Best Contract Management Solutions

What are Contract Management Software?

Contract Management Software automates and streamlines the contract lifecycle from creation to execution. It offers tools for monitoring compliance, documenting changes, and renewing contracts efficiently.

To learn more, read our Agiloft Contract Management Suite vs. GEP SMART Buyer's Guide (Updated: October 2024).

The top 5 Contract Management Softwis solutions are Icertis Contract Management, Ironclad, DocuSign CLM, SirionLabs and SAP Ariba Contracts, as ranked by PeerSpot users in October 2024. Icertis Contract Management received the highest rating of 0.0 among the leaders. DocuSign CLM is the most popular solution in terms of searches by peers, and Ironclad holds the largest mind share of 14.4%.

This software is designed to help businesses manage contracts in a structured and efficient manner. It reduces risks associated with manual contract management and ensures that organizations are compliant with legal requirements. The software offers a centralized repository for all contracts, making it easier to track performance and deadlines. By automating repetitive tasks, it saves time and reduces errors, allowing legal teams to focus on more strategic activities.

What are the essential features of Contract Management Software?

Automated Workflows: Streamlines contract approvals and renewal processes.
Centralized Repository: Stores all contracts in one secure location for easy access.
Compliance Monitoring: Tracks compliance with legal and regulatory requirements.
Reporting and Analytics: Provides insights into contract performance and potential risks.
Electronic Signatures: Facilitates quick and secure contract signing.

What are the key benefits or ROI when using Contract Management Software?

Increased Efficiency: Automates labor-intensive tasks, reducing time spent on contract management.
Risk Mitigation: Ensures compliance and reduces the risk of missed deadlines and penalties.
Improved Visibility: Offers greater transparency into contract status and performance.
Cost Savings: Reduces administrative costs by decreasing errors and manual work.
Better Decision Making: Provides data-driven insights for strategic planning and decision-making.

Contract Management Software is widely implemented across industries such as healthcare, finance, and manufacturing. In healthcare, it ensures compliance with regulatory standards. Financial institutions use it to manage loan agreements effectively. In manufacturing, it helps manage supplier contracts and procurement processes.

This software helps organizations maintain compliance, reduce risks, and improve operational efficiency by automating and centralizing contract management processes.

Buyer's Guide

Agiloft Contract Management Suite vs. GEP SMART

October 2024

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Contract Management Software solutions mindshare

As of November 2024, in the Contract Management Software category, the mindshare of Icertis Contract Management is 11.8%, down from 13.2% compared to the previous year. The mindshare of Ironclad is 14.4%, up from 11.4% compared to the previous year. The mindshare of SirionLabs is 12.9%, up from 9.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Contract Management Software

Top Contract Management Software products

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#1 Ranked

Icertis Contract Management

Icertis is the leading provider of contract lifecycle management in the cloud. Icertis Contract Management (ICM) is an innovative, easy-to-use platform that is highly configurable and continually adapts to complex business needs. Today, ICM is used to manage 2.5+ million contracts, by 750,000+ users, in 90+ countries and 40+ languages. With its intelligent workflow and built-in analytics, ICM provides ongoing contractual insights and best-of-breed contract management. ICM enables customers to increase compliance, improve governance, mitigate risk and enhance user productivity, thereby maximizing ROI and accelerating time to value across the global enterprise. For more information, visit www.icertis.com

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Ironclad

Ironclad is a highly-rated contract management software with an intuitive interface and customizable workflows. It provides advanced security features, integrates with other software, and has excellent customer support. It's an efficient and secure solution for contract management needs.

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Buyer's Guide

Agiloft Contract Management Suite vs. GEP SMART

October 2024

Free Report: Agiloft Contract Management Suite vs. GEP SMART

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DocuSign CLM

SpringCM's platform manages contracts, documents and all types of content. SpringCM includes powerful workflow, mobile and security features that eliminate time-consuming manual steps in critical business processes.

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SirionLabs

SirionLabs is transforming the contracting engagement between enterprises by bringing buyers and suppliers closer together across the full lifecycle of the contract – from authoring to performance to closure.

