17 Best Contract Lifecycle Management Software Reviewed In 2024
Best Contract Lifecycle Management Software Shortlist
Here's my pick of the 10 best software from the 17 tools reviewed.
Our one-on-one guidance will help you find the perfect fit.
Contract lifecycle management software is essential for improving contract efficiency and ensuring regulatory compliance. However, choosing the right software can be difficult with so many options available.
Using my experience with revenue operations software, I tested and compared several of the top contract lifecycle management software available. From there, I compiled my results into detailed reviews to help you find the best software for your needs.
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Best Contract Lifecycle Management Software Summary
This comparison chart summarizes pricing details for my top contract lifecycle management software selections to help you find the best one for your budget and business needs.
| Tools | Price | |
|---|---|---|
| Juro | Pricing upon request | Website |
| ContractWorks | From $700/month (billed annually) | Website |
| Evisort | From $20/user/month | Website |
| OpenText | Pricing upon request | Website |
| Icertis | Pricing upon request | Website |
| Summize | Pricing upon request | Website |
| ContractPodAi | Pricing upon request | Website |
| LinkSquares | Pricing upon request | Website |
| Sirion | Pricing upon request | Website |
| Docusign CLM | Pricing upon request | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow to Choose Contract Lifecycle Management Software
It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:
| Factor | What to Consider |
| Scalability | Will the software grow with your business? |
| Integrations | Does it connect with your existing tools? |
| Customizability | Can you tailor it to your team’s needs? |
| Ease of Use | Is it user-friendly for your team? |
| Budget | Does it fit within your financial plan? |
| Security Safeguards | Are your data protection needs met? |
| Support | Is there reliable customer support available? |
| Compliance | Does it meet your industry regulations? |
Best Contract Lifecycle Management Software Reviews
Here are my detailed summaries of the top contract lifecycle management software on my shortlist. Each review covers key features, pros and cons, and ideal use cases to help you choose the best tool.
Juro is a contract lifecycle management platform tailored for businesses needing customizable contract solutions. It primarily supports legal teams and businesses that require flexible contract workflows and document management.
Why I picked Juro: Juro lets your team customize contracts with flexible templates and drag-and-drop editing, making it easy to adapt contracts to your needs. It offers customizable templates and dynamic fields, enabling teams to adapt contracts to specific needs swiftly while maintaining brand consistency. Additionally, Juro’s collaborative tools streamline feedback and approval processes, enhancing efficiency in contract workflows.
Standout features & integrations:
Features include an intuitive, no-code contract editor that simplifies contract creation and customization with dynamic templates and drag-and-drop fields. It also supports collaborative workflows with in-app comments, approval tracking, and e-signature integration, enhancing team efficiency.
Integrations include Salesforce, Google Drive, Slack, Microsoft Teams, Zapier, HubSpot, Greenhouse, BambooHR, Workable, and Okta.
Pros and cons
Pros:
- Real-time collaboration
- Easy drag-and-drop editing
- Flexible contract templates
Cons:
- Initial setup complexity
- Limited reporting features
ContractWorks is a CLM platform designed for businesses seeking straightforward digital contracting solutions. It serves small to mid-sized companies looking to manage their contract portfolio efficiently.
Why I picked ContractWorks: ContractWorks is known for its intuitive interface, making it easy for users to upload, organize, and manage contracts quickly without extensive training. It offers drag-and-drop functionality, customizable alerts, and straightforward search capabilities that simplify contract management. Additionally, its dashboard provides a clear overview of contract statuses, ensuring users stay on top of key dates and obligations effortlessly.
Standout features & integrations:
Features include a quick contract setup, which allows your team to start managing contracts right away, a centralized document repository to ensure all your contracts are stored in one accessible location, and an intuitive interface.
Integrations include Salesforce, Dropbox, Docusign, Adobe Sign, Microsoft Outlook, Google Drive, Box, Microsoft Word, OneDrive, and Slack.
