A contract is inevitable in every business transaction. This document ensures safety and security for both parties involved. This will also ensure that no one is at the losing end, and both parties are amicable with the terms.  However, a contract needs to undergo challenging processes and steps to reach a sustainable and doable end goal. This is where Contract Lifecycle Managment software comes in.


Check on the full article to know more about the software, its benefits, its features, the top 10 software available in the market, and the answers to the frequently asked questions.

11+ Contract Lifecycle Management(CLM)

1. Apttus

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Rating: 4.5/5

Price: $25/Month

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2. Icertis

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Rating: 5/5

Price: $59/Month

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3. SAP Ariba

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Rating: 5/5

Price: $50/Year

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4. Coupa

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Rating: 4.7/5

Price: Free

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5. Conga Contracts

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Rating: 4.9/5

Price: $59/Month

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6. ContractWorks

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Rating: 5/5

Price: $6/Month

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7. Cobblestone

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Rating: 5/5

Price: $59.99/Month

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8. Agiloft

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Rating: 5/5

Price: $65/Month

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9. Concord

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Rating: 4.8/5

Price: $17/Month

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10. Parley Pro

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Rating: 4.8/5

Price: $59/Month

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11. PandaDoc

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Rating: 4.7/5

Price: $19/Month

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12. DocuSign

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Rating: 4.7/5

Price: $10/Month

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What is Contract Lifecycle Management(CLM) Software?

Contract Lifecycle Management Software, or CLM software as most people call it, is used to proactively and effectively manage the entire contract lifecycle process. This software streamlines all needed things in the process, from pre-signature down to post-signature, including obligation tracking, performance and compliance management, and dispute resolutions.

CLM software provides a single and centralized platform where parties can keep track, and manage any development on the contract. This software also ensures that all parties understand and deliver their contractual obligations respectively.

Benefits

Contract Lifecycle Management Software saves time, effort, and cost. This will also lessen human-made errors and manual delays. Using this software also secures document storage, efficient communication, and collaboration, reduces risks, increase compliance, and increases transparency in the transaction.

Features

Contract Lifecycle Management Software is equipped with functionalities and features to maximize its performance. Among the common ones includes:

There are more benefits and features present on the list of software platforms below.

Top 10 Software

1. Apptus

Commercial operations evolved with Apptus! This software is highly rated and can be used for only 25 USD per month. Apptus offer artificial intelligence solutions for optimizing your business. This software is trusted by Avon, Kicks, NA-KD, and Dustin.

2.  Icertis

Icertis is a contract management software with unmatched technology and category-defining innovation to push boundaries of what is possible with contract lifecycle management (CLM).

3. SAP Ariba

Source, procure and pay with SAP Ariba. This software provides cloud-based procurement and supply chain solutions for collaborative spending, finance, and sales management.

4. Coupa

Be smarter together with Coupa! This business spend management software helps maximize value in procurement, payments, supply chain, treasure, AP automation, 3rd party risk, travel & expenses, and ERP integration. Coupa is trusted by the world’s biggest names such as Unilever, Uber, P&G, AON, and AirBus.

5. 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.

6. ContractWorks

The contract management software that you need is here! ContractWorks includes features on contract repository, reporting & alerts, search & view, electronic signature, and security.

 7. CobbleStone

CobbleStone’s contract management software streamlines the entire lifecycle of contracts in legal, procurement, sales, and risk management, among other industries.

8. Agiloft

Don’t allow your contract to control you, rather keep the charge of your contract lifecycle management with Agiloft. This software is perfectly rated and can be enjoyed for as low as 65 USD per month. This software offers CLM for procurement, legal, sales, and extensible CCLM.

9. Concord

Concord is the best contract management software there is. With Concord, signing and managing contracts are a walk in the park. This one-place for all solutions has features on drafting, internal approval, external negotiation, e-signature, search & store, and deadlines & reporting.

10. Parley Pro

Close better contracts with Parley Pro today! This is a highly-rated 59 USD per month software that can perform online contract management. Parley Pro has products that can initiate, review, negotiate, approve, analyze, and manage.

FAQs

What Are the Stages of Contract Lifecycle Management?

– Planning
– Implementation
– Pre-contract
– Handover
– Contract
– Pre-renewal
– Post-contract

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. With its features and benefits, CLM software can surely help stakeholders save time and reduce errors. Choose the Best Contract Lifecycle Management Software products on the list above.


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