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SAP Ariba Contracts

Ariba Contract Management solutions are designed to help you overcome these challenges by providing full visibility into contracts, enhancing compliance and reporting, and streamlining the contracting and administration processes. With support for all agreement types, online authoring and negotiation features, and automated performance tracking, alerts, and reporting capabilities, Ariba Contracts helps maximize the value of contractual agreements and improve compliance.

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Lexion

Lexion’s simple and powerful contract management system helps you scale legal and accelerate contracting with email-driven workflows and an AI-powered repository. If you care about actual adoption, minimal change management, and ease-of-use, we’re the solution for you. In a single platform, we make it easy to: (1) Legal Ticketing: manage the intake of requests (contract reviews, legal/privacy/compliance questions, marketing content review, and more);(2) Contract Generation: empower the business to create template contracts on their own;(3) Status Tracking: track/report on the status of projects;(4) KPI Reporting: analyze/report on key performance metrics; and (5) Contract Analysis & Powerful Repository: find and analyze/report about what’s in your contracts with great search and AI.

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See which vendors are best for you

Use our free recommendation engine to learn which Contract Management Software solutions are best for your needs.

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Conga Contract Lifecycle Management (CLM)

Apttus is a robust solution designed to enhance sales and contract management processes, catering to businesses seeking to streamline these critical functions. Its primary use case lies in managing the entire lifecycle of contracts—from creation through approval to execution. Apttus automates quote generation and pricing, ensuring sales teams can quickly deliver accurate quotes while adhering to pricing guidelines and discount structures. The platform also facilitates product configuration, allowing businesses to offer customized products effortlessly. Apttus aids in revenue recognition and compliance, helping organizations maintain financial accuracy and meet regulatory standards. Highly praised for its comprehensive contract lifecycle management, Apttus boasts an intuitive interface that simplifies contract configuration and management, significantly improving operational efficiency. Its robust integration capabilities with other ERP and CRM systems enhance its functionality and provide a seamless user experience. Advanced analytics and reporting tools offer deep, actionable insights for optimizing contract management workflows.

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Agiloft Contract Management Suite

Contract Management that works the way you do“The most customizable contract management system on the market” — PC MagazineWhat we can do for youFlexibility: Agiloft provides a complete contract management system to administer and negotiate agreements with suppliers, partners and customers.Automation: Automate the complete contract lifecycle, streamline your approval process, and integrate contract information.Security: Agiloft is HIPAA, SOX and SSAE16 compliant. It was designed from the ground up to meet the needs of the world's largest and most demanding and security conscious organizations.BenefitsEliminate approval bottlenecks with automatic notifications and one-click email approvals. Our powerful business rules engine keeps your Contract Team running like a finely tuned machine.Keep contracts at your fingertips and retire your file cabinets with a secure, centralized contract repository. Find any contract or clause in an instant with full text search of contracts and attached files.Gain actionable insight into contract costs, renewals, and revenues with configurable budget and forecast reports. Automatic alerts of upcoming expirations mean you'll never miss a renewal opportunity.Join 3+ million happy users“Agiloft is one of the most caring and responsive vendors that I have ever worked with”— Dave Ross, Cal PolyGet more information | Try it now | Request a demoWhat Makes Us DifferentBuilt on an agile platform for rapid configuration of even the most sophisticated requirementsTop ranked by analysts, technical media and production users on B2B review sitesIntegrated with Word, Excel, email. Active Directory and SAML single sign-on for a seamless user experience. REST/WS API'sFully extensible, with 10+ out-of-the-box applications and the flexibility to map any custom business process

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OpenText Contract Center

With OpenText Contract Management, organizations can drive better value and adopt a best practices approach for their contracting operations by streamlining contract management, controlling risks, reducing penalties and lost revenue, and gaining visibility into the entire process.

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Coupa Contract Management

Contracts underpin your revenue and spend and define your rights and obligations, but contracting processes are often inefficient and departmentally siloed. Coupa Contract Management provides control and efficiency across the entire contract lifecycle, allowing contracts to be operationalized for maximum value.

