Best 15 Software for Contract Management: A Complete Overview
Looking for the best software for contract management to keep your organization organized and performing better?
For businesses handling numerous vendor agreements, staying organized is more than just a convenience it’s essential for minimizing risk and boosting overall operational efficiency.
Yet, identifying the ideal software for contract management can be a time-intensive process. Many companies find themselves navigating multiple trial-and-error cycles before discovering a solution that genuinely meets their requirements.
To simplify this process, we have carefully researched and evaluated a wide range of options. After thorough analysis, we have shortlisted some of the most dependable, scalable, and user-friendly contract management system software on the market today.
Below, you will find a curated list of 10 top-rated systems that can transform how your business manages contracts.
Importance of Implementing Best Software for Contract Management
Research shows that businesses lose nearly 9.2% of their yearly revenue due to poor contract management. On top of that, mid-sized companies often spend around $1 million on legal technology a cost that can be reduced with the right system in place.
Every business relies on contracts, and as the company grows, so does the volume of agreements. With a best contract management application, businesses can stay on top of deadlines, keep documents organized, and reduce legal risks.
Security is another major advantage. A good contract management tool provides clear audit trails, showing exactly who made changes and when. It also ensures compliance, keeping businesses prepared for audits and regulatory checks.
But contract management is not just about safe storage. Done right, it accelerates business operations, lowers risks, and supports long-term growth.
Choosing the best software for contract management empowers teams to stay organized, minimize revenue loss, and move forward with confidence.
How We Analysed Best Software for Contract Management
A wide range of contract management platforms both established and emerging were reviewed across various industries and company sizes. The focus went beyond basic features, emphasizing how each tool performs in actual business use.
Key factors considered included
- Ease of use – Is the platform easy to use for legal teams as well as business departments?
- Integration capabilities – Can the platform integrate seamlessly with current business applications?
- Customization – Can workflows, templates, and notifications be adapted to specific processes?
- Collaboration features – How effectively does it support teamwork across different teams?
- Security and compliance – Does it provide strong access controls, audit history, and reliable data protection?
- Scalability – Can the platform handle growing contract volumes as the company expands?
The objective was straightforward: to identify a system for contract management that balances power with practicality something teams find useful in daily operations.
This research resulted in a refined list of solutions that combine strong functionality with a positive user experience, giving businesses clear options to move forward.
15 Best Software for Contract Management
Product | Integration | Free Trial |
CLM 365 | SharePoint, MS Teams, Outlook, MS Copilot, DocuSign and MS Word Plugin | 14 days |
Juro | HubSpot, Salesforce, Zapier and Ashby | Connect With Sales Teams |
Icertis | SAP, Ariba and Salesforce | 14 days |
Concord | Salesforce, HubSpot, Slack and Google Drive | 14 days |
Zoho Contracts | Integrates with Zoho Suites | 14 days |
Summize | Salesforce, Slack, HubSpot and Jira | Custom Based |
SpotDraft | Google Drive, HubSpot, Salesforce and Jira Comment Sync | 14 days free trial |
Conga CLM | Salesforce and DocuSign | 30 days |
ContractWorks | Salesforce | 14 days |
Hyperstart | Gmail, HubSpot, Google Drive and Slack | 14 days |
Ironclad | Zapier, Slack and NetSuite | 14 days |
Cobblestone | ERP systems, NetSuite and Salesforce | 30 days |
Sirion | API and CRM | Connect with Sales Team |
Agiloft | SAP and Salesforce | Connect with Sales Team |
A Deloitte study highlights that effective contract management can lower operational costs by as much as 60%. The key challenge, however, lies in selecting a solution that truly fits a company’s processes and objectives.
Choosing the right software for contract management requires careful consideration, as the market offers a wide range of tools with different features and strengths.
To simplify the search, here is a curated list of 10 leading contract management software solutions that help organizations save valuable time.
1) CLM 365
CLM 365 is a reliable software for contract management that helps businesses simplify and improve the way they handle contracts. With its clean and easy-to-use design, it fits well into everyday work, making it suitable for teams of any size.
Because it is developed within the Microsoft ecosystem, CLM 365 integrates effortlessly with Microsoft 365 applications. Users can draft, review, and approve contracts directly in familiar platforms such as Outlook, MS Word, Teams, and SharePoint without switching between different systems.
The platform covers the entire contract lifecycle from initial drafting and collaboration to approvals and compliance tracking. Its AI-powered features provide smart clause suggestions and quick contract summaries, helping teams reduce errors and speed up the contract process.
More than just a tool, CLM 365 offers a complete solution designed to make contract management simpler, smarter, and more effective.
Key Features
- AI powered contract processing for faster results (No AI Tax)
- Microsoft Copilot integration for smarter workflow
- Real time obligation tracking to stay on schedule
- Custom contract creation from Outlook
- Contract redlining
- Built in template library for quick setup
- contract generation for easy drafting
- Automated contract routing to the right people
- Contract amendment feature
- Multi-level approval flows for full control
- Enterprise grade security for strong data protection
- Detailed reporting and analytics for better decisions
CLM 365 Ratings
G2: 4.8
Capterra: 4.8
Microsoft AppSource: 4.9 (79 reviews)
Our Pricing
CLM 365 provides an effective way to handle contracts across the entire organization. Designed for businesses of any size, it comes with flexible plans that fit different team needs. Pricing starts at $29.99 per user, giving access to advanced features that support every stage of the contract lifecycle.
Best Known for: CLM 365 keeps all contract data protected within Microsoft 365 and uses AI to provide clear summaries of obligations and risks, giving businesses valuable insights with ease.
2) Juro
Juro is a widely adopted software for contract management by businesses that want faster and simpler contract management. It brings the entire contract journey drafting, editing, collaboration, and electronic signing into one unified system. Its built-in contract editor eliminates the need for multiple tools, allowing teams to stay productive in a single workspace.
Key Features
- Secure and encrypted storage for all contract documents
- Embedded contracting with simple plug-and-play integrations
- Built-in eSignature to complete agreements quickly
- Customizable form fields tailored to contract requirements
- Compliance tools to align with policies and regulations
- Commenting and internal notes for smooth team collaboration
- Reporting and analytics to measure performance and key metrics
- A centralized repository that stores all contracts in a single, secure location.
- Real-time dashboard to monitor contract status and activity
- AI-powered features that assist throughout the contract lifecycle
Juro Ratings
G2 Review: 4.6
Capterra: 4.8
Best Known for: Juro offers a modern solution built for fast-moving teams that need to manage contracts with ease. Its intuitive interface reduces the effort required for contract work while automation tools simplify workflows, enabling businesses to complete the entire contract process more efficiently.
3) Icertis
Icertis is a leading software for contract management that makes handling complex contracts simple and effective for teams. With the power of AI, it helps organizations manage every agreement with accuracy and speed while giving leaders greater visibility and control. From smart automated workflows to proactive compliance tracking, Icertis empowers businesses to work more efficiently and unlock more value from every contract.
Key Features
- Personalized dashboards designed for each user role
- Advanced search to quickly find any contract detail
- Mobile app access to manage contracts anytime anywhere
- Role-based permissions for safe and secure collaboration
- Easy setup with flexible configuration to match business needs
- AI-powered tools to assess and reduce contract risks
- Secure e-signature support for faster deal closures
- Rapid deployment so teams can start gaining value quickly
Icertis Ratings
G2: 4.2
Capterra: 4.4
Best Known for: Icertis stands out for its AI-powered contract management and advanced compliance capabilities. Built to manage large and complex contracts, it connects smoothly with ERP and CRM systems.
4) Concord
Concord is reliable software for contract management that helps teams move past endless drafts, delayed approvals, and compliance worries. Designed with simplicity in mind, it’s easy for anyone to use while still meeting the demands of fast-growing businesses. From legal to finance, sales, and HR, every department benefits from Concord’s ability to keep contracts organized and teams working in sync.
Key Features
- Real-time collaboration keeps teams aligned and speeds up decision-making
- Optimized approval flows reduce delays and move contracts forward faster
- Full visibility into negotiations improves control and transparency
- Instant data access and live activity tracking enhance efficiency
- Clause detection inside Word saves time and reduces manual effort
- Smart search locates any contract in seconds
- Detailed change tracking ensures accountability
- Automated alerts for renewals and deadlines
- API and system integrations connect contracts seamlessly with existing tools
Concord Ratings
G2: 4.3
Capterra: 4.6
Best Known for: Concord is valued for its intuitive design, centralized contract repository, and suitability for expanding businesses. It helps teams manage contract tasks with ease by providing fast access to key documents, important dates, and upcoming deadlines all within a single platform.
5) Zoho Contracts
Zoho Contracts is powerful software for contract management designed to give growing businesses complete control over their agreements. With a focus on speed and simplicity, it enables teams to draft contracts smooth using customizable templates and seamlessly manage every stage from creation and review to approval and e-signatures within a single platform.
Key Features
- Easy-to-use templates that help teams create contracts quickly
- Automated approval workflows that reduce delays
- Secure eSignature support for fast and reliable digital signing
- Centralized management that simplifies the process
- Complete version history with activity tracking for full transparency
- Pre-drafted legal clauses that make contract writing quicker and more accurate
- Clear dashboards and reports that highlight contract progress and performance
- Seamless connection with Zoho CRM and other Zoho tools to enhance productivity
- Well-organized template library that allows teams to build contracts efficiently
Zoho Contracts Ratings
G2 Review: 4.5
Capterra: 4.4
Best Known For: Zoho Contracts is designed for businesses that want a straightforward and fast way to handle agreements. Setup takes just a few steps, automation keeps processes running effortlessly, and its seamless link with the Zoho ecosystem ensures everything works in sync.
6) Summize
Summize simplifies software for contract management by making it faster and easier to understand. It connects smoothly with the everyday tools your team already relies on, so there’s no challenges to your workflow. Using smart automation, it identifies important terms, sends timely alerts, and provides simple, plain-language summaries.
Key Features
- Smart calendar reminders to track important deadlines
- Word add-in for direct in-document contract editing
- Practical legal guides for consistent contract management
- Fast setup for quick adoption
- Team-friendly collaboration tools for smooth workflows
- Scalable cloud platform that grows with your business
- Visual dashboards and reports for better decisions
Summize Ratings
G2: 4.7
Capterra: 5
Best Known for
Summize transforms complex contract data into clear insights, helping teams identify potential risks, control costs, and make smarter decisions. Its user-friendly interface is built for simplicity, ensuring every detail is easy to understand and act on.
7) SpotDraft
SpotDraft is designed for today’s teams that prioritize efficiency, clarity, and measurable outcomes. Its easy-to-use interface allows legal and business users to get up and running quickly, with most implementations completed in just a few weeks. A guided onboarding program and responsive support ensure a smooth transition from day one. With flexible, transparent pricing that adapts to business needs.
Key Features
- Create contracts with confidence using built-in risk safeguards
- Securely finalize agreements with integrated e-signature tools
- Tailor approval flows to fit your team’s structure
- Keep every contract organized in a single workspace
- Collaborate seamlessly with cross-team input features
- Protect data with role-based access control
- Never miss a deadline with automated renewal and expiry alerts
- Save time with AI-powered clause suggestions
- Maintain clarity with complete version history and activity tracking
- Gain real-time insights through dynamic reports and dashboards
SpotDraft Ratings
G2 Review: 4.5
Capterra: 4.8
Best Known for: Designed for flexibility, the platform unifies intelligent contract tracking, efficient document management, and a user-friendly interface. It empowers teams to stay in control of their agreements, cut down on repetitive tasks, and handle every phase of the contract lifecycle with accuracy.
8) Conga CLM
Conga CLM is a good software contract management that unifies revenue and contract processes within a single platform. Seamlessly integrated with Word and Office 365, it enables users to draft, edit, and collaborate on agreements using familiar tools. This seamless compatibility boosts efficiency and ensures alignment across teams. With smart clause libraries, automated approval workflows, and real-time obligation tracking, Conga CLM brings structure, clarity, and control to the entire contract management process.
Key Features
- Step-by-step guidance for creating contracts with ease
- Multi-level approval workflows to keep processes efficient
- Real-time teamwork features for collaborative reviews
- Automated insights for smarter decisions
- Pre-built clause library for fast and compliant drafting.
- Simple upload and tracking of contracts signed outside the system
- Smooth integration with popular CRM and ERP solutions
Conga CLM Ratings
G2 Review: 4.3
Capterra: 4.3
Best Known for
Conga CLM is designed to accelerate contract management, helping businesses launch their processes quickly and efficiently. Its flexible setup and customizable design make it ideal for organizations aiming to boost productivity and achieve faster outcomes. With easy configuration and effortless integration into existing systems.
9) ContractWorks
ContractWorks is created for small businesses seeking a reliable and straightforward way to handle contracts. It offers a secure, centralized platform where every agreement is organized and easily accessible. Automated reminders for renewals and expiration dates help ensure no deadline is missed. With simple setup and an intuitive design, the platform helps teams stay organized, meet obligations, and manage contracts with ease.
Key Features
- Centralized, secure repository to keep contracts organized
- Automated reminders for renewals and key deadlines
- Role-based permissions to safeguard sensitive information
- Powerful search tools for quick and precise document access
- Built-in eSignatures for fast, secure approvals
- Full audit trails and customizable reports to ensure compliance
- A simple and intuitive interface that supports seamless use across all teams.
ContractWorks Ratings
G2 Review: 4.8
Capterra: 4.8
Best Known for: ContractWorks empowers legal teams with the right balance of control and ease of use. Stay ahead with automated reminders for renewals and key deadlines. All contracts are stored in one secure hub that is well-organized, connected, and easy to access.
10) HyperStart CLM
Hyperstart makes contract data instantly available for every team, including sales, finance, legal, HR, and procurement. This contract software combines AI-powered intelligence with a clear and intuitive interface to speed up approvals, simplify workflows, and keep processes smooth until contract renewal. With quick setup and customizable workflows, Hyperstart CLM gives businesses the clarity and momentum to close deals faster.
Key Features
- Simple, user-friendly interface that teams can adopt instantly
- Guided contract creation for faster and smoother execution
- Efficient approval workflows designed to keep processes moving
- Real-time tracking for complete visibility across contracts
- Analytics features to provide valuable insights at every stage
- Flexible workflows that adapt to your business needs
HyperStart Ratings
G2 Reviews: 5
Best Known for: HyperStart CLM combines a user-friendly interface, advanced AI, and intelligent collaboration tools, helping teams manage contracts efficiently and make data-driven decisions at every stage.
11) Ironclad
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Ironclad is one of the most popular software for contract management trusted by growing businesses and enterprises alike. Ironclad offers a user-friendly interface and powerful automation tools that enable teams to streamline contract creation, approvals, and tracking in a single platform.
Key Features
- Contract Acceleration
- Smart Tagging
- Redline Suggestions
- Process Centralization
- Counterparty Collaboration
- Searchable Documents
- Operation Tracking
- Insightful Reporting
Ironclad Ratings
G2 Reviews: 4.5
Capterra: 4.4
Best known for: Ironclad is best known for its intuitive contract lifecycle management platform that streamlines contract creation, automates workflows, and enables seamless team collaboration.
12) ContractSafe
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ContractSafe is a user-friendly contract management software designed for businesses that want quick access to their agreements without complexity. It offers features like smart search, automatic reminders, and secure storage, making it easy for teams to stay organized and keep track of important dates.
Key Features
- Smart Search Options
- Date Reminders
- Email Notifications
- Lifecycle Tracking
- Upload Alerts
- User Permissions
- Security Testing
- Ready Templates
- Approval Workflow
- Contract Collaboration
Ratings
G2: 4.7
Capterra: 4.8
Best known for:
ContractSafe is best known for its powerful search and reminder tools that help businesses quickly find documents and never miss renewal or compliance deadlines.
13) Cobblestone
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Cobblestone is a trusted contract management platform used by organizations of all sizes. It provides a wide range of tools to manage the entire contract process, from drafting and approvals to contract tracking. Its flexibility makes it a reliable choice for businesses with diverse contract needs.
Key Features
- Central Contract Repository
- Permission-Based Access
- Related Contract Linking
- Contract Request Forms
- Custom Data Fields
- Associated Location Mapping
- Milestone Date Tracking
- Process Task Management
- Flexible Workflow Customization
Ratings
G2: 4.8
Capterra: 4.7
Best known for: Cobblestone is best known for its all-in-one contract management features, giving businesses greater visibility into their contracts and stronger control over contract lifecycles.
