Contract management software is necessary to make the whole contract life cycle simple, from creation and negotiation to signing and renewal. The software helps companies easily automate contract processes, reduce legal risks, and increase compliance while encouraging better team collaboration. Contract management software is required by law professionals, procurement teams, HR teams, finance executives, and organizations with high contract volumes.
Proper software may streamline time, reduce human mistakes, and optimize operational efficiency in total. With these factors to keep in mind in order to consider the optimum 15 agreement management solutions, we considered the following significant criteria: automation elements, AI-supported analysis, connectivity to third-party systems (i.e., CRM, ERP, e-sign solutions), usability, safety, extensibility, and cost. The solutions cater to firms of all sizes, from small firms to large organizations, and offer varied industry and compliance-driven solutions. Also, check out our guide on the best synthetic monitoring tools.
Criteria for Selecting the Best Contract Management Software
- Automation Capabilities: Automating contract workflow, approvals, and reminders for better efficiency and decreasing manual effort.
- AI-Powered Insights: Enhanced risk identification, AI-based contract analysis, and improved decision-making and compliance monitoring.
- Integration Support: Tight integration with third-party tools such as CRM (Salesforce), ERP (SAP), and e-signature tools (DocuSign, Adobe Sign).
- Ease of Use: Simple, intuitive interface and navigation to ease adoption by procurement, legal, and finance teams.
- Security & Compliance: Robust encryption, role-based access controls, and industry-standard compliance (SOC 2, GDPR, HIPAA).
- Scalability: Scalability to accommodate businesses of any size, from small startups to large enterprises, with scalable features and pricing.
- Collaboration Capabilities: Versioning, audit history, and in-product messaging for streamlining contract negotiation during real-time collaboration.
- Document Repository: Central repository, high-level search capability, and library of clauses to simplify storage and retrieval of contracts.
- Flexibility & Customization: Flexible workflows, templates, and reporting capabilities to address individual business requirements.
- Cost & Licensing: Well worth it, clear cost models, and test offers for suitability test before buying.
List of Top 15 Contract Management Software
1. DocuSign CLM
DocuSign CLM (Contract Lifecycle Management) is an end-to-end solution that helps businesses automate contract drafting, negotiation, signing, and storage. It complements DocuSign’s e-signing capabilities and includes automation tools to drive productivity. With workflow automation, version history, and artificial intelligence-driven contract analysis, it simplifies contract management for legal, sales, and procurement teams.
DocuSign CLM provides compliance, reduces risk, and speeds up contract processing. It is broadly used by numerous industries, thereby ideal for those organizations that need an end-to-end contract management solution with top-of-the-line digital signature abilities.
Key Features:
- Automated workflows for contract approval and execution
- AI-driven contract analysis and risk detection
- Secure document storage and version control
- Seamless integration with CRM and ERP systems
Pros:
- Industry-leading e-signature integration
- Strong security and compliance features
Cons:
- Higher pricing compared to competitors
- Can have a learning curve for new users
Pricing:
Custom pricing (contact DocuSign for a quote)
Who Should Use It?
Enterprises, legal teams, and businesses that require advanced contract automation with legally binding e-signatures.
2. Agiloft
Agiloft functions as a no-code solution that enables users to create, approve, and save contracts effortlessly. Companies operating on Agiloft’s user-extensible platform obtain the means to adapt workflow templates and rules according to their business needs. Looking up businesses’ contracts has become easier with Agiloft’s analytical support provided by AI, leading to enhanced compliance monitoring.
The Agiloft platform connects effortlessly to both Microsoft 365 and Salesforce, and it ensures smooth data transfer without any data inconsistency. Agiloft enables smooth teamwork and reduced security exposure through rules controlling user access and automatic notifications. Agiloft represents the ideal selection for organizations of every operational scale because it provides both flexible functionality and automatic contract management solutions.
Key Features:
- No-code customization for tailored workflows
- AI-powered contract analytics and risk assessment
- Seamless integrations with Salesforce, Microsoft, and more
- Automated approval workflows and e-signatures
Pros:
- Highly flexible and customizable without coding
- Strong compliance and audit trail features
Cons:
- UI can feel outdated and complex for new users
- Requires setup time to optimize workflows
Pricing:
Custom pricing (available upon request)
Who Should Use It?
Organizations needing a highly customizable contract management solution with automation and compliance features.
