Our Top Picks

Concord Logo
Concord
  • Deployment: Web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: Phone during business hours, online
  • Contract drafting
Concord ensures you can seamlessly create, cooperate on, sign, and manage your documents through a single platform.

The collaboration in the drafting and editing stages is incredibly flexible. This soware works on Word or Google Docs and eliminates the need to email or re-upload the document after each change.

You also get unlimited signatures and storage with this program, which ensures you never run out or have to juggle between apps. Concord features fantastic automation tools that guarantee each document is going to the right person. These tools also generate reports, comparing your contract terms to the others you entered.

Concord’s notable features include:
  • Template building
  • Real-time editing
  • E-signatures
  • Approval workflows
  • Deadline alerts
  • Storage and reporting
  • Multiple integrations

Concord’s straightforward user interface is easy to implement. Once you set it up, determine all relevant configurations to gain full autonomy over your processes and take advantage of its services as much as possible.

Pros & Cons

Pros

  • All-in-one solution
  • Smart automation
  • Multiple available integrations

Cons

  • Live support only during business hours
  • No free trial

Summary

  • Starting Price
    • $279/month
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    Business Hours
    Online
  • Contract Drafting
    Yes
Features
  • Deployment: Web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: Phone during business hours, online
  • Contract drafting
Conga Logo
Conga
  • Deployment: Web-based, cloud, SaaS, Mac, Windows, iPhone/iPad, Android
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Completion tracking
Conga ensures you gain visibility across every business department and enjoy actionable insights into contract data and T&C. Regarding security, this company has you covered with its safe, centralized repository that’s configurable to your business standards.

Conga’s notable features include:
  • Preconfigured templates for document drafting
  • A clause library for easy contract building
  • Workflow automation tools
  • Seamless collaboration on documents
  • Insights through the dashboard
  • Smart reporting tools

Plus, this software smoothly combines with your other programs. It comes with out-of-the-box integrations with leading e-signature tools and Salesforce. If you use different tools, building custom integrations is straightforward with the flexible APIs.

Pros & Cons

Pros

  • Flexible integrations
  • Live round-the-clock customer support

Cons

  • Pricing only on request

Summary

  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo and Free Trial
  • Deployment
    Installed - Mac
    Installed - Windows
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Contract Drafting
    Yes
Features
  • Deployment: Web-based, cloud, SaaS, Mac, Windows, iPhone/iPad, Android
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Completion tracking
ContractWorks Logo
ContractWorks
  • Deployment: Web-based, cloud, SaaS
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Document and workflow management
ContractWorks is a modern, flexible, and 100% customizable CLM solution with a built-in signature tool. It grants you complete control over your document repository, which you can access from the slick dashboards.

The Smart Document Tagging feature helps you automatically detect all the information relevant to any contract, while the milestone alerts ensure you’re always on top of the terms you signed. The annotation tools help you locate central sections of the text.

All these functionalities generate detailed reports for any purpose, from analytics to audits.

ContractWorks’ notable features include:
  • Drag-and-drop repository
  • Smart Document Tagging technology
  • A built-in electronic signature tool
  • Comprehensive search tools
  • Unlimited alerts and notifications
  • Document templates

You can also include your employees by generating permissions based on user roles and granting them to the staff members. The full access, view only, and no access settings ensure only authorized personnel can reach the contracts to perform their tasks while maintaining security.

Pros & Cons

Pros

  • Smart permission-based user management
  • Live round-the-clock customer support

Cons

  • A bit expensive

Summary

ContractWorks Logo
ContractWorks
  • Starting Price
    • Standard: $600/month
    • Professional: $800/month
    • Enterprise: $1,000/month
  • Free Trial/Demo
    Free Demo and Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Contract Drafting
    Yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Document and workflow management
Icertis Logo
Icertis
  • Deployment: Web-based, cloud, SaaS, Windows
  • Customer service: Phone during business hours, online
  • Contract drafting
Icertis’ contract intelligence (ICI) platform is a full, intelligent management solution for all your documents. The software comprises four elements that, when combined, take care of the entire life cycle of your contracts.

