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 software, quote management software, accounting software, and e-signature software.
To qualify for inclusion in the Contract Management category, a product must:
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BravoAdvantage is the strategic procurement platform that enables organizations to generate more value, influence innovation and reduce risk. Powered by a unique supplier-centered approach that integrates supplier lifetime value throughout the entire procurement process, BravoAdvantage provides the visibility, insight and transparency required to power and improve your procurement initiatives and decisions. BravoAdvantage includes: Spend Analysis: Manage costs, compliance and risk. Aggregate spend data from multiple disparate systems; cleanse and classify data into a common classification structure; and perform multi-dimensional analysis—which enables you to identify saving opportunities and correct compliance breakdowns to ensure you realize your negotiated savings goals. Sourcing: Streamline processes, reduce cycle times and achieve valuable business outcomes. Collaborate to create, issue and evaluate sourcing events via a secure online solution, moving seamlessly from RFx direct to eAuction to maximize business relationships and lower costs throughout your supply chain. SourcingPlus: Extend sourcing to maximize complex bidding opportunities by leveraging analytical capabilities against an expanded set of supplier data to easily manage the many variables associated with high-spend, strategic categories with complex requirements that involve a large number of stakeholders. Contract Lifecycle Management: Negotiate and manage contracts in a single online environment to reduce organizational risk with unparalleled insight into supplier contracts. With visibility across the entire organization, improve tracking, negotiation and management of every contract to ensure compliance at all stages of the supply relationship. Supplier Value Management: Go beyond basic supplier scorecards. Gain a comprehensive view of your organization’s suppliers across the entire procurement process, making the procurement process more efficient and effective. Clearly see summary supplier interactions, understand interactions in process and create fact-based improvement plans for continuous supplier development. Procurement: Automates and streamlines the purchasing process from requisition to receiving with the ease of online shopping. Configurable workflows ensure fast and efficient approvals that manage and track every step of the purchase process, reducing the possibility of rogue or maverick spending. Access to a network of approved catalogs also ensures that the right item is purchased from the right supplier at the right price. Invoicing: Extend the optimization of your procurement process with streamlined accounts payable. Invoicing eliminates paper invoices by automating cost coding, approvals, and invoice image storage, while facilitating reconciliation and payment, all through an easy-to-use web interface. Savings Management: Take control of your organization’s savings management processes by streamlining collection, approval and reporting your procurement organization’s increased value generated across the entire organization. Accurately manage, track and communicate your achieved savings. Analytics: Move beyond historical reporting and into the world of role-based, guided analytics which provides actionable intelligence specific to your business needs.
Contractpedia is a cloud-based solution that helps you to organize and get a financial overview of the multitudes of contracts that govern your supplier relationships. Contractpedia will also help you to stay in control of auto-renewals and find money internally. It makes your contracts transparent so that you are fully aware of your actual expenses and remaining obligation and as a result benefit the most on your commitments.
ecratum provides a business-to business platform that helps manufacturers of various industries to manage their interactions with customers and suppliers quickly and efficiently. Centered around Supplier Relationship Management and Customer Service Management, ecratum offers a multitude of Software-as-a-Service tools that can be set up quickly and inexpensively. ecratum serves small and large customers alike and can be used by anyone with internet access and a browser in no time.
ESM Contract Management solution is a flexible solution that is well suited for organizations of all sizes and levels of contract management sophistication. It molds to your existing workflows for quick implementation, and provides the foundation on which to evolve your contract management best practices.
