10 Best Contract Management Software in 2024

Introduction

Managing contracts effectively is critical for businesses to ensure compliance, reduce risks, and optimize workflows. Contract management software simplifies this process by providing centralized tools for drafting, organizing, and tracking agreements. In this post, we’ll explore the 10 best contract management software platforms in 2024, each tailored to meet specific business needs, and share insights into when to use them.

If you’re looking for a customizable solution, check out the Tadabase Contract Management Template.

When to Use Contract Management Software

Contract management software becomes a necessity when:

1. You’re Managing a High Volume of Contracts
   Tracking renewals, deadlines, and compliance for dozens—or even hundreds—of contracts manually can lead to errors.

2. You Need to Improve Collaboration
   Teams working on contracts often struggle with version control and miscommunication. Software centralizes the process, ensuring everyone is on the same page.

3. Deadlines and Milestones are Being Missed
   Missed renewal or termination dates can result in financial penalties or missed opportunities. Automated reminders keep you informed.

4. You Require Custom Workflows
   Businesses with unique processes need customizable tools to ensure their contract workflows align with their operations.

5. Compliance and Risk Mitigation are Critical
   Industries like finance, healthcare, and legal require strict compliance. Contract management software helps enforce regulatory standards and reduces legal risks.

At Tadabase, we’ve seen firsthand how customizable contract management tools help businesses save time and stay organized. With our no-code platform, companies across industries have tailored their contract workflows to meet their exact needs.

1. Tadabase

Tadabase offers a powerful, no-code contract management solution that’s fully customizable to suit any organization’s needs. From automated workflows to secure data storage and analytics, Tadabase enables businesses to design a system tailored to their unique requirements.

• Key Features:
  • Custom workflows and templates
  • Automated approval processes
  • Real-time collaboration and role-based permissions
  • Integration with other business tools

Learn more about Tadabase’s Contract Management Template.

2. DocuSign CLM

Known for its e-signature solutions, DocuSign also provides Contract Lifecycle Management (CLM) software for handling contracts at every stage.

• Key Features:
  • Seamless integration with DocuSign eSignature
  • AI-driven contract analytics
  • Pre-built templates for faster drafting
• Best For: Businesses already using DocuSign eSignature.

3. PandaDoc

PandaDoc is ideal for small to medium-sized businesses looking for an affordable yet robust platform for contract creation and management.

• Key Features:
  • Drag-and-drop editor for easy document creation
  • Built-in eSignature functionality
  • Payment integration for faster invoicing
• Best For: SMBs that need an affordable, all-in-one solution.

4. ContractWorks

ContractWorks is designed for businesses that prioritize simplicity and quick implementation. It’s known for its intuitive interface and ease of use.

• Key Features:
  • Customizable alerts and reminders
  • Secure storage with advanced search features
  • Visual reporting and analytics
• Best For: Companies looking for ease of use and rapid implementation.

5. Concord

Concord offers a collaborative platform for managing contracts, making it an excellent choice for remote teams and businesses emphasizing real-time communication.

• Key Features:
  • Unlimited document storage
  • Collaborative editing tools
  • Integration with Google Drive and Salesforce
• Best For: Teams needing collaborative tools.

6. Agiloft

Agiloft provides a highly customizable platform for contract lifecycle management, making it ideal for enterprises with complex requirements.

• Key Features:
  • AI-powered contract management tools
  • Flexible configuration options
  • Advanced reporting and analytics
• Best For: Enterprises needing deep customization and scalability.

7. Icertis Contract Intelligence

Icertis focuses on enterprise-level contract management, offering AI-driven tools for deep insights and compliance tracking.

• Key Features:
  • Intelligent risk assessment
  • Smart contract clauses and templates
  • Comprehensive audit trails
• Best For: Enterprise businesses with large-scale contract needs.

8. Conga Contracts

Conga provides end-to-end contract management solutions integrated with Salesforce, catering to businesses already using CRM platforms.

• Key Features:
  • Integration with Salesforce and Microsoft Office
  • Advanced reporting capabilities
  • Customizable contract templates
• Best For: Organizations using Salesforce as their CRM.

9. Gatekeeper

Gatekeeper is designed to streamline supplier and contract management, providing tools to manage vendor relationships alongside contract workflows.

• Key Features:
  • AI-driven vendor insights
  • Milestone and renewal tracking
  • Secure document storage
• Best For: Teams that need to manage contracts alongside supplier relationships.

10. Zoho Contracts

Zoho Contracts integrates seamlessly with the Zoho suite of products, making it a cost-effective option for small and medium-sized businesses.

• Key Features:
  • Smart contract templates
  • Automated reminders for key dates
  • Integration with other Zoho apps
• Best For: Small businesses already using the Zoho ecosystem.

Why We Built Tadabase for Contract Management

At Tadabase, we saw businesses struggling to adapt off-the-shelf software to their unique processes. That’s why we built a no-code platform that allows users to customize their contract management system to match their workflows perfectly.

