Top 20 Contract Management Software in 2024

‍Many businesses still use outdated manual contract processes, causing visibility issues and data inaccuracies. Contract management software solves these problems. This article explores the top 20 contract management platforms.

Many IT managers face the challenge of efficiently managing contracts, especially when dealing with a large volume of agreements across various departments. Without the right tools, this can become a time-consuming task prone to errors and missed deadlines.

Moreover, the complexity increases when ensuring compliance with regulations and managing risks associated with contractual obligations. These challenges can overwhelm your team, causing frustration and impacting your organization's bottom line.

Therefore, it's crucial to have a system in place that organizes your contracts, automates key processes, and enhances security. That's where contract management software comes in. With the right solution, you can centralize your contracts, automate workflows, and ensure compliance—all while reducing manual effort and the risk of errors.

We'll explore the top 20 contract management software options that can help you take control of your contract processes and set your team up for success. But before exploring the list of tools, let us look at the key features of an effective contract management platform.

Key Features of an Efficient Contract Management Platform

An efficient contract management platform is essential for businesses looking to streamline their contract processes, ensure compliance, and minimize risks. Here are the key features that make a contract management platform effective:

• Centralized Repository: Maintain all contracts and related documents in one organized hub, ensuring quick and easy access whenever needed.
• Automated Workflows: Simplify the entire contract lifecycle—from creation to approval to renewal—by automating processes, minimizing manual tasks, and reducing errors.
• Template and Clause Libraries: Access a collection of pre-approved templates and clauses to standardize contract language and speed up the drafting process.
• E-signature Integration: Seamlessly connect with electronic signature platforms for fast, secure contract signing.
• Compliance and Risk Management: Ensure all contracts adhere to legal and regulatory standards while effectively managing and mitigating associated risks.
• Notifications and Alerts: Receive automated reminders for key contract milestones, including renewals, expirations, and deadlines, to stay on top of your obligations.
• Analytics and Reporting: Gain insights with advanced analytics and reporting tools to monitor contract performance, key dates, and compliance metrics.
• Security and Permissions: Protect sensitive contract data with robust security features, including role-based access controls and encryption.

Now that we know the key features of contract management tools, let's explore the 20 best contract management tools along with their key features and customer ratings.

20 Contract Management Software

Let's discuss the contract management platforms in detail.

1. Zluri

Zluri offers a contract management solution that gives you complete visibility into your organization's SaaS stack and the contracts associated with the SaaS apps. Zluri's powerful discovery engine employs nine robust methods to identify every SaaS app and their contracts within your company.

Zluri’s nine discovery methods

Among all the above-mentioned methods, finance and expense management systems help you gain contract insights. These insights include contract value, total licenses, contract payment terms, and more. This helps you manage your contract efficiently and maximize your ROI.

According to KuppingerCole's research, Zluri's contract management features assist in managing multi-year contracts, forecasting license usage, and handling true-ups and true-downs.

Now, let's learn the additional features of Zluri for managing contracts effectively.

Key Features

• Centralized Contract Management: With Zluri, you can get rid of scattered contracts and welcome a unified repository for all agreements. The platform enables users to effortlessly store, access, and manage contracts from various vendors, streamlining the entire process.
  
  In the below mentioned image,you can see consolidated contracts of an organization, helping you to have a clear visibility of contracts and make informed decisions.

• Efficient Vendor Management: Zluri simplifies vendor management by providing clear insights into vendor relationships. From contract terms to performance evaluations, the platform equips users with the tools they need to effectively oversee vendor interactions and ensure optimal outcomes.
  
  In the below mentioned image, with Zluri you can view all your organization’s vendors in one place, helping you stay updated with vendor related information.

• Seamless Management of Multiple Contract Instances: Managing multiple instances of contracts can be daunting without the right tools. Zluri simplifies this process. By using a single sign-on (SSO) system, Zluri gives you a clear view of users across departments, domains, and subdomains. This helps you manage multiple contracts easily while staying organized.empowers you to navigate this complexity with ease.
  
