A contract management software or contract lifecycle management gives legal administration teams a collection of tools to handle their contract management more effectively. The range of data, libraries, and computer programs supports contract management.
Creating, managing, and negotiating contracts is a crucial part of a business, despite its size. However, every step is complex and time-consuming. Contract management software fastens the process while reducing financial risks. Visit ContractSafe.com for more information.
The contract management sector has been booming recently, making it hard for businesses to pick the best management software. Below we evaluate the best contract management software to enable your business to get the best contract solutions.
6 Best Contract Management Software 2022
PandaDoc is a fan-favorite contract management software that offers an all-in-one, affordable solution. PandaDoc has a strong document and contract management system that helps businesses to oversee their contract’s entire lifecycle. This feature-rich software differs from the rest and is popular in most big companies.
Its most robust tools include;
- Payment processing
- Contract and content library
- Contract duplication
- Real-time notifications.
This software has easy-to-use custom templates, and users can set custom processes, rules, and workflows. PandaDoc is a safe solution that provides organizations with an audit record while securing crucial data in cloud storage facilities.
It features annual or month-to-month plans and is the best overall software.
Concord software is ideal for large businesses and has enterprise-grade and onboarding support features. This software lets businesses share unlimited documents at once and has a fourteen-day free trial. It also has a simple design that helps businesses to follow the lifecycle changes and be on top of compliance. So it’s in our top best contract management software of this year to try.
This software was founded in 2013 and is the best option for a large business. Users can easily set it up and maximize on full onboarding. Concord has lots of flexibility with custom reports, user groups, and insights. Its top features include;
- Deadline reminders
- Live editing
- Template storage
- Redline, chat, and comment
- Autofill smart cards
- E-signature function.
Users enjoy the strict versioning requirement that provides new logs when they enter a field. This package provides transparent and clear pricing that depends on your number of users.
DocuSign is perfect for small enterprises and provides them with access to the best contract management solutions. This software has a flexible workflow configuration and provides a thirty-day free plan. This software started in 2004 as an e-company, which is common due to its easy configuration.
This software’s plans are ideal for small organizations, but their solutions also function in heavy workflows. It is also browser-based, and users can use it to align contracts with its mobile app. Its main features include;
- Payment collection
- Reusable templates
- Content repository
- Recipient reminders
- Real-time notifications.
DocuSign’s users can also customize their contracts with color themes and personalized logos while maximizing smart forms.
Agiloft is the best customization software that offers a code-free commercial lifestyle and contract management. It has an unconditional guarantee and an open-ended free trial that will take your business to the next level. It is the oldest software on this list and was opened in 1990.
It has stayed updated with the necessary updates, giving all-sized organizations access to the best contract solutions. Agiloft has custom and enterprise features that make it the best contract management software.
Its top features are;
- Free training
- Clause library
- Contract authoring
- Content repository
- Contract print templates.
Agiloft has code-free configurations that enable businesses to accumulate workflows, reports, and routing processes. It integrates quickly with Microsoft and Google to upload files using your business’s software. It also offers a free file audit that safeguards your data while providing compliance.
Outlaw is the best reporting software that tracks important data points for visibility. This software has unlimited storage, contracts, and live chat support. Outlaw was started in 2016 and is a perfect solution, thanks to its many features.
It is suited for most enterprises, and users do not have to worry about space due to its unlimited contracts, e-signatures, and cloud storage. Its best features include;
- Full-text search
- Cloud-based reselling
- Dynamic contract fields
- Secure payment
- E-signature capabilities.
Outlaw is common for its AI analytics that helps businesses to run several reports. It also has a pay-per-seat flexible plan that saves companies 30% annual billing.
Contractworks software is perfect for automation and offers automated services using AI-enabled techniques. It is one of the best contract lifecycle management software on the market. It supports unlimited users and has a 24-hour support team. It was founded in 2012 and offers easy-to-set intuitive software.
It is mainly used due to its ease of use, and its most common features include;
- Milestone alerts
- Contract Repository
- Automated reminders
- Built-in e-signature
- Automatic smart contracts.
Contract management software is crucial in every business setup due to its benefits. This software is available in different types, including; Outlaw, Concord, and Agiloft. The above article has discussed all you should know about this software, and more information is available online.
Senior Writer, has been with Rottenpanda.com since 2017. With a bachelor’s degree in communications, Nick specializes in finding interesting topics, gathering details, checking facts, and making complex subjects easy to understand. In addition to writing articles, Nick loves traveling, pets and happily married to Lucy.