Best Contract Management Software of 2022

Creating, negotiating and managing contracts is an essential part of every business, regardless of size. However, each step is time consuming and prone to standard data entry errors. Contract management software, also known as contract lifecycle management (CLM), accelerates the process while reducing financial and cost audit risks;

Companies from all industries are seeing profit. For example, Finemark Bank took 4 to 5 hours to prepare each document manually. After adopting DocuSign, the company reduced this time to 30 minutes. ,

To find the best contract management solution, we evaluated more than three dozen vendors based on key capabilities, including customization and automation. Additionally, we looked at pricing plans, security and compliance measures, and popular integrations.

The 7 Best Contract Management Software of 2021

PandaDoc

Best Contract Management Software of 2022

PandaDoc is an affordable all-in-one solution with a powerful contract and document management platform.

favourable opinion

  • 24/7 paid plan customer support
  • Unlimited documents, electronic signatures and users
  • 14-day free trial

Disadvantage

  • Content library is only available on the Business or Enterprise plan
  • Bulk send feature is available for an additional fee
  • Limited integrations in the free plan

Founded in 2011, PandaDoc helps you oversee the entire lifecycle of your contracts through its intuitive software. This affordable, feature-rich software stands out from the competition as the best overall choice for companies of any size.

Get up and running on Android and Internet operating systems quickly by using this browser-based program or by downloading PandaDoc’s mobile app . You’ll appreciate its powerful tools such as :;

  • Content and Contract Libraries
  • a copy of the contract;
  • electronic signature
  • real-time notification
  • payment processing

PandaDoc provides an easy-to-use rich media drag-and-drop editor to customize templates. Additionally, you can set up custom workflows, processes and rules. Customers love the integration with 10+ customer relationship management (CRM) programs like HubSpot, Pipedrive and Microsoft Dynamics;

This secure solution provides companies with an audit trail of documents while keeping data safe in their secure cloud storage facility. If you need a plan that complies with the Health Insurance Portability and Accountability Act (HIPAA), PandaDoc offers custom solutions;

PandaDoc CLM software has a monthly or annual plan feature and you can save up to 24% by paying annually. The following package prices are based on monthly bills:;

  • Free to Design: Get unlimited legally binding signatures and file uploads, plus accept all payments for free
  • Essentials: $25 per user per month for templates, drag-and-drop editor, pricing tables, and document analysis
  • Business: $59 per user per month for CRM integration, content library, custom branding , approval workflow and Zapier integration
  • Enterprise: Get personalized solutions with an unlimited number of team workspaces, Salesforce integration, and user performance reports

DocuSign

Best Contract Management Software of 2022

From electronic signatures to complete CLM systems, DocuSign offers small businesses an affordable contract management solution.

favourable opinion

  • 30-day free trial of e-signature solution, no credit card required
  • 24/7 chat support
  • Flexible Workflow Configuration

Disadvantage

  • A complete CLM solution requires a custom quote
  • Initial workflow setup is complicated
  • Sometimes there are problems syncing documents

Document Signing began as an e-signature company in 2003, but it acquired SpringCM to deliver commercial CLM capabilities. Companies use DocuSign extensively because it is easy for all parties to use. In our review, its e-signature plans are best for small businesses, although there is an end-to-end solution available for contract-heavy workflows.

You can use this browser-based software online or take your contract with you to DocuSign’s mobile apps for Android and iOS. There are several features available for the eSignature and CLM program, including:

  • reusable templates
  • Recipient reminder
  • collection;
  • Real-time comment notifications;
  • Content repository

Customize your contract email with personalized logo and color themes, and take advantage of Smart Forms with custom formulas. DocuSign connects to over 350 pre-built integrations such as Salesperson, Microsoft and Google;

Small business owners love court-allowed audit trails, secure storage centers, and General Data Protection Regulation (GDPR) compliance. The company offers unique programs for real estate agents, government agencies and the healthcare sector to meet your regulatory needs;

Many small companies do well with e-signature programs. You can pay annually or monthly, but you can save $5 to $20 per month with annual payments. The following packages are based on monthly payments:

  • Personal: $15 for a single-user plan and the ability to send 5 e-signed documents per month plus main contract fields
  • Standard: $40 per user per month for up to 5 users, adds automatic email reminders, deadline notifications, unlimited documents and deadlines
  • Business Professionals: $60 per user per month for up to 5 users to receive payments, use advanced fields and smart forms, and send contracts in bulk

Concorde

Best Contract Management Software of 2022

With comprehensive onboarding support and enterprise-grade features, Concorde allows companies to send an unlimited number of documents.

favourable opinion

  • Unlimited contracts, viewers, electronic signatures and storage
  • Bulk upload feature for all plans
  • Free trial, no credit card required

Disadvantage

  • The plan is not refundable
  • Version control requirements create long data logs
  • Difficulty integrating contracts signed off-platform

