Contracts are a critical part of any business. They dictate the terms and conditions of a relationship between two or more parties and can be highly complex documents.
That’s why having a good contract lifecycle management system is essential.
This blog post will discuss the ten best CLM software solutions today. Then, we’ll take a look at their features and pricing so that you can find the right one for your business.
What is a CLM Solution?
CLM solution means contract lifecycle management software helps businesses automate creating, negotiating, and signing contracts. It can also help with storing and managing signed contracts. As a result, automating contract-related tasks can save businesses time and money.
Why do you need a CLM Solution?
A CLM solution can help businesses streamline their contract management processes. It can also help companies to save time and money by automating contract-related tasks. It can also help enterprises to keep track of signed contracts and comply with the contract terms.
Discover the must-have features of a top-notch CLM solution:
- Contract templates: Easily create contracts with pre-designed templates.
- Contract management: Effortlessly keep track of all your signed contracts.
- Electronic signatures: Streamline contract signing with convenient electronic signature functionality.
Best contract lifecycle management vendors
There are many contract lifecycle management systems on the market today. Here are ten of the best CLM solutions.
1. LinkSquare
Go with LinkSquare for better legal agreements. The software lets you store your contracts in a single repository and provides real-time reports. In addition, it manages contracts with top companies like Cognate, Tango, DraftKing, Wayfair, etc.
Features
- Crisis management
- Review
- Storage
- Data privacy and compliance
- Deal acceleration
- Third-party paper management
- Analysis
Screenshots of LinkSquare feature
Pricing
Pricing details are not provided on the vendor’s official website. Contact them for details.
Likes
- Simple and intuitive software
- Provides good customer support
- Analyze tools provide easy scanning of contracts for key terms and phrases
Dislikes
- Its pre-contracting solution is not good
- It provides more and more notifications even if it is not necessary
- Less ways to map multiple dynamic languages
- Inability to search for agreements
- Expensive
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Support | Chat |
| Supported languages | English |
| Training | Live online, Documentation, Videos |
| Customer ratings | Capterra: 4.3 out of 5 (32+reviews), G2: 4.7 out of 5 (204+reviews) |
User opinion
LinkSquare CLM software helps to store all your contracts in one place and tracks all your upcoming renewals. As a result, it easily solves your contract-related challenges. In addition, its crisis management tool helps to prevent future crises by building strong agreements.
2. PandaDoc
PandaDoc is a cloud-based CLM solution that provides SOC 2Type two compliant and regular external audits. In this way, it gives great security to your data.
Features
- Legally binding e-signatures
- Activity tracking and notifications
- Payments
- Mobile apps
- Audit trail and document analytics
- Public and custom templates
- Drag and drop document editor
- Content library and locking
- Single sign-on support
Screenshots of the PandaDoc
Pricing
It offers four types of pricing plans.
- Essentials – It charges $35 per user/month and $19 per user per/month(billed annually)
- Business – It charges $65 per user/month and $49 per user per/month(billed annually)
- Enterprises – To get its details, you need to contact the vendor
The software also offers a 14-day free trial.
Likes
- The software provides good security and compliance for data
- It allows you to create and manage the entire workflow of sales documents, from proposals to contracts
- It offers free of charge e-signature feature
- It provides 24/7 customer support for paid plans
Dislikes
- Unavailability of Content library and locking for free plan
- Forms and bulk send features charge extra costs
- Unsatisfied view to the integrations
- The UI is clunky
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Support | Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat |
| Supported device | Android, iPhone, iPad |
| Supported languages | German, English, French, Dutch, Polish, Spanish, Swedish |
| Training | In-Person, Live Online, Webinars, Documentation, Videos |
| Customer ratings | Capterra: 4.5 out of 5 (911+reviews), G2: 4.7 out of 5 (1857+reviews) |
User opinion
PandaDoc CLM software is packed with all useful features, including an audit trail, contract renewal, and integration with CRM, Zapier, and SalesForce. However, these features have come with the paid plan. Overall it is a good software that provides some basic features free of cost.
