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Showing 1 - 20 of 89 Products

98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Contract Insight logo
An efficient and secure way to manage contracts 4.8 Based on 75 Ratings
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What is Contract Insight and how does it work?

Contract Insight is an appropriate contract management software that enables companies to store and manage unlimited contracts. It allows users to manage, track and draft contracts quickly. Users can automate and streamline the entire lifecycle of an individual contract, based on the unlimited storage, flexible features and version tracking mechanisms available within. Contract Insight also helps companies with effective management and control of the entire supplier relationship. It does so, by enabling admins to gain access to critical vendor information, insurance certificates, important documents, scorecards, workflows, alerts and more. As an enterprise-grade solution for acquisition, sourcing, bid and solicitation management Contract Insight turns out to be of great use. This solution works for organisations of all sizes and adheres to their ever-changing business needs and requirements on the go. Contract Insight also helps companies in managing procurement contracts. It enables them to automate and manage purchasing and sourcing cycles alike. Moreover, companies can also utilise the particular software to manage product and services catalogues, budget levels, approvals, spend tracking, online bidding, award management, punchouts and more.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 96%
  • Momentum 62%
  • Popularity 91%

Contract Insight Pricing

  • Free Trial Available
  • Contract Insight Offers Custom plan.

97% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Ironclad logo
Simplified and effective digital contracting 4.7 Based on 223 Ratings
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What is Ironclad and how does it work?

Ironclad is a digital contracting platform that helps its users to streamline and automate all their contacts from simple to complex. The software is equipped with a workflow designer that pairs with a drag-and-drop UI that results in making it easier for legal to bake business processes into the contracts of users. Users are provided with a powerful in-app editing, along with negotiation features, and red-lining, which make it easier for teams to work collaboratively in order to get the best deal done. One can use the dynamic repository that unlocks contracts data in real-time and gives only legal insights to participate in the business. The software empowers the business users to launch contracts on their own within the guardrails with features like self-service contracting for business users and powerful conditionality for any user. Users can trigger multiple approvals and track activities to pull the right teammates into the conversation at the right time through features such as activity feed, word native, and email-integrated.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 86%
  • Momentum 63%
  • Popularity 93%

Ironclad Pricing

  • Free Trial Not Available
  • Ironclad Offers Custom plan.

96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Gatekeeper logo
All-in-one platform to manage your individualised contract needs 4.7 Based on 131 Ratings
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What is Gatekeeper and how does it work?

Gatekeeper is a robust contract management platform, helping out IT, procurement, vendor management and sales teams to track and renew contracts on the go, besides managing associated processes simultaneously. The platform sends automated reminders to users about contract renewals. It also offers a dynamic view of the stored data, enabling users to negotiate, renew, cancel or consolidate contracts at their own terms. Gatekeeper reduces the time spent on contract administration with an intuitive Kanban Workflow Engine. The platform’s “AI Extract” provides companies with the most accurate, fastest and highly trained AI solutions available in the market, specifically designed for contract data and clause analytics. Also, “Touchless Contracts” enables users to generate legally binding contracts and fully-compliant records with ease. The platform allows companies to centralise all of their contract boilers for automating e-signed contracts or creating a fully-managed redline negotiation layout on the go. Gatekeeper also includes a secure contract repository where users can store every file, piece of metadata and interaction relevant to their business.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 86%
  • Momentum 76%
  • Popularity 81%

Gatekeeper Pricing

  • Free Trial Available
  • Starts at $875.0. Offers Custom plan.

95% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

ContractWorks logo
Contract Management made easier with ContractWorks 4.9 Based on 188 Ratings
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What is ContractWorks and how does it work?