  

• Proactive Contract Renewal Monitoring: Zluri allows tracking SaaS renewal dates with a detailed log. This helps you negotiate better and avoid unexpected automatic renewals. This further allows you to manage renewals efficiently, preventing disruptions and maintaining seamless operational continuity.
  
  The below mentioned image shows the Zluri’s renewal calendar that helps you to optimize your SaaS spending.
  

The platform also provides you with timely notifications and alerts to ensure contracts are renewed promptly and efficiently. Zluri sends timely notifications 30 days, 15 days, and 1 day before contract expirations, as well as 7 days and 1 day before payments are due.

As you can see in the below image, Zluri’s renewal notification alerts help you stay updated with payments and contracts.

Moreover, with the help of reminders, you get the flexibility of preplanned contract negotiations or finding alternatives.

• Stay Updated on License Agreements: License agreements are critical components of IT management, and staying updated is paramount. Zluri's platform keeps you informed on the latest agreements, helping you manage compliance and reduce risks. With automated tracking, you can monitor license additions and removals throughout the year, ensuring accurate cost calculations.

Zluri also tracks "true-ups" (adding licenses during a contract) and "true-downs" (removing licenses). It automatically gathers this information from your applications. When uploading a contract, you can enable true-ups and set the time period for when they should be calculated.

• Usage Tracking and Forecasting: With Zluri, your team gains valuable insights into usage patterns and trends, facilitating accurate forecasting and budget planning. The platform enables users to track usage metrics and forecast future needs, empowering informed decision-making and efficient resource allocation.
• Chargebacks: To accurately track how different teams use resources, you can allocate expenses to each department based on their actual usage of applications. For instance, if the engineering team uses 50 Salesforce licenses and the sales team uses 20, with the total expense being $70, you can charge the engineering department $50 and the sales department $20 accordingly.
• AI-powered Contract Recognition: Zluri's AI-driven contract recognition simplifies contract management. Simply upload your contracts in PDF format—you can even upload multiple at once. The AI-powered contract management software will automatically identify the type of contract, extract key details like start, end, and renewal dates, along with the terms, and fill in the information for you.
  
  All that's left for you to do is review and confirm the details. This feature drastically reduces the time you'd normally spend manually entering contract information into Zluri's contract management system.
• Comprehensive Reporting: Zluri offers extensive reporting capabilities, allowing your team to generate customized reports tailored to their specific needs. Whether it's contract performance metrics or expenditure analysis, our platform provides actionable insights to drive informed decision-making and optimize operational efficiency.

Take control of your contracts and streamline your process with Zluri. Book a Demo now!

Customer Rating

• G2: 4.8/5
• Capterra: 4.9/5

2. Icertis Suite

Icertis Contract Intelligence (ICI) platform offers one of the best contract management software powered by AI. It can help with enterprise-wide contract management, transforming contracts into valuable corporate assets.

The tool is simple to use, takes care of end-to-end contract lifecycle management (CLM), and can be used across departments.

Key Features

• Centralized Contract Repository: Icertis Suite offers a unified platform for all contracts, providing quick access to crucial information for better decision-making and compliance tracking.
• Intelligent Contract Authoring: Streamline contract creation with Icertis Suite’s intelligent authoring, reducing errors and ensuring adherence to organizational standards, saving time and resources.
• Robust Security and Compliance: With advanced encryption and access controls, Icertis Suite secures sensitive contract data while ensuring strict compliance with industry regulations.
• Automated Workflows: Simplify approvals and speed up contract cycles with automated workflows, eliminating bottlenecks and enhancing operational efficiency.

Customer Rating

• G2: 4.3/5
• Capterra: 4.4/5

3. ContractWorks

ContractWorks, one of the best legal contract management tools, helps you sign, track and manage contracts. Using ContractWorks, you can keep track of all your contracts in one place and search through them whenever required. It has features like alerts and notifications for important dates and AI technology to simplify contract management.

