20 Best Contract Management Solutions Reviewed In 2024
Best Contract Management Solutions Shortlist
Here’s my shortlist of the best contract management solutions:
Our one-on-one guidance will help you find the perfect fit.
Contract management solutions are a valuable asset for any company. With the right software, teams can reduce administrative overhead and improve compliance. But finding the right contract management solution can be a challenge, especially with so many options available.
Using my experience with finance and accounting software, I tested and compared several of the top contract management solutions available. From there, I compiled my results into in-depth reviews to help you find the best software for your unique needs. I’m confident that you’ll discover your next contract management solution in the list below.
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Best Contract Management Solutions Summary
| Tools | Price | |
|---|---|---|
| Juro | Pricing upon request | Website |
| ContractWorks | From $700/month (billed annually) | Website |
| Agiloft | From $45/user/month (billed annually) | Website |
| Nintex | Pricing upon request | Website |
| Evisort | From $20/user/month | Website |
| Gatekeeper | From $1,245/month | Website |
| Coupa | From $11/user/month | Website |
| Icertis | Pricing upon request | Website |
| Zycus | Pricing upon request | Website |
| Malbek | Pricing upon request | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow to Choose Contract Management Solutions
It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:
| Factor | What to Consider |
| Scalability | Will this solution grow with your business needs? |
| Integrations | Does it integrate with your existing systems? |
| Customizability | Can you tailor the software to fit your processes? |
| Ease of Use | Is the interface intuitive for your team? |
| Budget | Does it fit within your financial constraints? |
| Security Safeguards | How does it protect your sensitive data? |
| Support | What kind of customer support does the vendor offer? |
| Compliance | Does it meet industry standards and regulations? |
Best Contract Management Solutions Reviews
Below are my detailed summaries of the best contract management solutions that made it onto my shortlist. My reviews offer a detailed look at the key features, pros & cons, integrations, and ideal use cases of each tool to help you find the best one for you.
Juro is a contract management tool designed to help businesses streamline contract creation, negotiation, and execution. It serves teams that need a centralized system to manage legal documents efficiently.
Why I picked Juro: It offers a user-friendly interface that makes contract drafting and approval faster for legal teams. You can collaborate on contracts in real-time, ensuring that everyone involved has access to the latest version. Juro’s customizable templates simplify contract creation, saving your team time on repetitive tasks. The platform also provides tracking tools to monitor contract status and deadlines, reducing the risk of missed obligations.
Standout features & integrations:
Features include customizable contract templates, real-time collaboration tools, and automated contract tracking. The platform helps your team draft, review, and approve contracts quickly, reducing the time spent on manual tasks. Juro also offers built-in monitoring tools to ensure deadlines and contract obligations are met.
Integrations include HubSpot, Salesforce, Slack, Google Drive, Box, Zapier, Greenhouse, Docusign, Microsoft Dynamics 365, and Dropbox.
Pros and cons
Pros:
- Simple tracking of contract deadlines
- Quick implementation process
- Customizable contract templates
Cons:
- Lacks advanced workflow automation
- Limited reporting customization
ContractWorks is a contract management system that helps businesses organize, track, and manage their contracts, focusing on simplicity and efficiency. It provides teams with the tools to store documents, monitor key dates, and ensure contract compliance.
Why I picked ContractWorks: It offers an intuitive interface that allows your team to get up and running quickly with minimal technical expertise. You can easily upload and tag contracts for better organization and visibility. ContractWorks also includes a simple dashboard where your team can monitor contract statuses and set custom alerts for key dates. The platform’s built-in reporting tools help you stay on top of contract obligations without needing advanced configuration.
Standout features & integrations:
Features include drag-and-drop document uploading, customizable contract tagging, and automated reminders for key contract dates. The platform helps your team organize and search through contracts with ease. ContractWorks also provides built-in reporting tools for tracking contract performance.
Integrations include Docusign, Adobe Sign, Salesforce, Dropbox, Google Drive, Microsoft Dynamics 365, OneDrive, Box, and NetSuite.
Pros and cons
Pros:
- Automated alerts for key dates
- Easy contract tagging system
- Fast implementation process
Cons:
- Not ideal for complex contracts
- Lacks advanced workflow automation
Agiloft is a contract lifecycle management platform that automates contract creation, approval, and compliance processes. It supports businesses by offering flexible tools to manage contract workflows and ensure regulatory adherence.