3. DocuSign
It started as an e-signature company and now provides CLM capabilities for businesses. It is perfect for small and real estate businesses and is well-known as easy-to-use software.
Features
- Real-time audit trail
- Top-rated mobile apps
- Automate reminders and notifications
- Reusable templates
- Shared documents
- Shared templates
- Team reports
- In-person e-signatures
- Customized branding
DocuSign feature
Pricing
It offers a 30-day free trial.
It provides pricing for three different features e-signature, Real-estate e-signature, and API
| Plans | Monthly | Yearly |
| E-Signature *Personal *Standard *Business Pro *Enhanced plans | $15/month $45/month $65/month Contact the vendor | $10/month $120 (billed yearly) $25/month $300 (billed yearly) $40/month $480 (billed yearly) Contact the vendor |
| E-Signature for real estate *Real estate starter *DocuSign for Realtors *Real estate *Enhanced real state brokerage plans | $15 $35 $45 Contact the vendor | $10/month $120 (billed yearly) $25/month $240 (billed yearly) $40/month $300 (billed yearly) Contact the vendor |
| API *Developer account *Starter *Intermediate *Advanced *Enterprise offerings | It is free $75 $450 $720 Contact the vendor | It is free $50/month $600 (billed yearly) $300/month $3600 (billed yearly) $480/month $5760 (billed yearly) Contact the vendor |
Likes
- You can easily send DocuSign agreements from its platform or Salesforce.
- It provides 24/7 chat support.
- It offers a 30-day free trial without a credit card.
Dislikes
- The user interface is not good
- It is expensive
- Workflow setup will be complicated initially
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Supported device | Mac, Windows, Android, iPhone, iPad |
| Supported languages | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Estonian, Persian, Finnish, French, Hebrew, Hindi, Croatian, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Serbian, Swedish, Thai, Turkish, Ukrainian, Vietnamese, Chinese (Simplified) |
| Support | Email/Help Desk, FAQs/Forum, Knowledge Base, 24/7 (Live Rep), Chat |
| Training | In-Person, Live Online, Webinars, Documentation, Videos |
| Customer ratings | Capterra: 4.7 out of 5 (6878+reviews), G2: 4.5 out of 5 (1972+reviews) |
User opinion
This solution makes your contract process easy and less risky. Its AI and analytical tool help users to work effectively and efficiently. Moreover, it supports mobile apps like Android and iOS. Hence you can do e-signature using a mobile.
4. Evisort
Evisort provides a good contract intelligence platform that helps to focus more on strategic work, enhances profitability, decreases risks, and increases business agility. Intelligent dashboarding lets you view your agreement data and encapsulate key metrics.
Features
- Automation
- Analytics
- Repository
- Integrations
- Security and data privacy
Screenshots of Evisort feature
Pricing
Pricing details are not provided by the vendor. Contact them for the details.
Likes
- It provides actionable insights.
- Provides transparency into contract status and progress
- It offers good customer support
Dislikes
- It is a little bit confusing while learning
- Poor platform implementation
- Poor AI intake of documents
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Supported device | Mac, Windows |
| Supported languages | English |
| Support | Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support |
| Training | In-Person, Live Online, Documentation, Videos |
| Customer ratings | Capterra: 4.8 out of 5 (19+reviews), G2: 4.6 out of 5 (57+reviews) |
User opinion
It is a good contract lifecycle management software for legal, sales, procurement, finance, and IT departments. Its artificial intelligence tool helps the team to draft, approve, sign, and renew deals.
5. Conga contracts
Conga contracts is a complete solution for revenue lifecycle management that allows companies to create, track, maintain, and report on business agreements. It provides solutions for business operations, finance, sales, legal, and procurement departments.
Features
- Conga CLM
- Conga contracts
- Contracts for Salesforce
- Contract intelligence
- e-Signature
Some screenshots of Conga
Pricing
Pricing details are not provided on the vendor’s official site. You need to contact them for details.
