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    • Drafting. Contract lifecycle management tools can help you create contracts from scratch, or import them in Word or PDF format. If you draft a contract as an online doc, you can edit text and formatting, and drag-and-drop fields anywhere in the document.
    • Collaboration. Once you’ve drafted a contract, your contract management platform can enable you to quickly share that doc with other internal team members.
    • Approval. Your CLM system can help you create approval workflows with as many steps as you like, routing each draft to the specific approvers you choose.
    • Negotiation. After a contract has been approved, you can negotiate with external customers and vendors, right inside the same document. As with internal collaboration, you’ll be able to see customers’ and vendors’ comments in real time, and can redline changes for their approval while they’re watching.
    • PandaDoc - Best Overall. Why we chose it: PandaDoc is our top pick for contract management software due to its intuitive feature set and user-centric design.
    • ContractWorks - Best for Small Businesses. Why we chose it: We found ContractWorks best for smaller companies because it’s straightforward and cost-effective.
    • Juro - Best for Legal Teams. Why we chose it: Juro is our top choice for legal teams because it offers advanced features tailored to the complexities of legal contract management.
    • Cobblestone Contract Insight - Best AI Tools. Why we chose it: CobbleStone Contract Insight made our list because of its AI tools, such as intelligent contract analysis, risk assessment, and data extraction.
    • ContractSafe. Price range: S tarting at $375/mo with pricing based on the features you need and the number of contracts in your database. The cherry on top?
    • ContractWorks. Price range: Starts from $700/mo for the basic package and goes up to $2,000/mo for enterprise. ContractWorks at a glance: ContractWorks is built for businesses that want more contract drafting capabilities, but it comes with a steep learning curve and relatively higher pricing.
    • CobbleStone. Price range: CobbleStone does not openly share pricing information on its website. CobbleStone at a glance: CobbleStone is a robust contract management solution designed with a deep focus on procurement.
    • Concord. Price range: $17/mo per user for basic; up to $89/mo per user for enterprise. Concord at a glance: Concord is a contract management solution with a strong focus on contract generation, editing, and electronic signature capabilities.
  2. 1 day ago · 1. Juro — Best for legal teams. 2. ContractWorks — Best for easy setup. 3. Nintex — Best for automation capabilities. 4. Evisort — Best for AI-driven insights. 5. Icertis — Best for compliance management. 6. Coupa — Best for procurement integration. 7. Agiloft — Best for custom workflows. 8. Zycus — Best for supplier management. 9.

    • Essential Contract Management Software Buying Information
    • What Are The Most Reviewed Contract Management Systems?
    • What Is Contract Management Software?
    • Contract Management Software Pricing
    • Contract Management Software Features Rated by Users
    • Top Contract Management Software Benefits Identified by Users
    • Common Challenges of Contract Management Software Identified by Users
    • What Is Contract Management Software Used for?
    • Who Uses Contract Management Software?
    • Common Contract Management Software Integrations

    Contract management softwareautomates the creation, tracking, and monitoring of contracts and agreements. It allows users to draft contracts from scratch, customize existing templates for specific clauses, and store all contracts and related documents in a centralized digital repository. Businesses across industries—including legal services, human ...

    Capterra Shortlist identifies the top contract management systems based on a proprietary blend of user ratings and popularity, helping small businesses efficiently find the most effective contract management solution for their needs.2Here are the five most-reviewed products in our Capterra Shortlist for this category: These rankings are determined ...

    Contract management software, or contract lifecycle management software, automates the entire contract management process, from contract creation and negotiation to tracking, monitoring, and renewal. It also automates contract approval workflows, allowing users to set up approval chains to move contracts through various stages, such as review and f...

    Most enterprise contract management software solutions on the market are priced on a “per month” basis, and a typical entry-level pricing plan is around $7 per month. Premium or advanced system subscriptions commonly cost upward of $99 per month. 1. Entry-level systems generally include contract drafting, time tracking, contact management, and docu...

    All contract management tools include document management, contract drafting, and pre-built templates, and most share a variety of common features such as electronic signature and workflow management.

    Effective team support: Users have noted their contract management software systems’ helpful team support features that enable them to extract the most value and efficiency from their software. “It connects businesses with a global talent pool, backed by responsive support, fostering smooth and efficient collaborations across borders.” –Walid F., p...

    For contract management software, document upload problems, customization and user accessibility issues are the most frequently cited limitations in user reviews from the past year. Users say they aren’t easily able to change the fonts, background colors, or other visual elements of the contracts created with their software, which is a drawback for...

    Analysis of our extensive contract lifecycle management software reviews highlights the most common use cases: 1. Expediting the contract signing process:The digital signature feature allows stakeholders to execute contracts online, without having to deal with physical paperwork. Clients can sign and send the contracts electronically, making the en...

    Because of its versatility, enterprise contract management software is one of the most ubiquitous technologies for businesses of all sizes and industries. Systems are usually geared toward teams involved with managing or handling contracts, such as: 1. Legal teams 2. Sales teams 3. HR teams 4. Finance teams While anyone related to the teams above l...

    Software reviewers say they commonly integrate their contract management tool with CRM, document management, and digital signature. Additionally, reviews over the past year that mention integration have a generally positive user sentiment, indicating that integration is likely not an issue with contract management tools. During software evaluation,...

  3. May 23, 2024 · What is the best way to manage contracts? You can improve your business’s contract management with these tips: Centralize responsibility for contracts; Create templates to standardize contracts; Identify service levels for SLAs – this could possibly be different for each contract; Build a contract team communication channel

  4. Aug 21, 2024 · Key takeaways. Best overall: PandaDoc. Best for expanding businesses: SpotDraft. Best for merged companies: DocuSign CLM. Best for enterprises: ContractWorks. Best for automation: LinkSquares. Best for integration: Concord. Best for scanned documents: ContractSafe. What is contract management software?

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