Top 5 contract management software

Whether you are a small business owner or a freelancer, managing your contracts is a vital part of any organization. Each step in the contract process can be time consuming and the chances of data entry errors are high.

No matter which contract management software you choose, you will benefit from efficiencies. It can help you and any team members are on the same page about any changes to the document. Most of the software platforms mentioned below can ensure that you don’t miss any contract renewals, so you don’t lose out on any revenue.

Screenshot of the Trackado dashboard

Trackado stores all of your contracts in one place, so you can access them instantly from anywhere. You are automatically notified of important tasks and dates and discover insights into the financial health of your contracts.

With automatic reminders of contract milestones and important dates and the ability to monitor activity, you can manage your contracts more efficiently. You also get complete financial transparency on contract financials, with all contract billing details in one place.

Trackado keeps your data secure and private with TSL/SSL and file encryption to ensure that what belongs to you stays the same. Since the platform is cloud-based, you can access it using a web browser from anywhere without downloading complex software.

You don’t have to worry about extensive training for yourself or any team members because the software is so easy to use. It’s free to sign up, and if you have questions, you can contact the Trackado support team.

The free option includes 1 user, 15 nodes, and 2 custom fields. If you need more, the paid options start with three users, 60 nodes, and five custom fields. If you are a freelancer, you may want to know the reasons why freelancers should create contracts for employment.

Screenshot of the PandaDoc dashboard

PandaDoc is a full service contract management platform. Negotiate, allocate and sign complex contracts electronically and stay connected to a platform that works as fast as you do.

Create templates and use pre-approved clause selections to quickly customize, create, and fill error-free contracts. PandaDoc has CRM integrations that allow you to let your chosen CRM platform do the hard work and enter customer data into your agreements.

PandaDoc allows you to make your sales process more efficient with a simple approval system, signature and request, and customizable user permissions to help keep your broadcast organized and automate tedious tasks. You may be interested in what should be included in your freelance contract if you are currently creating one.

Collaborate easily, allowing everyone to stay on the same page when contract changes happen. You can redline parts of the contract and comment on specific sections of the documents. You can also use the public chat feature to quickly collaborate or negotiate.

Other features of PandaDoc include contract renewal reminders. The platform will notify you when it is time to renew the contract, so you can avoid any problems before renewing the contract by setting up renewal notification emails.

Store and manage all of your contracts in one place with the PandaDocs document repository. Keep and organize contracts and other documents in one convenient place and take advantage of powerful search and filtering capabilities.

Screenshot of the ContractSafe dashboard

ContractSafe allows you to store and manage all of your contracts. With ContractSafe, you can quickly search for anything, including scanned documents, and stop losing contracts and folders in shared drives.

ContractSafe takes the safety of your contracts very seriously. The company’s cloud-based contract management software is SOC2 certified and stores your data in Amazon AMS ISO 27001 certified data centers with encryption to keep your documents secure.

The platform’s permission capabilities enable you to ensure that the right people can access each contract. ContractSafe ensures that you never miss any contract deadlines by providing a feature that sends you an alert when the contract deadline is approaching, so you can prepare before the renewal date.

There is a free trial, and monthly plans start at $299 per month. The basic plan includes 500 nodes, unlimited users, history reminders, attachments, archives, modification tracking, fast contract lookup speed, and bank-level OCR security. If you’re not sure where to start with contracts, you may be interested in learning how to write a freelance employment contract (using templates).

Screenshot of the ContractHound dashboard

ContractHound allows you to set reminders, so you never lose track of another contract. You can easily store and organize your arrangements, and you’ll never have to worry about finding a file again.

Like other contract management software, you can set automatic reminders to receive an email reminder when a contract is close to its expiration date. If you need to manage and sign documents, ContractHound has a contract tracking and workflow system that helps you manage your agreements. You can use its DocuSign integration to generate legally binding signatures.

ContractHound is easy to understand, so you don’t have to spend a lot of money on training. The company’s support team can help you if you have any questions. There is no fee to add additional users to the platform, and ContractHound believes that it offers its platform at a reasonable price. The company believes its software does the job without the extra bells and whistles and complex features it doesn’t need.

You can test the software for free with 10 contracts, and monthly subscriptions start at $95 per month for 50 contracts. If you are aware of investing in software, you may want to learn about the benefits of using contract management software to work remotely.

Screenshot of the Concorde dashboard

Concord makes managing and signing contracts easy. Manage the lifecycle of your contract in the platform where you can create drafts, manage approvals, allow electronic signatures, and store documents in one place.

The platform provides you with an all-in-one solution, so you don’t have to switch between programs to handle your contracts. Concord eliminates the need to work on contracts using Microsoft Word, Google Docs, Adobe Acrobat, DocuSign, or other electronic signature systems.

If you’re working with a team, you can collaborate in Concord, granting edit permissions to fellow team members or to third parties. Concord makes the approval process more efficient because it automatically routes documents to the right person based on your settings, improving speed and compliance.

Like the other contract management software mentioned in this article, Concord has features that ensure you never miss a deadline or renewal with automated email alerts. The platform also provides reports to help you proactively manage upcoming renewals and terminations.

It’s free to try Concord, and pricing starts at $17 per month. You receive an unlimited number of signatures, documents, guest collaborations, unrestricted views, and templates on this subscription level. You also receive negotiation tools, deadline reminders, group submissions, edit management, custom rules, and teams.

It’s time to get organized

Being organized is one of the essential ingredients for personal and professional success. You know what it’s like to need a document quickly and waste time searching for it. It may have cost you work in the past.

Contract management software can help you get organized, no matter the size of your business. Reviewers of each of the programs mentioned above celebrate the time they saved by using the respective program. You may want to familiarize yourself with contract proposals if you are starting a business.

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