Managing contracts smoothly to keep things running is important in today’s fast-paced business world. The increasing complexity and number of contracts can be difficult, leading to errors, delays, and legal risks.
Contract management software can help you create, track, and analyze contracts more efficiently. It can help small businesses, and even large organizations, manage their contracts more effectively. Here are 6 of the best contract management software options available in 2023:
- ContractWorks
ContractWorks is a software that helps businesses manage their contracts more efficiently. It has many helpful features that make it quick to work with contracts and approve them. This software stores all its contracts in one place, making it trouble-free to find and use. It makes reviewing and approving contracts easy and security measures that make them safe. ContractWorks offers a variety of pricing plans to fit different business needs. Some of the pricing options are listed below.
The Standard plan: The standard plan provides storage for up to 2500 documents at $700 per year.
The Professional Plan: It is designed for medium-sized businesses and is priced at $900 annually.
The Premium plan: It is best for larger businesses, and costs $2,000 per year.
Enterprise plan: The enterprise plan includes advanced features, and pricing is available upon request.
- Concord
Concord is a contract management software that allows users to sign contracts online and generate reports and dashboards. Its features make it simple for others to collaborate on contracts, track performance, and approve contracts quickly. It also automates the contract approval process. Concord has a variety of pricing plans that can fit different business needs.
Standard plan: The free plan includes many features and costs $23 per month.
Professional plan: The Professional plan is suitable for small businesses. It starts with $59 per user/month.
Enterprise plan: The Enterprise plan is suitable for larger businesses. And costs $109 per user/month.
- Agiloft
Agiloft is a cloud-based software that helps businesses manage their contracts. Its features automate contract lifecycle management, reduce risk, and improve compliance. Agiloft helps businesses keep track of their contracts and identify any problems. Agiloft is a comprehensive solution that offers a wide range of features, making it an ideal choice for businesses. They offer several pricing plans to fit the specific needs and budgets of different organizations.
Starter plan: This plan includes up to 10 users and starts at $65 per monthly user.
Professional plan: This plan includes up to 50 users and starts at $95 per monthly user.
Enterprise plan: The enterprise plan includes unlimited users and advanced features, starting at $125 per monthly user.
- DocuSign
DocuSign is a contract management software that helps businesses manage, track, and document their contracts. This software can help businesses stay organized and compliant with their contract requirements, making it easier to stay on track and minimizing potential headaches. Additionally, DocuSign can help businesses manage their contracts more effectively, reducing the time and resources needed to comply with contract requirements. DocuSign offers a range of pricing plans to meet the needs of different businesses, including:
Personal plan: The personal plan includes five documents and costs $10 per month.
Standard plan: The standard plan starts at $25 per month.
Business pro plan: The business pro plan starts at $40 per month.
Enhanced plan: The enhanced plan includes all the features and prices upon request.
- SAP Ariba
SAP Ariba is a cloud-based platform that helps businesses automate their procurement processes. It can help find and qualify suppliers, manage the entire process from start to finish, and make the procurement process more structured.
SAP Ariba helps businesses manage their finances and their contracts. It also offers supplier management tools to help businesses manage their relationships with suppliers and their payments. SAP Ariba offers a range of pricing plans to meet the needs of different businesses, including:
Starter plan: The starter plan starts at $50 per month.
Enterprise plan: The fees for SAP Ariba’s Enterprise plan vary depending on usage and location.
- PandaDoc
PandaDoc is a tool that makes creating professional documents easy. It includes templates, the ability to sign them online, tracking how recipients receive and open your documents, payment options, and working with multiple people simultaneously. PandaDoc offers a range of pricing plans to suit different business needs. Here are some of the vital pricing options:
Free plan: The free plan includes up to three documents per month.
Essential plan: This plan costs $19 per user per month.
Business plan: For larger businesses, the Business plan is the recommended choice. This plan is priced at $49 per user per month.
Conclusion
Contract management software is a necessary tool for businesses of all sizes. The above-listed tools are among the best contract management software options for 2023. Among this software, opting for the right one as per your needs is essential.
Author Bio:
Qurat-ul-Ain Ghazali, aka Annie, is the growth manager at Contractbook and looks after all the organic channels. She has been with tech startups and scaleups for a couple of years with a B2B focus. You can find her socializing, traveling, indulging in extreme sports, and enjoying the local desserts when she is not working.
