We Tested the Top 15 Enterprise Contract Management Software Solutions

Helpful Summary

• Overview: We reviewed the top 15 enterprise contract management software (ECM) solutions, detailing their features, benefits, and ideal use cases.
• Why Listen To Us: At SignWell, our extensive experience in contract management has helped countless businesses optimize their document workflows. Our insights into various ECM tools are based on first-hand usage and industry expertise.
• Why It Matters: Efficient contract management is crucial for operational efficiency and legal compliance. ECM software automates repetitive tasks, reduces risks, and provides real-time insights, ultimately boosting productivity and profitability.
• Action Points: Assess your specific contract management needs and compare the features of the reviewed software. Consider factors like ease of use, integration capabilities, and security compliance.
• Further Research: Explore user reviews and expert analyses to identify the ECM tool that best aligns with your business requirements and budget.

Looking for the Best ECM Tools?

Efficient contract management is essential for streamlined operations and legal compliance maintenance. And that’s exactly why enterprise contract management (ECM) software is so important.

ECM software simplifies end-to-end contract management and can save businesses up to 9% in annual profits. Business owners are keen to learn the benefits of investing in an ECM tool and which platforms are worth considering. So, in this SignWell guide, we’ll be sharing our experiences with these tools and giving you our top 15 recommendations.

Let’s dive in.

Why Listen To Us?

At SignWell, we understand the importance of efficient contract management.

Our secure, compliant e-signature solution has empowered countless businesses to streamline their document workflows and enhance compliance. Our intuitive API and user-friendly features ensure a seamless e-signing experience tailored to integrate smoothly with your existing systems.

By addressing these challenges, our users enjoy simplified contract processes, reduced administrative burdens, and enhanced operational efficiency. Choose SignWell to transform your contract management and achieve a more productive, compliant, and hassle-free document handling experience.

What Is Enterprise Contract Management Software?

Enterprise contract management (ECM) software is a type of software designed to simplify the process of contract or document creation, management, and optimization. ECM platforms streamline the process by automating manual tasks like:

• Document searching
• Tracking deadlines
• Collecting signatures
• Creating document workflows
• Sending notifications
• Storing documents

This technology also enables users to manage contracts from multiple locations using one unified dashboard.

Why Is Enterprise Contract Management Software Important?

Simplifies Contract Creation and Approvals

ECM software can standardize and automate internal and external contracts. Contract creation and approval times are sped up through pre-built templates, pre-filled clause libraries, and the ability to automate document workflow activities. Mistakes are reduced, and accuracy is sustained across all contracts.

Easier Contract Access and More Information Transparency

It acts as a secure repository by storing all contract information centrally. Using real-time insights, authorized stakeholders can quickly retrieve contracts for review, track contract performance, and drive business decisions.

Minimizes Financial and Legal Risks

ECM software helps mitigate risks and financial loss by supporting businesses in adhering to  legal and regulatory laws with features like:

• contract templates with pre-established terms
• automated reminders of important dates, including expirations and milestones. 

The workflow management functionality also contributes to mitigating risk with audit trails of all contract activities, like signed dates and document changes to prove compliance.

Enhances Contract Performance Renewals

It helps businesses keep up with the contract process and monitor payment dates and deliverables. Some ECM software provides advanced analytics and reporting to spot and address bottlenecks quickly. 

Helps Increase Revenue Through More Productivity

ECM software saves time by automating repetitive tasks like document creation, version control, and signature collection. 

Some include features to help with contract language by highlighting important clauses or having a clause library to store reusable clauses centrally. This support helps businesses save money by avoiding expensive fines or legal fees due to inaccurate or incomplete contract terms and conditions.

Criteria to Consider when Choosing the Right Enterprise Contract Management Software

• Ease of use: Finding a system that can be used without hand-holding is a priority. Consider the different types of people accessing it and whether your internal and external stakeholders can use it intuitively to move through the process.
• Collaborative features: Good collaborative features that make it easy to work together on contracts will help keep everyone in accordance.
• Cross compatibility: Ensure the tool supports popular file types and different platforms and devices so users don’t experience rendering issues or problems accessing files. 
• API: Most good ECM software has an API solution so businesses can access its functionality from their application, most notably for e-signing and workflow automation. API integration is handy for gathering your e-signatures, for instance, from where you need to.
• Security and compliance: Consider ECM platforms with best practices security like AES-256 encryption to prevent security breaches and risks. Also consider compliance requirements like SOC 2 Type 2, HIPAA, GDPR, etc. Compliance is important to meet industry requirements and avoid costly fines.
• Scalability: Don’t just think about your needs now—look for an ECM system that can keep up with increasing storage and user demands.