That's not all, though; it also has custom reporting tools that can show how your contracts are doing. The built-in electronic signature feature can help you speed up the process of signing contracts. ContractWorks also lets you set different levels of access permissions based on role types.

Key Features

• Access Control and Permissions: ContractWorks offers robust access controls, allowing you to define user roles and restrict access to sensitive contract data, ensuring only authorized personnel can view critical information.
• Alerts and Notifications: Stay informed with ContractWorks’ intelligent alerts and reminders for renewals and key milestones, keeping your team proactive and on top of important tasks.
• Centralized CLM: Manage every stage of the contract lifecycle in one platform, improving collaboration, reducing bottlenecks, and ensuring a smooth contract process from start to finish.
• Effortless Data Extraction: Quickly extract key information from contracts with ContractWorks’ data extraction, saving time and reducing errors.
• Electronic Signatures: Speed up approvals with Ensight, ContractWorks’ secure electronic signature solution, for fast and legally binding contract signings.

Customer Rating

• G2: 4.8/5
• Capterra: 4.9/5

4. Trackado

Trackado offers you one of the best legal contract management tools. It helps you keep all your contracts in one place and allows you to access them from anywhere. It sends you alerts for important dates and tasks and even provides insights about the financial health of your contracts.

Workflow management, built-in templates, activity logs, data backups, scheduled reminders, and single sign-on are just a few of the features that Trackado offers. The application lets people see, organize, and quickly find contracts using various filters. In addition, it has a reporting module that lets supervisors make financial reports and learn more about how costs and revenue are spread out.

Key Features

• Centralized Contract Repository: Trackado offers a secure, centralized hub for all your contracts, simplifying organization, search, and retrieval while eliminating manual management hassles.
• Automated Alerts and Notifications: With Trackado’s automated renewal reminders, compliance deadlines, and milestones, you can ensure timely actions.
• Customizable Workflows: Adapt Trackado to fit your organization’s unique processes with customizable workflows, enhancing consistency and adherence to internal protocols.
• Version Control and Audit Trails: Trackado’s version control and audit trails provide transparency by tracking changes, viewing historical versions, and generating audit reports, supporting compliance and risk management.

Customer Ratings

• G2: 4/5
• Capterra: 4.5/5

5. Zoho Contracts

Zoho Contracts is one of the top contract management software available. From drafting and negotiating to signing and storing, it offers an intuitive interface that simplifies these tasks. The platform’s automation capabilities help reduce manual work, minimize errors, and keep contracts moving smoothly through the approval process.

Additionally, the platform seamlessly integrates with other Zoho products and third-party applications, providing a unified approach to contract management. 

Key Features

• Efficient Contract Authoring: Zoho Contracts simplifies the contract authoring process. This common feature helps you maintain consistency and accuracy, reducing the time spent on contract creation and minimizing the risk of errors.
• Central Repository for Contracts: Zoho Contracts provides a central repository where all your contracts are securely stored. This centralized storage makes it easy for you to organize, search, and access contracts whenever needed. 
• Comprehensive Audit Trail: The audit trail feature in Zoho Contracts ensures transparency and accountability in contract management. This detailed record helps in maintaining compliance and provides a clear history of contract modifications, making it easier to resolve any disputes.
• Robust Access Control: Zoho Contracts offers robust access control features, allowing IT managers to define who can view, edit, or approve contracts. This ensures that only authorized personnel have access to sensitive contract information, enhancing security and preventing unauthorized changes. 

Customer Rating

• G2: 4.5/5
• Capterra: 4.4/5

6. Conga Contracts

Conga Contracts provides an end-to-end contract lifecycle management software that automates complex contractual tasks across geographies and departments. It promotes contract visibility and enforces contract compliance to reduce risk.

Conga CLM can handle the complexities of contract management by automating every step of the contract lifecycle and keeping up-to-date information. Using Conga CLM, you can assign ownership of contract processes to the appropriate teams.

It also lets you track statuses easily to discover and fix bottlenecks as soon as possible. When it comes to integration, it integrates perfectly with Salesforce.