Likes
- A good solution for simplifying the complicated process, handling risks, and reducing cross-team friction
- You can extract data easily and view all your deals with the help of the contract intelligence feature.
- You can easily do contract negotiation
Dislikes
- Some of the document templates are not customizable
- Configuration is complicated
- Migration is complicated
- X-Author is unintuitive
- Implementation is complicated
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Supported device | Mac, Windows, Android, iPhone, iPad |
| Support | Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat |
| Supported languages | English |
| Training | In-Person, Live Online, Webinars, Documentation |
| Customer ratings | Capterra: 4.3 out of 5 (72+reviews), G2: 4.2 out of 5 (384+reviews) |
User opinion
It is an end-to-end contract lifecycle management solution. It automates and streamlines business contracts with more security, visibility, and control. It is suitable for approvals, negotiation, and reporting.
6. Icertis Contract Management
Icertis Contract Management software is a cloud-based solution that helps businesses manage their undertakings. It offers compliance, audit history, contract creation, negotiation, and signing. The software also provides users with notifications and reporting tools to help them better understand their settlement data.
Features
- Intelligent contract setup
- Contract operations
- Governance, Risk, and Compliance
- Reporting and dashboards
- Contract creations
- Notification and reminders
- Contract templates
Screenshots of Icertis
Pricing
Pricing details are not provided on the vendor’s official site. Contact them for the details.
Likes
- It integrates large platforms like Salesforce, Adobe, SAP, etc.
- It provides a flexible configuration.
- Good contracts repository
- Good handling of complex approval logic
Dislikes
- The customization process is complicated and tedious.
- Poor customization
- Poor integration with other systems
- Poor user interface
- Some features are unnecessarily limiting
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Supported device | Windows, Linux |
| Support | Email/Help Desk, Knowledge Base, Phone Support, Chat |
| Supported languages | German, English, French, Italian, Japanese, Dutch, Polish, Portuguese, Spanish, Turkish, Chinese (Simplified) |
| Training | In-Person, Live Online, Webinars, Documentation |
| Customer ratings | Capterra: 4.4 out of 5 (41+reviews), G2: 4.2 out of 5 (77+reviews) |
User opinion
With the Icertis contract management solution, you can get an intuitive, personalized, and role-based experience. The software is a scalable and integration-friendly solution. In addition, you can measure and monitor contract performance with its dynamic, personalized dashboards.
7. Contract Works
Contract works is an intuitive solution for contract lifecycle management. It provides valuable insights into your agreements by custom reports.
Features
- Pact Repository
- Reporting and alerts
- Search and review
- Electronic signature
- Security
Screenshots of Contract works
Pricing
It offers three types of plans
- Standard – It costs $700 per month (billed annually)
- Professional – It costs $900 per month (billed annually)
- Premium – It costs $2000 per month (billed annually)
It offers a free trial for all plans.
Likes
- It provides a pricing plan for unlimited users
- It provides 24/7 customer support
Dislikes
- It does not provide mobile apps
- Inability to network with other software
- Limited AI support
- Unable to archive bulk expired contracts
User opinion
It is easy-to-use, OCR-text-based software. It allows you to extract contracts from anywhere.
8. SirionLabs
SirionLabs is a simple and intelligent platform for managing the agreement lifecycle. It provides a solution for legal, sales, procurement, finance, HR, and It departments.
Features
- CLM
- Contract set up
- Pact Repository
- Contract analytics
- Authoring and negotiation
- Contract review
- E-signature
- Contractual obligation management
- Dashboards and reporting
Screenshot of Siron Labs
Pricing
Pricing details are not given on the vendor’s official website. Contact them for more details.
Likes
- Provides user-friendly dashboards and reporting
- It manages all the covenant obligations in one place
- It provides good customer support
Dislikes
- Migration of a subfolder contract to another contract on the same supplier is impossible. For that, you need to recreate the folder.