Also Read: Best Customer Engagement Platforms
3. PandaDoc
PandaDoc functions as an accessible contract management system that enables users to create documents alongside electronic signature abilities along with automated follow-ups. Users benefit from a drag-and-drop interface that lets them generate contracts through selected templates while setting workflows to gain instant approval of contracts. Real-time contract engagement monitoring is possible through the detailed analytics feature of PandaDoc.
PandaDoc connects seamlessly with the popular CRM systems HubSpot and Salesforce to satisfy the needs of sales teams. Despite its simple operation and budget-friendly terms, PandaDoc serves as an ideal contractual management system for enterprises of various sizes, along with newly emerging businesses and operational teams requiring cost-effective solutions.
Key Features:
- Drag-and-drop contract builder with pre-made templates
- Real-time collaboration and document tracking
- Integrated e-signatures and approval workflows
- CRM integrations with HubSpot, Salesforce, and more
Pros:
- Easy-to-use interface with minimal learning curve
- Affordable pricing for small and medium businesses
Cons:
- Limited advanced automation features compared to enterprise solutions
- Some integrations require higher-tier plans
Pricing:
Starts at $35/user/month
Who Should Use It?
Small to mid-sized businesses looking for a user-friendly contract management solution with e-signatures.
4. Ironclad
Ironclad is an artificial intelligence-based contract lifecycle management software for legal teams. It streamlines contract authoring, negotiation, approval, and tracking, and closes deals rapidly while remaining compliant. Ironclad’s AI-driven contract analysis gives contract obligations and risk insights. Ironclad plugs into cloud storage, CRM, and collaboration applications, and automates contract processes across departments. Its simplicity of use and automation features have turned it into a favorite among companies seeking to automate contract administration and reduce legal risk through intelligent automation.
Key Features:
- AI-driven contract analysis and risk detection
- Automated workflow approvals and tracking
- Secure cloud-based repository with version control
- Seamless integrations with CRM, ERP, and collaboration tools
Pros:
- Advanced AI capabilities for contract intelligence
- Designed specifically for legal professionals
Cons:
- High pricing, making it less suitable for small businesses
- Complex setup and learning curve
Pricing:
Custom pricing (contact Ironclad for a quote)
Who Should Use It?
Legal teams and enterprises looking for AI-driven contract automation and risk management.
5. Conga Contracts
Conga Contracts is a contract lifecycle management solution that works end-to-end and is integrated with Salesforce and other business applications. Conga offers automated contract creation, clause libraries, and approval through workflows to automate contract processes. Conga’s artificial intelligence-based analytics provide performance and compliance insights for contracts. Conga automates collaboration among sales, procurement, and legal teams to minimize contract risks and increase efficiency. Its strong integration with CRM solutions means it is well-suited to companies that already use Salesforce as their customer relationship management and contract execution platform.
Key Features:
- Automated contract drafting and approvals
- Compliance tracking with audit logs
- Seamless Salesforce integration
- Customizable reporting and analytics
Pros:
- Strong integration with Salesforce for contract automation
- Customizable workflow automation
Cons:
- Limited functionality outside the Salesforce ecosystem
- Can be complex for first-time users
Pricing:
Custom pricing (contact Conga for details)
Who Should Use It?
Sales teams and enterprises using Salesforce that need contract automation and compliance tracking.
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6. ContractWorks
ContractWorks is an economical contract repository and management system intended for small and mid-sized organizations. ContractWorks features artificial intelligence-driven contract search, automated reminders for important deadlines, and report customization. ContractWorks allows document storage in a safe environment with role-based permission to access data, thus keeping data secure. The simplicity and affordability of the platform make it a wonderful solution for organizations seeking an easy-to-use contract management system without the complexity and expense of enterprise-class solutions.
Key Features:
- AI-powered document tagging and search
- Automated contract reminders and alerts
- Secure cloud-based contract repository
- Role-based user access control
Pros:
- Cost-effective solution for small and mid-sized businesses
- Easy to implement with minimal training required
Cons:
- Lacks advanced contract negotiation features
- Limited third-party integrations
Pricing:
Contact for pricing
Who Should Use It?
Small and medium businesses needing a budget-friendly contract storage and tracking solution.