Pros and cons
Pros:
- Quick implementation
- Minimal training required
- Centralized document storage
Cons:
- Basic reporting tools
- Limited advanced features
Evisort is a contract lifecycle management software designed for businesses that require efficient data extraction from contracts. It primarily serves legal and procurement teams by automating the extraction and analysis of contract data.
Why I picked Evisort: Evisort helps your team extract key data from contracts, making it easier to use contract information effectively. It automatically tags data and lets you customize reports to quickly find and use what you need. The search feature also makes it simple to locate specific contract details without any hassle. If you're focused on data-driven contract management, Evisort is a valuable tool.
Standout features & integrations:
Features include customizable workflows, intelligent contract search, and real-time contract analytics, allowing teams to streamline contract creation, negotiation, and compliance tracking.
Integrations include Salesforce, Microsoft Dynamics 365, Docusign, Adobe Sign, Google Workspace, Box, Dropbox, OneDrive, Slack, and SAP.
Pros and cons
Pros:
- Enhances data analysis
- Efficient search functionality
- Customizable reporting
Cons:
- Ongoing maintenance needed
- Complex initial setup
OpenText is a CLM solution aimed at enterprises needing secure document management. It primarily serves large organizations looking to manage, store, and protect contract data efficiently.
Why I picked OpenText: OpenText focuses on providing secure storage solutions, which is vital for enterprises handling sensitive contract information. It offers features such as advanced access controls and encryption to safeguard your data. Plus, the software’s document management capabilities ensure that all your contracts are organized and easily retrievable. This emphasis on security and storage makes it a reliable choice for large-scale contract management needs.
Standout features & integrations:
Features include AI-driven data insights, integrated cloud services, and advanced document automation, making it a powerful tool for handling complex enterprise information needs.
Integrations include SAP, Oracle, Salesforce, Microsoft Office 365, SharePoint, Docusign, Adobe Sign, IBM, Google Workspace, and Box.
Pros and cons
Pros:
- Secure document storage
- Scalable for large enterprises
- Efficient data retrieval
Cons:
- Requires regular updates
- High technical expertise needed
Icertis is a contract lifecycle management platform primarily designed for large enterprises to manage complex contracts across various industries. It streamlines contract management processes, ensuring compliance and efficiency for its users.
Why I picked Icertis: Icertis is great for your enterprise if you're managing a large volume of contracts. It offers contract compliance tracking, risk management tools, and a library of contract templates to help you stay organized. The software also scales with your business, adapting to your growing needs and increased demands.
Standout features & integrations:
Features include advanced analytics for insights into contract performance and integrates with major ERP and CRM systems, making it adaptable for large-scale contract management. Additionally, Icertis supports regulatory compliance and secure, centralized storage for improved contract visibility and control.
Integrations include Microsoft Azure, Salesforce, SAP Ariba, Oracle, Workday, Adobe Sign, Box, Docusign, Coupa, and IBM Watson.
Pros and cons
Pros:
- Flexible contract workflows
- Strong compliance tracking
- Extensive contract templates
Cons:
- Limited customization options
- Complex configuration process
Summize is a CLM system aimed at teams needing quick and efficient contract summaries. It helps legal and business teams streamline contract review processes by providing concise overviews.
Why I picked Summize: Summize helps your team quickly generate contract summaries, making it a perfect solution if you’re dealing with large volumes of contracts. Its automatic summary generation and keyword highlighting let you find key contract cycle details fast, while its real-time collaboration tools allow your team to work efficiently on contract documents. Overall, Summize is best suited for teams that need quick, accurate access to contract information.
Standout features & integrations:
Features include automated summary generation that quickly distills essential contract information, keyword highlighting to help your team focus on important terms and clauses, and real-time collaboration tools to facilitate teamwork on contract documents.