- Implementation of the governance module is not so easy
- Contracts cannot be arranged chronologically
- It is expensive
- It is extensive and requires time and effort for familiarization
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Support | Email/Help Desk, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat |
| Supported languages | German, English, French, Russian, Spanish |
| Training | Videos, Live Online, Webinars, Documentation |
| Customer ratings | G2: 4.5 out of 5 (28+reviews) |
User opinion
The software is an easy-to-use platform that provides real-time insights into your contracts. AI-powered extract offers complete visibility on pacts. It helps to reduce business risks with compliance, process automation, and in-life agreement management.
9. Agiloft
Agiloft is a robust contract management software that helps businesses automate their dealing processes. This CLM software is a built-on no-code platform. In addition, it provides fully customizable functionalities.
Features
- Treaty Repository
- Clause libraries
- Approval workflows
- Security
- Compliance
- Buy and sell-side
- Alerts and performance tracking
- Artificial Intelligence
Screenshot of Agiloft
Pricing
It offers four types of pricing plans. They are
- Professional
- Professional Extended
- Enterprise
- Enterprise extended
You need to get a quote for all plans for pricing details.
Likes
- The software is easy to set up and configure.
- It offers in-house and cloud deployment with the same subscription price, support, and upgrade.
Dislikes
- With more customization options, working with the software will be confusing
- Multi-language support is not available for the professional pricing plan
- Unnecessary integrations are found
- UI change created challenges for the end-users
- Poor reporting features
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Support | Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat |
| Supported languages | German, English, French, Italian, Portuguese, Russian, Spanish |
| Training | In-Person, Live Online, Webinars, Documentation, Videos |
| Customer ratings | Capterra: 4.9 out of 5 (33+reviews), G2: 4.6 out of 5 (55+reviews) |
User opinion
It is an intuitive software suite. It helps businesses to automate workflows related to initiating, executing, and monitoring contractual agreements.
10. LEXION
Lexion is an easy-to-use contract management software that allows the operations team to quickly review the legal, HR, procurement, finance, and security contracts.
It automates their busy tasks with the help of Natural Language Processing technologies. It also provides an email-centric approach and legacy contract onboarding for easy implementation and adoption.
Features
- Accelerate contracting
- Scale business
- Easy Adoption
- Centralized dashboard
- Integration with email, SLACK, Salesforce, and more
- Intuitive automation
- A-I powered repository
Screenshots of Lexion
Pricing
For the pricing details, kindly contact the company directly.
Likes
- User-friendly
- Useful in task management and organization
- Integrations available
- Good customer service
Dislikes
- Problems with the data migration process
- Reports on insights unavailable
- Glitches with notification emails
- Problems with AI
Other details
| Deployment | Cloud, SaaS, Web-Based |
| Support | FAQs/Forum, Knowledge Base |
| Supported languages | English |
| Training | Live Online |
| Customer ratings | Capterra: 5.0 out of 5 (3+reviews), G2: 4.6 out of 5 (93+reviews) |
User opinion
Lexion is a user-friendly Contract Lifecycle Management (CLM) platform to help organizations store and organize contracts in a centralized repository.
Administrators can take advantage of the automated tracking of main requirements and receive notifications regarding key events. Freelancers, large enterprises, and mid-sized and small businesses can benefit from adopting this CLM system.
FAQs
What are the common features of CLM software?
Contract templates – contract templates that can be used to create pledges.
Contract management – contract management features help businesses keep track of signed deals.
Electronic signatures – electronic signature features to help businesses sign agreements electronically.
Conclusion
When choosing a CLM solution, it is crucial to consider your business needs. You should also consider the features and pricing of the different solutions. A free trial can be an excellent way to try before committing to it.
The above blog post outlines the ten best CLM software solutions today. In addition, it discusses their features and pricing so businesses can find the right one for their needs.
Reference
- Help documents for LinkSquare
- Documention learn for PandaDoc
- DocuSign Knowledge market – CLM central
- Help document for Evisort
- Streamline documents of Conga Contracts
- ebooks for Icertis Contract management
- Featured Resources Contract works
- White papers documentation of SirionLabs
- White papers documentation of Agiloft