15 Best Enterprise Contract Management Software

1. SignWell: Best for secure, compliant e-signatures with an intuitive API.
2. Ironclad: Best for AI contract management.
3. Concord: Best for internal and external collaboration.
4. PandaDoc: Best for proposal and quote creation.
5. DealHub: Best for a streamlined quote-to-revenue process.
6. Conga: Best for delivering predictable revenue.
7. ContractSafe: Best for intuitive contract search.
8. DocuSign CLM: Best for ID verification.
9. Trackado: Best for tracking contract financial health.
10. LinkSquares: Best for legal document analytics.
11. Agiloft: Best for customizable contract lifecycle management.
12. Updraft: Best for automated contract drafting.
13. Juro: Best for end-to-end contract workflow automation.
14. ContractWorks: Best for simple and secure contract storage.
15. CobbleStone: Best for comprehensive contract lifecycle management.

1. SignWell

Best for secure, compliant e-signatures with an intuitive API.

SignWell is an enterprise-ready e-signature platform with time-saving features designed to make document management and contracting easier.

SignWell’s intuitive API makes it easy to integrate with existing systems and processes, ensuring a streamlined e-signing experience every time. Plus, features like document workflows and notifications make sure documents are always properly routed, tracked, and archived for future reference.

Relevant Features

• E-signature API: SignWell’s API can be added to your product or service to automate e-signing and contract lifecycle workflows.
• Document Signing: Collect all your U.S. and internationally admissible e-signatures in just a few clicks. We’ll securely archive your documents, making them only accessible via unique encrypted links created by us.

• Document Workflows: Monitor and push forward outstanding unsigned documents and define signing orders to quickly move finalized contracts through the pipeline.

• Audit Reports: Track all document activity and access the complete contract lifecycle history with our audit reports. Find out when documents were viewed, by whom, and time stamps and other information that surpassed U.S. e-signature international law requirements.

• Custom Templates: Compile contract templates from any document from your desktop or phone for more CLM efficiency. Recipients receive a guided experience to walk them through the process.

• Easy Integration: For SignWell functionality for embedded signature requests. In addition, we integrate flawlessly with over 5,000 popular apps, including Gmail, Dropbox, and Slack. 

Pricing

At SignWell, we offer three basic plans (Free, Personal for $8/month, and Business for $24/month) as well as a customizable Enterprise plan that includes important features like high-volume API access, unlimited senders and documents, in-person signing support, and priority customer service.

Our API plan includes a free developer account for unlimited test usage.

Pros

• Branded signing experience adapted to how people use it
• High-volume API access available
• Bulk actions
• Dedicated customer support
• SOC 2 Type 2 compliance
• Fully-featured API

Cons

• Restricted free usage with a free developer account

2. Ironclad

Best for AI contract management.

Ironclad is an AI-powered contract management solution. Built by legal professionals, it’s designed to provide sequential contract management for all business departments.

Relevant Features

• Contract Creation: Design contracts and centralize contract processes such as intake and review. Use Playbooks to set and enforce contract guidelines.
• Collaboration & Negotiation: This feature enhances collaboration and negotiation using Word or PDF to draft, edit, and redline documents.
• Analytics & Reporting: Track contracts by stage, type, negotiation rate, and more through customized dashboards.

Pricing

Contact sales for accurate pricing info.

Pros

• Integrations, including Salesforce, Slack, and Dropbox Sign
• Excellent customer service

Cons

• No pricing information is available on their website
• Limited customization options

3. Concord

Best for internal and external collaboration.

Concord focuses on supporting easy collaboration among internal and external stakeholders.  Some of its standout features include a clause library for pre-approved clauses and conditional approval workflows for every contract to be accessible by authorized people only.

Relevant Features

• Collaboration: Edit, redline, comment, and speak directly to all parties, from team members to vendors.
• Automatic Approvals: Route documents to the right people and improve compliance with automated contract approval workflows.
• Deadlines: Receive automated alerts and reporting to oversee contractual deadlines like upcoming terminations and renewals proactively.

