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Choosing the right contract management software can be overwhelming, especially when each option claims to be the best. For legal teams, the stakes are even higher.
Deloitte reports that effective contract management can cut costs by 60%, but the challenge lies in finding a solution that truly fits your business needs.
In this blog, you’ll gain a clear understanding of the 13 best contract management software solutions, helping you make an informed decision that aligns with your business needs. But first, let’s start with what contract management software is.
What is contract management software?
Contract management software is a digital tool that streamlines contract drafting, approval, execution, and tracking, covering the entire contract management lifecycle process.
It empowers legal professionals by automating the contract lifecycle with AI and OCR technologies, reducing manual work and boosting efficiency.
Selecting the right software from the available options is crucial to achieving these objectives. Here’s how we evaluated and narrowed our list to the 13 best contract management software.
How we analyzed and selected the best contract management software
Our team thoroughly analyzed over 35 contract management platforms to refine the top 13 options. We compared each software against the other, checked ratings on renowned platforms like G2 and Capterra, and analyzed user preferences on community forums like Reddit and Bently.
At last, we shortlisted these contract management systems based on factors like ease of use, affordability, ideal users (small business/SME/enterprise), features, and integration options. This extensive research and domain experience helped us select the right contract management solutions for you.
Let’s look at our list of the top 13 contract management software.
Comprehensive contract management software comparison: 13 best options
| Software | Standout Feature | Best For |
 | Automated metadata extraction |
Startups Small Businesses Mid-sized Companies Enterprises |
 | Automatic contract data tagging |
Mid-sized Companies Enterprises |
 | Customizable report filters and views |
Mid-sized Companies Enterprises |
 | AI-powered contract repository |
Mid-sized Companies Enterprises |
 | AI chatbot assistant |
Mid-sized Companies |
 | Negotiation portal |
Mid-sized Companies Enterprises |
 | Drag-and-drop contract editor |
Small Businesses Mid-sized Companies Enterprises |
 | Auto extract & intelligent workflows |
Mid-sized Companies |
 | No-code configuration |
Mid-sized Companies Enterprises |
 | Collaborative contract editor |
Mid-sized Companies Enterprises |
 | Automated alerts |
Small Businesses Mid-sized Companies Enterprises |
 | File and folder synchronization |
Mid-sized Companies |
 | Kanban workflow engine |
Small Businesses Mid-sized Companies |
Now, let’s understand each of them one by one.
Understanding the 13 best contract management software in detail
1. HyperStart CLM
See HyperStart in action 👇
About HyperStart CLM
HyperStart CLM is end-to-end contract management software that empowers users to create, find, and agree contracts up to 80% faster. You can seamlessly implement the repository in 2-7 days and custom automated workflows in 2-3 weeks.
Powered by HyperVerge AI, HyperStart CLM helps you automate manual processes like contract retrieval, redlining, and metadata extraction (99% accuracy) for renewal tracking from both legacy and digital contracts.
One of HyperStart’s clients, LeadSquared, adopted HyperStart CLM to streamline contract management. This implementation cut contract creation time by 60% and improved contract reporting speed by 92%, enabling their legal team to complete reviews in minutes instead of hours, significantly boosting efficiency and compliance.
Using HyperStart CLM, you can accelerate contract review and execution time 5x with exceptional efficiency. HyperStart CLM is the top pick in our 13 best contract management software list.
Key features of HyperStart CLM
Pros of using HyperStart CLM
Cons of using HyperStart CLM
What HyperStart CLM’s customers have to say
Highlights of HyperStart CLM
2. Ironclad
About Ironclad
Ironclad is an AI-powered contracting software that adds end-to-end efficiency to your contractual processes and speeds up contract TAT.
With Ironclad, you can automatically extract contract metadata from over 194 pre-defined contract properties. This highly customizable contract management software is also excellent for tagging, removing, and reporting on contract data with custom reporting dashboards and visualization options.
Key features of Ironclad
Pros of using Ironclad
Cons of using Ironclad
Ironclad is a robust solution for contract management, offering AI-driven features and strong security standards. However, every organization has different needs. So, you’re considering other contract management software, here are some alternatives to Ironclad that may better suit your needs.
3. SpotDraft
About SpotDraft
SpotDraft is your all-in-one contract management solution. This tool helps you create and send contracts for signing within minutes. Suitable for businesses of all scales and sizes, SpotDraft is known for its efficiency and precision in contract management.
Enriched with AI-led automation, SpotDraft is excellent for accelerating the contract redlining process and closing deals faster. These factors make it great for contract collaboration across legal, sales, financial, and human resource processes.
Key features of SpotDraft
Pros of using SpotDraft
Cons of using SpotDraft
4. LinkSquares
About LinkSquares
LinkSquares is an end-to-end contract management system that streamlines everything, from the first draft to the final signature. The software automatically identifies contract terms from your legacy contracts for obligation tracking.
