10 Best Contract Management Software of 2024 (Updated)


Steve Bennett
Steve Bennett
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Contract Management Software is one of the most important software you currently need. We know!

Today’s Contract Management Softwares are incredibly versatile, and because of strong competition, have remained a relatively low-cost investment for most.

Currently, with dozens of options available for Contract Management Software in the market – finding the right Contract Management Software of 2024 can be tricky.

So we spent dozens of hours researching and testing everyone we could get my hands on.

Based on our experience with the apps, here are 10 Best Contract Management Software. Click on any app to learn more about why we chose it, or keep reading for more context on Contract Management Software.

What is Contract Management Software?

Contract management software automates the creation, tracking, and monitoring of contracts. Professionals involved in the contracting process, such as salespeople or account representatives, are tasked with defining terms and service level agreements amending agreements, and executing contracts. Legal departments on both sides of a deal participate in the contracting process to ensure compliance with laws and regulations as well as internal cohesion.

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10 Best Contract Management Software

1
PandaDoc

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PandaDoc empowers more than 30,000 growing organizations to thrive by taking the work out of document workflow. PandaDoc provides an all-in-one document workflow automation platform that helps fast scaling teams accelerate the ability to create, manage, and sign digital documents including proposals, quotes, contracts, and more. For more information, including pricing and product features, visit us at www.pandadoc.com.

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2
Proposify

Proposify is the online proposal software that gives you control and visibility into the most important stage of your sales process. The close. From deal design to sign-off, get the confidence and flexibility to dominate deals. Create impressive sales documents that stay consistent and error-free. Receive the insights to scale your process, make timely engagements, and accurately forecast. Deliver a seamless sign-off experience for your customers and prospects. Features include a flexible and user-friendly design editor, electronic signatures, CRM integrations, data-driven insights, interactive pricing, content management, approvals, and so much more. If you’re ready to give your sales team the competitive edge, visit our website or book a demo at https://www.proposify.com. .

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3
LinkSquares

LinkSquares offers true end-to-end CLM with powerfully intuitive solutions for pre-signature, e-signature, and post-signature, all built for today’s Legal teams and powered by AI. LinkSquares offers a natively built e-signature tool, proprietary OCR, full-text search, contract templating and self-service drafting, custom reporting and notifications, version control, powerful integrations, and automatic extraction of 100+ critical contract dates, clauses, and terms. Founded in 2015 and based in Boston, LinkSquares manages the contracts of some of the world’s best companies, like ProPharma, Bottomline, Drift, DraftKings, Fitbit, Igloo, TGI Fridays, and Wayfair. .

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4
Genuity

Genuity builds tools to help businesses and IT leaders navigate the IT market, optimize their technology spend, and improve their bottom line. Our goal is to level the playing field by shining a light into the black box of IT. We’re empowering businesses to make informed decisions about the technology behind critical operations through software and community..