7. Icertis Contract Management
Companies use Icertis Contract Management as their enterprise-class contract intelligence tool for managing contracts from beginning to end. Users can benefit from AI-powered analysis together with risk monitoring and automated workflows that advance contract operations. The integration capabilities of Icertis with major ERP and CRM solutions help large enterprises achieve easy integration of the system. Companies with extensive and complex portfolios distributed across numerous departments and geographic locations should use this solution because of its strong analytics capabilities and compliance tracking system.
Key Features:
- AI-powered contract insights and risk management
- Customizable contract workflows
- Integration with ERP, CRM, and procurement systems
- Advanced compliance and analytics features
Pros:
- Highly scalable for large enterprises
- Strong AI-driven analytics and automation
Cons:
- High cost may not be suitable for small businesses
- Requires training to utilize advanced features fully
Pricing:
Custom pricing (contact Icertis for details)
Who Should Use It?
Large enterprises needing AI-powered contract intelligence and compliance management.
8. LinkSquares
LinkSquares is a contract analysis and management software based on artificial intelligence that simplifies the review of contracts, extraction, as well as tracking of compliance for companies. It provides insights into contract obligations, renewal dates, and areas of risk with machine learning, which means that legal teams can automate mundane work and make their work more efficient.
It also pairs wonderfully with cloud storage and collaboration software for single-pane-of-glass contract management. Its intelligent search and analytics features enable it to monitor contract history and obligations with ease. LinkSquares is ideal for businesses looking for a scalable and effective contract management solution with AI-powered automation.
Key Features:
- AI-powered contract search and analysis
- Automated contract approvals and tracking
- Secure document storage and organization
- Integration with Salesforce, Slack, and other tools
Pros:
- Powerful AI analytics for contract insights
- Fast implementation with an intuitive UI
Cons:
- Lacks full contract authoring capabilities
- Limited customization options for workflows
Pricing:
Custom pricing (contact LinkSquares for details)
Who Should Use It?
Legal teams and enterprises that need AI-powered contract analysis and organization.
Also Read: Best Help Desk Software
9. Evisort
The AI-powered contract lifecycle management technology from Evisort assists organizations in managing their contracts through the creation of storage and analytical processing applications. Lowering contract exam time can be achieved through the AI-powered search engine, which also reveals critical terms and potential risks together with immediate analytical insights. Evisort allows stakeholders to connect with standard business applications so they can manage workflow automation without effort.
Organizations can address legal concerns through its exceptional analytical capabilities to maintain both compliance along risk management objectives. Evisort meets the requirements of organizations that need data-driven contract management solutions along with automation to boost legal and procurement operations.
Key Features:
- AI-powered contract analytics and risk assessment
- Customizable workflow automation
- Secure cloud-based repository with version control
- Seamless integrations with enterprise tools
Pros:
- Advanced AI capabilities for contract intelligence
- Strong security and compliance features
Cons:
- Expensive compared to other solutions
- Requires training for optimal use
Pricing:
Custom pricing (contact Evisort for a quote)
Who Should Use It?
Enterprises needing AI-driven contract lifecycle automation with compliance tracking.
10. Juro
Juro is an automated contract platform for business and legal teams seeking a streamlined contract process. It has a no-code editor for contracts, approval flows automated, and e-signatures integrated to simplify signing contracts. Contract review by AI from Juro speeds up negotiations, and cloud storage ensures easy accessibility and management of contracts.
With seamless collaboration features and a simple-to-use interface, Juro is particularly suited for startups and high-growth companies looking for an affordable, scalable, and simple-to-deploy contract management solution with automation and electronic signature capabilities.
Key Features:
- Drag-and-drop contract editor
- Real-time collaboration and approval tracking
- Automated contract workflows
- Integration with Slack, Salesforce, and more
Pros:
- Intuitive UI with minimal learning curve
- Strong collaboration features
Cons:
- Limited customization for advanced users
- Some integrations require higher-tier plans
Pricing:
Custom pricing
Who Should Use It?
Startups, legal teams, and small businesses needing a user-friendly contract management solution.
11. Gatekeeper
Gatekeeper is a vendor and contract management software that enables companies to automate, comply, and gain more visibility into contract portfolios. It includes AI-driven contract analysis, renewal reminders, and risk evaluation. The centralized dashboard of the platform gives real-time visibility into vendor relationships and contract performance.
Gatekeeper integrates with multiple business applications so that contracts can be managed easily within existing workflows. Its ease of automation and accessibility make it an excellent option for legal, procurement, and finance departments managing many vendors and contracts within an organization.