Key Features

• Seamless Contract Lifecycle Management: Conga Contracts streamlines the entire contract process, from creation to execution, reducing manual effort and minimizing errors for a smooth workflow.
• Centralized Repository: Store and access all contract information in one unified platform, improving visibility and making it easy to retrieve critical data.
• Automated Workflows: Enhance efficiency with Conga Contracts’ intuitive automation, speeding up contract cycles and reducing bottlenecks so your team can focus on strategic tasks.

Customer Ratings

• G2: 4.2/5
• Capterra: 4.3/5

7. ContractBook

ContractBook is a contract management software for small businesses that automates the management of the entire lifecycle of contracts. Using Contractbook, users can create contracts from updated templates, sign them directly on the platform using a digital signature, and save them in the cloud for easy access later.

This is one of the best contract drafting software and integrates with over 2000 apps. It also allows seamless collaboration among groups. This feature facilitates data flow between ContractBook and other essential business applications, creating a unified ecosystem that enhances overall operational efficiency.

Key Features

• Contract Drafting: ContractBook simplifies contract creation with its user-friendly interface, allowing for easy customization to meet your organization’s needs.
• License Management: Keep track of software licenses with ContractBook’s License Management feature, ensuring optimal resource use and avoiding audit issues and unexpected costs.
• Activity Dashboard: View all critical contract information in one place with the Activity Dashboard, enhancing decision-making with a comprehensive overview.
• Granular Access Control: Protect sensitive data with ContractBook’s detailed access controls, ensuring only authorized personnel can access valuable information.
• Timely Notifications: Receive alerts and renewal reminders for key dates, such as renewals and compliance deadlines, to prevent oversights and associated risks.

Customer Rating

• G2: 4.8/5
• Capterra: 4.7/5

8. ContractSafe

Contractsafe is one of the best contract management platforms. It lets you easily manage all your contracts. It sends email reminders to ensure you never forget to renew or terminate an important contract. It also lets you collaborate with your team and allows you to search for and locate any document, even scans.

ContractSafe works great for small and mid-sized businesses. It provides excellent organizing, reporting, search, and sharing functionality but lacks complete lifecycle management and automation. This is also one of the best contract automation software.

Key Features

• Centralized Repository: ContractSafe provides a centralized hub for all your contracts, ensuring quick access to crucial documents and enhancing control while minimizing the risk of oversight.
• Advanced Search and Filtering: Easily find specific details with ContractSafe’s advanced search and filtering options, which make retrieving information like contract terms and renewal dates fast and accurate.
• Automated Alerts and Notifications: Stay on top of important dates with ContractSafe’s automated renewal reminders, which ensure you never miss contract renewals or compliance deadlines, promoting proactive management.
• Customizable Permissions and Access Control: Tailor access levels with ContractSafe’s customizable permissions, ensuring sensitive contract information is only available to authorized personnel and maintaining regulatory compliance.

Customer Rating

• G2: 4.5/5
• Capterra: 4.8/5

9. Complinity

Complinity, one of the best contract management platforms, provides a centralized system for managing all aspects of your contracts. With its intuitive interface, your team can quickly generate and manage contracts without getting bogged down by complex processes.

Complinity also integrates seamlessly with other business systems, enhancing overall efficiency and data accuracy. If you're seeking to optimize their contract management processes and reduce administrative overhead, Complinity delivers a powerful and user-friendly solution.

Key Features

• Centralized Contract Repository: Complinity offers a centralized contract repository that simplifies how your team stores and manages contracts.  This feature ensures that you have complete control over your contracts, reducing the risk of losing critical documents and improving overall efficiency.
• Streamlined Contract Drafting: The platform provides templates that allow your team to quickly create and customize contracts. This feature helps you maintain consistency in contract language and structure, reducing errors and speeding up the drafting process.
• Manage Executed Contracts: Once a contract is signed, the platform allows your team to track its status, monitor compliance, and ensure all terms are being met. This feature is crucial for maintaining control over active contracts and ensuring they are managed effectively throughout their lifecycle.
• Service Level Agreements (SLAs) Management: Complinity also offers robust capabilities for managing Service Level Agreements (SLAs). This feature helps in maintaining high standards of service and accountability, reducing the risk of SLA breaches and ensuring that contractual commitments are upheld.

