We help businesses choose the right contract lifecycle management software so they can manage negotiation workflows and track expiration dates. How does it work?

Contract Management Software


Sort by:
 
Sort by:
 
Oracle SCM Cloud logo
 
Oracle SCM Cloud offers a full suite of applications for companies to manage their supply chain, distribution, manufacturing, inventory management, and fleet.  Using product development, users can create a detailed bill of material... Read More
Rating:            (3)
Rating:
         (3)
Price:
Advisor Recommendations:
9
Platforms:
Deployment:
Business Size:
S
M
L
Oracle SCM Cloud offers a full suite of applications for companies to manage their supply chain, distribution, manufacturing, inventory management, and fleet.  Using product development, users can create a detailed bill of material... Read More
 
ShippersEdge logo
 
ShippersEdge is a good fit for fleet operations looking for an affordable, web-based solution. Manages carrier contracts, shipments and claims. Can integrate with existing order management, accounting or warehouse systems.
Rating:            (3)
Rating:
       (3)
Price:
Advisor Recommendations:
8
Platforms:
Deployment:
Business Size:
S
M
L
ShippersEdge is a good fit for fleet operations looking for an affordable, web-based solution. Manages carrier contracts, shipments and claims. Can integrate with existing order management, accounting or warehouse systems.
 
Kenandy Cloud ERP logo
 
Kenandy is a comprehensive cloud-based ERP solution created for companies that design, manufacture, or distribute products. It helps businesses manage core processes including order-to-cash, planning and production, procurement, TPM,... Read More
Rating:            (1)
Rating:
       (1)
Price:
Advisor Recommendations:
7
Platforms:
Deployment:
Business Size:
S
M
L
Kenandy is a comprehensive cloud-based ERP solution created for companies that design, manufacture, or distribute products. It helps businesses manage core processes including order-to-cash, planning and production, procurement, TPM,... Read More
 
Total Contract Manager logo
 
Contract Director is a Forrester Research-recognized Contract Management solution by SciQuest. Designed to support any type of contract, this web-based, Mac-compatible system is suitable for mid-sized companies in any industry.
Rating:            (3)
Rating:
        (3)
Price:
Advisor Recommendations:
6
Platforms:
Deployment:
Business Size:
S
M
L
Contract Director is a Forrester Research-recognized Contract Management solution by SciQuest. Designed to support any type of contract, this web-based, Mac-compatible system is suitable for mid-sized companies in any industry.
 
Contract Insight Contract Management logo
 
Contract Insight is a contract lifecycle management solution developed by CobbleStone Systems. It system can be deployed either on the customer’s premises (with perpetual licensing) or in the cloud (with monthly subscription licensing). In... Read More
Rating:            (13)
Rating:
        (13)
Price:
Advisor Recommendations:
6
Platforms:
Deployment:
Business Size:
S
M
L
Contract Insight is a contract lifecycle management solution developed by CobbleStone Systems. It system can be deployed either on the customer’s premises (with perpetual licensing) or in the cloud (with monthly subscription licensing). In... Read More

Call us for a free FastStart Consultation: +64 4 488 7035


 
Verian by Basware Procurement logo
 
The Verian strategic sourcing and procurement solution also includes contract management functionality. This application is ideal for supply chains that specialize in apparel, CPGs, technology, healthcare, petroleum and machinery.
Rating:            (3)
Rating:
        (3)
Price:
Advisor Recommendations:
5
Platforms:
Deployment:
Business Size:
S
M
L
The Verian strategic sourcing and procurement solution also includes contract management functionality. This application is ideal for supply chains that specialize in apparel, CPGs, technology, healthcare, petroleum and machinery.
 
SMART by GEP logo
 
SMART by GEP is a unified procurement solution that offers spend analysis, savings tracking, strategic sourcing, contract management, supplier management and procure-to-pay order processing in a single cloud-based, mobile-enabled... Read More
Rating: No reviews
Rating:
No reviews
Price:
Advisor Recommendations:
5
Platforms:
Deployment:
Business Size:
S
M
L
SMART by GEP is a unified procurement solution that offers spend analysis, savings tracking, strategic sourcing, contract management, supplier management and procure-to-pay order processing in a single cloud-based, mobile-enabled... Read More
 
Conga Novatus Contract Management logo
 
Novatus is available on-premise or as a web-based solution, and automates the entire CLM process. It helps businesses generate, organize and maintain business contracts. Features include redlining and contract templates.
Rating:            (14)
Rating:
        (14)
Price:
Advisor Recommendations:
3
Platforms:
Deployment:
Business Size:
S
M
L
Novatus is available on-premise or as a web-based solution, and automates the entire CLM process. It helps businesses generate, organize and maintain business contracts. Features include redlining and contract templates.
 