ContractWorks is an advanced contract management software that facilitates easy and secure management of all of your contracts. It aims at reducing your stress of manual contract management by providing tools to organize all of your contracts easily and quickly. With Contract Works, you get an easy to use, customizable, and simple contract management solution that allows you to gain control quickly and efficiently. The users can track their milestones to keep a check on their progress, track their work completion for easy management of work, and manage life cycles with Contract Works. They can additionally maintain their contacts and enable digital signatures along with a full text search using the software. Users get the tools to draft their contracts, buy and sell sides of suppliers and customers, and automate their workflow with Contract Works. It also provides contract templates and lets the user manage their government and specialty contracts effectively. Users can benefit from the free trial that the software offers with all its premium features before opting for an actual subscription plan; they provide a huge variety of premium plans to choose from.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 96%
  • Reviews 92%
  • Momentum 64%
  • Popularity 83%

ContractWorks Pricing

  • Free Trial Available
  • Starts at $600.0.

95% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Icertis Contract Management logo
A credible enterprise contract management software 4.5 Based on 153 Ratings
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What is Icertis Contract Management and how does it work?

Icertis Contract Management is one of the leading software, designed for solving the toughest enterprise contract management issues. It comes with a simple user interface and is very easy to deploy as well as use. A holistic view of the contract, automatic profiling, automatic tracking helps in offering intelligent context and risk tracking benefits. Icertis Contract Management comes attractively designed with important contract management features like auto extraction, completion tracking, lifecycle management, digital signature, contract templates, buy side for suppliers & sell side for customers, version control, government contracts and specialty contracts. It allows full text search.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 81%
  • Momentum 75%
  • Popularity 89%

Icertis Contract Management Pricing

  • Free Trial Not Available
  • Icertis Contract Management Offers Custom plan.

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Contractbook logo
Efficient contract management 4.8 Based on 137 Ratings
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What is Contractbook and how does it work?

Contractbook is an online contract management tool used to create, sign and store contracts and legal documents safely. Contracts can be created from ground up or choosing from a list of preset templates, after which they can be digitally signed and sent to recipients. The contracts can be uploaded and stored in the cloud to keep them safe, where they can be organized and accessed in a GDPR-friendly manner. Users are able to track the status of the contract sent to recipients and receive notifications when it is signed to ensure a paperless, timely transaction. Other features that make Contractbook highly functional include – full text search, contract milestone tracking, contract drafting among others. Contractbook allows users to manage contracts from beginning to finish; from drafting to signing to sharing and storing. It also allows collaboration to work on drafts, comments and negotiations and relevant real-time stats. To ensure the whole process goes smoothly and efficiently, the software provides advice for easy setup of the software, virtual assistance to help schedule meetings for decision making and can recommend the right lawyers for a legal review. Contractbook also provides API integrations to over 1500 apps using zapier.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 93%
  • Reviews 83%
  • Momentum 68%
  • Popularity 92%

Contractbook Pricing

  • Free Trial Not Available
  • Starts at $400.0. Offers Custom plan.

94% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

ContractSafe logo
Store and manage different business-related contracts with ContractSafe 4.8 Based on 225 Ratings
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What is ContractSafe and how does it work?

ContractSafe is a futuristic contract management software, helping out businesses to store and manage all of their contracts within a unified location, proceed with speed search and get access to simple email-based reminders in the form of detailed reports. The software helps with accurate deadline management, by sending in automated reports regarding approaching deadlines. Also, an intuitive search and reporting feature made available within the same enables keyword-based searches and exact match finding facility on the go. Admins even get to depend on ContractSafe with seamless user management, role-based permission rights, no-delete and read-only users besides real-time notifications on new uploads. User-based data and security protocols are taken special care of by ContractSafe, in the form of detailed penetration and vulnerability testing, malware, intrusion and virus detection, besides complete encryption for data at rest and while in transit. Further, active integration with Salesforce, SAML 2.0/Okta, DocuSign and Active Directory are also of great help.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 79%
  • Momentum 62%
  • Popularity 83%

ContractSafe Pricing

  • Free Trial Available
  • Starts at $299.0.

93% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Outlaw logo
The best contract automation platform is here for you 4.6 Based on 148 Ratings
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What is Outlaw and how does it work?