Why I picked Agiloft: It gives your team the flexibility to create custom workflows tailored to your unique contract processes. You can configure approval routes, document templates, and notifications based on specific business needs. Agiloft also offers a detailed reporting system, allowing you to monitor contract performance and compliance in real-time. The platform ensures you have control over access permissions, helping you manage sensitive contract data.
Standout features & integrations:
Features include custom workflows that let your team design approval processes, document automation to streamline contract creation, and compliance management to track regulatory requirements. You can set up notifications and triggers to automate contract lifecycles based on key dates or milestones. Agiloft also offers detailed reporting tools to help you monitor and optimize contract performance.
Integrations include Salesforce, Microsoft Office 365, Google Workspace, Workday, SAP, Oracle, Docusign, Adobe Sign, Box, and Dropbox.
Pros and cons
Pros:
- Strong role-based access control
- Advanced reporting options available
- Highly customizable contract workflows
Cons:
- Complexity increases with customization
- Limited out-of-the-box templates
Nintex is a workflow automation platform designed to help businesses centralize processes, including contract management. It assists teams in automating routine tasks related to document creation, approvals, and compliance.
Why I picked Nintex: It offers powerful automation tools that simplify contract lifecycle management, reducing manual work for your team. You can set up automated workflows for contract approvals and notifications, ensuring tasks stay on track without requiring hands-on intervention. Nintex also provides visual workflow tools, making it easy for your team to design and modify processes as needed. The platform’s analytics features give you insights into workflow performance, helping you identify bottlenecks and improve efficiency.
Standout features & integrations:
Features include automated contract generation, electronic signatures, and customizable approval workflows. You can track contract statuses in real-time and set up alerts for key milestones. All contracts are stored in a centralized, searchable repository for easy access and compliance.
Integrations include Salesforce, Microsoft Dynamics 365, SharePoint, Docusign, Adobe Sign, Box, Dropbox, Google Drive, and OneDrive.
Pros and cons
Pros:
- Reduces manual document routing
- Strong compliance tracking features
- Customizable approval processes
Cons:
- Can be slow for large data sets
- Limited flexibility with reporting
Evisort is an AI-powered contract management platform designed for businesses needing efficient contract lifecycle management. It serves companies across various industries by automating key contract-related processes and ensuring compliance.
Why I picked Evisort: It provides an end-to-end central platform that leverages AI to understand the meaning of words inside contracts, eliminating the need for manual data entry. Its features include automated contract creation and approval workflows, real-time collaboration tools, and extensive reporting capabilities. The software also offers advanced analytics to help your team gain insights from contract data, making it easier to manage risks and ensure compliance. With Evisort, you can oversee your contract lifecycle from drafting to execution and beyond.
Standout features & integrations:
Features include document automation that extracts and organizes contract data, custom workflows for managing approvals and compliance, and AI-powered analytics that provide insights into contract performance. You can also easily search contracts in real time to find key terms and clauses. The platform supports role-based permissions, ensuring your team controls access and security.
Integrations include Salesforce, Docusign, Microsoft Word, Google Drive, Dropbox, Box, OneDrive, SAP, and Oracle.
Pros and cons
Pros:
- Supports role-based permissions
- Automated data extraction
- Custom workflows for approvals
Cons:
- Some features feel complex
- Limited customization of reports
Gatekeeper is a vendor and contract lifecycle management platform designed to help businesses gain visibility, control, and compliance over their contracts and vendor relationships.
Why I picked Gatekeeper: Gatekeeper's AI Extract™ feature automatically extracts key data points from contracts, reducing manual data entry and ensuring critical information is readily accessible. Additionally, Gatekeeper's touchless contracts technology facilitates self-service contract creation and execution at scale, enabling business users to generate standard contracts without constant legal oversight. I also like Gatekeeper's workflow engine, which digitizes and automates contract processes. By visualizing workflows in a Kanban-style board, your team can easily track the status of contracts, identify bottlenecks, and ensure that all necessary approvals are obtained.
Standout features & integrations:
Features include a vendor portal that allows suppliers to self-register and manage their information, promoting accurate and up-to-date records. The balanced scorecards feature enables effective vendor performance management by assessing key metrics and fostering continuous improvement. Additionally, the risk module helps manage supplier risk by triggering escalations and workflows when potential issues are detected, ensuring proactive risk mitigation.