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Determine Contract Lifecycle Management

Determine is a leading global SaaS solutions provider in Source to Pay and Enterprise Contract Lifecycle Management (ECLM). Recognized by major analysts, our pedigree comes from the merging of talent and experience of three pioneering contract management, sourcing and procurement leaders — Selectica, Iasta and b-pack. Together we set a new industry standard with the Determine Cloud Platform, empowering users with applications across the full source-to-pay continuum. Our goal is simple: overcome business complexities. We help companies achieve enterprise success by bringing people, data and business processes together to work in harmony with:· Fast integration, ease of use that speeds user buy-in and ROI· Built-in self-service tools with access to a single source of data truth that empower all users· Business process management weaving all solutions and workflows throughout the enterprise· Modular solutions that add on as needed without re-implementation· Open collaboration for easy-to-add features Unlike point solutions, or “cobbled-together” suites of applications on a platform, our solutions are fully integrated, seamless and intuitive to ensure immediate adoption. With goals aligned, and workflows unified, companies are poised to attain enterprise-level results: saving money, making money and reducing business risk.

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Conga Contracts

Conga Contracts is a comprehensive contract management solution that administers all aspects of the contract lifecycle. It offers an innovative system that allows for contract creation using company standard agreements, negotiating in a secure online environment, and much more.

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JAGGAER Total Contract Manager

Total Contract Manager is designed to improve the contracting process and sets the standard for enterprise contract management best practices. Recognized by industry analysts as the highest-rated contract lifecycle management solution, JAGGAER’s Total Contract Manager enables users to manage the complete contract lifecycle online.

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SpotDraft

Templatize high-volume business contracts with SpotDraft. Enable other business stakeholders to create and send out fully compliant contracts in minutes. Create and edit templates yourself in minutes. Set up custom approval workflows for each template. Auto-insert clauses based on predetermined conditions. Create guardrails to manage risk effectively.

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PeopleSoft Enterprise Supplier Contract Management

Oracle's PeopleSoft Supplier Contract Management creates, maintains, and enforces better Supplier contracts. It is a key component of Oracle PeopleSoft's Supplier Relationship Management (SRM) system, the integrated Procurement suite that dramatically reduces supply management costs. PeopleSoft Enterprise Supplier Contract Management manages the entire supplier contract lifecycle, from authoring, collaboration, and negotiation to execution, status tracking, and compliance. Effectively managing the entire supplier contract lifecycle is critical in reducing spend on goods and services by enforcing contracted pricing with embedded terms and conditions.

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GEP SMART

GEP SMART is an AI-powered, cloud-native

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ConvergePoint Contract Management Software

ConvergePoint's Contract Management Software guides your in-house general counsel and legal team through the entire contract workflow, from contract requests, review, approval and execution through obligation and renewal management. Built on Microsoft SharePoint, our Contract Management Software leverages your existing SharePoint resources, and consists of two modules - Contract Creation and Contract Management - to manage the entire lifecycle. Get greater visibility with our software, which helps keep your organization compliant with tools such as ad hoc reporting, advanced search, real-time dashboards, version history and full audit trails.

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Zycus iContract

A Gartner leader for four years in a row, recognized by Forrester for its cutting-age procurement technology, Zycus was founded in 1998 by Aatish Dedhia to challenge normative procurement practices for more advanced solutions helping global business game up their delivery and market presence. His vision led Zycus to a global clientele starting with GE, Coco-Cola, Porsche, Emirates, and now 300 other global customers spanning across 20 countries.

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Concord

At Concord, we do more than just create and sell an electronic signature and contract management platform that helps contract managers be efficient. Our goal is to assist those whose roles involve any aspect of the lifecycle of managing contracts, from drafting and editing to executing and archiving.

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CobbleStone Systems Contract Insight

CobbleStone Contract Insight Contract Management Software is recognized by many legal, sales, & procurement contract professionals as the most accepted contract management software on the market. Contract Insight Contract Software provides leading contract lifecycle management software to manage all of an organization's contracts for sales contracts, procurement contracts, vendor contracts, joint ventures, non-disclosure and more. Contract Insight is the leading industry-accepted contract management software that is trusted and used by leading commercial companies, Governments, States, banks, healthcare and so many other organizations to manage the customer and vendor contract obligations. Contract Insight is trusted and used by thousands of legal, contract, & procurement professionals.

