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Contract Management Software

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M-Files logo

Document Management Platform

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Streamline contracts from creation to close with M-Files. Intelligent metadata keeps them organized & searchable. Automate workflows, enforce access controls, & simplify audits. Build stronger relationships & minimize risk.

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PandaDoc logo

Create, edit, track, and eSign documents quickly and easily

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Save time and reduce errors during your contract management process with PandaDoc.

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CobbleStone Contract Insight logo

Managing contracts just got easier!

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CobbleStone provides industry-leading contract management software with a one-stop, intelligent contract solution.

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Gatekeeper logo

Contract Management Simplified

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Contract & Supplier Management in the Cloud. Clear oversight of all your contracts, spend, risks & key dates. Reduces costs dramatically with better visibility.

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Agiloft logo

Agile Contract Management that works the way you do

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5-Time winner of PC Magazine "Editors' Choice Award" and Spend Matters "Value Award", Agiloft is heralded as "the most customizable contract management system on the market". Our agile technology makes it easy to setup and use. It is fully audit compliant with support for HIPAA, SOX, and CFR21.

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CMPRO logo

Manage engineering, inventory, configuration, & product data

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Cloud based PLM solution streamlines business processes while centralizing enterprise data management

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ContractNow logo

Contract negotiation, consolidation, and renewal management

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ContractNow is a cloud-based contract management solution. Manage renewals, save costs, reduce risk, search clause data and understand all your contract obligations in one place. It’s currently offered completely free of charge until 1st September 2020.

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Zeal logo

Using AI to help automate the contract management process

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Zeal’s collaborative CLM system empowers companies to easily automate contract functions, gain better insights into contract data and enhance compliance while increasing deal flow.

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Formstack Suite logo

Workflow automation platform

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Formstack is a workflow automation tool that combines data collection, document generation, and eSignature to automate manual processes.

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Bloomberg Law Contract Solutions logo

Contract management solution for attorneys & in-house teams

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Bloomberg Law Contract Solutions is a contract management solution designed for in-house attorneys to streamline the contract workflow process. The platform enables legal teams to store, manage, draft, negotiate, and analyze contracts in a centralized and secure environment.

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OpenGov Procurement logo

End-to-end government procurement software

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OpenGov Procurement is a cloud-based public procurement software, automating solicitation development, supplier engagement, evaluations, and contract management.

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EZLynx logo

Your most productive employee.

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With EZLynx®’s software for new and growing insurance agencies, we provide your business with an all-in-one platform that integrates your comparative rater, agency management system, reporting, customer portal, and more to make managing your policies easier.

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Evisort logo

Cloud-based AI-enabled contract management software

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Evisort is an artificial intelligence (AI)-enabled contract management software designed to help legal, procurement, and sales departments across businesses create, approve, store, extract, organize, classify, and track contracts on a centralized platform.

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Jotform Sign logo

Powerful Forms Get It Done

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Jotform Sign is the automated e-signature experience designed to streamline your workflow. With field detection, an intuitive builder, and integrations with great automation tools, Jotform Sign is the most efficient way to collect e-signatures.

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R3 Contract Management logo

To meet the unique needs of Federal Government Contractors

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R3 Contract Management is a centralized contract management system for small to mid-size Federal Government Contractors.

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Project management software for serious construction teams.

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ProjectTeam is a project management solution for construction teams of all sizes designed to increase communication, track changes, and improve workflow. ProjectTeam’s key features include file management, issue tracking, access control tools, as well as real-time reporting.

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Procurify logo

One easy-to-use platform for control over all business spend

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Procurify’s easy-to-use Intelligent Spend Management platform provides hundreds of organizations worldwide with real-time visibility and control over all business spend.

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Conga Contracts logo

Automate and simplify contract management in Salesforce

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Conga empowers you to tackle and manage contracting processes with ease. If you’re just dipping your toes into contracting or want to improve a mature contract process, Conga has you covered. Our contract solutions help you to develop faster cycle times, to lower risk, and to make happier customers.

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ASC Contracts logo

Contract Lifecycle Management

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ASC Contracts automates & simplifies the complete contract lifecycle from authoring, negotiation, approval & execution through amendments, renewals & reporting.

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Lextree logo

Protect Every Branch of Your Business with Lextree.

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Achieve better contract management: streamline workflow, track contract requirements, manage documents, and analyze your contract portfolio.

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Ironclad logo

Contract management and workflow automation platform

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Ironclad is a cloud-based contract management and workflow automation platform for creating, automating, and tracking contracts of any type. The software includes a workflow engine, audit trail, automated approval notifications and reminders, CRM and e-signature integrations, and more.

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Juro logo

Create, execute and manage contracts 10x faster with AI.

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The AI-enabled contract automation platform enabling legal & business teams to create, execute & manage contracts faster than ever.

The end-to-end platform powers the entire contract lifecycle from initiation through to renewal all within a secure, browser-native environment.

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Formstack Documents logo

Document generation tool for teams

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Formstack Documents is a web-based document creation tool for teams that provides features such as customizable document templates, auto-generated forms, advanced data routing, document storage, and more. It allows businesses to transform their data into custom, branded documents.

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Lucernex logo

A comprehensive real estate management solution

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Lucernex from Accruent is a comprehensive real estate management solution that supports the full real estate lifecycle from site planning to construction to lease administration.