Integrations include Microsoft Dynamics 365 CRM, Google Sheets, Slack, Microsoft Teams, Gmail, Microsoft Outlook, Xero, DocuSign, HubSpot, Microsoft Excel, and Jira Software Cloud.
Pros and cons
Pros:
- Integrated vendor management features
- Customizable workflows
- Centralized repository improves contract visibility
Cons:
- Pricing may be high for small businesses
- Complex workflows can be challenging to set up
Coupa is a business spend management platform that helps organizations manage procurement, invoicing, and expenses. It supports teams by streamlining supplier relationships and automating procurement processes.
Why I picked Coupa: It connects procurement activities with contract management to give you full visibility into your spending. You can automate procurement workflows to improve efficiency and ensure compliance across your organization. Coupa also provides tools for managing supplier risk and performance, ensuring your team stays on top of contract obligations. With real-time data and analytics, your team can make informed decisions on procurement and contract strategies.
Standout features & integrations:
Features include automated procurement workflows, spend visibility, and tools for managing supplier performance and risk. The platform also offers real-time analytics to support better decision-making in procurement processes. Additionally, Coupa helps you automate and streamline contract compliance and approvals.
Integrations include SAP, Oracle, Workday, Microsoft Dynamics 365, Salesforce, NetSuite, QuickBooks, Xero, Slack, and ServiceNow.
Pros and cons
Pros:
- Real-time spend visibility
- Easy to integrate procurement processes
- Strong supplier risk management
Cons:
- Limited reporting customization options
- Complex contract compliance setup
Icertis is a CLM platform that helps businesses manage contracts efficiently while ensuring regulatory compliance. It supports teams by automating contract creation, monitoring, and management processes across various industries.
Why I picked Icertis: It offers tools to automate compliance checks throughout your contract's lifecycle, helping your team stay aligned with legal and regulatory requirements. You can customize workflows to ensure approvals meet compliance standards, reducing risks tied to contract violations. Icertis provides real-time visibility into contract performance, making it easy to track obligations and deadlines. Additionally, it enables your team to analyze contract data for better risk management and decision-making.
Standout features & integrations:
Features include automated compliance management, real-time contract performance monitoring, and customizable contract workflows. The platform helps your team ensure all contracts align with legal requirements and reduces non-compliance risk. Icertis also provides advanced analytics to track obligations and identify potential contract risks.
Integrations include Microsoft Dynamics 365, Salesforce, SAP Ariba, Adobe Sign, Docusign, Workday, and Coupa.
Pros and cons
Pros:
- Customizable templates
- Automated compliance tracking
- Advanced contract analytics
Cons:
- Reporting features lack flexibility
- High learning curve
Zycus is a procurement and contract management platform designed to streamline supplier relationships and ensure compliance in procurement processes. It provides businesses with tools to automate contract workflows and manage supplier risk effectively.
Why I picked Zycus: It focuses on supplier lifecycle management, helping your team track supplier performance and manage risks. You can automate procurement and contract approval workflows, ensuring all processes follow compliance guidelines. Zycus provides analytics and reporting features that give you visibility into supplier data, helping with decision-making. The platform also supports customizable templates for business contracts, making contract creation more efficient for your team.
Standout features & integrations:
Features include automated contract workflows, supplier performance tracking, and customizable contract templates. The platform helps your team systematize procurement and ensures compliance throughout the contract lifecycle. Zycus also provides real-time analytics to give you insight into supplier risk and performance data.
Integrations include Oracle, SAP, Microsoft Dynamics 365, Salesforce, and Workday.
Pros and cons
Pros:
- Automates compliance tracking
- Real-time analytics and reporting
- Customizable contract workflows
Cons:
- Requires technical expertise for customization
- Limited out-of-the-box templates
Malbek is a CLM software designed to simplify contract creation, tracking, and compliance management. It helps teams efficiently manage their contracts with an easy-to-use interface and automated workflows.
Why I picked Malbek: It offers a user-friendly platform that makes it easy for your team to manage contracts without a steep learning curve. The intuitive dashboard provides quick access to contract data, helping you track key dates and obligations. Malbek’s automated workflows consolidate approvals and ensure contracts are compliant with internal policies. You can also customize contract templates and workflows to suit your team’s specific needs, saving time on repetitive tasks.