Founded in 2014, Concord’s simple design helps businesses stay on top of regulatory compliance and change throughout their lifecycle. With unlimited capacity and key integrations, Concord is the best choice for large enterprises;

At first glance, you’ll notice that Concord looks similar to Gmail. You can get set up in minutes and take advantage of comprehensive onboarding support for all plans. You can choose to work from your favorite program, whether you choose Concord Dashboard, Word, or Google Drive . Top CLM features include:

  • Edit in real time
  • Redlining, comments and chat
  • Template storage
  • Autofill smart fields
  • Full-text Optical Character Recognition (OCR) searches;
  • Automatic email reminders
  • Built-in electronic signature function

Concord offers a lot of flexibility with customized approval processes, reports, insights, and user groups. It connects Dropbox, DocuSign and Salesforce. The company uses banking industry standard encryption and secure data centers. Additionally, you benefit from strict version control requirements that generate a new log every time a field is entered or edited, and provide you with a consistent audit trail;

The CLM package offers clear and transparent pricing based on the number of users and annual contracts. Choose a plan from 5 to 200+ users. The following packages are based on five users and are billed annually:

  • Appetizers: $279 per month
  • Standard: Bulk sending and revision management $339 per month
  • Pros: $419 per month for all integrations
  • Enterprise: Get a 99.9% service level agreement (SLA), a library of pre-approved terms and custom quotes with custom branding

Juro

This end-to-end contract management platform offers a free plan with incredible features.

favourable opinion

  • Free plan for up to 50 contracts a year
  • Intuitive to use
  • Native electronic signature

Disadvantage

  • Paid plans are expensive
  • no mobile app
  • You cannot issue the same contract to several people at the same time

Founded in 2016, Juro offers an attractive looking dashboard with powerful search capabilities and AI analytics. Although the paid plans are expensive, the free plan offers the right mix of essential features, making it the top choice for the best free one;

As an end-to-end contract management platform, Juro provides templates and a built-in template editor for creating contracts and sending them to approvers quickly. Its intuitive dashboard has a first-class user interface. With the free plan, you can:

  • a template
  • Template editor
  • internal review
  • external negotiation
  • Native electronic signature
  • Kanban Dashboard

If you opt for a paid plan, you’ll get premium features like AI-powered analytics, redlining, and the ability to update contracts in bulk. Paid plans also include Slack , Google Drive, and Salesforce;

Like other CLM solutions, Juro complies with e-signature regulations and stores data on Amazon Web Services (AWS) servers in tightly controlled data centers in the EU region;

Juro only offers annual contracts with paid plans, so you can’t make monthly payments. However, nonprofits do get a 15% discount. Package Included:

  • Free: For up to 50 contracts, one user, and all the free plan features above
  • Light: $450 per month for 500 contracts, 5 users, unlimited templates, audit trails, and integrations
  • Teams: $990 per month for unlimited contracts, 10 users, AI-enabled analytics, bulk actions, and custom approval workflows
  • Business: A custom solution for bulk import and a single sign-on option

Agiloft

Agiloft provides no-code optimization for contract and commercial lifecycle management.

favourable opinion

  • SME Free Plan
  • Unconditional guarantee
  • 99.9% Uptime Service Level Agreement (SLA)

Disadvantage

  • No internal chat feature
  • Unlimited customization offers so many options that it can be confusing

Founded in 1990, Agiloft is the oldest supplier on the list. However, it maintains a plethora of updates, making customizable solutions accessible to companies of all sizes. Its enterprise-grade and customization capabilities make Agiloft a clear winner in our Best of Customization category;

Use Agiloft on any computer with cloud-hosted software. All businesses benefit from:;

  • Free online training
  • contract writing
  • clause library
  • contract print template
  • Electronic signature via DocuSign or Adobe Sign
  • Content repository

Its no-code configuration allows you to put together custom workflows, routing processes, reports and even personalized dashboards to track key performance indicators (KPIs) and alerts. Agiloft integrates with Google and Microsoft to quickly upload documents using software you already use in your business;

Agiloft provides audit trails for every document, keeps data in secure storage centers, and provides Sarbanes-Oxley, GDPR and HIPAA corporate compliance;

When it comes to pricing, Agiloft believes in custom solutions. You can choose to pay monthly, quarterly or annually. All plans are based on your number of users and start at $65 per user per month:

  • Free: One free license for one administrator, five premium users, and five end users with standard integration
  • Professionals: Added phone support and five-minute interval based rules
  • Professional extensions: Get supplier and customer portals, multilingual support, and pre-built integrations with Salesforce and Jira
  • Enterprise: Pre-built artificial intelligence (AI) models and on-premise options
  • Enterprise expansion: 24/7 support and support experts

Outlaw

Track the total visibility of key data points using illegal CLM software.

favourable opinion

  • Unlimited contracts, storage and electronic signatures
  • Quick Setup
  • Live Chat Support

Disadvantage

  • Only certain people can sign the agreement, not all companies need this level of security