Pricing

Concord offers three paid plans: Essentials at $49 per user per month, Business at $79 per user per month, and Enterprise. The Enterprise plan has no pricing available, so you will have to talk to their sales team. But, unlike the other plans, it includes a clause library, custom branding, and Single Sign-On (SSO).

Pros

• Fast onboarding
• Document linking for amendment management
• Clause library

Cons

• The quick contract sign-off feature is not as intuitive using a mobile device as it is using a desktop
• Formatting can be challenging

4. PandaDoc

Best for proposal and quote creation.

PandaDoc supports over 50,000 customers with a centralized workflow platform to minimize errors and boost productivity. They achieve this through their proposal and quote software for faster proposal creation and product catalog integration for quotes.

Relevant Features

• Proposal Software: Increase closure rates with professional client-facing proposals.
• Template Library: PandaDoc’s template library offers 1000+ template designs to help get contracts, proposals, and invoices sent quicker for e-signing.
• Payment Solution: Use your contract to collect credit card, PayPal, and ACH payments to reduce average payment time.  

Pricing

PandaDoc has two basic paid plans and a custom Enterprise plan. Some of the standout features included in the Enterprise plan include advanced quotes, unlimited team workspaces, and user performance and content reporting.

Pros 

• 24/7 chat support
• Drag-and-drop editor
• Advanced quotes available on the Enterprise plan

Cons

• Limited ability to save repetitive texts and phrases for reuse

5. DealHub

Best for a streamlined quote-to-revenue process.

DealHub is a leading CPQ platform for automated quotations. Their offerings are designed to help businesses close deals faster using one automated workflow. 

Relevant Features

• Streamline Contract Creation: DealHub simplifies the generation of agreements, quotes, and other documents in different formats.  Change terms easily and use pre-approved templates to help reduce errors.
• Streamline Revisions: With redlining, customers can revise issues, provide feedback, and directly access contract records from your CRM.
• Contract Insights: Monitor contract views and edits and learn about customer engagement with real-time edits.

Pricing

Contact sales for accurate pricing info.

Pros

• Multi-team collaboration
• Popular CRM integration options
• Easy setup

Cons

• Users may experience a slight learning curve

6. Conga

Best for delivering predictable revenue.

Conga is focused on processes, teams, and technology alignment for predictable revenue. Their CLM products are designed to increase the contract value through efficiency and strategic insights.

Relevant Features

• Conga CLM: Their product supports complicated enterprise-wide CLM and helps mitigate risk and reduce cross-team friction.
• Conga Contracts: These contracts work with any CRM for legal and procurement departments. For an automated and standardized CLM with lower risk and more compliance.
• Conga Contract Intelligence: Get complete contract visibility to track and manage commitments and opportunities.

Pricing

Contact sales for accurate pricing info.

Pros

• Clause library and saved fields
• Contract milestone reminders and alerts
• Interdepartmental workflows

Cons

• Some customers complain of issues not being resolved promptly

7. ContractSafe

Best for intuitive contract search.

ContractSafe is for easy-to-use, manage, and affordable contract management. They offer features to address businesses’ most significant CLM pain points. Difficulty finding contracts is a common issue. So their intuitive search and reporting feature will address this with a Google-like keyword search feature.

Relevant Features

• Contract Alerts: Configure deadline reminders to be notified via email 30 days before expiry or on a specific date. And automate reminders to different recipients.
• Sharing & Roles: Maximize security by granting specific access.
• Contract Security: ContractSafe is built on Amazon Web Services (AWS) and offers encryption malware and virus detection.

Pricing

ContractSafe has three paid plans—Organize ($375/month, prepaid annually), Finalize ($579/month, prepaid annually), and Maximize ($746/month, prepaid annually). The Maximize plan includes important features not found in the other plans, like APIs, Salesforce integration, and IP whitelisting.

Pros

• Transparent pricing
• AI tool to reduce manual data entry
• Dedicated customer success manager (available on all platforms)

Cons

• Helpful CLM workflow features are charged separately

8. Docusign CLM

Best for ID verification.

Docusign is the industry’s largest identity verification network. Their e-signature product offers advanced ID verification capabilities for most documents, including AI-enabled biometric liveness detection and knowledge-based authentication.