Standout features & integrations:
Features include real-time contract insights, AI-powered contract drafting and review, and contract analytics. Your team can use these tools to improve compliance and mitigate risks. The platform also offers an intuitive interface that simplifies the contract management process.
Integrations include Salesforce, SAP, Microsoft Dynamics 365, Workday, Docusign, Adobe Sign, Box, Dropbox, Google Drive, and OneDrive.
Pros and cons
Pros:
- Easy onboarding experience
- Highly customizable workflows
- Fast implementation process
Cons:
- Support response times can vary
- Requires technical setup for complex workflows
Other Contract Management Solutions
Here are some additional contract management solutions options that didn’t make it onto my shortlist but are still worth checking out:
- PandaDoc
For sales teams
- LinkSquares
For contract analytics
- ContractSafe
For easy contract search and organization
- Concord
For small businesses needing e-signature capabilities
- Outlaw
For dynamic contract collaboration
- Onit
For managing legal operations and workflows
- Ironclad
For legal teams needing contract lifecycle management
- CobbleStone
For enterprise contract lifecycle management
- Conga
For automating document and contract workflows
- Dock
For creating interactive client portals
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Contract Management Solution Selection Criteria
When selecting the best contract management solutions to include in this list, I considered common buyer needs and pain points like the complexity of compliance requirements and efficient contract lifecycle management. I also used the following framework to keep my evaluation structured and fair:
Core Functionality (25% of total weighting score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:
- Create, store, and manage contracts
- Automate contract workflows and approvals
- Track contract deadlines and renewals
- Generate reports and analytics on contract data
- Ensure compliance with legal and regulatory standards
Additional Standout Features (25% of total weighting score)
To help further narrow down the competition, I also looked for unique features, such as:
- Integrate with third-party applications
- Utilize artificial intelligence for contract analysis
- Offer customizable templates and clauses
- Provide real-time collaboration tools
- Include electronic signature capabilities
Usability (10% of total weighting score)
To get a sense of the usability of each system, I considered the following:
- Offer an intuitive user interface
- Provide easy navigation and search functions
- Allow for drag-and-drop functionality
- Include customizable dashboards
- Support mobile access
Onboarding (10% of total weighting score)
To evaluate the onboarding experience for each platform, I considered the following:
- Provide detailed training videos and tutorials
- Offer interactive product tours
- Include ready-to-use templates
- Support live webinars and Q&A sessions
- Utilize chatbots for immediate assistance
Customer Support (10% of total weighting score)
To assess each software provider’s customer support services, I considered the following:
- Offer 24/7 customer support
- Provide multiple support channels (phone, email, chat)
- Include a comprehensive knowledge base
- Ensure quick response times
- Offer dedicated account managers
Value For Money (10% of total weighting score)
To evaluate the value for money of each platform, I considered the following:
- Offer transparent pricing plans
- Provide a free trial or demo
- Include all core features in base pricing
- Offer scalable pricing options for different business sizes
- Ensure competitive pricing compared to similar tools
Customer Reviews (10% of total weighting score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:
- Highlight ease of use and setup
- Note reliability and performance
- Mention quality of customer support
- Provide feedback on feature usefulness
- Include overall satisfaction ratings
Trends In Contract Management Solutions
In my research, I sourced countless product updates, press releases, and release logs from different contract management solution vendors. Here are some of the emerging trends I’m keeping an eye on:
- AI-driven contract analysis: AI is being used to identify risks, suggest edits, and flag key terms in contracts, saving legal teams time and effort. Vendors like Icertis and Agiloft are incorporating this functionality to help teams handle large volumes of contracts more efficiently.
- Smart contract templates: Pre-configured contract templates that adjust based on context are gaining popularity. This feature helps businesses create legally sound contracts without needing heavy customization, which is becoming more important in industries with high contract volumes.
- Blockchain for contract verification: Some vendors explore blockchain to ensure secure, immutable contract records. Solutions like ContractVault are implementing this tech to provide greater transparency and security, particularly in cross-border agreements.
- Predictive contract analytics: Predictive analytics tools are helping users forecast contract performance and spot potential issues before they arise. Companies like Ironclad are adding this to give users more proactive control over their contract portfolios.