A newcomer to the group, Outlaws was established in 2017. With a plethora of features in its dashboard and AI-assisted analytics, Outlaw is the perfect choice we’ve found for your reporting needs;

Outlaws is perfect for most businesses, and its unlimited cloud storage, contracts and electronic signatures mean you don’t have to worry about volume. Best features include:;

  • Native electronic signature capabilities
  • Cloud-based redlining
  • Stripe Payment Integration
  • real-time notification
  • research all
  • Self Service Template
  • Dynamic contract fields

You’ll appreciate its AI analytics, which can help you run reports on timesheets, contract status, and ongoing activities. Outlaws vs. Salesforce, HubSpot, Zapier, Slack, and Shorthand . Additionally, companies keep your data in SOC 2 compliant data centers.

You’ll find flexible pay-per-seat plans and save 20% on your annual bill. Unlaw defines two user roles for payment packages, but collaborators can only be added if you have five core users:

  • Core users: $125 per user per month for account owners with full control
  • Collaborators: $60 per user per month for active users without full management capabilities

ContractWorks

ContractWorks uses artificial intelligence technology to provide automated services that save you time and money.

favourable opinion

  • unlimited users
  • 24/7 support team
  • Free data migration

Disadvantage

  • very limited integration
  • no mobile app
  • Documents are not created although templates can be created

Since 2012, ContractWorks has provided intuitive software that can be installed in just 30 minutes. Its automatic smart document tagging using artificial intelligence technology best meets your automation needs;

Users appreciate its ease of use, including drag-and-drop downloading and a Google Chrome-like OCR text-based search system. You will get many popular features such as:

  • Automatic Smart Contract Outline
  • contract repository
  • Milestone Alerts
  • automatic recording
  • Annotate for quick and easy documentation
  • OCR and advanced search functions
  • automatic reminder
  • Built-in electronic signature

ContractWorks offers several customization options, including branding and reporting, allowing you to choose any data point you want to analyze.

Additionally, you can easily save, schedule, share and export reports. The software integrates with Salesforce for professional and enterprise plans;

This CLM solution provides audit log reporting, 256-bit data encryption , and secure storage centers;

All pricing plans are billed annually by volume. You can also contact the company for discounts on bulk quantities. Plans include:

  • Standard: $600 per month for 2,500 documents and 5 e-signature licenses
  • Professional: $800 per month for 10,000 documents and 10 e-signature licenses
  • Enterprise: $1000 per month, unlimited documents and 20 e-signature licenses

What is contract management software?

Whether you need a non-disclosure agreement (NDA) or a contract signed by a third party, with contract management software you can handle it with complete visibility at every step of the way online. The entire contract life cycle includes:

  • documentation
  • send contract to other party
  • Redlining or changes to the document
  • Conversation
  • approval process
  • Revised or updated year after year
  • compliance audit
  • long-term storage of protocols

What are the common characteristics of contract management software?

While all CLM software products vary, almost all solutions support business owners throughout the document lifecycle. The most desirable contract management software features include:

  • Custom or Smart Fields: Choose from standard fields for contracts, or add custom fields to gather specific details about customers.
  • Automated Approval Processes: Enterprise-grade software allows you to set up workflows so your documents get approved by the right people without wasting time.
  • Automatic alerts: From email notifications of contract changes to reminders of milestones, automatic reminders keep everyone informed throughout the process;
  • Redlining: This is where all parties edit the contract while tracking any changes. This is also part of negotiation in the digital world, as documents are exchanged between parties who accept or reject changes;
  • Electronic Signature: Many CLMs offer a native electronic signature tool, which means it’s built into the software. Other companies incorporate third-party electronic signature tools into their software;
  • OCR function: This is a text- or voice-based search function that allows you to quickly find contracts, terms or customer data in memory;
  • Audit Trail: Some CLM software tracks all versions, conversations and edits to display a clear audit trail when your contract is sued;
  • Content Repository: Forget about printing and filing hundreds of contracts. Instead, the Content Library contains all contracts, templates and, in some cases, standard terms;

How Much Does Contract Management Software Cost?

Most contract management software offers monthly or yearly subscriptions with annual payments, large contracts, or discounts for large numbers of users. The free and low-cost plans are ideal for small businesses with standard contracts, as you can upload your own contract or send it for electronic signature using a common template;

Paid plans for basic contract management features start at $25 per user, per month. However, the lower priced plans often do not include advanced customization, reporting or branding options. On the other hand, you’ll pay up to $125 per user per month for AI technology, automation, and complete customization;

How We Choose the Best Contract Management Software

Reviewing over 36 contract lifecycle management companies, we looked at key features, integrations, and ease of use. In addition, we judge suppliers on the basis of their customization and automation tools, as well as audit support and batch capabilities;

We’ve found that the best solutions offer seamless mobile apps, automated workflows, and advanced search capabilities. Plus, for small businesses, affordability is essential, along with real-time notifications and reminders;

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