Exari (http://www.exari.com) is a global leader in cloud-based Contract Lifecycle Management solutions. Used worldwide by legal, sales, insurance, investment banking, and government professionals, Exari solutions improve visibility into contract data and reduces costs, cycle time and risk. Exari solutions are used by thousands of users to manage millions of contracts worldwide. Exari DocGen™ With Exari DocGen™ you can streamline the contract creation and negotiation process, for eliminating manual human error, speeding up approval and decrease risk with standardized language. With powerful editing and risk scoring capabilities, Exari integrates with workflow and collaboration systems, dramatically improving your business process, growth and ROI. Exari is used by hundreds of thousands of business professionals globally, across 80 Countries. Customers include 5 of the top 15 banks, 4 of the top insurance brokers, and numerous market-leading energy companies. Exari Contracts Hub™ The Hub allows you to organize all of your existing contracts in one central repository while capturing key data making it easier to search, sort, analyze and report on all of your critical contract data instantly. Exari Contracts™ Manage and streamline your entire contract management lifecycle from creation to archival. With intuitive negotiation, creation and collaboration tools, customized reporting, risk scoring to speed up low risk deals and so much more.
Exigent's contract management solution enables you to manage your contract obligations. Critical business insights from your commercial contracts to help you reduce disputes, minimize revenue leakage, improve buying power and guide your overall contract lifecycle management process. The visibility of and access to valuable data drives tangible improved business performance.
Newgen Provider Contract Manager helps Health Plans develop a centralized and fully automated system to process and manage contracts and all subsequent requests. Built on Newgens advanced Enterprise Content Management (ECM) and Business Process Management (BPM) systems, it delivers speed and accuracy across the contract lifecycle.
Infor Contract Lifecycle Management (CLM) improves the creation, negotiation, execution, and management of contracts throughout their development. The application treats key terms, conditions, and clauses as attributes and provides insights on those elements.
Ironclad combines contract management and workflow automation into a single platform to create a true system of record for contracts. Simple to use and implement, Ironclad seamlessly integrates with CRM, storage, and e-signature providers—all while extracting the valuable metadata your legal team needs to succeed.
THE PROCUREMENT EMPOWERMENT PLATFORM Ivalua’s Platform is uniquely designed for agility, performance, and scale. Built on a single code base and data model leveraging a configurable cloud infrastructure it fundamentally alters what Procurement & Supply Chain leaders can achieve. Unmatched flexibility -Best-in-class is not one-size-fits-all. -Easy configuration is a core principle of the Ivalua platform. -Meet your users’ needs, from custom UI and workflows to new forms and fields. -Collaborate with suppliers and other stakeholders by tailoring processes to their needs. Welcome to the Configurable Cloud The Ivalua Platform is built on a configurable cloud. An industry leading cloud environment that allows you to scale up or down and be assured of the highest security and performance standards, no matter where or what device.
Kira is advanced, award-winning machine learning software that excels at searching and analyzing text in contracts. We originally developed Kira for contract review in M&A due diligence, where lawyers review hundreds or thousands of third-party contracts that are not already organized and might be in any number of file formats. Our customers quickly discovered that Kira can just as easily be deployed in a wide variety of applications, whenever rapid and accurate search analysis of contracts is required. This is possible because Kira’s machine learning tool, Quick Study, makes it easy to teach Kira to identify virtually any needed provision from any contract. Now, Kira Systems customers use Kira for contract obligation management, contracting simplification, cost recovery, compliance and other use cases where visibility into contract provisions is critical. Kira’s customers include some of the world’s largest corporations and professional services organizations including firms from the AmLaw 100, Chambers Band 1, and Big Four.
PracticeLeague Contract Lifecycle Management is an integrated and sophisticated off-the-shelf solution that has evolved extensively with market feedback and adopted to the fast changing dynamics of the market-demand to become a fluidic, feature-rich platform that can completely transform and streamline your contracting process.
Lextree from Berkman Solutions is the clear solutions for legal data, dates, and documents. For over a decade, we have provided professionals and business leaders all over the world with exceptional legal technology solutions. Lextree includes solutions for legal entity management, board meetings and minutes, and contract management.
Liveoak makes it easy for financial institutions to engage with remote customers. Its secure, digital conferencing platform provides the tools that financial institutions need to successfully onboard new accounts, transact business and meet facetoface with remote customers.