Relevant Features

• Document ID & eID Verification: This type verifies identity based on government-issued photo ID liveness checks or electronic IDs.
• Contract Workflow Automation: Use a drag-and-drop editor to design your contract processes. And access over 100 pre-configured workflow steps to review, approve, send a signature request, and more.
• Identify Opportunities, Risks & Trends: Docusign offers AI and analytics to make it quicker to find contracts. Report on key contract data points and surface insights to help reduce procurement costs and close deals faster.

Pricing

Docusign probably has one of the most comprehensive pricing plans among the other tools on this list. It has different pricing plans for eSignature, eSignature real estate, and developer API. 

Its scalable Enhanced Plans are for a customized plan to fit your business requirements. Some feature benefits you can get on the Enhanced Plan include Single sign-on (SSO), enhanced signer verification, and regulatory compliance.

Pros

• Multiple language signing
• Locked templates
• 400+ app integration options

Cons

• Unsatisfactory customer service

9. Trackado

Best for tracking contract financial health.

Trackado supports business in CLM efficiency with a contract repository that lets you view and maintain financial terms and understand the revenue potential for every contract. Their dashboard and reports offer the latest contract additions and comprehensive insights into costs and revenue over a period.

Relevant Features

• Contract Repository: The repository offers a complete overview of contracts organization-wide for easy CLM. Contracts can be retrieved quickly and searched by department, business partner, or your custom properties.
• Workflows: Move contracts quicker through the cycle by starting a workflow from scratch or using a predefined template.
• Reporting & Dashboards: See all relevant contract data at a glance, including impending activities and notifications and contract portfolio insights.

Pricing

Trackado’s Enterprise plan ($299/month) supports 25 users, unlimited contracts, custom fields, and workflow templates. For additional users, you’ll pay $10 per month.

All plans include unlimited reminders, secured and backed-up data, and support, they can be canceled anytime, and you can take advantage of their 30-day free trial.

Pros

• Affordable price plans
• Unlimited business partners
• Easy to use

Cons

• The repository search experience could use a little work

10. LinkSquares

Best for legal document analytics.

LinkSquares is at the forefront of AI-powered contracts and legal document analytics. Their end-to-end CLM platform is built for today’s Legal terms using AI. Some of their stand-out features include full contract text search, version control, and automatic extraction of critical clauses, terms, and contract dates.

Relevant Features

• Finalize: LinkSquares integrates well with your current stack to expedite your contract creation process. Their AI-powered contract review feature gets agreements processed quicker, with third-party reviewing to highlight important clauses.
• Sign: All signed agreements and signature certificates are moved automatically to your repository for central secured storage with granular permissions.
• Analyze: The product gives you visibility into active terms. You can make business decisions quicker and be confident knowing you have the latest language. Save and re-use preferred clauses from your executed contracts to the Clause Library.

Pricing

Contact sales for accurate pricing info.

Pros

• Al-powered assistance with reviewing the finer details of contracts
• Great customer and client support teams
• Powerful integrations

Cons

• No pricing information is available online

11. Agiloft

Best for customizable contract lifecycle management.

Agiloft is among the best contract management software as it features a highly customizable yet still easy-to-use interface backed by more in-depth capabilities that make this solution usable by businesses of all kinds, from legal firms to car dealerships.

Relevant Features

• Centralized Repository: Offers organization-wide visibility and quick retrieval of contracts with advanced search capabilities.
• Custom Workflows: Streamline contract processes with customizable workflows from scratch or using predefined templates.
• Comprehensive Reporting: Provides dashboards with insights into contract data, impending activities, and notifications for enhanced strategic decision-making.

Pricing

There are no rates listed on Agiloft’s website, but they show their plans—Essentials, Advanced, and Premium. You will have to request a quote to know their prices. The Premium plan is perfect for optimizing your contracts and maximizing your ROI. 

Pros

• Customizable
• Scalable
• Integrates with other systems

Cons

• High initial cost

12. Updraft

Best for automated contract drafting.

Updraft is another contract management tool with several impressive features. It distinguishes itself from others as it uses a natural language, questionnaire-based approach to creating contracts. 

Relevant Features

• Contract Drafting & Management: Quickly draft compliant contracts using configurable forms, and manage all contracts centrally.
• MatterMap: Create complex contract workflows that respond to new developments thanks to integrated business data analytics.
• UpSign: Collect legally binding signatures and build e-signing into your custom approval workflows.