Integrations include Microsoft Word, Microsoft Teams, Slack, Salesforce, Google Workspace, Docusign, Adobe Sign, Box, Dropbox, and OneDrive.
Pros and cons
Pros:
- Real-time collaboration
- Efficient keyword highlighting
- Fast contract summaries
Cons:
- Initial setup complexity
- Limited customization options
ContractPodAi is a contract lifecycle management solution for businesses looking to automate their contract processes from start to finish. It serves legal teams and organizations seeking comprehensive contract management solutions.
Why I picked ContractPodAi: ContractPodAi excels in end-to-end automation by streamlining the entire contract lifecycle, from creation to execution and renewal, all within one platform. Its AI-driven workflows, document automation, and seamless integrations simplify complex processes. Additionally, ContractPodAi’s AI features enable automatic risk assessment and compliance checks, which enhance efficiency and accuracy.
Standout features & integrations:
Features include AI-powered contract lifecycle management, a centralized document repository, dynamic templates, and intelligent analytics for tracking contract performance and compliance.
Integrations include Salesforce, Microsoft Dynamics 365, Docusign, Adobe Sign, SAP, Oracle, Slack, Box, Google Drive, and Dropbox.
Pros and cons
Pros:
- Reduces manual tasks
- Strong compliance features
- Detailed reporting tools
Cons:
- Limited offline functionality
- Complex initial setup
LinkSquares is a contract lifecycle management software designed for teams seeking advanced insights into their contract data. It primarily serves legal and finance departments, enhancing contract analysis and management.
Why I picked LinkSquares: LinkSquares provides contract analysis capabilities, which leverage advanced AI to extract and analyze key data points across vast contract libraries. This enables companies to gain actionable insights, manage risks, and streamline compliance, all while providing a highly intuitive user experience. Additionally, its real-time data visualization tools support strategic decision-making by making complex contract repository data easily accessible.
Standout features & integrations:
Features include automated contract review, which helps your team quickly identify critical terms and clauses. Real-time reporting provides up-to-date insights into contract performance and risks. Customizable dashboards allow you to tailor contract data visualization to meet your specific needs.
Integrations include Salesforce, NetSuite, HubSpot, Docusign, Microsoft Word, Adobe Sign, Dropbox, Google Drive, Box, and Slack.
Pros and cons
Pros:
- Quick risk identification
- Customizable dashboards
- Automated contract review
Cons:
- Requires data cleanup
- Initial setup complexity
Sirion is a contract lifecycle management software designed for organizations looking to enhance their supplier management processes. It primarily serves procurement and legal teams aiming to optimize supplier relationships and contract performance.
Why I picked Sirion: Sirion helps your team manage suppliers with tools that improve oversight and collaboration. You can track supplier performance to ensure they meet new contract terms, and automated alerts keep you on top of key milestones and deadlines. The platform also integrates supplier data with contract information, making it especially useful for your procurement team.
Standout features & integrations:
Features include automated contract creation, real-time performance monitoring, and compliance tracking. It also offers advanced analytics to manage risks, track obligations, and ensure contract alignment with business goals.
Integrations include SAP Ariba, Oracle, Microsoft Dynamics 365, Salesforce, Coupa, Workday, Adobe Sign, Docusign, Box, and Slack.
Pros and cons
Pros:
- Detailed performance tracking
- Integrated data access
- Automated alerts
Cons:
- Limited offline capabilities
- Requires ongoing training
Docusign CLM is a contract lifecycle management tool primarily used by legal teams to automate contract workflows and ensure compliance. It supports contract creation, negotiation, and management, providing significant value by reducing manual processes.
Why I picked Docusign CLM: Docusign CLM helps your team manage complex contracts with automated workflows, audit trails, and customizable templates to ensure compliance. Its in-depth reporting and analytics give you the insights needed for legal oversight and decision-making. Additionally, its strong integration capabilities and advanced security features make it easy to manage legal documents efficiently, ensuring that contracts are accurate and legally sound while remaining secure and accessible.