Key Features:
- AI-powered contract analytics and tracking
- Automated reminders for renewals and approvals
- Customizable contract workflows
- Secure cloud-based repository
Pros:
- Strong vendor and risk management features
- Easy-to-use interface
Cons:
- Can be expensive for small businesses
- Limited customization options
Pricing:
Custom pricing (contact Gatekeeper for details)
Who Should Use It?
Procurement teams and businesses needing vendor and contract lifecycle management.
12. Concord
Concord is a cloud contract management tool that offers seamless collaboration on contracts, e-signing, and compliance tracking. The users can author, negotiate, approve, and sign contracts all within one platform without needing multiple tools. The automation feature offered by Concord automates contract procedures to save effort with minimal involvement of human beings, yet remains consistent in results.
Its in-document reporting and analytics provide insight into contract performance and obligations. Its ease of use, affordability, and secure cloud storage make it the top solution for small to medium-sized enterprises looking for a single-source solution for managing their contracts.
Key Features:
- Contract collaboration and real-time editing
- Integrated e-signatures
- Automated contract renewal tracking
- Secure cloud storage with access controls
Pros:
- Simple and affordable for small businesses
- Built-in e-signature functionality
Cons:
- Lacks advanced AI-driven analytics
- Limited reporting features
Pricing:
Starts at $399/month
Who Should Use It?
Small businesses and teams looking for a simple contract collaboration tool.
13. Outlaw
Outlaw is a modern platform for contract lifecycle management that specializes in improving contract creation and execution processes effectively. It provides automated workflows and real-time collaboration features as well as improved document version control. Through utilizing AI for contract analysis features to improve compliance adherence and risk reduction for companies.
Outlaw also offers the ability to access clause libraries and smart contract templates with built-in e-signature features to facilitate the contract drafting process efficiently. Outlaw is a solution, for companies seeking a contract management platform that is easy to use and provides strong automation capabilities but is also agile and simple to use.
Key Features:
- Automated contract workflows
- AI-driven contract risk analysis
- Secure e-signatures and approvals
- CRM and ERP integrations
Pros:
- Strong automation features
- Clean and modern UI
Cons:
- Limited third-party integrations
- May not be ideal for complex contract workflows
Pricing:
Custom pricing (contact Outlaw for details)
Who Should Use It?
Businesses needing a modern, automated contract lifecycle solution.
14. Malbek
Malbek is a contract lifecycle management solution powered by artificial intelligence that allows companies to automate contract drafting, negotiation, and signing. Malbek’s analytics are intelligent enough to give real-time insights about contract risks, compliance, and performance. Malbek can seamlessly integrate with ERP and CRM tools, making it a perfect solution for companies in search of a single contract management system.
Automation capabilities of the platform reduce effort on manual review of contracts without compromising on accuracy. With its user-friendly interface and robust collaboration features, Malbek is an excellent option for organizations looking to improve contract visibility, efficiency, and compliance management.
Key Features:
- AI-powered contract analysis
- Automated contract approval workflows
- Secure cloud-based document repository
- Seamless integrations with business applications
Pros:
- Strong AI-driven insights
- Easy-to-use interface
Cons:
- Higher pricing for smaller businesses
- Requires training for advanced features
Pricing:
Custom pricing (contact Malbek for details)
Who Should Use It?
Enterprises needing AI-powered contract intelligence and automation.
15. Onit Contract Lifecycle Management
Onit Contract Lifecycle Management has a contract automation solution for organizations that require streamlined contract authoring and approval workflows. It is characterized by AI-powered analysis capabilities and automated business processes to assist firms in efficiently managing contract portfolios. Its ERP, Customer Relationship Management (CRM), and legal software system integration seamlessly enable departmental contract management.
The platforms are geared towards mitigating risks and managing contracts. Automation caters, to the needs of major corporations aiming for enhanced operational efficiency reduced legal exposure and overall contract administration.
Key Features:
- AI-driven contract analytics
- Automated contract lifecycle workflows
- Compliance tracking and audit trails
- ERP and CRM integrations
Pros:
- Strong compliance and audit capabilities
- Scalable for large enterprises
Cons:
- Expensive for small businesses
- Requires implementation time
Pricing:
Custom pricing (contact Onit for details)
Who Should Use It?
Large enterprises needing advanced contract lifecycle automation and compliance tracking.