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Quickbase logo

No-code collaborative work and project management platform.

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Quickbase is a secure, compliant and easily governed platform that enables you to track and manage everything you need for your contracts. Gain transparency, improve the resiliency of your supply chain, make better decisions, and increase efficiency by unlocking data stuck in your core systems.

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Here's what we'll cover:

Buyers Guide

Contract Management

Contract management software helps businesses streamline and speed-up the execution of administrative tasks such as contract request management, document authoring, contract creation, and negotiation. The software offers a centralized visibility of contract status. It also lets users co-author contract terms and monitor contract milestones such as contract expiration and review dates.

Here's what we’ll cover:

What is contract management software?

Contract management software is software that allows businesses to store and manage legal documents, such as vendor contracts, leases, and license agreements, through the creation, review, and approval process. The software lets users seal contracts using digital signatures and track the contracts post execution. It also alerts users about critical dates such as contract renewal or expiry.

What are the different types of contract management software?

The first step to purchasing software is to decide whether you want to invest in a self-serving tool or a traditional tool. Here’s a breakdown of the two options:

  • Traditional contract management software: This system offers basic contract management features such as contract creation, customized templates, alerts, and notifications.

  • Self-service contract management software: This software offers users certain advanced capabilities such as no-touch contract creation that allows it to connect with CRM, sourcing, and procurement systems. The software auto-builds contracts based on the defined business rules.

Key question to ask your vendor before you buy: Does your solution meet my business needs?

What deployment options exist for contract management software?

Vendors typically offer their products via two main deployment methods.

GetApp’s website emphasizes cloud-based deployment, because tools deployed via this method typically come with lower up-front costs, faster implementation time, and automatic updates; they also better support remote use, scale more easily, and minimize the need for IT staff and real estate. But you’ll want to have a high-level understanding of each method.

Here are the deployment options for deploying contract management software in your business:

Cloud-based: This type of software allows users to access their contracts remotely from any computer and location as the data is stored in the cloud.

On-premises: This software type is deployed on computers within the premise of the organization. Therefore, the stored data can only be accessed using local computers.

Hybrid: This deployment option means that the software is deployed both on the cloud and on-premise. However, hybrid solutions are generally costlier than the other two options.

Key question to ask your vendor before you buy: What are the subscription costs per month per user? Do these charges include installation fees as well?

What are some common features of contract management software?

Now, let’s delve into the key features of a contract management solution:

Contract drafting: Lets users draft contracts using a user-friendly drag-and-drop interface for contract creation and editing. Users can choose from the pre-approved standardized content and templates for the contracts or customize new ones as per their needs. They can edit contracts, save multiple versions of the contracts, search through the repository at any time, and regulate access to the documents.

Contract Edit in Concord

Contract editing in Concord

Document management: Allows users to collect, upload, store, and share all documents in a centralized location.

Compliance check: Allows users to set compliance benchmarks and automate the process of compliance checks for all the contracts. The software alerts them in case of any deviations.

Management of legal and compliance in Symfact

Management of legal and compliance clauses in Symfact

Alerts and notifications: Lets users schedule reminders and trigger alerts about important events in a contract lifecycle such as contract expiry date, due payments, approvals, vendor evaluation, and renewal dates.

Alerts and notifications in Concord

Alerts and notifications in Concord

Key question to ask your vendor before you buy: What are the core features offered in your basic plan for small businesses?

What are some important contract management software integrations?

Your contract management solution should integrate with the business applications that you currently use. Here are some of the integrations that would be useful to you:

  • Enterprise resource planning (ERP) and accounting integration: Your contract management system should integrate with your ERP and accounting solutions. This would ensure accuracy and efficiency in financial data and forecasting.

  • Customer relationship management (CRM) integration: Your contract management system should integrate with your CRM solution so that contact records are updated with contract details as well. This would allow you to craft targeted communication for each kind of customer such as a new one, a repeat customers, or even “dead” customers (i.e., those who have been inactive for a long time). This will help you to keep the data in a central location.

  • Configure-price-quote (CPQ) integration: Your contract management software should seamlessly integrate with your CPQ system. This would help you keep customer quotes and contracts in a centralized place so that this information can be used to execute each of these aspects.

Key question to ask your vendor before you buy: What are the other software integrations you offer that are beneficial for small businesses?

Here’s a trend that you should focus on to avoid getting outcompeted:

AI and machine learning: Artificial intelligence (AI) and machine learning enhance employee performance by making them more efficient and productive. In case of contract management, AI can be used to prompt users into using stock phrases and clauses. Meanwhile, machine learning can make the software smarter by incorporating all the used clauses.

But before implementing this technology, businesses need to identify and pre-define the phrases and clauses for contracts. About 53 percent of small and midsize businesses are using, or plan to use, AI technology by 2020-2021. Based on this trend, businesses that don’t adopt this technology will likely be outcompeted.

Key questions to ask your vendor before you buy: Do you plan to integrate AI and machine learning in your software in the future?

Back to contract management software directory

*Note: The applications selected in this article are examples to show a feature in context, and are not intended as endorsements or recommendations, obtained from sources believed to be reliable at the time of publication.

Research methodology

We referenced the following documents while creating this guide: