Best Contract Management Software

Contract Management software is used to streamline the contract lifecycle process. Professionals, such as salespeople or account reps, who are involved in the negotiation side of contracting are tasked with defining terms and service level agreements, ensuring compliance, monitoring risk, amending agreements, and executing contracts. Legal departments on both sides of a deal participate in the contracting process to ensure compliance with laws and regulations, as well as with internal company rules. Contract management software simplifies these processes by allowing users to create, store, manage, redline, and share complex business contracts. Contract management software typically fits into a portfolio of tools used to handle overall vendor or contractor relationships and commonly integrates with CRM, quote management, and e-signature software.

To qualify for inclusion in the Contract Management category, a product must:

  • Include a repository of documents which can be stored in different categories for each type of contract
  • Offer templates which can be customized by the users involved in the creation of business contracts
  • Provide the ability to easily create, edit, share, and collaborate on contracts internally (with other employees) and externally (with customers or partners)
  • Comply with business legal requirements as well as with the internal business rules of the parties involved in the contract
  • Notify users when changes are required based on business rules and include approval workflows to finalize contracts
  • Track and monitor the contract creation and delivery process, and allow users to estimate the efficiency of the process and find ways to improve it
  • Manage throughout the entire contract lifecycle

Contract Management Software Grid® Overview

The best Contract Management Software products are determined by customer satisfaction (based on user reviews) and market presence (based on products’ scale, focus, and influence) and placed into four categories on the Grid®:
  • Products in the Leader quadrant are rated highly by G2 Crowd users and have substantial Market Presence scores. Leaders include: SpringCM Contract Management, Octiv, PandaDoc, Icertis, and Conga Contract
  • High Performers are highly rated by their users, but have not yet achieved the Market Presence of the Leaders. High Performers include: Agiloft, Concord, ContractWorks, ContractSafe, and Oneflow
  • Contenders have significant Market Presence and resources, but have received below average user Satisfaction ratings or have not yet received a sufficient number of reviews to validate the solution. Contenders include: Ariba, SAP Sourcing CLM, Apttus Contract Management, and Accelo
  • Niche solutions do not have the Market Presence of the Leaders. They may have been rated positively on customer Satisfaction, but have not yet received enough reviews to validate them. Niche products include: ContractRoom
G2 Crowd Grid® for Contract Management
Leaders
High Performers
Contenders
Niche
Ariba
Springcm contract management
Octiv formerly tinderbox
Sap sourcing clm
Agiloft
Apttus contract management
Pandadoc
Icertis
Contractroom
Accelo
Concord
Conga contract
Contractworks
Contractsafe
Oneflow
Market Presence
Satisfaction
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    Contract Management reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.

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    Kate from G2 Crowd

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