Standout features & integrations:
Features include advanced document generation, clause libraries, and version control, allowing teams to maintain consistency and compliance across contracts.
Integrations include Salesforce, Microsoft Dynamics 365, SAP, Oracle, Google Workspace, Box, Dropbox, Workday, NetSuite, and Slack.
Pros and cons
Pros:
- Comprehensive reporting
- Detailed audit trails
- Customizable workflows
Cons:
- Limited mobile functionality
- Steep learning curve
Other Contract Lifecycle Management Software
Here are some additional contract lifecycle management software options that didn’t make it onto my shortlist, but are still worth checking out:
- LawVu
Best for legal operations
- Ironclad
Best for contract collaboration
- Freshservice
Best for IT contract management
- Gatekeeper
Best for vendor management
- Agiloft
Best for no-code customization
- CobbleStone
Best for public sector use
- Conga
Best for automated workflows
Contract Lifecycle Management Software Selection Criteria
When selecting the best contract lifecycle management software to include in this list, I considered common buyer needs and pain points like ensuring compliance and improving contract visibility. I also used the following framework to keep my evaluation structured and fair:
Core Functionality (25% of total score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:
- Contract creation
- Value and negotiation processes
- Approval workflows
- Additional storage
- Compliance tracking
Additional Standout Features (25% of total score)
To help further narrow down the competition, I also looked for unique features, such as:
- AI-driven analytics
- Customizable dashboards
- Automated reminders
- Integration with ERP systems
- Advanced reporting capabilities
Usability (10% of total score)
To get a sense of the usability of each system, I considered the following:
- Intuitive interface design
- Clear navigation paths
- Minimal learning curve
- Accessible help resources
- Mobile accessibility
Onboarding (10% of total score)
To evaluate the onboarding experience for each platform, I considered the following:
- Availability of training videos
- Interactive product tours
- Step-by-step guides
- Live webinars
- Access to support chatbots
Customer Support (10% of total score)
To assess each software provider’s customer support services, I considered the following:
- 24/7 support availability
- Response time to inquiries
- Access to a dedicated account manager
- Availability of a knowledge base
- Multi-channel support options
Value For Money (10% of total score)
To evaluate the value for money of each platform, I considered the following:
- Pricing transparency
- Tiered pricing options
- Features offered at each price point
- Comparison with competitors
- Discounts or promotions available
Customer Reviews (10% of total score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:
- User satisfaction scores
- Feedback on customer support
- Comments on software reliability
- Insights on ease of use
- Evaluation of feature effectiveness
Trends in Contract Lifecycle Management Software
In my research, I sourced countless product updates, press releases, and release logs from different contract lifecycle management software vendors. Here are some of the emerging trends I’m keeping an eye on:
- AI-Enhanced Analytics: AI is being used to analyze contract data more effectively, providing insights that help businesses make better decisions. Vendors are incorporating AI to predict contract risks and opportunities, making this technology a game-changer for legal and procurement teams.
- Blockchain for Contract Security: Some vendors are beginning to use blockchain to enhance contract security and integrity. Blockchain ensures that contract records are tamper-proof, which is important for industries handling sensitive data and requiring high compliance.
- Collaborative Platforms: Increasingly, software is being designed to facilitate better collaboration among teams. Features that support simultaneous document editing and real-time communication are becoming standard, helping teams work together more efficiently across departments.
- Data-Driven Decision-Making: More tools are providing advanced reporting and analytics features that allow businesses to use data to drive decisions. This trend is making it easier for companies to understand contract performance and compliance, thus optimizing their strategies.
- Sustainability Tracking: Some platforms now include features that help businesses track the sustainability of their contracts. This trend is driven by the increasing demand for transparency and accountability in business practices, especially in industries like manufacturing and energy.
What Is Contract Lifecycle Management Software?