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5
Revv

Revv, a modern eSignature solution, pushes the boundaries of document automation and workflows. Revv gives you the flexibility to create documents from its rich template library or upload and send external WORD/PDF documents for electronic signatures. Additionally, it offers various signature types to meet every possible eSignature scenario. Whether you want to generate bulk documents for electronic signatures or obtain signatures on fillable web forms, Revv makes everything possible. It provides instant notifications, document analytics, and audit trails to keep you updated. Revv doubles the protection of your eSigning process with email and SMS authentication. Revv offers a robust proof of eSignature with state-of-the-art evidence management. It also offers video authentication for clickwrap signatures. Integrate business apps with Revv to simplify complex tasks and run your signing process seamlessly. Revv is an all-in-one, no-code eSignature platform to run your business anywhere, anytime, and from any device. Revv provides robust protection and operates in a secure environment with multiple levels of encryption and compliance with local laws. BENEFITS: BETTER GOVERNANCE AND COMPLIANCE – Revv complies with ESIGN Act, UETA, and eIDAS regulation, which makes all eSigned documents legally binding. Revv meets all the requirements of electronic signatures. – Intent to sign: Revv confirms the signers’ intent by requesting signers to submit the electronic signatures. – Consent to do business electronically: Revv meets the consent requirement by asking signers to confirm their signatures before submitting the document. Revv also gives recipients an option to decline the signature request. – Signature attribution: Build document control with a full audit trail of each transaction. Revv satisfies signature attribution by capturing and storing all actions with the date and time stamps, signers’ details, and IP addresses. – Record retention: Revv automatically creates a copy of signed records and sends it to both the sender and the recipient to maintain their transaction proofs. POWERFUL FEATURES TO CREATE NEW POSSIBILITIES WITH ELECTRONIC SIGNATURES & MAXIMIZE THE BUSINESS BENEFITS – – Create dynamic fields as form fields in the template and speed up your document creation process. Use the chosen template, add custom details in the form fields, and send it to customers to fill in the required information, and eSign the documents. – Flexibility to upload & send your PDF or DOCX files, edit them, and send for electronic signatures. – Gather crucial data from the signers in the form of text or image using the ‘Fill and Sign’ feature. – Ready-to-use templates and a rich editor to instantly create and customize business documents and increase business conversion rates. – Automate sending a document to multiple recipients using the Bulk Send feature and increase your productivity. – Configure eSignature workflows by integrating your everyday business apps through Zapier, Retool, and Native APIs, and save more time, money, and resources. – Liberty to choose the signature type – click-to-sign, draw a signature, or click-to-initial. – Real-time tracking and analytics to intervene and engage customers at the right time. – Multiple choices to get documents signed online via email, shareable links, fillable web forms, or API integrations. UNPARALLELED SECURITY – – Compliance with global and local eSignature laws and latest industry standards. – Two-factor (SMS and email) authentication to guarantee the identity of the signers. – High-level security with AWS global cloud certification (CSA, SOC 1, SOC2, and ISO 27001) to protect your data at every step. – PCI DSS compliant payment gateways LIFE-TIME STORAGE – Revv provides cloud-based storage that keeps your records safe, organized, and easily accessible – forever. ENHANCED CUSTOMER EXPERIENCE – – Send documents instantly to mobile devices via SMS, and reduce customer drop-out rates. – Collaboration features to interact with customers and team members within the documents and accelerate the signing process. A DIY PLATFORM THAT REQUIRES NO CODING SKILLS – Revv is very simple to use and easy to navigate. Its intuitive interface requires no external help or special skills. A SUPPORT SYSTEM BUILT TO EMPOWER CUSTOMERS – – A customer support team of experts that go above and beyond to empower your business. – 24/7 chat support – Multi-language support for documents – Support for designing and creating templates – Help center, support articles, and videos to guide you throughout the process .

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6
Concord

Concord is the only tool you need for all your contracts. Spend less time juggling between applications, editors, and e-signature tools and save money. Over 500,000+ companies trust Concord with their contracts. With Concord, you can: -Draft, negotiate, sign, and manage every contract across your organization — all in one place -Work the way you want — on Concord, Word, or Google Docs -Collaborate with everyone — your teams, customers, and vendors -Get started in minutes, not months Key features that Concord offers: -Conditional approval workflows so that every contract is reviewed by the right person (and only that person) -Private comments and versioning for more effective contract negotiations -Clause library for all pre-approved clauses, to add to contracts as-needed -Templates to streamline the contract drafting process -Unlimited, free e-signatures -Unlimited contracts .

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7
Ironclad

From making to managing to storing, Ironclad Digital Contracting streamlines every part of your company’s contract process — so you can focus on legal work, not paperwork. Legal teams at Asana, Dropbox, L’Oréal and Staples use our platform to collaborate on contracts, negotiate better deals and mitigate business risk, even while working remotely. “Once you see how seamless and easy and intuitive Ironclad is… you will be hooked quickly.” — Elyssa Dunleavy, L’Oréal AVP, Associate Counsel Ironclad was named one of the 20 Rising Stars as part of the Forbes 2019 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world. In addition, Ironclad has been recognized for its breakthrough product and strong employee culture on Fast Company’s 100 Best Workplaces for Innovators, alongside companies including Google and Slack. The company is backed by investors like Accel, Sequoia, Y Combinator and Emergence Capital. .

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8
Workday Strategic Sourcing

Workday Strategic Sourcing (formerly Scout RFP) is a leading cloud-based platform for strategic sourcing and supplier engagement, trusted by teams to streamline and re-imagine procurement processes. Learn more at https://www.workday.com/en-us/products/spend-management/strategic-sourcing.html.

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9
Evisort

Founded in 2016 by Harvard Law and MIT alumni, Evisort is the leading provider of contract management and AI technology for legal, procurement, sales, finance, and IT teams. Evisort’s Contract Intelligence Platform delivers rapid ROI in 30 days by centralizing contracts with no migration, using AI to track and search metadata and provisions without manual data entry, and enabling teams to draft, redline, approve, sign, report on, and renew contracts. Evisort is headquartered in Silicon Valley and backed by leading strategic and institutional investors including General Atlantic, Vertex Ventures, M12 (Microsoft’s venture fund), Amity Ventures, Village Global, and Serra Ventures. .