Pricing

Fill out the form on their official website to get a quote tailored to your specific business needs.

Pros

• Highly customizable 
• Adapts workflows based on incoming data
• Very efficient

Cons

• Outdated design
• Requires guided setup

13. Juro

Best for end-to-end contract workflow automation.

Juro‘s contract management software can empower every team to create, agree on, execute, and manage contracts up to 10 times faster than traditional tools. It is also one of the few platforms specifically designed to work for both legal and business teams. That means quicker contracting cycles and lower business risks.

Relevant Features

• Contract Automation: Juro facilitates the automation of contract creation, negotiation, and signing processes, streamlining workflow efficiency and reducing manual errors.
• Collaboration Tools: The platform offers collaborative features, allowing multiple stakeholders to review and comment on contracts simultaneously, fostering effective communication and faster decision-making.
• Integration Capabilities: Juro integrates with various business tools such as CRM systems and project management platforms, ensuring seamless incorporation into existing workflows.

Pricing

Fill out the form on Juro’s website to get a quote tailored to your specific business needs.

Pros

• User-friendly interface
• Intuitive contract creation process
• Native e-signature integration for efficient contract execution

Cons

• May require a learning curve for users unfamiliar with contract management software

14. ContractWorks

Best for simple and secure contract storage.

Businesses that are looking for efficient contract drafting features and simple, secure storage should definitely check out ContractWorks. However, note that this tool has a fairly steep learning curve, and its pricing may be expensive for high-volume usage.

Relevant Features

• Document Management: ContractWorks provides a centralized platform for storing, organizing, and managing contracts, enhancing accessibility and ensuring compliance.
• Advanced Search Functionality: The software offers robust search capabilities, enabling users to quickly locate specific clauses, terms, or contracts within their document repository, saving time and improving efficiency.
• Customizable Alerts & Notifications: ContractWorks allows users to set up alerts and notifications for key contract milestones, renewals, or expirations, reducing the risk of missed deadlines.

Pricing

ContractWorks has three pricing plans—Standard, which costs $700 per month; Professional, which costs $900 per month; and Premium, which costs $2,000 per month. All plans are billed annually.

The most advanced plan (Premium) includes drafting, redlining, and workflows for businesses seeking to scale to a full CLM. A free trial is available for those who want to try ContractWorks’ features before committing to a paid plan.

Pros

• Secure document storage with customizable permissions
• Audit trails for tracking document changes
• User-friendly interface for easy navigation and accessibility

Cons

• May have a higher subscription cost compared to others

15. CobbleStone

Best for comprehensive contract lifecycle management.

CobbleStone is another robust contract management solution intricately designed with a deep focus on procurement. Its advanced features, such as AI-based contract authoring and OCR data extraction, are top-notch. However, some users note that its interface is too complex and difficult to understand.

Relevant Features

• Contract Lifecycle Management: CobbleStone offers comprehensive CLM solutions, covering contract creation, negotiation, execution, and post-execution management, streamlining the entire contract lifecycle.
• Compliance Management: The platform includes features for tracking regulatory compliance requirements, ensuring contracts adhere to legal standards, and mitigating compliance risks.
• Reporting & Analytics: It provides robust reporting tools, allowing users to generate insights on contract performance, vendor relationships, and risk exposure for informed decision-making.

Pricing

There is no pricing information on CobbleStone’s website, so you may have to contact their team for details. However, the website has information about the free trial and a link to a free demo. 

Pros

• Scalability to accommodate growing businesses
• Dedicated customer support for personalized assistance
• Robust training resources for effective platform utilization

Cons

• Initial setup and customization may require dedicated time and resources

Best Enterprise Contract Management Software: SignWell

Efficient contract management is vital for a successful enterprise, and many businesses turn to ECM software to get it right. Good ECM software will expedite your CLM by helping with contract creation accuracy, streamlining, and standardizing workflows, and it generally speeds up the expansion of your operation.

At SignWell, we simplify e-signing by allowing enterprises to create customized contracts and templates, securely manage them in the cloud, and quickly circulate them for signature. Our intuitive dashboard allows you to track each document’s progress throughout its lifecycle easily.

See why over 61,000 customers choose SignWell—get started today for free.