14) Sirion
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Sirion is a good software for contract management built with a focus on collaboration and performance. It helps businesses not just manage contracts but also strengthen relationships with vendors and partners. With features for tracking obligations and measuring outcomes, Sirion connects contracts directly to business performance.
Key Features
- Smart Deal Negotiation
- Real-Time Collaboration
- Clause Template Library
- Compliance Risk Control
- Performance Obligation Tracking
- Seamless System Integrations
- Audit Trail Reporting
Ratings
G2: 4.5
Best known for:
Sirion is best known for linking contracts to real-world results, allowing businesses to manage supplier performance and contract obligations in one place.
15) Agiloft
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Agiloft is a highly renowned software for contract management that adapts to the unique needs of different industries. It offers no-code automation, advanced reporting, and integrations that help businesses simplify complex contract processes while maintaining flexibility.
Key Features
- Contract Creation
- Contract Attachments
- Contract Database
- Notifications & Reminders
- Contract Compliance
- Template Library
Ratings
G2: 4.6
Capterra: 4.8
Best known for: Agiloft is best known for its no-code customization, allowing organizations to tailor contract management workflows and reporting tools to match their specific requirements.
How Does a Software for Contract Management Work?
A good software for contract management simplifies the entire process by bringing creation, storage, tracking and collaboration into one place. It organizes everything in one place and empowers teams to work smarter and faster.
1) Starting the Contract
Contracts usually begin from a pre-approved template or an uploaded draft. This can be done directly using Outlook for easy access and sharing. This approach maintains consistency across teams and ensures contracts reflect organizational standards.
Legal and business users can add relevant details, making the process faster and more organized. By starting from a strong contract creation, teams can focus on meaningful negotiations rather than recreating documents.
2) Internal Collaboration
Before sending a contract outside the organization, it often needs input from internal teams. A good software for contract management allows users to comment, review, and suggest changes all within the same document. This keeps everyone aligned and avoids confusion.
With collaboration tools for teams, feedback is visible in one place, helping teams work together efficiently without switching between emails or multiple files.
3) Review and Approval
Once the draft is ready, it follows an approval path. Stakeholders from legal, finance, or other departments can review the contract in order or at the same time, based on the workflow set up in the system.
This stage gives teams a clear view of progress and keeps approvals organized. Using approval workflows in contract management, every draft moves through the right steps before it reaches external parties.
4) External Sharing and Negotiation
After internal approvals, the contract can be shared with the external party for review, edits, or approval directly in the platform. With audit trails and version control, both sides can track changes, stay aligned, and ensure the final signed agreement reflects all updates accurately.
Recommended Read: Contract Management Software with Version Control
5) Electronic Signatures
Once all approvals are complete, the final contract can be signed digitally. E-signatures make it faster to finalize agreements, and the signed copy is immediately saved in the system for future reference.
By using software for contract management, teams can complete contracts quickly and keep all signed agreements organized in one place.
6) Organized Storage and Access
All contracts are stored in a centralized location that is easy to search. Documents can be tagged by category, client, department, or other custom fields.
Teams can locate any agreement quickly using keywords, filters, or metadata. A central contract repository ensures everyone has access to the latest version and reduces time spent searching for files.
7) Alerts and Key Dates
Automated reminders are set for renewals, expiration dates, and other important milestones. Notifications are sent to relevant team members before deadlines arrive, helping them take action on time.
With contract reminders and alerts, teams can keep track of important dates without missing deadlines or letting contracts lapse.
8) Audit Trails and Version Control
Every action, from clause updates to approvals and signatures, is recorded in the system. Software for contract management gives teams a clear history of the contract and its changes over time.
Version control and activity logs make it easy to track edits, support contract audits, and maintain transparency throughout the contract lifecycle.
9) Reporting and Insights
Managers and teams can access real-time reports on contract status, time to completion, and potential risks. Analytics help identify areas for improvement, track performance, and guide smarter decision-making.
With contract analytics and reporting, teams can make better decisions and keep workflows transparent and organized.