Contract Logix Contract Lifecycle Management (CLM) logo
 
Contract Logix Contract Lifecycle Management (CLM) software is a modular contract management solution. It offers features such as workflow automation tools, a secure electronic document repository, advanced search options, contract... Read More
Rating:            (4)
Rating:
        (4)
Price:
Advisor Recommendations:
3
Platforms:
Deployment:
Business Size:
S
M
L
Contract Logix Contract Lifecycle Management (CLM) software is a modular contract management solution. It offers features such as workflow automation tools, a secure electronic document repository, advanced search options, contract... Read More
 
ContractWorks logo
 
ContractWorks is an easy to use, easy to adopt contract management solution for small to mid-sized supply chain organizations. It includes unlimited data and unlimited users, along with a simple, flat rate pricing structure. Buyers... Read More
Rating:            (25)
Rating:
       (25)
Price:
Advisor Recommendations:
1
Platforms:
Deployment:
Business Size:
S
M
L
ContractWorks is an easy to use, easy to adopt contract management solution for small to mid-sized supply chain organizations. It includes unlimited data and unlimited users, along with a simple, flat rate pricing structure. Buyers... Read More

Call us for a free FastStart Consultation: +64 4 488 7035


 
DocMinder Contract Management logo
 
Word-Tech’s DocMinder is a hosted or on-premise task management program that uses clients’ existing email systems to automate delegation and provide oversight with calendars and reporting. DocMinder manages the contract process... Read More
Rating:            (4)
Rating:
        (4)
Price:
Advisor Recommendations:
1
Platforms:
Deployment:
Business Size:
S
M
L
Word-Tech’s DocMinder is a hosted or on-premise task management program that uses clients’ existing email systems to automate delegation and provide oversight with calendars and reporting. DocMinder manages the contract process... Read More
 
Apprise logo
 
Apprise offers organizations an enterprise resource management (ERP) and supply chain management solution developed for consumer goods manufacturers, importers and distributors. It is suitable for companies operating internationally... Read More
Rating:            (9)
Rating:
        (9)
Price:
Advisor Recommendations:
1
Platforms:
Deployment:
Business Size:
S
M
L
Apprise offers organizations an enterprise resource management (ERP) and supply chain management solution developed for consumer goods manufacturers, importers and distributors. It is suitable for companies operating internationally... Read More
 
BlueCherry logo
 
BlueCherry is an enterprise resource planning (ERP) suite featuring modules for omnichannel planning, product lifecycle management (PLM), shop floor control, logistics, e-commerce, finance and electronic data interchange. It is suitable... Read More
Rating: No reviews
Rating:
No reviews
Price:
Advisor Recommendations:
1
Platforms:
Deployment:
Business Size:
S
M
L
BlueCherry is an enterprise resource planning (ERP) suite featuring modules for omnichannel planning, product lifecycle management (PLM), shop floor control, logistics, e-commerce, finance and electronic data interchange. It is suitable... Read More
 
Supply Chain Planning & Optimization logo
 
Quintiq's best-of-breed Supply Chain Planning & Optimization is a scalable solution for any size organization seeking to manage every part of their contract lifecycle.
Rating: No reviews
Rating:
No reviews
Price:
Business Size:
S M L
Platforms:
Deployment:
Quintiq's best-of-breed Supply Chain Planning & Optimization is a scalable solution for any size organization seeking to manage every part of their contract lifecycle.
 
Asentex Contract Management logo
 
Deployed by organizations across a variety of industries, Asentex Contract Management lets users easily track and manage contracts throughout their entire lifecycle with both web-based and on-premise solutions.
Rating:            (4)
Rating:
       (4)
Price:
Business Size:
S M L
Platforms:
Deployment:
Deployed by organizations across a variety of industries, Asentex Contract Management lets users easily track and manage contracts throughout their entire lifecycle with both web-based and on-premise solutions.

