Are you looking to streamlining contract processes, increase revenue, improve compliance, and maintain security? Do you want to simplify the contract lifecycle process, from pre-signature to post-signature, in a more comprehensive fashion? If so, then you’re on the right page! Contract lifecycle management (CLM) software is the solution you are looking for.
11+ Contract Lifecycle Management(CLM)
3. SAP Ariba
5. Conga Contracts
10. Parley Pro
What Is Contract Lifecycle Management(CLM) Software
Contract lifecycle management (CLM) software is used to proactively and effectively manage the entire contract lifecycle process, streamlining the contract’s pre-signature and post-signature journey. CLM software helps users manage actions like post-signature, including obligation tracking, performance and compliance management, and dispute resolutions, which is not the same as typical contract management systems.
CLM software provides a centralized platform where businesses can ensure all internal and external parties understand and deliver on their contractual obligations.
Using CLM software, you can eliminate time-consuming, error-prone, and repetitive tasks. You can also secure document storage and collaboration with version tracking and redlining.
Furthermore, since CLM software helps you proactively manage every process in the entire contract lifecycle, you can reduce risks, increase compliance, and increase transparency. Apart from these, you also get to enjoy a reliable collaboration, negotiation, approval, signing, and contract renewal process.
Contract lifecycle management tools are almost the same across vendors. However, they only vary in terms of package and pricing structure.
Top 10 Contract Lifecycle Management(CLM) Software
LinkSquares is an end-to-end contract lifecycle management software that harnesses the power of artificial intelligence. Its intuitive platform allows you to gain deep insight into your entire portfolio, accelerate every stage of the contract lifecycle, and integrate with the key systems you use every day.
Evisort provides contract management and AI technology for legal, procurement, sales, finance, and IT teams.
3. SAP Ariba
SAP Ariba provides cloud-based solutions for collaborative spending, finance, and sales management.
4. Conga Contracts
Conga Contracts automates standard contracting tasks to help make it easier for your legal teams to control how contracts are created, shared, and stored.
5. Icertis Contract Management Software
Icertis Contract Management Software has unmatched technology and category-defining innovation to push boundaries of what is possible with contract lifecycle management (CLM).
6. SirionOne Contract Management Software
SirionOne Contract Management Software uses machine intelligence to bring together category-leading innovations, unrivaled contract lifecycle management expertise, and a deep commitment to customer success.
7. DocuSign CLM
DocuSign CLM streamlines the agreement lifecycle by transforming analog manual processes into a digital automated workflow. This results in an accelerated business process, increased compliance, and improved workforce efficiency.
8. Contract Logix
Contract Logix is a data-driven contract lifecycle management solution that offers automated and streamlined drafting, negotiation, approval, execution, and management of contracts.
9. Workday Strategic Sourcing
Workday Strategic Sourcing is a leading cloud-based platform for strategic sourcing and supplier engagement, trusted by teams to streamline and re-imagine procurement processes.
10. CobbleStone Contract Insight Enterprise
CobbleStone’s contract management software streamlines the entire lifecycle of contracts in legal, procurement, sales, and risk management, among other industries.
What Are the Stages of Contract Lifecycle Management?
Can Contract Lifecycle Management Software Help with Searching and Reporting?
Some contract lifecycle management software offers metadata search and reporting to help save your legal, HR, and contract specialists from the stress of sifting through file cabinets, folders, and share drives.
Does CLM Software Offer Software Integrations?
CLM software usually integrates with CRM software, proposal software, accounting software, and e-signature software.
CLM software makes a difference in the way you manage contract processes during these key stages: initiation, authoring, process and workflow, negotiation and approval, execution, ongoing management and compliance (within the repository), and contract renewal. With its features allowing common language, core templates, unified terms, and repeatable conditions, CLM software can help buyers and suppliers save time and reduce errors.
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