LinkSquares’ contract management system aligns perfectly with tools like Salesforce and Microsoft Word. Each team involved in the contracting process can stay in the loop while working on their preferred applications.
Key features of LinkSquares
Pros of using LinkSquares
Cons of using LinkSquares
After going through the reviews of LinkSquares, if you feel like exploring other software solutions for contract management, it’s important to first review LinkSquares’ pricing. The costs can vary significantly based on additional features and user roles. If these pricing concerns are a factor, then here is a list of alternatives to LinkSquares for managing contracts.
5. Juro
About Juro
Loved by over 6,000 companies, Juro is another leading AI-powered contracting solution. It offers a flexible and collaborative contract management platform that consolidates all contractual documents in one place
With Juro AI, your contract finalization becomes 10 times faster. This tool helps draft, summarize, and review contracts for accelerated signing. Juro can be integrated with over 5,000 tools, ensuring complete contract management centralization. While Juro stands out for its automation and ease of use, businesses looking for different features or pricing options may also find various Juro alternatives that offer competitive contract management solutions.
Key features of Juro
Pros of using Juro
Cons of using Juro
6. DocuSign CLM
About DocuSign CLM
DocuSign CLM is an excellent tool, whether you want to simplify the contract management process or leverage automation. This software comes with advanced AI integrations and rich features to help you manage all stages of your contract lifecycle.
This contract administration platform is a recognized leader in major CLM reports, like the Gartner Magic Quadrant for CLM. Moreover, owing to its diverse integration options, end-to-end client support, and seamless upgradability, it is one of your business’s best agreement management software.
Key features of DocuSign CLM
Pros of using DocuSign CLM
Cons of using DocuSign CLM
If you’ve explored DocuSign CLM and want to consider other CLM software with strong contract management and e-signature features, check out this list of DocuSign alternatives.
7. CobbleStone Software
About CobbleStone
CobbleStone Contract Insight Enterprise is a commercial contract management software solution for large businesses. It utilizes CobbleStone’s VISDOM AI to analyze contracts created by internal and external teams.
CobbleStone Contract Insight is integrated with leading CRMs, ERPs, and other department-specific systems. So far, it has helped thousands of companies, including many Fortune 500 companies, streamline contract management.
Key features of CobbleStone
Pros of using CobbleStone
Cons of using CobbleStone
8. Agiloft
About Agiloft
Agiloft offers a one-of-a-kind contract management software suite with no-code configuration. Highly flexible, user-friendly, and scalable, Agiloft’s contract management software is a perfect solution for businesses of all sizes and scales.
You can integrate Agiloft’s contract management software with over 1,000 systems and streamline inter-departmental coordination. With a near 100% satisfaction score, Agiloft is one of the top contract management software choices among organizations looking for a simple, efficient, and streamlined automated contract automation solution. For those looking for CLM options, several Agiloft competitors also provide robust contract management features that may better suit certain business needs or preferences.
Key features of Agiloft
Pros of using Agiloft
Cons of using Agiloft
9. ContractWorks
About ContractWorks
Stay organized and minimize contract risks with ContractWorks. ContractWorks is one of the best contract management tools for remotely managing contract documents. The solution has a SOC 2®, Type 2 contract repository report for seamless contract access control.
ContractWorks makes contract redlining easy and eliminates lengthy negotiation emails. Moreover, the contract management solution has advanced AI integration for innovative and quicker contract redlining.
Key features of ContractWorks
Pros of using ContractWorks
Cons of using ContractWorks
It would also be great to have some space for workflow automation, which the software currently needs to catch up to. Still, ContractWorks offers solid features. Check out ContractWorks pricing to see if it fits your business needs.
10. Concord
About Concord
Concord is software for editing, redlining, chatting, and commenting directly on the contract document. This contract management solution gives contract lifecycle management a flexible process where every workflow can be tailored to meet your dynamic needs.
Concord works seamlessly with 5,000+ apps, simplifying contract-related collaboration among different teams in your organization. The solution is also great for gathering in-depth insights through reporting and parameter tracking.
Key features of Concord
Pros of using Concord
Cons of using Concord
11. Conga Contracts
About Conga Contracts
Conga Contracts offers contract management tools for legal and procurement departments. This software works with almost any CRM but is extensively integrated with Salesforce.
Whether you want to draft and negotiate a contract or manage its signing and post-signing execution, Conga Contracts is a complete tool for procurement companies. By using Conga, you can save up to 1,000 hours annually in contract management. While Conga Contracts, can be easily integrated with other systems, businesses looking for different features or pricing options may also want to explore various Conga Contracts alternatives that offer competitive CLM solutions.
Key features of Conga Contracts
Pros of using Conga Contracts
Cons of using Conga Contracts
12. Evisort
About Evisort
Evisort brings you an AI-powered contract management system to help you with all stages of your contract lifecycle.