Outlaw is an advanced contract automation platform that makes the entire contract life cycle process easy, from cloud-based redlining to template creation to a document generation to real-time e-signing and negotiation. It offers end-to-end contract management solutions and keeps all parties on the same page. It additionally comprises an intelligent contract repository in which it tracks and stores all the documents. Outlaw is an easy and fundamentally powerful contract automation platform that unifies document automation, contract generation, in-app negotiations, and collaborations offering a smart repository into a single user experience. Businesses can completely rely on the Outlaw software to amplify contracts by automating their legal workflows and unlocking contract metadata. From starting self-serve templates to legal contracts, the Outlaw solution offers it all. It comprises transformative technology and advanced user interface that let users significantly shorten contract cycles, negotiate and redline with clear visibility and ensure your compliance. Outlaw is the most powerful and versatile contract platform to modernize contract management from drafting to tracking. It comprises a quotation and subscription-based pricing strategy.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 97%
  • Reviews 87%
  • Momentum 60%
  • Popularity 83%

Outlaw Pricing

  • Free Trial Not Available
  • Outlaw Offers Custom plan.

92% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Contract Logix logo
A futuristic contract management software at your service 4.2 Based on 68 Ratings
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What is Contract Logix and how does it work?

Contract Logix is a comprehensive contract management solution trusted by top graded global business houses. It helps organisations to get access to an industry-based approach on the go, where admins can process role-based security policies as per needs. Moreover, dynamic template and clause library found within the software, helps users draft negotiation based contracts in real-time besides automating their entire contract management system. Large teams working together can collaborate with each other, seamlessly. They can also automate e-sign agreements and versioning related tasks with ease. Further, detailed reports offered by Contract Logix, helps businesses gain access to advanced analytics related to individual contracts. They can also use the software to organise contracts through real-world binders and versioning protocols, besides monitoring relationships between child-parent or B2B organisations. Automated updates made available by Contract Logix helps users with real-time alerts and notifications across multiple devices.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 97%
  • Reviews 79%
  • Momentum 62%
  • Popularity 81%

Contract Logix Pricing

  • Free Trial Not Available
  • Contract Logix Offers Custom plan.

92% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Conga Contracts logo
Contract Lifecycle Management For All Types Of Organizations 4.6 Based on 299 Ratings
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What is Conga Contracts and how does it work?

Conga Contracts is a complete Contract Lifecycle Management tool that lets the user automate and streamline all their contracts across the organization. Using this tool, users can streamline their contracts process, solve challenges, and manage the whole working across all their businesses with easy no-code configuration and 5-star support. Conga Contracts handles the heavy lifting that legal and procurement teams require for end-to-end CLM, creates complex contracts quickly without any error, and automates the contracts' management. The tool undertakes authoring, negotiating, approving, executing, and reporting of the contracts. Users can gain better visibility in their business by reducing risk and exposure, thus getting better insights across each organization's department. Conga Contracts helps the users bridge the gap between departments, hence expand your business. Users can access out-of-the-box integrations using Salesforce and eSignature tools. They can also get custom integrations built for another CRM, CPQ, ERP, and other internal tools if required. The tool helps the user simplify their data and automate the contracts, documents, and reports.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 85%
  • Momentum 70%
  • Popularity 87%

Conga Contracts Pricing

  • Free Trial Not Available
  • Conga Contracts Offers Custom plan.

92% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Avokaado logo
Simplified way to manage and draft contracts 4.9 Based on 9 Ratings
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What is Avokaado and how does it work?

Avokaado is an easy-to-use contract automation platform that enables legal professionals to create, automate, and manage all their contracts. The software enables its users to share, draft, comment, and sign any legal documents easily and quickly. Users can make meaningful collaborations by crafting their legal content and capturing relevant knowledge regarding the contents in a frame of reference. One can easily put together the documents through the software. Avokaado enables its users to cater to the requirements of the customers and deliver it to them through a digital service portal. The clients of the users can benefit from the innovative relationship between the client and firm each time a deal is made with the help of built-in contract workflows. The software allows the business plan users to add members to their corporate accounts, but the added members cannot automatically access the documents in the account. The holder of the corporate account can choose the members allowed to access each folder.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 72%
  • Momentum 62%
  • Popularity 87%

Avokaado Pricing

  • Free Trial Available
  • Avokaado Offers Free-forever and Custom plan.

91% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

ContractZen logo
Cloud solution for document management 4.9 Based on 39 Ratings
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What is ContractZen and how does it work?

ContractZen is a contract management software that helps to store and access contracts on multiple devices. With this software, you can tackle your documents quickly and in a more cost-effective manner. The software also comes equipped with important document management features like document archiving, document indexing, e-signature, collaboration tools, compliance tracking, etc. ContractZen helps in recovering files. No upfront installation is necessary. It is easy to use and comes with an easy-to-understand user interface. ContractZen offers its users automated email-reminders, a drag-n-drop facility for multiple files, automatic metadata addition, user-friendly visual tagging, and VDR.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 92%
  • Reviews 75%
  • Momentum 71%
  • Popularity 81%

ContractZen Pricing

  • Free Trial Available
  • Starts at $9.5. Offers Custom plan.

91% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Malbek Contrax logo
Contract Management Reimagined Software 4.6 Based on 25 Ratings
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What is Malbek Contrax and how does it work?

Malbek is today’s most modern, cutting-edge CLM solution with a proprietary AI core that empowers the enterprise to do more with less. Malbek is today’s most modern, cutting-edge CLM solution with a proprietary AI core that empowers the enterprise to do more with less.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 95%
  • Reviews 76%
  • Momentum 62%
  • Popularity 84%

Malbek Contrax Pricing

  • Free Trial Not Available
  • Malbek Contrax Offers Custom plan.

90% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Juro logo
An ideal contract management software 4.9 Based on 91 Ratings
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What is Juro and how does it work?

Juro is a new kind of contract collaboration platform that enables businesses to self-serve, agree and manage contracts and their data in one unified workspace. Juro's no-code editor turns every contract into actionable data, giving you control and visibility at every moment, and empowering your team to self-serve on contracts. Unlike most legal tech solutions, Juro's platform is designed with the end user in mind, resulting in a beautiful interface that anyone can use and saving teams up to 96% of time. Juro's current customer base includes Deliveroo, Reach PLC, Secret Escapes and Babylon Health.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 76%
  • Momentum 64%
  • Popularity 80%

Juro Pricing

  • Free Trial Not Available
  • Juro Offers Custom plan.

90% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Symfact logo
Enterprise management tool for contract lifecycle 4.3 Based on 34 Ratings
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What is Symfact and how does it work?

Symfact offers enterprise management solution for monitoring and managing your contract lifecycle, legal entities, risks, compliance and third party risks. With the help of this software, you can automate and organize your contract management and document management tasks with greater efficiency. It allows users to track milestones and ensure proper completion tracking. This software covers both the government contracts as well as the specialty contracts. Symfact features digital signature, contract templates, buy side for suppliers, sell side for customers, full text search and version control.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 99%
  • Reviews 74%
  • Momentum 60%
  • Popularity 77%

Symfact Pricing

  • Free Trial Available
  • Symfact Offers Custom plan.

90% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Apptus Contract Management logo
An end-to-end contract management service for your business 4.3 Based on 92 Ratings
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What is Apptus Contract Management and how does it work?

Apptus Contract Management is a contract lifecycle management solution that helps businesses to simplify and automate their approach to manage contracts, quotes and documents alike. The solution empowers businesses to improve user and customer experiences while speeding up cycle times, increasing visibility and lowering risk. Apptus Contract Management solution’s workflows allow users to automate every step of their contract lifecycle in Salesforce, in order to optimise complex contracting processes. The solution also enables users to automate and standardise the contracting lifecycle to lower risk, increase speed and ensure compliance. In addition, they can even execute large volumes of transactional contracts straight from Salesforce to simplify and accelerate sales cycles. Apptus Contract Management uses best-in-class AI technology to extract unstructured text from the commercial agreements and organise them into structured data. Finally, the solution helps businesses to achieve a higher level of approval on pricing, promotions, discounts, agreement clauses, contract terms and more.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 97%
  • Reviews 76%
  • Momentum 60%
  • Popularity 85%

Apptus Contract Management Pricing

  • Free Trial Not Available

89% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Ultria logo
Contract Lifecycle Management for In-house Counsel Write a Review
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What is Ultria and how does it work?

