You’ve been tasked with managing a vendor agreement for a medium-size business. You know the contract is a key component to getting the job done, but you also know this will be a time-consuming task without the right software.
That’s why you need to find the best contract management software.
BEST OVERALLPandaDoc
PandaDoc is an affordable, all-in-one solution with a robust contract and document management platform.Pros
- 24/7 customer support on paid plans
- Unlimited documents, e-signatures, and users
- 14-day free trial
Cons
- The content library is only available with Business or Enterprise plans
- Bulk send feature costs extra
- Limited integrations in the free plan
Founded in 2011, PandaDoc helps you oversee the entire lifecycle of your contracts using its intuitive software. This affordable and feature-rich software stands out from the competition, making it the best overall choice for companies of any size.
Quickly get up and running by using this browser-based program or downloading PandaDoc’s mobile app for Android and iOS. You’ll appreciate its robust tools such as:
- Content and contract library
- Contract duplication
- E-signature
- Real-time notifications
- Payment processing
PandaDoc provides custom templates with an easy-to-use, rich-media, drag-and-drop editor. Plus, you can set up custom workflows, processes, and rules. Customers appreciate integrations with 30-plus customer relationship management (CRM) programs like HubSpot, Pipedrive, and Microsoft Dynamics.
This secure solution gives companies an audit trail for documents while keeping data safe in its secure cloud storage facilities. If you need a Health Insurance Portability and Accountability Act (HIPAA)-compliant program, PandaDoc offers custom solutions.
PandaDoc CLM software features month-to-month or annual plans, and you’ll save up to 17% with a yearly payment. The following package prices are based on monthly billing:
- Free eSign: Get unlimited legally binding signature and document uploads, plus accept payment all for free
- Essentials: $19 per month per user for templates, a drag-and-drop editor, pricing tables, and document analysis
- Business: $49 per month per user for CRM integrations, content library, custom branding, approval workflows, and Zapier integrations
- Enterprise: Get a personalized solution with an unlimited number of team workspaces, Salesforce integration, and user performance reporting
BEST FOR SMALL BUSINESSESDocuSign
From e-signatures to a full CLM system, DocuSign gives small businesses access to inexpensive contract management solutions.Pros
- 30-day free trial of e-signature solution, no credit card required
- 24/7 chat support
- Flexible workflow configurations
Cons
- Full CLM solution requires a custom quote
- Initial workflow setup is complex
- Occasionally has problems with syncing documents
DocuSign began in 2003 as an e-signature company, but its 2018 purchase of SpringCM gave the business CLM capabilities. Companies use DocuSign widely because it’s simple to use for all parties. Our review found DocuSign’s e-signature plans to be best for small businesses, although end-to-end solutions are available for contract-heavy workflows.
You can use this browser-based software online or take your contracts to go with DocuSign’s mobile app for Android and iOS. The e-signature and CLM program has several features available, including:
- Reusable templates
- Recipient reminders
- Payment collection
- Real-time comment notifications
- Content repository
Customize your contract emails with personalized logo and color themes and take advantage of smart forms with custom formulas. DocuSign connects with more than 350 pre-built integrations like Salesforce, Microsoft, and Google.
Small business owners appreciate court-admissible audit trails, secure storage centers, and General Data Protection Regulation (GDPR) compliance. The company offers unique plans for realtors, government agencies, and healthcare to assist with your regulatory needs.
Many small companies do well with e-signature plans. You can pay annually or monthly. Packages below are based on month-to-month payments:
- Personal: $10 for a single-user plan and the ability to send five e-signature documents per month and primary contract fields
- Standard: $25 per month per user for up to five users, adds auto email reminders, deadline notifications, personalized branding, and comments
- Business Pro: $40 per month per user for up to five users to collect payments, use advanced fields, and bulk-send contracts
BEST FOR LARGE BUSINESSESConcord
With full onboarding support and enterprise-grade features, Concord allows companies to send an unlimited number of documents.Pros
- Unlimited contracts, viewers, e-signatures, and storage
- Bulk upload features on all plans
- 14-day free trial with no credit card required
Cons
- No refunds on plans
- Versioning requirements create long data logs
- Difficult to integrate contracts signed outside of the platform
Founded in 2014, Concord’s simple design helps enterprises stay on top of compliance and changes throughout the lifecycle. With the unlimited volume and key integrations, Concord is your best choice for large businesses.
At first glance, you’ll notice that Concord looks similar to Gmail. You can set it up in minutes and take advantage of full onboarding support with all plans. You can choose to work from the program you’re comfortable in, whether you choose the Concord dashboard or Google Drive. Top CLM features include:
- Live editing
- Redline, comment, and chat
- Template storage
- Autofill smart fields
- Full-text optical character recognition (OCR) search
- Deadline reminders
- Built-in e-signature function
Concord delivers tons of flexibility with a custom approval process, reports, insights, and user groups. It connects with Dropbox, DocuSign, and Salesforce. The company uses bank industry-standard encryption and secure data centers. Plus, you benefit from strict versioning requirements, which generates a new log every time a field is entered or edited and provides you with a consistent audit trail.
