What is Contract Drafting?

Contract drafting is the act of writing down the terms and conditions of an agreement. The parties to a contract may go through several drafts and negotiation sessions before the official contract is finalized.

Software with Contract Drafting

PRODUCT NAME	SW SCORE (OUT OF 100)	AGGREGATED RATINGS (OUT OF 5)
Contract Insight	98	4.8
Ironclad	97	4.4
Gatekeeper	95	4.7
Icertis Contract Management	95	4.5
ContractSafe	94	4.7
Contractbook	94	4.8
ContractWorks	94	4.9
Outlaw	93	4.8
Avokaado	93	4.9
Contract Logix	92	4.2

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Approval Workflow

The approval workflow is a common business process that requires someone to sign off on the data at a certain stage. Approval workflows require multiple checks throughout the process and from a variety of different stakeholders. Most workflows require some kind of approval built into them.

Buy Side (Suppliers)

The financial institutions of a free-market economy include a segment called the buy-side: firms that purchase investment securities. These include insurance firms, mutual funds, hedge funds, and pension funds, that buy securities for their own accounts or for investors with the goal of generating a return.

Contact Management

The process of storing, organizing, and monitoring information about your clients, prospects, and sales leads is known as contact management. In its most simple form, an address book or an Excel or Google spreadsheet with entries for all of the people with whom you do business can be used to handle your contact details. Many companies, on the other hand, prefer to use advanced contact management software. This is particularly useful if you have a large number of contacts to keep track of or several people who need access to the information.

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