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10
Conga Contract Intelligence

Contract Wrangler is an AI-driven contract performance platform that maximizes revenue, controls spend and protects against risk. It autonomously captures complex contract data and transforms it into proactive alerts and tasks that keep you from ever missing an obligation or milestone. The platform provides full visibility into contract information, verifies every detail through qualified attorneys, and automatically distributes insights across your entire business for greater efficiency and scale. .

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What is the Best Contract Management Software?

Here are our top picks for the Best Contract Management Software to try this year.

How to Choose Best Contract Management Software?

There are many different contract management tools to choose from, and you should always start with a thorough evaluation of your team’s needs before deciding on a solution. The best contracts management software will automate tedious, manual processes, and bring greater peace of mind to your team and clients. In addition, automated contract management solutions will help you keep pace with your competitors. Using a contract management system will also allow you to create and manage contracts in a more efficient manner, without the need to use a separate application.

First, make sure that you can customize your contract management software. While most tools provide some level of customization, some offer more functionality. For example, a good contract management tool should allow you to make changes to documents, document types, and dashboards. While you don’t want to have too many customization options, you also want to make sure that you can access all contracts from anywhere. If you need to access your contracts outside of your company, you can use an external platform.

Once you have determined your needs, you need to determine the right contract management software for your company. Your team members should be willing to try it out. If they feel comfortable using the product, they will be more likely to stick with it and use it in the long run. It should also be compatible with existing tools. In addition, you should make sure that the implementation process will go smoothly for your sales and HR teams. It’s also a good idea to consider how much time you’ll need to spend learning the software, since it will disrupt your daily activities.

Finally, you should consider how customizable your contract management software is. While most CMS tools offer some degree of customization, some have more flexibility than others. You should be able to change the text, formatting, and color of individual documents and customize the dashboard. You should also be able to adjust the software for your unique needs, such as allowing your employees to make amendments to existing contracts. The best contract management software also allows you to make changes to documents or document types.

The best contract management software will allow you to automate the creation, review, and analysis of contracts. Its main function is to manage multiple contracts at the same time. Once you have a good understanding of the features and capabilities of your contract management software, you can choose the right one for your company. You will want to keep your employees and clients updated on new developments in the software you use. If you need to manage more than one client, contract management software should allow you to do so quickly.

A good contract management software will allow you to create and manage contracts quickly and accurately. It will also free up your time. Choosing the right solution for your company will ensure that your contracts are accessible and easily searchable. If you’re looking for a better contract management software, you’ll be happy with your decision. You’ll save time and money and your clients will thank you. A good contract management solution will make your life easier.

The best contract management software will streamline the creation and management of contracts. It will automatically update contracts with the latest terms and conditions. It will also provide audio tracks for each change in a contract. In addition, a good contract management solution will minimize the risk of errors and keep your clients happy. When choosing a contract management software, make sure to find one with the features and functions your team needs. This way, you’ll be able to focus on the business’s needs.

While most contract management software are best-of-breed, some are better-suited for specific industries. Some offer more functionality than others. For example, a contract management software for a business will need to integrate with CRM, ERP, and supply chain management solutions. The best contract management software will be able to centralize all the documents related to contracts, making it easier to find them when you need them.

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FAQ’s

What Is Contract Management Software?

Contract management software is a type of software that can be used to help manage and control the process of creating, negotiating, and executing contracts. It can be used to manage all aspects of the contract process, from the initial proposal to the final execution.

Are There Any Free Contract Management Software?

There are a lot of contract management software that are free to use. You can find these software on the internet and they are very easy to use.

Is Contract Management Software Easy To Learn?

Contract management software is a great tool to help manage your contracts and deadlines. The software can be difficult to learn, but the benefits of using it make it worth the time.

Is Contract Management Software Worth It?

Contract management software is a great way to manage your contracts and keep them in order. It also saves time by eliminating the need to go through and manually enter information.Contract management software can be a great tool for your business. It can save you time, money, and hassle.

What Can Contract Management Software Do?

Contract management software is a great way to keep track of the contracts you have signed. Contract management software will allow you to keep track of what contracts you have signed, when they expire, and when they need to be renewed.

How To Use Contract Management Software Effectively?

Contract management software is a great way to keep track of all your contracts and make sure you are always on the right side of the law. The first step is to make sure you have the right contract management software.

I know you want to use Contract Management Software, thus we made this list of best Contract Management Software. We also wrote about how to learn Contract Management Software and how to install Contract Management Software. Recently we wrote how to uninstall Contract Management Software for newbie users. Don’t forgot to check latest Contract Management statistics of 2024.