Customer Rating

• Capterra: 4.9/5

10. Gatekeeper

Gatekeeper, one of the best contract management solutions, offers many features that help users easily manage their contracts and vendor information. It allows you to track processes, monitor risk, and save documents on the cloud, among other things. It also has an integrated messaging tool that lets people collaborate on projects.

Gatekeeper also sends automated alerts to remind users of critical dates. It enables users to add custom fields, supplier kinds, and contract types and generate different kinds of reports. It can integrate seamlessly with G Suite, Office 365, Dropbox, and other apps.

Key Features

• Centralized Contract Repository: Gatekeeper’s centralized repository provides a secure, unified view of all contracts, ensuring quick access to the latest versions and simplifying audits and compliance checks.
• Intelligent Automation: Gatekeeper uses intelligent automation to handle routine tasks, from contract creation to deadline alerts. This lets you focus on strategic activities while keeping critical timelines in check and minimizing risk.
• Seamless Collaboration: Enhance stakeholder communication with real-time updates and feedback through Gatekeeper. This feature helps keep your legal team aligned, reducing project delays and ensuring compliance with contractual obligations.

Customer Rating

• G2: 4.4 /5
• Capterra: 4.8/5

11. SignDesk

SignDesk is an intuitive platform designed to simplify the contract lifecycle. It provides a seamless digital experience for drafting, signing, and storing contracts. With its user-friendly interface, your team can quickly create and manage contracts. This eliminates the need for cumbersome paperwork and manual processes.

The platform’s electronic signature capabilities ensure that contracts are signed quickly and securely, while automated workflows help track contract statuses and deadlines. SignDesk integrates well with existing systems, enabling smooth data transfers and enhancing overall efficiency.

Key Features

• Extensive Template Library: SignDesk offers an extensive template library that simplifies contract creation. With a wide range of pre-built templates, you can quickly draft contracts that meet your specific needs. 
• Analytical Dashboard: The analytical dashboard in SignDesk provides you with real-time insights into contract performance. This helps in making informed decisions and ensures that your contract management process is efficient and transparent.
• Manage Contractual Obligations: The platform allows you to track key terms, conditions, and deadlines, ensuring compliance and minimizing risks. This feature is crucial for maintaining control over your contracts and avoiding costly breaches or oversights.
• Automated Reminders: With SignDesk, you’ll never miss an important contract deadline. The software offers automated reminders that alert you to upcoming renewals, expirations, and other critical dates. This helps you stay organized and proactive in managing contracts, reducing the chances of missing important deadlines.
• Activity Tracker: With SignDesk, you can monitor who accessed, edited, or approved a contract, ensuring accountability and transparency. This is essential for maintaining control over the contract management process and ensuring that all actions are tracked and documented.

Customer Rating

• Capterra: 4.4/5

12. Linksquares

LinkSquares, one of the best contract management systems, is an AI-powered contract management tool that provides complete visibility on contracts, where they are, their completion timeline, and negotiation history. Linksquare helps you draft better contracts while ensuring consistent terminology.

It empowers you to read, analyze, and extract structured contract data. It has a dashboard and custom reporting system provides insights on a broad range of things.

Key Features

• Contract Lifecycle Management (CLM): Linksquares simplifies the entire contract life cycle from creation to renewal—enhancing collaboration and speeding up processes. This allows your IT team to focus on strategic goals rather than administrative tasks.
• License Management: Manage all software agreements in one place with Linksquares. Track license terms, renewal dates, and compliance to maximize software value and avoid penalties.
• Customizable Reports: Generate tailored reports to gain insights relevant to your IT department’s needs. Whether you need a summary of contract performance or detailed compliance analytics, Linksquares delivers the data that matters.
• E-Signature Integration: Linksquares integrates with e-signature solutions for secure, efficient contract execution. This streamlines approvals and reduces paper workflows, supporting your IT department’s modernization efforts.
• Real-Time Data and Notifications: Stay updated with real-time data and notifications on contract status, renewals, and compliance deadlines. This ensures your IT team can proactively manage issues and maintain smooth business operations.