- Focus on compliance tracking: Regulatory compliance is a growing concern, and vendors are improving how their platforms track and audit contracts to ensure adherence to regional laws. This is becoming a top priority in industries like healthcare and finance, where non-compliance can be costly.
What Are Contract Management Solutions?
Contract management solutions are software tools that help businesses create, store, track, and manage their contracts throughout their lifecycle. Legal teams, procurement officers, and contract managers use these tools to improve contract visibility and reduce risks. Automated workflows, compliance tracking, and contract templates help users save time and maintain legal accuracy. These tools make it easier for teams to manage contracts efficiently and avoid costly mistakes.
Features of Contract Management Solutions
When selecting contract management solutions, keep an eye out for the following key features:
- Contract storage: Provides a centralized location to store all contracts, making them easy to access and manage.
- Lifecycle tracking: Monitors each stage of a contract's lifecycle from drafting to execution, ensuring nothing falls through the cracks.
- Automated workflows: Streamlines the approval process by automating tasks and notifications, speeding up contract completion.
- Compliance monitoring: Tracks contracts to adhere to legal requirements, reducing non-compliance risk.
- Version control: Keeps a record of contract changes and updates, ensuring everyone works with the latest version.
- E-signature integration: Allows users to sign contracts electronically, speeding up final approvals without paper.
- Custom reporting: Provides tailored reports on contract performance and key metrics, helping teams make informed decisions.
- Audit trails: Logs all contract actions and updates for accountability and legal compliance.
- Collaborative editing: Allows multiple users to work on a contract simultaneously, facilitating better teamwork and faster contract finalization.
- Clause library: Offers pre-approved clauses for faster contract drafting, improving accuracy and consistency.
Benefits of Contract Management Solutions
Implementing contract management solutions provides several benefits for your team and your business. Here are a few you can look forward to:
- Increased efficiency: Automates contract creation and approval processes, reducing time spent on manual tasks.
- Better compliance: Tracks key dates and obligations, ensuring adherence to regulatory requirements and contract terms.
- Improved visibility: Centralizes all contract data in one place, making it easier to access and manage.
- Risk reduction: Identifies and mitigates potential risks through contract monitoring and alerts.
- Cost savings: Helps negotiate better terms and conditions by analyzing contract performance and spending patterns.
- Enhanced collaboration: Facilitates communication and document sharing among stakeholders, improving teamwork and decision-making.
- Audit readiness: Maintains a complete audit trail of all contract activities, ensuring transparency and accountability.
Costs and Pricing of Contract Management Solutions
Selecting contract management solutions requires an understanding of the various pricing models and plans available. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in contract management solutions:
Plan Comparison Table for Contract Management Solutions
| Plan Type | Average Price | Common Features |
| Free Plan | $0 | Basic document storage, limited templates, and basic e-signature capabilities. |
| Personal Plan | $10-$30/user/month | Document storage, customizable templates, e-signature, and basic reporting. |
| Business Plan | $30-$60/user/month | Advanced document storage, template management, advanced e-signature, and reporting. |
| Enterprise Plan | $60-$100/user/month | Unlimited storage, full template customization, advanced e-signature, reporting, and integrations. |
Contract Management Solutions FAQs
Here are some answers to common questions about contract management solutions:
How can contract management software help reduce risk?
Contract management software helps reduce risk by automating compliance tracking, flagging contract clauses with potential legal issues, and offering audit trails for every change made to a contract. This ensures your team doesn’t miss key contract obligations and reduces the chance of human error.
Can contract management software integrate with my existing tools?
Yes, many contract management solutions integrate with popular tools like CRM, ERP, and document storage systems. Check with each vendor to see if they offer integrations with the tools your team already uses, as this can save time and avoid data silos.
How does contract management software handle contract renewals?
Most solutions have automated renewal alerts to notify your team when a contract is approaching its expiration date. This helps you stay on top of renewals and renegotiations without manual tracking, ensuring no contracts lapse unexpectedly.
Is contract management software secure?
Yes, most contract management solutions include encryption, role-based access controls, and audit trails to ensure the security and integrity of your contracts. It is important to choose a solution that meets your company’s security requirements, especially if you handle sensitive data.
Can I customize contract templates in contract management software?
Yes, many platforms offer customizable contract templates that you can adjust to fit your business needs. This helps your team maintain consistency while speeding up the contract creation process, especially for recurring agreements.
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