Key Features to Look Before Buying Software for Contract Management
Software for contract management is no longer just about storing agreements in folders or waiting for approvals over email. When evaluating different options, here are the most important features to consider
1) Compliance and Security
Contracts contain sensitive data ranging from pricing details and business terms to personal customer information. Any compromise here can lead to legal, financial, or reputational risks.
Features in such as data encryption, access restrictions, multi-factor authentication, and secure storage keep contract data safe.
The ability to create audit-ready reports also makes it easier for organizations to face compliance reviews without issues.
2) AI-Powered Assistance
Artificial Intelligence is transforming the way contracts are created, reviewed, and negotiated. A study by Gartner predicts that by 2027, 50% of organizations will support supplier contract negotiations using AI.
Instead of teams spending hours reviewing every clause, good software for contract management can quickly highlight potential risks, track obligations, and point out unusual terms. This helps legal and business teams focus on evaluating the impact of these findings and making better decisions.
Recommended Read: Contract Lifecycle Management With AI
3) Contract Templates
Drafting contracts from scratch is slow, inconsistent, and increases the chance of missed details. Predefined templates helps manage contract clauses easily.
Research shows that 84% of organizations expect globally standardized contract templates by 2025. This shift highlights the growing recognition of templates as a tool for speed and consistency.
With a clause library, legal teams don’t need to repeatedly review the same language for every new contract.
4) Automation
Contract management involves many routine steps, such as sending approval requests, scheduling reminders, and tracking renewals.
Manually managing these tasks can lead to delays and missed deadlines. Automation helps by keeping processes active without constant human monitoring.
A software for contract management helps teams focus more on analyzing terms and managing negotiations.
5) Central Repository
One of the biggest challenges in contract management is locating agreements when they are needed. Contracts often sit in email threads, shared drives, or even paper files, making it hard to retrieve them quickly.
Nearly 71% of companies cannot find 10% or more of their contracts.
A central repository brings all contracts into one secure space, allowing teams to organize them by type, client, or department.
6) Activity Log
Knowing who made changes to a contract and when they did it is crucial for accountability.
An activity log provides this visibility by recording every action whether it’s a clause edited, a comment added, or a signature applied.
With a clear timeline of activities, organizations can resolve disputes quickly because they know exactly where a change occurred.
7) Role-Based Security
Not all employees need the same level of access to contracts. For instance, a sales representative might only need to view pricing details, while the legal team requires full editing rights.
This approach in software for contract management reduces the risk of unauthorized edits and keeps sensitive contracts protected. It also adds flexibility because organizations can adjust access levels as teams grow or new projects begin.
Role-based controls are especially useful for enterprises with multiple departments or global teams, where the need for controlled access is even greater.
8) Contract Redlining
Negotiations rarely go through without changes, and keeping track of revisions manually is challenging. Contract redlining tools allow both parties to make edits, add comments, and track changes directly within the platform.
A best software for contract management reduces misunderstandings by providing clear visibility into the negotiation process.
It also helps contracts move forward faster since edits can be reviewed in real time without waiting for long approval cycles.
Steps to Take Before Implementing Software for Contract Management
We’ve explored 15 leading software for contract management designed to meet the demands of modern businesses. But before exploring them, it helps to first understand how CLM solution functions Here a quick overview of how the process is typically works.
1) Assess Existing Contract Workflows
Start by thoroughly examining the current contract workflow, covering each step from creation to archiving. Capture how tasks are performed, where challenges occur, and which actions still rely heavily on manual input.
- Map the entire lifecycle of contracts, from drafting through execution to storage.
- Pinpoint repetitive actions, approval delays, and process inefficiencies.
- Highlight opportunities where automation can reduce manual workload and save time.
2) Define Business Objectives
Start by setting clear business goals that will guide the selection of contract management application. These goals may range from shortening approval cycles and enhancing accuracy to improving contract visibility or meeting compliance requirements.
- Identify measurable goals such as faster turnaround time, higher accuracy, or compliance support.
- Use these objectives as benchmarks for evaluating a software for contract management.
- Align the goals with overall organizational priorities.
3) Identify Core Functional Requirements
Determine the essential features that the software for contract management must deliver for effective contract handling. This may include digital signatures, timely alerts, access permissions, audit history, and robust search capabilities. A structured checklist of these requirements allows users to choose the best software for contract management with different software options.
