support for SOX, HIPAA, and CFR21
- It can be deployed on-premise and in the cloud
To know more about Agiloft Contract Management Software features and product options, click here to continue.
19. Contract Logix
Contract Logix is a cloud-based contract management software designed for businesses of all sizes. It includes a repository, alerts for important dates, contract authoring via clause and template libraries, contract requests & submissions, audit logs to ensure compliance, etc. Contract Logix software allows users to automate and streamline contract processes while minimizing risk, increasing compliance, etc. It also enables users to set alerts or notifications of important dates, such as renewal and expiration dates.
Key Features:
- It enables users to implement role-based security and determine the level of access
- It provides support via email, phone, and other online measures
- It allows users to migrate data and information from spreadsheets
- It is available in two options – Express CMS and Premium CMS
To know more about Contract Logix Management Software features and product options, click here to continue.
20. Aavenir Contract
Aavenir Contract is a cloud-based contract management software suitable for businesses of all sizes. It allows users to manage contract authoring, negotiations, signatures, and renewals using artificial intelligence (AI). Aavenir contract management software enables users to create contracts in multiple languages using in-built templates. It also allows users to secure workflows using single-sign-on (SSO) functionality.
Key Features:
- It allows users to extract terms, clauses, and obligations from third-party contracts
- Aavenir is available on a monthly subscription
- It provides support via email, phone, and other online measures
- It integrates with DocuSign to manage e-signatures
To know more about Aavenir Contract Management Software features and product options, click here to continue.
Conclusion
Poor contract management causes conflict between teams, resulting in missed actual dates, and organizations may find difficulty in closing deals. A key aim of Contract Management Software is to establish a system of record to decrease risk. It allows users to make smart decisions such as when to renew, what notice period should define, etc. Contract Management Software also enables users to integrate with third-party applications like Slack, G-Drive, Workday, Salesforce, etc.