The CLM packages deliver clear and transparent pricing based on your number of users and a yearly contract. Select plans from threee to unlimited users and choose month-to-month or annual pricing. You’ll save over 25% with annual payments. The following packages are based on five users, billed annually:
- Free: Unlimited documents and unlimited e-signatures for up to three users and three templates
- Standard: $115 per month for bulk-send and amendment management
- Pro: $295 per month for all integrations
- Enterprise: Get a custom quote for a 99.9% service level agreement (SLA), pre-approved clause library, and custom branding
BEST FREE OPTIONJuro
This end-to-end contract management platform offers a free plan with incredible functionality.Pros
- Free plan for up to 50 contracts a year
- Intuitive to use
- Native e-signature
Cons
- Paid plans are expensive
- No mobile app
- Can’t send the same contract to several people at once
Founded in 2016, Juro offers a visually appealing dashboard with robust search capabilities and AI-enabled analytics. Although it’s pricey for paid plans, the free program provides the right mix of basic features making it our top choice for the best free option.
As an end-to-end contract management platform, Juro offers templates and a built-in template editor to create contracts and send them out for approval quickly. Its intuitive dashboard features a best-in-class user interface. With the free plan, you get:
- One template
- Template editor
- Internal commenting
- External negotiation
- Native e-signature
- Kanban dashboard
If you opt for a paid plan, you’ll get high-level functionality like AI-powered analytics, redlining, and the ability to mass update your contracts. Paid packages also include integrations with Slack, Google Drive, and Salesforce.
Like other CLM solutions, Juro complies with regulations for e-signatures and stores data on Amazon Web Services (AWS) servers in tightly controlled data centers in the EU region.
Juro only offers annual contracts on paid plans, so you can’t pay monthly. But, non-profits do receive a 15% discount. Packages include:
- Free: For up to 50 contracts, one user, and all free plan features noted above
- Lite: $295 per month for 500 contracts, five users, unlimited templates, audit trails, and integrations
- Team: $900 per month for unlimited contracts, 10 users, AI-enabled analytics, approval workflows, and dedicated customer success manager
- Business: A custom solution for mass imports and a single sign-on option
BEST FOR CUSTOMIZATIONAgiloft
Agiloft provides code-free customizations for contract and commerce lifecycle management.Pros
- Free plan for SMBs
- Unconditional guarantee
- 99.9% uptime service level agreement (SLA)
- Open-ended free trial
Cons
- No internal chat feature
- Unlimited customization provides so many options that it can be confusing
Agiloft is the oldest provider on the list, as it was founded in 1991. However, it has stayed current with plenty of updates, giving companies of all sizes access to customizable solutions. It’s enterprise-grade and custom features make Agiloft a clear winner in our best for customization category.
Use Agiloft on any computer with its cloud-hosted software. All businesses benefit from:
- Free online training
- Contract authoring
- Clause library
- Contract print templates
- E-signature via DocuSign or Adobe Sign
- Content repository
Its code-free configurations allow you to put together custom workflows, routing processes, reports, and even a personalized dashboard to track your key performance indicators (KPIs) and alerts. Agiloft integrates with Google and Microsoft to quickly upload documents using the software you already use in your business.
Agiloft provides an audit trail for every document, keeps your data in secure storage centers, and provides Sarbanes-Oxley, GDPR, and HIPAA compliance.
When it comes to pricing, Agiloft believes in custom solutions. You can choose to pay on a monthly, quarterly, or annual basis. All plans are based on your number of users and start at $65 per user per month:
- Free: No-cost license for an administrator, five power users, and five end-users with standard integrations
- Professional: Adds phone support and five-minute intervals for timer-based rules
- Professional Extended: Get vendor and customer portals, multi-language support, and pre-built integrations with Salesforce and Jira
- Enterprise: Pre-built artificial intelligence (AI) modes and in-house deployment options
- Enterprise Extended: Offers 24/7 support and unlimited custom models.
AI Sales Assistant Software: People.ai
People.ai is a predictive selling management platform, or AI sales assistant, designed for leaders to help them better manage their teams. They offer a full range of sales, marketing, and revenue management solutions for organizations of all sizes. All harnessing the next-level power of AI.
Features
- Analytics/ROI tracking
- Customer journey mapping
- Sales forecasting
- Statistical analysis
- Performance metrics
- Channel management
- Opportunity management
Revenue Operations Software: Clari
Clari is built for B2B companies to help them shorten their selling cycles. It offers AI and automation features that deliver total visibility.
Everything from forecasting to pipeline management, their revenue operations platform streamlines the revenue process from start to finish. Things become efficient and predictable.
Features
- Exception reporting
- Dynamic modeling
- Graphical data presentation
- Trend analysis
- Statistical analysis
- Performance metrics
- Dashboard
Conclusion
Contract Analytics has increasingly become an important tool in contract management. With contract analytics software, companies are able to identify potential risks in contracts before they are formed or prior to any dispute resolution.