Ultria CLM for legal is an in-house contract lifecycle management tool that has the capability to optimise, streamline, and boost the efficiency of all six key stages of a contract’s lifecycle. Users can easily create drafts through template and clause libraries, Microsoft word plug-in, and version comparison capabilities. They can also easily negotiate and sign off via features such as change tracking, version comparison, automated workflow routing, and support. Ultria also allows for a provision to be reviewed via configurable workflows, alerts, and timely reminders. The tool is suited for both, large and small organisations alike since it includes provisions for collaboration both within the organisation and external parties. By integrating with the organisation’s email platform and leading e-signature providers, Ultria makes sure the virtual work environment is in harmony.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 100%
  • Reviews 69%
  • Momentum 63%
  • Popularity 76%

Ultria Pricing

  • Free Trial Not Available

88% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

SpotDraft logo
Contract Management for Teams of all sizes 4.8 Based on 99 Ratings
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What is SpotDraft and how does it work?

SpotDraft is an intuitive AI powered platform, the customers today draft and sign contracts, and send automated reminders. SpotDraft helps to put business on autopilot. And it seamlessly integrates with popular tools like Salesforce, Docusign, Box and much more.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 91%
  • Reviews 60%
  • Momentum 69%
  • Popularity 84%

SpotDraft Pricing

  • Free Trial Not Available
  • SpotDraft Offers Custom plan.

88% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Universal Contract Manager logo
An all-in-one contract management software 4.7 Based on 31 Ratings
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What is Universal Contract Manager and how does it work?

Universal Contract Manager is a feature rich software that can handle and manage almost all aspects of your agreement contracts, including both government and specialties. You will find this software helpful in doing your document management activities and also doing compliance management is possible with this. Contract lifecycle management, full text search, completion tracking, auto extraction, approval workflow, contract templates, digital signature etc are all the essential contract management features you will find in this software. Universal Contract Manager enables doing revenue management and policy management as well. It is highly customizable to satisfy unique system needs.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 100%
  • Reviews 71%
  • Momentum 61%
  • Popularity 73%

Universal Contract Manager Pricing

  • Free Trial Not Available

88% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Parley Pro logo
All-in-one Solution for Contract Negotiation and Management 4.6 Based on 35 Ratings
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What is Parley Pro and how does it work?

Parley Pro is a cutting-edge platform that offers collaborative and intuitive contract lifecycle management (CLM) capabilities, leveraging digital negotiation technology to revolutionize the contracting process. The platform's smart collaboration features facilitate faster contract cycles by streamlining communication and data-sharing among stakeholders, while also enhancing transparency by providing a central, shared workspace. In recognition of its innovative approach to CLM, Parley Pro was recently recognized as a Cool Vendor in the 2020 CLM and Advanced Contract Analytics report by Gartner, a leading research and advisory company. This recognition further underscores the platform's significance in transforming traditional contracting processes, making it an indispensable tool for businesses looking to streamline their operations and accelerate their growth. With Parley Pro, organizations can effectively manage contracts, reduce risk, and increase efficiency, all while ensuring complete transparency and collaboration throughout the contract lifecycle.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

  • Features 97%
  • Reviews 74%
  • Momentum 61%
  • Popularity 77%

Parley Pro Pricing

  • Free Trial Not Available
  • Parley Pro Offers Custom plan.