Customer Rating

• G2: 4.7/5
• Capterra: 4.3/5

13. Ironclad

Ironclad Digital Contracting, one of the prominent  contract management software, automates every step of the contract management lifecycle, from creation to management to storage. It facilitates collaboration and negotiation and adheres to regulatory standards. It can manage any type of contract workflow, whether it is a sales agreement, an employment agreement, or an NDA.

Ironclad excels in fostering collaboration among team members involved in the contract lifecycle. Its robust collaboration capabilities enable you to easily coordinate efforts, share insights, and ensure everyone is on the same page throughout the contract creation, negotiation, and execution phases.

Key Features

• Centralized Contract Lifecycle Management (CLM): Ironclad offers a centralized hub for managing the entire contract lifecycle, streamlining processes, reducing risks, and improving contract visibility.
• License Management: Track and manage licenses efficiently with Ironclad’s intuitive features, optimizing renewals and resource allocation to maximize the value of your agreements.
• Efficient Data Extraction: Extract valuable insights from contracts with Ironclad’s data extraction tools, enhancing decision-making and supporting a proactive, data-driven approach.
• Real-Time Alerts and Notifications: Stay informed with Ironclad’s real-time alerts and notifications, ensuring you are promptly updated on critical developments and can address potential challenges effectively.

Customer Rating

• G2: 4.3/5
• Capterra: 4.1/5

14. SpotDraft

SpotDraft is an AI-based end-to-end contract lifecycle management platform suitable for organizations of all sizes. It handles drafting, reviewing, and keeping contracts in one place. It also sends automated invoices and payment reminders, helping businesses put contract management tasks on autopilot.

SpotDraft, one of the best contract management tools, understands that each IT project is unique, including its contractual requirements. The platform provides a diverse range of customizable templates, allowing you to align contracts precisely with the specific needs of their projects.

Key Features

• Automated Contract Creation: SpotDraft’s automated contract creation speeds up the process and reduces errors, ensuring contracts are both compliant and legally sound.
• Smart Contract Review: Utilizing AI, SpotDraft’s smart contract review identifies potential risks and discrepancies, allowing your team to address issues early and maintain a secure, compliant environment.
• Collaborative Workflows: SpotDraft enhances collaboration with a centralized platform for all contract activities, streamlining interactions with legal teams, vendors, and other stakeholders to expedite the approval process.
• Advanced Analytics and Reporting: Gain valuable insights with SpotDraft’s advanced analytics and reporting, enabling data-driven decisions and continuous optimization of your contract management practices.

Customer Rating

• G2: 4.7/5
• Capterra: 4.8/5

15. HyperStart

HyperStart, one of the top contract management software, provides a friendly user interface that automates contract creation and management. It helps your team handle contracts with greater speed and accuracy by offering tools for easy drafting, centralized storage, and automated alerts for critical deadlines. 

The platform integrates seamlessly with existing systems, allowing for smooth data flow and better collaboration across departments. By adopting HyperStart, you can reduce the administrative burden associated with contract management and focus more on strategic initiatives.

Key Features

• Create Contracts in Minutes: HyperStart allows you to create contracts quickly and easily. With its intuitive interface and pre-built templates, you can draft and finalize contracts in just a few minutes. This significantly reduces the time spent on contract creation, allowing your team to focus on more strategic tasks. 
• Seamlessly Integrate with Your Tech Stack: HyperStart is designed to work seamlessly with your existing tech stack. It integrates smoothly with popular tools like CRM, ERP, and document management systems, ensuring a unified workflow. This integration capability allows you to manage contracts without disrupting their current processes. 