Contract lifecycle management software is a tool designed to help teams manage contracts from creation to renewal. It’s often used by legal, procurement, and sales teams to reduce risk, ensure compliance, and boost efficiency.
Features like contract creation, negotiation workflows, and compliance tracking help streamline contract management. These tools enhance efficiency and transparency in contract processes.
Features of Contract Lifecycle Management Software
When selecting contract lifecycle management software, keep an eye out for the following key features:
- Contract Creation: Automates the drafting process, saving time and reducing errors.
- Negotiation Workflows: Streamlines the negotiation phase, ensuring all parties are aligned and informed.
- Compliance Tracking: Monitors compliance with contract terms to mitigate risk and avoid penalties.
- Document Storage: Provides a central repository for storing and retrieving contract documents securely.
- Collaborative Editing: Allows multiple users to work on contract documents simultaneously, enhancing teamwork.
- Automated Reminders: Sends alerts for key dates and deadlines, ensuring timely renewals and actions.
- Data Analytics: Offers insights into contract performance and trends, aiding in strategic decision-making.
- Customizable Templates: Enables users to create contracts tailored to specific business needs.
- Risk Management: Identifies and assesses potential risks in contracts, helping to safeguard interests.
- Audit Trails: Maintains a detailed history of all contract changes and actions for accountability.
Benefits of Contract Lifecycle Management Software
Implementing contract lifecycle management software provides several benefits for your team and your business. Here are a few you can look forward to:
- Time Savings: Automating contract creation and approvals reduces manual work and speeds up processes.
- Improved Compliance: Compliance tracking helps ensure contracts meet all necessary legal standards, reducing risk.
- Enhanced Collaboration: Features like collaborative editing allow your team to work together more effectively on contract documents.
- Risk Reduction: Risk management tools help identify potential issues early, safeguarding your business interests.
- Better Decision-Making: Data analytics offer insights into contract performance, helping you make informed strategic decisions.
- Cost Efficiency: Automated reminders and efficient document storage minimize the chances of missed deadlines and lost contracts.
Costs and Pricing of Contract Lifecycle Management Software
Selecting contract lifecycle management software requires an understanding of the various pricing models and plans available. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in contract lifecycle management software solutions:
Plan Comparison Table for Contract Lifecycle Management Software
| Plan Type | Average Price | Common Features |
| Free Plan | $0 | Basic contract storage, limited templates, and email support |
| Personal Plan | $10-$30/ user/month | Contact creation, standard templates, and basic reporting |
| Business Plan | $40-$70/ user/month | Advanced workflows, compliance tracking, and collaborative editing |
| Enterprise Plan | $100-$200/ user/month | Customizable templates, AI-driven analytics, and dedicated customer support |
Contract Lifecycle Management Software FAQs
Here are some answers to common questions about contract lifecycle management software:
What is the difference between contract management and contract lifestyle management?
Contract management typically refers to the basic handling of contracts, such as storage and retrieval. CLM, or contract lifecycle management, encompasses the entire process from creation to renewal. CLM software offers automated workflows and advanced analytics to streamline contract processes, reducing manual effort and improving efficiency.
How do you manage contract lifecycle?
Managing the contract lifecycle involves several stages, including creation, negotiation, approval, and renewal. Contract lifestyle management software helps automate these stages, ensuring smooth transitions between each phase. It provides tools for tracking compliance and performance, helping your team make informed decisions.
How does contract lifestyle management software improve contract negotiation?
Contract lifestyle management software improves contract negotiation by offering features like collaborative editing and automated workflows. These tools allow your team to negotiate terms in real-time, ensuring that everyone stays aligned. The software also tracks changes, making it easy to review and approve negotiated terms.
How can contract lifestyle management software help with risk management?
Contract lifestyle management software aids in risk management by identifying potential risks in contracts early on. It offers tools for monitoring compliance and performance, reducing the likelihood of breaches. Automating alerts and providing insights through analytics, it helps your team address risks proactively.
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