Contract management software serves as a comprehensive solution that handles the end-to-end lifecycle of contracts. By digitizing and automating processes, it eliminates the risks associated with manual handling of documents. Gone are the days of sifting through countless email exchanges or struggling to locate crucial information amidst a pile of paperwork. With contract management software, accessing, storing, and organizing contracts becomes a breeze, making information retrieval efficient and convenient.

Collaboration is key to successful contract management, and sophisticated software fosters seamless teamwork. It allows multiple users to access and work on a contract simultaneously, breaking down geographical barriers and facilitating real-time collaboration. Built-in commenting and editing features offer the ability to communicate and propose changes, ensuring all stakeholders are on the same page. Additionally, audit trails track revisions, providing a clear history of document changes and enhancing accountability.

Contract software also ensures compliance with legal and business requirements, reducing risks associated with contract breaches or non-compliance. Businesses can proactively monitor key dates and milestones, ensuring contract renewals and terminations are handled timely. Automated reminders and alerts safeguard against missed deadlines, preserving valuable relationships and avoiding costly penalties. Additionally, centralized data storage minimizes the risk of data loss or breaches.

The benefits of contract management software extend beyond improving processes; they provide valuable insights for strategic decision-making. Quality software offers robust reporting and analytics capabilities, enabling organizations to gain a holistic view of their contract portfolio. Understanding contract status, performance, and overall compliance helps identify areas for improvement, strengthens negotiations, and aids in maintaining a competitive edge.

Contract management software also supports scalability and growth. With increasing business complexity and expansion, the volume of contracts rises exponentially. Investing in a reliable system ensures the ability to handle larger volumes with ease and greater efficiency, enabling organizations to grow without constraints.

Today’s businesses operate in a digital era, where speed, accuracy, and transparency are crucial. Embracing contract management software becomes a necessity rather than a luxury. Failure to do so can lead to missed opportunities, legal complications, damaged relationships, and costly inefficiencies.

In conclusion, the significance of contract management software cannot be underestimated. It revolutionizes the contract management lifecycle, addressing challenges while improving efficiency, minimizing risks, enhancing collaboration, and providing valuable insights. Investing in reliable contract management software not only streamlines operations but also secures organizations with a solid foundation to thrive in a dynamic and competitive business environment.

Why Contract Management Software Are So Important

One of the main reasons why contract management software is so important is because it helps streamline the entire contract management process. By centralizing all contract information in one place, software tools make it easy for companies to store, organize, and access all of their contracts and related documents. This not only helps improve efficiency but also reduces the risk of misplacing important documents or missing key deadlines.

Furthermore, contract management software enables organizations to automate many of the time-consuming tasks associated with managing contracts. From generating agreements to tracking key milestones and renewals, software tools can greatly reduce the manual work involved in contract administration. This not only saves time and resources but also helps ensure that contracts are managed consistently and accurately.

Another critical feature of contract management software is its ability to enhance collaboration and communication among different stakeholders. By providing a centralized platform for all parties involved in the contract management process, software tools enable real-time collaboration, feedback, and approvals. This transparency and visibility not only help streamline decision-making but also foster better relationships between all parties involved.

Moreover, contract management software can provide valuable insights and analytics to help companies optimize their contract management processes. By analyzing contract data and identifying trends, companies can gain a deeper understanding of their contracting practices, risks, and opportunities. This, in turn, can help companies make more informed decisions, improve their negotiation strategies, and ultimately enhance their overall contract management performance.

In addition to streamlining processes, improving collaboration, and providing valuable insights, contract management software also plays a crucial role in ensuring compliance and mitigating risks. With the increasing regulatory scrutiny and the growing complexity of legal requirements, companies need robust tools to help them stay compliant and minimize their exposure to legal risks. Contract management software enables companies to track key compliance obligations, manage risk factors, and maintain audit trails to ensure full legal compliance.

In conclusion, the importance of contract management software cannot be overstated in today’s business environment. From streamlining processes to enhancing collaboration, providing valuable insights to ensuring compliance, software tools play a critical role in helping companies effectively manage their contracts and mitigate risks. As businesses continue to expand their operations and enter into complex agreements, investing in high-quality contract management software will not only help companies stay competitive but also drive operational efficiency and profitability in the long run.

In Conclusion

Choosing the best Contract Management Software is not a difficult task when you have all the details and requirements. Most of the above-mentioned Contract Management Software have impressive and user-friendly features.

Now, it is up to you which software you’d pick up that meets your requirements.

Consider the effectiveness and efficiency of each Contract Management Software, including the features and capabilities. You must also evaluate your objectives, required functions, and budget before choosing the right Contract Management Software of 2024. See which will give a great deal.

If you still have questions about choosing the best Contract Management Software, leave a comment below. I’d love to assist you.

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