Best Software for Contract Management

In particular, we focused on core contract management functions, various use cases, company size, and advanced software features. Eliminate bottlenecks and speed up the approval process with custom workflows and cross-service automations. Includes automatic contract creation, smart models, unlimited contracts, smart reminders, AI-powered data extraction, and dozens of third-party integrations. Pricing starts at $44 per user per month. SpringCM (acquired by DocuSign) is an easy-to-use contract management software solution designed to help companies optimize their contracting process to help organizations optimize their contracting process. For example, small and medium-sized businesses typically operate with thin margins, which means it`s important for them to maintain recurring cash flow from contract renewals. Contract storage can be an issue because these companies usually rely on paper copies or archaic file storage systems. A simple, no-frills contract management system is usually ideal for such organizations. Get unlimited user seats without breaking the bank. Paid areas include enhanced end-user permissions, top-notch security, extensive onboarding and training programs, advanced search features, automatic renewals, and more. Plans start at $299 per month for up to 500 active contracts. You can store all your contracts in one central location with an intuitive search function, including a structured, full-text search of the entire contract database. SpringCM is a reliable and easy-to-use contract lifecycle management tool that can be used to create, store and manage contracts, automate contract workflow and generate reports.

With the built-in document editor, users can tag colleagues and accept or reject contract changes, as well as preview and edit documents without leaving the platform. Agiloft cannot send the same contract to multiple people at the same time as Agiloft offers codeless customizations for contract and trade lifecycle management. With its intuitive foundation, you can drag and drop files to store in a searchable, scalable, and secure contract repository with controlled access and permission-based user roles. With ContractWorks Document Tagging, including the artificial intelligence (AI) quick-start markup system, it`s easy to find contracts and track actions. This software prioritizes security and offers several backup options. In addition, manual storage of contracts hinders the success of organizations through compliance enforcement. The contract software allows users to monitor contract milestones by tracking important events such as regular review dates or contract expiration dates. These solutions also provide alerts or notifications to account managers for contracts approaching their milestones, and can escalate reports if there are deviations from the predefined workflow. Some features can also be used to provide time-based results and help manage additional costs or penalties associated with delays. Basically, contract management often focuses on four key functions: contracts must be stored, important provisions must be followed, a system must be in place to find a contract based on certain criteria, and the information contained in or contained in contracts must be understandable or reportable. The short version: Contracts must be stored, tracked, searched and reported. Optimize your supplier and procurement pipelines and related contracts.

Includes in-app messaging, custom notifications, custom analytics dashboards, contract hierarchies, advanced search capabilities, and more. Custom pricing only. ContractWorks offers several customization options, including customization and reports that allow you to select any data point that you want to analyze. You can also easily save, schedule, share, and export your reports. The software integrates with Salesforce on the Professional and Enterprise plans. Many of the software solutions included in this overview offer some or all of these features. ContractWorks restores contract transparency and encourages you to stay organized, reduce costs, and minimize risk. The function of the business partner module displays contact data and other important information about an ongoing business relationship. The software also allows you to obtain information about the financial health of your contracts. Use Agiloft on any computer with its cloud-hosted software.

All businesses benefit: However, in the booming SaaS world of contract management, it can be confusing to choose the right contract management software that will increase your completion rate and save your team time. .