With Tadabase, you don’t have to compromise on features or force your business to fit a rigid framework. Instead, you can:

• Design your own workflows: Whether it’s multi-step approvals, specific data visualizations, or custom reports, you’re in control.
• Enhance collaboration: Share contracts securely with internal and external stakeholders while maintaining full control over permissions.
• Stay ahead of deadlines: Automated notifications and reminders ensure nothing slips through the cracks.

Conclusion

When selecting the best contract management software for your business, consider factors like your company’s size, budget, and specific needs. Platforms like Tadabase stand out for their flexibility, allowing users to design workflows that fit their unique processes.

Whether you’re managing dozens or thousands of contracts, these tools will help you streamline operations, reduce risks, and improve compliance in 2024.

Frequently Asked Questions

1. What is contract management software?
Contract management software is a tool that helps businesses create, store, organize, and manage contracts throughout their lifecycle. It streamlines processes such as drafting, approval, signing, and renewal by automating repetitive tasks, ensuring compliance, and centralizing data for easy access.

2. Who should use contract management software?
Contract management software is ideal for:

• Small businesses looking to organize contracts without needing extensive IT infrastructure.
• Medium-sized businesses that want to streamline contract workflows and ensure deadlines are met.
• Large enterprises managing hundreds or thousands of contracts across departments or regions.
  Industries like legal, healthcare, finance, construction, and IT services particularly benefit from these tools.

3. How does contract management software save time?
It automates repetitive processes such as approvals, deadline tracking, and reminders. It also simplifies document searches with advanced filters and centralized storage, eliminating the need to sift through physical or scattered digital files.

4. What types of contracts can this software manage?
Contract management software can handle various types of contracts, including:

• Employment agreements
• Vendor and supplier contracts
• Non-disclosure agreements (NDAs)
• Service-level agreements (SLAs)
• Lease agreements
• Sales contracts

5. Do I need technical expertise to use contract management software?
No. Many solutions, such as Tadabase’s Contract Management Template, are user-friendly and built for non-technical users. They often feature drag-and-drop interfaces and guided workflows, making them accessible to all teams.

6. What are the key features to look for in contract management software?
Key features to prioritize include:

• Custom workflows: Tailored processes for drafting, approval, and signing.
• Deadline tracking: Alerts for renewals, expirations, or milestones.
• Secure storage: Centralized, encrypted storage for easy access.
• Analytics and reporting: Insights into contract performance and trends.
• Collaboration tools: Real-time document sharing and editing.

7. Can contract management software integrate with other tools?
Yes, most platforms integrate with popular tools like CRM software (Salesforce), document storage (Google Drive), e-signature platforms (DocuSign, Adobe Sign), and accounting tools (QuickBooks).

8. How secure is contract management software?
Top-tier solutions provide robust security features, including:

• Data encryption (at rest and in transit)
• Role-based access controls
• Secure audit trails
• Compliance with GDPR, HIPAA, or other regulatory standards

9. Can I use this software for contract renewal management?
Absolutely. Contract management software includes automated alerts and workflows to manage renewals effectively. This ensures you never miss a deadline and have ample time for renegotiations or terminations.

10. How does contract management software handle e-signatures?
Most platforms either have built-in e-signature functionality or integrate with third-party tools like DocuSign or Adobe Sign. This allows users to sign contracts digitally, saving time and ensuring secure execution.

11. How do I choose the right contract management software for my business?
Consider the following factors:

• Your business size and industry: Match software capabilities to your contract volume and complexity.
• Budget: Evaluate subscription costs or one-time fees.
• Key features: Ensure the platform aligns with your workflow needs, such as automation, collaboration, and analytics.
• Scalability: Opt for software that can grow with your business.

12. Can this software help improve compliance?
Yes. Contract management software tracks regulatory requirements and ensures your contracts meet legal and industry-specific standards. Features like clause libraries, audit trails, and risk assessment tools are especially helpful.

13. Is this software helpful for startups?
Yes, startups benefit significantly from contract management software. It keeps their agreements organized, ensures compliance, and frees up time for focusing on growth by automating administrative tasks.

14. How do I transition from manual contract management to software?
The transition typically involves:

• Migrating existing contracts to the platform (bulk upload options help).
• Setting up workflows and templates.
• Training your team on the software’s functionalities.
• Configuring integrations with existing tools like email, CRM, or document storage systems.

15. How much does contract management software cost?
Costs vary based on features, scale, and deployment type. Pricing models include:

• Monthly subscriptions: Starting as low as $10/user/month for basic plans.
• Enterprise pricing: Customized based on the number of users and features.

16. Can I customize contract workflows in the software?
Yes, platforms like Tadabase allow full customization of workflows to align with your unique processes.

17. Does contract management software offer mobile access?
Many platforms include mobile apps or responsive web versions, enabling on-the-go access to contracts and notifications.

18. How do I measure ROI on contract management software?
ROI can be measured through:

• Time saved on administrative tasks
• Reduction in missed deadlines or penalties
• Improved collaboration and productivity
• Better compliance and risk mitigation

19. What is the implementation time for contract management software?
Implementation time depends on the platform’s complexity and your business size. No-code solutions like Tadabase can be set up within hours, while enterprise-grade systems may take weeks.

20. Can I get a free trial before purchasing?
Many providers, including Tadabase, offer free trials or demos to let you test the platform’s features and usability.