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Oracle E-Business Suite Contract Lifecycle Management for Public Sector

Contract Lifecycle Management (CLM) is a fully integrated procure-to-pay system. It provides automated and auditable processes from PR Generation through solicitation to entitlement to payments. With an integrated view of finance, acquisition, and supply it facilitates the ultimate closeout of the award. It was designed with the intent to help government organizations to achieve business efficiency by transitioning from disconnected operations, characterized by stove-piped systems, to ones that are cost effective and executed in the fewest steps possible. CLM enables business process standardization, and because it is an integrated with E-Business Suite Financials and Advanced Procurement and is designed with funds control and auditability in mind.

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Optimus BT

Optimus BT, headquartered in Atlanta, is primarily focused on providing an Enterprise Contract Management product targeted for mid-market and large organizations for SharePoint Online, Office 365 and SharePoint on-premise platform. We primarily target all industries with specific focus on life sciences (medical devices, biotechnology, pharma), healthcare, construction, manufacturing, professional services, oil and gas, non-profits, government, among others. We work with organizations all over the world including but not limited to US, Canada, Europe, Australia, Middle East, Asia among others.Our marquee product, eContracts, an enterprise contract management software, is available for SharePoint Online and Office 365, and SharePoint on-premise (SP 2013 and SP 2010). eContracts addresses all aspects of contract lifecycle management process, and provides the following benefits to an organization. a. Easier monitoring of contract performance.b. Ability to keep up with key milestones and obligations.c. Improve contract approval cycle times.d. Setup and manage renewals, cancellations and expirations.e. Onboard customers or vendors faster.f. Track revenue, spend and analyze financial information.g. Integrate CRM and ERP systems for more comprehensive reporting and analytics.

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Symfact

Symfact Contract and Compliance Management Solutions offers the following features:

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Luminance

Built on a proprietary legal Large Language Model (LLM), Luminance uses next-generation AI to automate the generation, negotiation and analysis of contracts.

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Luminance vs Icertis Contract Management

Oracle E-Business Suite Procurement Contracts

Oracle Procurement Contracts is the enterprise application that creates and enforces better purchasing contracts. It is a key component of Oracle Advanced Procurement, the integrated suite that dramatically cuts all supply management costs. Despite the importance of contracts governing supplier relationships and the huge sums of money involved, the process of managing contracts is error-prone and lacks meaningful controls. Unfortunately, without proper oversight, contract negotiations can be lengthy and unpredictable and the resulting contracts can expose an organization to risk.

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Oracle E-Business Suite Procurement Contracts vs DocuSign CLM

Contractbook

Contractbook’s contract management software empowers modern businesses to turn manual processes into fully automated workflows. Funded by investors including Tiger Global, Bessemer Venture Partners, and Gradient Ventures, Contractbook was founded in Copenhagen in 2017 and serves over 250,000 users in more than 85 countries.

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CellarStone MaxAgreement

MaxAgreement is a Contract Lifecycle Management (CLM) solution that helps you track the life of your contracts and/or agreements with vendors, clients, partners and other parties, from start to finish.

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CloudSense

CloudSense brings your customers and company together on one commerce platform for every product you sell and on every channel you sell, built on Salesforce.

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RazorCube Legal Contract Management

PracticeLeague Contract Management Software is an integrated platform, which helps your team reduce cycle time, avoid bottlenecks, and eliminate risks in your contractual processes, while improving visibility into contractual obligations. The scalable contract management solutions are designed to bring together fragmented contract data from various sources and create dynamic reporting. The robust solution is powered by AI and Blockchain capabilities and it is designed to simplify the requisition, drafting, redlining, negotiation, execution and administration of all kinds of contracts; on the buy-side and sell-side along with corporate agreements. ultimately impacting your revenue and ROI.

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Review

AI-enhanced contract review. Pioneering AI playbooks drive consistency, accuracy and speed. Remove manual tasks and focus on strategy rather than routine work. Speed up your processes with effortless review and negotiation.

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Oracle E-Business Suite Project Contracts

To deliver on complex, project-driven commercial and government contracts, you need to proactively manage contractual obligations, ever-changing contract specifications, and complex relationships among customers, subcontractors, vendors, and your company. Fine-tune your contract operations with robust authoring of all types of contract documents, workflow-based contract management, advanced deliverable tracking, as well as comprehensive multi-source, multi-currency contract funding.