Call us for a free FastStart Consultation: +64 4 488 7035


 
Gatekeeper logo
 
Gatekeeper is a cloud-based vendor and contact management solution. Key features include automated alerts, customization and collaboration tools and integrations with other software.   Users can manage contracts and vendor information,... Read More
Rating:            (6)
Rating:
       (6)
Price:
Business Size:
S M L
Platforms:
Deployment:
Gatekeeper is a cloud-based vendor and contact management solution. Key features include automated alerts, customization and collaboration tools and integrations with other software.   Users can manage contracts and vendor information,... Read More
 
IBM Emptoris Contract Management logo
 
IBM Emptoris Contract Management helps global businesses manage the entire contract lifecycle, from renewals to renegotiation. The system is accessible via the IBM SoftLayer Federal Cloud, specifically designed for US Federal Government... Read More
Rating: No reviews
Rating:
No reviews
Price:
Advisor Recommendations:
3
Platforms:
Deployment:
Business Size:
S
M
L
IBM Emptoris Contract Management helps global businesses manage the entire contract lifecycle, from renewals to renegotiation. The system is accessible via the IBM SoftLayer Federal Cloud, specifically designed for US Federal Government... Read More
 
Deskera - Manufacturing logo
 
Deskera is an enterprise resource planning software formulated to run manufacturing operations. The system is suitable for companies manufacturing for a variety of industries. Textiles, automotive, distribution, metal processing, pharmaceuticals,... Read More
Rating:          (1)
Rating:
        (1)
Price:
Advisor Recommendations:
2
Platforms:
Deployment:
Business Size:
S
M
L
Deskera is an enterprise resource planning software formulated to run manufacturing operations. The system is suitable for companies manufacturing for a variety of industries. Textiles, automotive, distribution, metal processing, pharmaceuticals,... Read More
 
BravoAdvantage logo
 
Puridiom offers an electronic spend management application for both medium-sized businesses and enterprise-level buyers. The application includes contract management features in addition to inventory and sourcing functionality.
Rating:            (3)
Rating:
         (3)
Price:
Advisor Recommendations:
1
Platforms:
Deployment:
Business Size:
S
M
L
Puridiom offers an electronic spend management application for both medium-sized businesses and enterprise-level buyers. The application includes contract management features in addition to inventory and sourcing functionality.
 
Sage X3 logo
 
Sage X3 is an enterprise business management software suite that includes integrated functionality for financial management, sales, customer service, distribution, inventory, and manufacturing, and business intelligence. Sage X3 is... Read More
Rating:            (6)
Rating:
        (6)
Price:
Business Size:
S M L
Platforms:
Deployment:
Sage X3 is an enterprise business management software suite that includes integrated functionality for financial management, sales, customer service, distribution, inventory, and manufacturing, and business intelligence. Sage X3 is... Read More
 

Buyer's Guide

by Daniel Harris,
Market Research Associate
Last Updated: May 12, 2017


Choosing a contract lifecycle management (CLM) solution for small and midsize businesses (SMBs) can be a challenge, especially when there are so many options available on the market. It’s important to understand in detail all the features, deployment models and market trends before finalizing your software purchase decision. For that reason, we’ve created this buyer’s guide to help you choose the right CLM solution for your organization.

Here's what we'll cover:

What Is Contract Lifecycle Management Software?
Common Features of Contract Lifecycle Management Software
Evaluating Contract Lifecycle Management Software
Deployment Models and Pricing
Market Trends to Understand

What Is Contract Lifecycle Management Software?

Contract management lifecycle software organizes the complex and detailed contractual negotiation process between buyers and suppliers. These solutions typically manage the entire lifecycle of a contract, from initial request for proposal (RFP) to eventual renegotiations. Gaining full control of the contractual process allows users to not only reduce supplier risk, but also to gain increased insight into contracts—creating strategic negotiation opportunities and improved cash flow.

CLM software solutions have proven to be a must-have tool for managing efficient workflows. These solutions help streamline processes for sales, procurement, legal, operations and finance professionals. With more organized workflows, managers can focus on key performance areas and reduce the need for constant follow-ups. These systems also give users the capability to create personalized contracts with their clients.