Comparison Between Top Contract Management Software
Here’s a comparison table for the top contract management software, including features, pricing, use cases, and websites.
| Software | Key Features | Pricing | Best For | Website |
| DocuSign CLM | E-signatures, workflow automation, AI contract analysis | Custom pricing | Enterprises needing advanced contract lifecycle management | docusign.com |
| Agiloft | No-code customization, AI-powered contract analysis, integrations | Custom pricing | Organizations needing highly customizable contract automation | agiloft.com |
| PandaDoc | Document automation, e-signatures, payment integration | Starts at $35/month/user | Small businesses and sales teams | pandadoc.com |
| Ironclad | AI-powered contract lifecycle management, automated workflows | Custom pricing | Legal teams managing high contract volumes | ironcladapp.com |
| Conga Contracts | Salesforce integration, automated contract workflows, AI insights | Custom pricing | Businesses using Salesforce for contract management | conga.com |
| ContractWorks | AI-powered search, secure storage, automated alerts | Contact for pricing | SMBs and mid-sized businesses needing a cost-effective solution | contractworks.com |
| Icertis | Enterprise-grade AI contract intelligence, risk management | Custom pricing | Large enterprises with complex contract needs | icertis.com |
| LinkSquares | AI-powered contract review, automated compliance tracking | Custom pricing | Legal teams looking for contract analysis and automation | linksquares.com |
| Evisort | AI-powered contract analytics, automated workflows, integrations | Custom pricing | Enterprises seeking AI-driven contract insights | evisort.com |
| Juro | No-code contract automation, e-signatures, real-time collaboration | Custom pricing | Startups and growing businesses | juro.com |
| Gatekeeper | Vendor and contract management, workflow automation, AI insights | Custom pricing | Procurement teams and legal departments | gatekeeperhq.com |
| Concord | Cloud-based contract collaboration, built-in e-signatures | Starts at $399/month | SMBs looking for an affordable contract management tool | concord.app |
| Outlaw | Dynamic contract templates, real-time collaboration, AI analytics | Custom pricing | Organizations needing an intuitive, modern contract management system | getoutlaw.com |
| Malbek | AI-powered contract lifecycle automation, integrations with ERP/CRM | Custom pricing | Enterprises seeking AI-driven contract compliance | malbek.io |
| Onit CLM | Enterprise contract automation, AI-powered insights, compliance tracking | Custom pricing | Large organizations managing complex contracts | onit.com |
Conclusion
Contract management software is integral to contract creation, negotiation, signing, and tracking compliance automation. The best choice would vary based on an organization’s specific needs. Businesses requiring AI-powered insights and automation are best served by Icertis Contract Management and Evisort, whose analytics and compliance capabilities take the top spot. DocuSign CLM and Conga Contracts are appropriate for organizations based primarily on Salesforce integration and e-signatures. Small and medium-sized businesses that require cheap and user-friendly solutions can leverage PandaDoc, Juro, or Concord, which have simple contract drafting and collaboration features.
Legal teams value AI-assisted contract review with LinkSquares and Ironclad, while procurement teams may want Gatekeeper and ContractWorks as vendor management tools. Businesses requiring flexibility and no-code automation should consider Agiloft and Malbek due to their workflow customization. Lastly, choosing the right contract management software depends on requirements for automation, compliance requirements, usability, and integration with existing tools.
FAQs
1. What is Contract Management Software?
Contract management software is an electronic application that helps organizations create, store, track, and manage contracts efficiently. Contract management software may be able to support contract workflows, increase compliance, reduce risk elements, and automate approvals and negotiations.
2. Who needs Contract Management Software?
All sizes of organizations, legal functions, procurement, HR, sales, and finance departments will gain by implementing contract management software. It is valuable to organizations that have numerous contracts and require automation in specific.
3. What are the salient features of contract management software?
Key functionalities are creation of contracts, automation of workflows, e-signatures, monitoring of contract compliance, analysis of contracts using AI, reporting, and ERP, CRM, and document management integration.
4. How does AI enhance contract management?
AI strengthens contract management by automating document review, key term extraction, risk detection, renewal date prediction, and insights to reduce manual intervention.
5. What are the most effective contract management software solutions?
Some of these include DocuSign CLM, Ironclad, PandaDoc, Agiloft, Icertis Contract Management, and LinkSquares, depending on the organizational requirements, integration, and budget.