16. PandaDoc

PandaDoc, one of the leading contract management solutions, empowers you by simplifying the contract creation process. Its intuitive interface allows your team to manage contracts, saving valuable time and reducing the risk of errors.

PandaDoc's collaborative features enable seamless communication among team members, ensuring everyone is on the same page throughout the contract lifecycle.

Seamlessly integrate PandaDoc with your existing IT infrastructure. This feature ensures that the contract management tool aligns effortlessly with your organization's processes, eliminating the need for disruptive changes.

Key Features

• Smart Document Tracking and Insights: PandaDoc’s real-time tracking and analytics let you monitor contract progress, identify bottlenecks, and make informed decisions. Detailed insights help you anticipate challenges and address them proactively, improving workflow efficiency and outcomes.
• Enhanced Security and Compliance: PandaDoc provides robust security to protect sensitive contract information and helps ensure compliance with industry regulations, reducing legal risks and offering peace of mind.
• Automation for Increased Efficiency: Automate routine tasks like approval workflows and document tracking with PandaDoc, allowing your team to focus on strategic activities. This speeds up contract management and minimizes human error, ensuring accuracy and consistency.
• Mobile Accessibility: Manage contracts on the go with PandaDoc’s mobile accessibility. Whether you’re in meetings, traveling, or working remotely, PandaDoc keeps essential tools within reach.

Customer Rating

• G2: 4.7/5
• Capterra: 4.5/7

17. Agiloft

Agiloft, one of the notable contract management solutions, offers a flexible, cloud-based platform that simplifies the entire contract lifecycle. It enables your team to automate contract creation, manage approvals, and track key deadlines, all within a centralized system.

The platform’s customization capabilities allow you to tailor workflows to fit your organization’s specific needs, ensuring that every contract is handled according to your processes. If you're  looking to improve contract management while maintaining control and compliance, Agiloft provides a comprehensive user interface.

Key Features

• Single Source of Truth: Agiloft provides your team with visibility into contracts. This means all your contract data is stored in one centralized, secure platform. This feature streamlines contract management, making it easier to maintain control and oversight.
• Comprehensive Contract Control: Agiloft offers robust contract control features that allow you to manage the entire contract lifecycle effectively. You can automate approval workflows, set up alerts for key dates, and track contract performance in real-time. 

Customer Rating

• G2: 4.6/5
• Capterra: 4.9/5

18. Concord

Concord, one of the best contract management software, is a robust solution tailored to streamline processes and elevate efficiency for businesses across various industries. Designed with the needs of IT managers in mind, Concord offers a comprehensive suite of features aimed at simplifying contract creation, negotiation, and management.

Concord's intuitive user interface empowers you to seamlessly oversee the entire contract life cycle management. From drafting contracts to tracking their progress and ensuring compliance, Concord provides a centralized platform for efficiently managing all aspects of contracts.

Key Features

• Smart Contract Creation: Concord streamlines contract creation with customizable templates and an intuitive editor, allowing you to quickly generate contracts tailored to your needs and reducing manual drafting time.
• Collaborative Negotiation: Enhance contract collaboration with Concord’s real-time review and negotiation features. Invite team members and external parties to discuss contracts, using commenting and version control to ensure all stakeholders stay aligned.
• Centralized Repository: Store, organize, and access all contracts in Concord’s centralized repository. This eliminates scattered files and enhances visibility, allowing your team to quickly retrieve information and make informed decisions.
• Automated Workflows: Automate routine tasks like approvals, renewals, and reminders with Concord’s customizable workflows. This helps streamline processes, enforce compliance, and reduce errors and delays.
• Advanced Analytics: Gain valuable insights into contract performance, trends, and risks with Concord’s advanced analytics. Use data-driven insights to optimize strategies, mitigate risks, and achieve better outcomes.