These software systems range from applications that exclusively manage vendor contracts to robust suites that also include sourcing, bidding and procurement functionality. Many of these solutions also integrate with other supply chain, accounting and enterprise resourcing planning (ERP) systems.

Common Features of Contract Lifecycle Management Software

By automating and simplifying contract acquisition and maintenance, users can ensure consistent contractual language, regularly maintained buy-cycles and sound financial planning. Users can also take advantage of notification systems that help identify opportunities to improve contract alignment. The result is a smoother acquisition process, higher supplier retention and reduced contractual risk that can lead to better cash management practices.

Specific features of CLM solutions include the following:

Compliance assurance Automation assures users that contractual negotiations meet compliance regulations. Additional company and industry-specific compliance protocols can be added as necessary.
Contract creation and automation These systems often include new contract templates that can easily be exported to Microsoft Word or other document creation programs. Additionally, future contracts can be automatically sent through the user’s predefined workflow.
Approval management The approval process goes through many hands. These solutions enable the next-in-line to receive automated notifications that the contract is ready for their approval—speeding up the process greatly.
Notifications and alerts These systems allow users to construct both broad and long-tail notification parameters for renewal dates, expiration dates and other renegotiation opportunities. Alerts can be delivered within the system or sent directly to a user’s email address.
Ad hoc reporting Reporting features allow users to find additional opportunities to improve contractual terms. Reports can be generated based on search queries or specific contracts.
Accounting and ERP integration Oftentimes, these systems integrate directly with accounting and ERP solutions to maintain accurate cash flow data, as well as aid in financial forecasting.

Evaluating Contract Lifecycle Management Software

Analyst firms have consistently found that streamlined CLM is a best practice for companies looking to reduce supplier risk. Regulation of the contract lifecycle allows users to gain increased visibility and reduce this risk, as well as discover contract improvement opportunities.

When evaluating CLM systems, these questions can help determine if the solution fits your needs:

  • Do you need an on-premise deployment or cloud-based, software-as-a-service (SaaS) solution?
  • Do you negotiate contracts internationally? Many regions and governing bodies have unique regulations for contracts and proposals. Your chosen solution needs to comply accordingly.
  • In addition to CLM, do you need this system to include procurement and sourcing functionality? What other features does this system require to fit your supply chain needs?
  • Will the system need to integrate with existing solutions? Is integration with accounting, ERP or other supply chain software necessary?

Deployment Models and Pricing

CLM software is generally available in two separate deployment models, which tend to have different pricing structures:

Cloud-based. Cloud-based CLM software is hosted on the vendor’s servers and is typically priced as a SaaS model, meaning that users pay a monthly or annual subscription fee that is usually based on the number of users.

On-premise. On-premise CLM software is hosted on the user’s own servers. This type of deployment usually costs a flat, upfront fee to use the software indefinitely, though there may be recurring support and maintenance fees on an yearly basis. The upfront fee is also typically based on the number of users on the system, as this type of software is sold in the form of licenses per person.

Market Trends to Understand

The CLM software market is gradually evolving as business executives realize the benefits of implementing a CLM solution. Buyers are looking for a solution that both fits their budget and meets the needs of their small business. Here are the primary trends influencing the CLM software market:

Digitization of paper contracts. Organizations are moving on from paper to digitized documents for faster processing of contracts. Also, digitized documentation help in reducing overhead paper and printing costs. E-signature functionality enables executives to swiftly approve documents while fulfilling all compliance requirements. Advanced CLM software helps users monitor contracts in real time and sends alerts for pending documents with upcoming deadlines.

Increased adoption of cloud-based software. Cloud-based software provides agility to businesses by reducing the upfront investment of licensing fees. This model suits the requirements of small businesses, as it incurs only operational expenditures. Furthermore, online platforms require minimal hardware infrastructure and could be more secure than on-premise solutions for small businesses operating on a limited budget.

Free Download:
Ten Steps Guide to Selecting the Right SCM Software

 

How it Works

We match organizations with software that meets their needs.

Our service is simple and 100% free to customers like you because software vendors pay us when we connect them with quality leads. You save time and get great advice. Vendors get great referrals. It's a win for everyone!

Call now for advice: +64 4 488 7035
Software Advice Advisors
×