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Oracle E-Business Suite Sales Contracts

Oracle Sales Contracts is a comprehensive solution that enables companies to standardize their corporate contract policies, improve internal controls, and comply with all contractual obligations and regulatory requirements. It enables easy, consistent, and secure creation and management of sales agreements across all selling channels, including field sales, telesales, and e-commerce. Oracle Sales Contracts is part of the E-Business Suite family of Sales applications. From identifying prospects to fulfilling orders, Oracle Sales Applications increase the effectiveness of your sales reps by automating every phase of the sales process.

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Gatekeeper

The Gatekeeper Platform provides a suite of Vendor Management, Contract Management, Kanban Workflow, Collaboration and Reporting features.Customers can extend the functionality of Gatekeeper with additional modules to meet their required use-cases, as well as integrating with over 220 third party solutions.

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Juro

Empower your business with Juro's flexible, collaborative platform for creating, agreeing and managing contracts. Bring all of your contracting processes together with Juro's all-in-one contract collaboration platform. Draft contracts from automated templates and refine them with Juro’s AI Assistant. AI Assistant helps you draft, summarize and review contracts up to 10x faster, from within the Juro platform.

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Revnue

Revnue is the next-gen Contract Management Platform that leverages advanced AI, ML, NLP, and deep learning technologies to combine the power of contract metadata with human knowledge and market data, delivering insights that not only help enterprises manage their contracts efficiently but also reclaim significant financial value by uncovering hidden opportunities.Features:• Unified view of contracts, assets, services, customers, and suppliers• Buy-side and Sell-side• Customer / Supplier management• Rev[AI]• Advanced Analytics / Reporting• Smart Inbox / Search / Reminders• Custom Fields• Multi-user support• Powerful API integrations• Zapier App• and more!

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Zegal

Zegal is much more than a legal template vendor. It offers a complete platform to create, sign, manage, and store legal documents online. With Zegal, your business can tailor custom-branded documents and manage workflow and document approvals, all in the one system.

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Oneflow

Use one tool to cover all your contract needs. Create dynamic digital contracts, collaborate inside your contracts in real-time, sign securely with legally binding signatures, and keep track of all contracts in your organized single source of truth. All of your teams in one place, but with user permissions, workspaces, and integrations tailored to your workflows. Secure signing with a number of signing options. Keep commenting and editing even after the contract is sent. All of your contracts stored in one place. Easy to find, and easy to analyze with contract metadata exported into spreadsheets.

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Harbour

Fast, flexible, scalable contract management. Harbour scales your workflows before, during, and after contracts are signed. Unlock your opportunities with powerful integrations, extractions, and information about your agreements.

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Fabasoft PROCECO

Fabasoft is a software company that provides solutions for business process automation and management. Its products are used by organizations of all sizes to improve their efficiency, productivity, and compliance.Fabasoft's core product is Fabasoft PROCECO, a business process management (BPM) platform. PROCECO helps organizations to automate their business processes, from simple workflows to complex processes that involve multiple departments and systems. PROCECO also includes features for process modeling, execution, monitoring, and analysis.

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Fabasoft eGov

Fabasoft eGov is a suite of software products that helps public administrations to digitize their processes and improve their services. It includes a variety of features, such as records management, document management, case management, and workflow automation. Fabasoft eGov is a modular platform, so organizations can choose the features that they need and add more features as needed. Fabasoft eGov is also highly scalable, so it can accommodate the needs of public administrations of all sizes. Fabasoft eGov is used by public administrations in a number of countries, including Germany, Austria, and Switzerland.

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ContractHero

ContractHero provides a seamless approach for contract management, enabling businesses to efficiently handle agreements and related tasks. Its user-centric design and functionalities enhance compliance and project tracking, making it suitable for companies aiming to streamline contract-related operations.

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Mellow

Users appreciate Mellow for efficient task management and project tracking with its intuitive design, real-time updates, and seamless integration. Customization options allow tailoring functionalities to project needs. The analytics dashboard provides detailed insights for tracking key metrics. Some users mention occasional slow performance, unreliable notifications, and outdated layout, causing some to seek alternatives.

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Document Crunch

Document Crunch streamlines contract review processes and offers valuable features like automated clause detection. It simplifies complex document analysis. Potential improvement lies in expanding integration capabilities with existing software. This enhances its usefulness in diverse working environments.

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