The core consists of a contract management platform that works with ICI Business and AI apps to address specific business challenges. ICI Experiences seeks to embed the platform’s power within your standard software, integrating it into your workflow. Finally, the ICI Blockchain Framework creates internet-enabled contract networks, helping you keep track of everything executed.

Icertis’ notable features include:
  • Intelligent contract setup through standardized templates
  • Rule-based contract generation
  • Collaboration tools for negotiation
  • Bulk processing tools
  • AI-powered tracking
  • Enterprise-grade security

AI-enhanced analytics can do wonders for business practice optimization. You can personalize the dashboards to display what you need to see, monitoring your contract performance through a single platform. The same portal boasts robust search tools for accessing document information and increasing visibility.

Pros & Cons

Pros

  • AI-powered platform
  • All-inclusive CLM software
  • Smart reporting tools

Cons

  • No live customer support
  • No free trial

Summary

  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Installed - Windows
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
    Online
  • Contract Drafting
    Yes
Features
  • Deployment: Web-based, cloud, SaaS, Windows
  • Customer service: Phone during business hours, online
  • Contract drafting
PandaDoc Logo
PandaDoc
  • Deployment: Web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Contract drafting
PandaDoc is an advanced all-in-one contract automation solution for teams of all sizes. Its trademark drag-and-drop editor makes document drafting a breeze, while the automated signature tracking tools ensure no time gets wasted. The collaboration tools help companies work with vendors, closing deals quickly and easily.

The documents you create are highly customizable. PandaDoc lets you pull all relevant information from repositories and add legal clauses in several clicks. Once a contract goes into force, you can set up alerts and reminders to fulfill your obligations, meet deadlines, and keep track of critical dates.

PandaDoc’s notable features include:
  • Customizable template library
  • Interactive contract creation
  • CRM data pulling for quick drafting
  • Engagement tracking
  • Real-time alerts
  • Analytics for business optimization

Plus, this software seamlessly cooperates with numerous other tools you might be using, from Salesforce to PayPal to QuickBooks. You can even expand the options you get with out-of-the-box integrations using PandaDoc APIs.

Pros & Cons

Pros

  • Full-featured CLM solution
  • In-depth reporting features

Cons

  • A learning curve

Summary

PandaDoc Logo
PandaDoc
  • Starting Price
    • Essentials: $25/month/user
    • Business: $59/month/user
    • Enterprise: Custom quote
  • Free Trial/Demo
    Free Demo and 14-Day Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Contract Drafting
    Yes
Features
  • Deployment: Web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Contract drafting

How We Chose the Best Contract Lifecycle Management Software

Businesses encounter multiple contracts in their day-to-day activities, from invoices to employee applications. These legally binding documents are beneficial to your company, but they can get complicated and require a lot of care to avoid trouble down the road. 

Recent technological advancements have introduced more straightforward ways of managing agreement flow. Contract life cycle management (CLM) software is among such trends, facilitating document administration, and preventing risk exposure. 

These tools control, coordinate, and streamline contracts over their entire life cycles, helping companies optimize agreement usage, reduce costs, and even forecast revenue. However, contract life cycle management is still a new trend, and it can get complicated.

Here, we’ve examined the prominent solutions available today. Using the following criteria, we built a list of the top five software products to help your company manage documents. 

Contract Life Cycle Features

The best CLM solutions include numerous helpful features for life cycle management. The software should help draft your agreements using tools and templates. It should also let you oversee their flow from creation to entry into force to the termination date. 

Capabilities include:

  • Contract drafting
  • Workflow management 
  • Completion tracking
  • Full-text search
  • Compliance assurance
  • Approval management
  • Notifications and alerts

Integrations

Complex operations with many moving parts often consider introducing CLM software to simplify the workflow. Ideally, CLM will smoothly integrate with other programs the company is already using, including:

  • ERP solutions
  • Accounting tools
  • Office 365 
  • CRM systems

Reports

CLM software should generate detailed reports to help you assess and promote your contract life cycle management practices. 

The reporting features should help you find ways to improve your contractual terms. These features help locate the information you need through contract specifics or search queries become much quicker and more comfortable.