Evisort helps you create dynamic contract templates that adjust to your legal needs. Moreover, with integration support for Salesforce, SAP Ariba, SharePoint, and other systems, you can effortlessly streamline all your contract processes.
Key features of Evisort
Pros of using Evisort
Cons of using Evisort
13. Gatekeeper
About Gatekeeper
Gatekeeper is an ISO 27001 and 9001-certified contract lifecycle management solution. It can restore contract visibility, elevate control, and ensure end-to-end compliance.
Gatekeeper uses a Kanban workflow engine to help you automate processes and streamline workflows. From contract metadata to files and interactions, Gatekeeper stores everything related to your contracts in one place for easy accessibility.
Key features of Gatekeeper
Pros of using Gatekeeper
Cons of using Gatekeeper
This is our narrowed-down list of contract management software options available in the market. However, before you select contract management software, let’s discuss the overall benefits.
5 Key benefits of using contract management solutions
So far, we have discussed how different contract management software is beneficial in various ways. However, there is much more to gain when using advanced contract management software like HyperStart CLM. Let’s take a look at the benefits of contract management software.
1. Have all legacy contracts in one place
Finding contracts is often challenging for businesses of all sizes, from bootstrapped startups to large enterprises. Another challenge is keeping up with these contract terms and obligations.
Contract management software stores all your legacy and digital contracts in one place. Moreover, with features like intelligent search and automated metadata extraction, you can find what you’re looking for in seconds.
2. Never miss a renewal again
Most businesses use tools like Excel and Google Sheets to track their contracts. While these tools are excellent for basic contract tracking, they don’t provide direct updates on the contract obligations, milestones, renewals, and expiration dates.
Contract management systems, on the other hand, provide automated metadata extraction to save you the trouble of manual tracking. This, coupled with automated reminder alerts, ensures you never miss a renewal again. Use this feature to track and renew contracts on time.
3. Streamlines contract drafting
Clear, concise, and legally accurate contracts are fundamental to all business relationships. A robust contract creation solution helps in-house legal empower other business teams with pre-approved self-serve templates. Templates can be browser-based, device-uploaded, or scanned copies with standardized clauses. Advanced OCR capabilities on the platform can further enhance the accuracy of your contracts.
4. Improves TAT and redlining speed
According to a Gartner report, legal drag increases a product’s launch time by as much as 10%, which translates to USD 7 million in revenue loss. Legal delays are primarily due to lengthy contractual processes. Controlling your contract’s TAT (turnaround time) is essential for organizational efficiency.
A contract management tool is centralized for collaboration with different parties. Moreover, AI assistance helps automate time-consuming tasks, reducing the overall TAT. The result is faster contract closing and increased redlining speed.
5. Improves contract visibility
Optimal contract visibility helps stakeholders understand the real-time status of contracts. However, contract visibility is often limited in manual contracts.
Contract management software offers advanced contract visibility functionalities to help you analyze and understand your contract status. Integrated with visualization tools, these software are great for tracking and searching business contracts.
These are the benefits of using contract automation software. However, to experience, these benefits, it is important that you choose the right platform with the right features to manage contracts. What are these features? Keep reading to find out.
Contract management software features
Advanced contract management tools like HyperStart CLM offer top-notch functionalities that help automate and streamline contractual processes. Here is a list of essential contract management software features to look for when choosing an automated contract management system:
These are the best online contract management software features. Ensure that your selected software has these features to streamline CLM processes. Apart from these features, there are other factors to look into to choose the right platform. The coming section sheds light on these factors.
How to select the right contract management software solution
We have provided you with the 13 best contract management systems. Wondering, how to choose contract management software that fits your needs? Here are some factors to help you make your decision.
These are a few points to consider when choosing contract management software. Now, you are all set to streamline your contract management processes.
How much does contract management solutions cost?
There is no fixed cost of a contract management software solutions. The exact cost varies due to factors like:
A simple contract management software program costs less than an advanced one. Nonetheless, the vendor can provide the pricing details for each solution. If you want to learn more here is a post about various factors aftecting cost of contract management software.
At HyperStart, we offer custom pricing models to accommodate your business requirements. You can get in touch with our team and get a custom quote for our contract automation platform.
So far, we have provided all the information you need to pick the best software for contract management. Now, you are all set to streamline your contract management processes.
Ready to streamline your contract management process?
Whether you want to manage a part of your contract’s lifecycle or automate the entire CLM process, the software will help you enhance your processes. Choose the right software and make the most of your contracts.
HyperStart CLM offers end-to-end contract management software to help you simplify, scale, and streamline contract management. We leverage artificial intelligence and machine learning to bring you the best of automated contract management. Connect with us today to book a free demo of HyperStart CLM.
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