- Document critical features that are non-negotiable for daily operations.
- Include functions such as signatures, notifications, and secure access.
- Use the feature list as a reference during vendor evaluation.
4) Involve Key Stakeholders
Different departments interact with contracts in unique ways, making it important to involve departments from legal, finance, procurement, sales, and IT. Their input helps uncover challenges faced in daily processes and ensures that choosing the best software for contract management addresses a wide range of organizational needs.
- Gather perspectives from all departments that rely on contracts.
- Understand specific challenges each team encounters.
- Use stakeholder feedback to guide software selection.
Recommended Read: 14 Contract Management Best Practices To Implement
5) Examine Legal and Compliance
Before selecting software for contract management, verify that it meets industry-specific regulations and data handling requirements. Compliance is not just about meeting current rules but also about minimizing risks and supporting long-term system adoption.
- Review applicable industry standards and regional regulations.
- Confirm the software’s ability to support data security and compliance needs.
- Reduce risks by selecting software for contract management that aligns with legal requirements.
6) Evaluate Integration Possibilities
The chosen software for contract management should connect effectively with existing business systems such as SharePoint, CRM, or document storage platforms. Strong integration capabilities minimize duplication of work and improve information flow across departments.
- Review current systems in use across the organization.
- Assess how well the new tool connects with these platforms.
- Choose a software for contract management that supports easy exchange of data between tools.
7) Plan for Onboarding and Training
The effectiveness of any system depends on how quickly employees can adopt it. Evaluate the type of training required and the availability of support resources, such as manuals, tutorials, or vendor-led sessions, to enable smooth adoption.
- Consider the level of training employees may need.
- Check for supporting resources like help centres and user guides.
- Organize onboarding sessions to speed up adoption.
8) Request Demonstrations or Pilot Access
Before making a final decision, ask the team for a product demo or trial period. Testing the software in real scenarios provides valuable insight into usability, speed, and feature performance. Gathering feedback from employees ensures that the solution meets everyday needs.
- Request a live demonstration or trial version of the tool.
- Test the software for contract management with actual agreement workflows.
- Collect user feedback to guide the final decision.
9) Estimate Budget and Scalability
Financial planning is critical when selecting software for contract management. Consider licensing costs, implementation fees, user limits, and ongoing support charges. The chosen software for contract management should fit within the current budget while allowing room for future growth as contract volumes rise.
- Evaluate both upfront and recurring costs of the system.
- Check for user limits and additional implementation charges.
- Select a software for contract management that can grow with increasing business needs.
10) Develop an Internal Rollout Plan
Introducing new software for contract management should follow a step-by-step rollout strategy. Starting with one department allows for testing and adjustment before extending to the entire organization. Setting timelines, training schedules, and points of contact helps reduce disruption and improve adoption.
- Start with a step-by-step rollout by implementing it first in one department.
- Define timelines, responsibilities, and training schedules.
- Expand gradually based on initial adoption and feedback.
Conclusion
Contracts drive every part of your business, and choosing the right contract management software transforms the way you handle them. The fifteen best software for contract management we explored aren’t just well-known; they are relied upon by teams that face real-world challenges every day, from drafting and approvals to renewals and compliance oversight.
For businesses that demand speed, security, and precision, CLM 365 delivers results. Experience it yourself with a 14-day free trial see how smarter contract management can elevate your operations.
Frequently Asked Questions
What types of contracts can be managed with help of CLM 365?
Sales, procurement, employment, NDAs, partnership agreements, service-level agreements, and more.
What are the stages of the contract lifecycle?
Creation, negotiation, approval, execution, storage, compliance tracking, renewal, and closure.
What’s the difference between contract management and contract administration?
Administration handles day-to-day tasks; management oversees the full lifecycle and performance tracking.
What Does AI in CLM 365 Help With legal workflow?
AI in CLM 365 speeds up contract reviews by summarizing key points, highlighting deadlines, and spotting potential risks. It suggests approved clauses during drafting and ensures consistency across documents making contract handling faster, smarter, and more reliable.
How are changes tracked using software for contract management?
Version control features show who made changes and when, with a complete edit history.