Customer Rating

• G2: 4.3/5
• Capterra: 4.6/5

19. Razorsign

Razorsign, one the popular software for contract management, is designed to streamline contract lifecycle management with precision and ease. The tool simplifies contract creation, negotiation, signing contracts, and tracking, empowering businesses to stay ahead in the competitive landscape.

Moreover, Razorsign seamlessly integrates with your existing IT infrastructure, including CRM, ERP, and procurement systems. You can enjoy enhanced interoperability and efficiency by connecting all your critical business applications under one unified platform.

Key Features

• Intuitive Contract Creation: Simplify contract drafting with Razorsign’s user-friendly interface. Create professional contracts effortlessly using customizable templates and drag-and-drop functionality, seamlessly integrating with your existing systems.
• Automated Workflow Management: Enhance contract approval efficiency with Razorsign’s automated workflows. Define approval paths, assign tasks, and track progress in real-time, ensuring smooth and compliant contract processing.
• Secure Document Storage: Protect sensitive contracts with Razorsign’s secure contract storage capability. Benefit from encrypted cloud storage or integrate with your existing content management systems to ensure data protection and regulatory compliance.

Customer Rating

• G2: 4.5/5
• Capterra: 4.6/5

20. Juro

Juro offers an automated contract management solution. It is designed to simplify and accelerate your contract processes, making it an ideal choice if you're looking to improve efficiency and control.

With Juro, all your contracts are stored in a centralized, secure location. This makes it easy to search, track, and manage contracts from a single dashboard.

The platform also provides real-time insights and analytics that helps you to keep tabs on contract statuses and deadlines. 

Key Features

• Create Contracts Effortlessly: Juro makes it easy for your team to create contracts quickly. The platform offers customizable templates that save time and ensure consistency across all your contracts. This feature simplifies the contract creation process, making it efficient and reducing errors.
• Accelerate Contracts with AI: Juro leverages AI to speed up the contract lifecycle. This allows your team to focus on more critical aspects of contract management. By using AI, Juro ensures contracts are processed faster, reducing delays and improving overall productivity.

Customer Rating

• G2: 4.6/5
• Capterra: 4.7/5

Manage Your Contracts With The Most Efficient Contract Management  Software

Choosing the right contract management software is crucial if you want to streamline your contract processes and improve efficiency. As we've explored the top 20 solutions available, it's clear that each platform offers unique features tailored to different needs and preferences.

When evaluating these options, consider your organization’s specific requirements, such as automation capabilities, ease of integration with existing systems, and user-friendliness. Focus on software that simplifies contract creation, accelerates approval workflows, and provides robust tracking and reporting features.

Additionally, think about scalability and support to ensure the software can grow with your organization and address any issues that may arise. By selecting the right contract management solution, you can enhance productivity, reduce manual errors, and maintain better control over your contracts.

Frequently Asked Questions (FAQs)

1: What is contract management software?

Contract management software is essential for professionals who need to handle the entire lifecycle of business contracts. It assists in creating, negotiating, renewing, and tracking contracts efficiently. This software is crucial for ensuring that each contract’s terms are fully implemented and that its performance is optimized.

2: Why is contract management software important?

Below mentioned are the various benefits of contract management software.

• Increased contract visibility
• Improved contract compliance
• Risk reduction
• Better document management
• Stay ahead of renewal dates
• Stay prepared for audits

3: What does a contract management tool do?

Contract management tool centralizes all your contracts in one place, with easy search and filter options. Additionally, clause-based reports allow admins to quickly find contracts with specific clauses, simplifying amendments.

4: What is contract management in CRM?

CRM contract management involves using CRM features to simplify the creation, storage, tracking, and maintenance of contracts throughout their lifecycle. Customer relationship management provides a range of capabilities that improve customer acquisition and retention by integrating contract management seamlessly into the overall business process. 

5: What features should I look for in contract management software for a small business?

Key features to consider include document generation/creation and editing tools, e-signature capabilities, version control, contract templates, automated reminders and notifications, audit trails, integration with other business tools, and user-friendly interfaces to facilitate easy adoption by your team.