Buyer's Guide Read Buyer's Guide

Typical Features

  • Ability to store and manage various information and documents in electronic format. Document Management
  • Allows to route the documents to one or multiple people for seeking their approval Approval Workflow
  • Helps in automating and managing all the critical phases of a contract, starting from its initiation until its compliance and renewal. Lifecycle Management
  • +13 more

Prices

36% software offer free trial

19% software offer freemium model

Software in Spotlight

Pricing Insights for Contract Management Software

  • The Average Cost of a basic Contract Management Software plan is $42 per month.

  • 36% of Contract Management Software offer a Free Trial Allows users to try out the software for a limited period before making a purchase decision. , while 19% offer a Freemium Model Allows users to access basic features at no cost..

List of Contract Management Software

PRODUCT NAME SW SCORE AGGREGATED RATINGS
Contract Insight Contract Insight 98 4.8
Ironclad Ironclad 97 4.7
Gatekeeper Gatekeeper 96 4.7
ContractWorks ContractWorks 95 4.9
Icertis Contract Management Icertis Contract Management 95 4.5
Contractbook Contractbook 94 4.8
ContractSafe ContractSafe 94 4.8
Outlaw Outlaw 93 4.6
Contract Logix Contract Logix 92 4.2
Conga Contracts Conga Contracts 92 4.6

Overview

A contract can be described as a written or spoken agreement enforceable by law, about sales, employment or tenancy. It is an extremely important document in any business as well. The contract management process, hence, signifies the activities involved in monitoring the contracts made with customers, vendors, partners, etc. Now, a contract management software helps in automating and enhancing the activities associated with managing the agreements made with customers, vendors, partners, etc. Enterprise contract management software helps in minimizing sales cycle, quicker revenue realization and keep at bay the hassles of paper-based administration of contracts. 

It’s easy to get confused while browsing through the options on contract management software. Though the selection has to be done by you only, still to narrow down the available options judiciously can be better ensured by taking into considerations certain things. The factors that need our attention are as follow- 

  • Key Features: What the key offerings are that the software has in store for its users need to be considered primarily. The software should feature several tools to make a contract process proceed appropriately from its creation until its execution.
  • Reliability: Opt for the contract management software products of such companies which have been serving this field for a considerable period. Choosing an experienced and reliable contract management software service company is essential.
  • Free-form text capabilities - If the contract management software chosen by you does not accommodate free-form text it, will be challenging to set up contracts. Maximum contracts contain a bunch of such texts that cannot fit in the typical relational database.
  • Budget: The purchasing, installation, and maintenance cost all play significant roles in determining the overall expenses necessary to be made on a contract management software. First, check if it can fit your budget or not. Creating excessive pressure on the budget is never a right decision.

Features

Typical Features

Document Management

Ability to store and manage various information and documents in electronic format.

Approval Workflow

Allows to route the documents to one or multiple people for seeking their approval

Lifecycle Management

Helps in automating and managing all the critical phases of a contract, starting from its initiation until its compliance and renewal.

Contract Templates

Provides ready-made beautiful templates for writing different types of contracts

Digital Signature

A facility to capture digital signature in a secure format

Contract Drafting

Helps in drafting a reliable and secure contract for understanding properly the terms of the agreement

Completion Tracking

Helps in setting certain completion criteria for any activity within a contract management process

Version Control

It gives the team the ability to recall specific versions of a document, code, content, file, or folder that records changes over time.

Full Text Search

Allows and helps in searching for a single or a collection of computer-stored documents in a full-text database.

Sell Side (Customers)

Helps in managing the contracts related to the firms that sell investment services to asset management firms/organizations

Buy Side (Suppliers)

Helps managing contracts of firms that buy investment services like securities

Contact Management

Organizing customer data in a centralized location and handling contact details, demographics, transactions, etc.

Specialty Contracts

Helps managing specialty or formal contracts that mainly are written agreements, as a deed.

Milestone Tracking

They act as signposts through the course of your project, as they help to ensure that you're staying on track.

Auto Extraction

Helps in conducting auto scanning of data and extract the required piece of information from a contract document

Government Contracts

Helps taking care of Government contracts that allows you to sell your goods/services to the Government and its different agencies

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