Best Contract Management Software

PandaDoc Pricing and Plans

PandaDoc excels with its contract analytics, which is very detailed and breaks down each recipient’s activity. 

You can use this information to optimize your existing and new contracts and, in turn, improve your bottom line. 

“Our team appreciates PandaDoc for its flexibility and efficiency. It not only supports our internal contract management needs but also enhances our client interactions. The ability to track document status in real-time has been a game-changer, keeping all parties on the same page and significantly reducing the time to close deals,” says Ankit Prakash, the founder of Sprout24, a contextual data platform for SaaS products.

“While we’ve explored other platforms like DocuSign CLM and Ironclad, PandaDoc’s balance of functionality and user-friendliness fits our needs perfectly. It empowers us to focus more on strategy and growth rather than getting bogged down by administrative tasks. In the dynamic world of software and SaaS, having a tool that adapts to our evolving needs is invaluable,” adds Prakash.

Who Should Use It

PandaDoc is ideal if your business can benefit from contract analytics that can help you improve your contracts and better serve your current and prospective customers.

PandaDoc Features

On the PandaDoc “getting started” page, you’ll find it easy to upload files. Source: PandaDoc free trial

ContractSafe Pricing and Plans

Compared to other contract management solutions, ContractSafe is very easy to set up and customize. 

It’s an all-in-one platform with a long list of key features, like a real-time audit trail, built-in Optical Character Recognition (OCR) to make all contracts searchable, and automated reminders and notifications for milestones. 

Once you log into the ContractSafe dashboard, you’ll be directed to the contract repository with a list of all of your contracts.

There’s a search bar so you can quickly find what you need. Each contract in the dashboard will list the contract type, name, monetary value, stakeholders involved, and dates associated with it. 

In addition, there’s a notes section you can use to add any additional details.

Who Should Use It

If you’re in search of a simple, straightforward, yet effective contract management with easy setup and no hidden costs, ContractSafe should be on your radar

ContractSafe Features

ContractSafe’s employment offer templates are easy to use and highly customizable. Source: ContractSafe free trial

Bonsai Pricing and Plans

As soon as you log into your Bonsai account, you can create a client proposal using one of the many available contract templates. 

While some templates are generic, others are customized for a number of use cases and industries, like consulting, digital marketing, and design. Once you send a client proposal, you can track its status and determine whether a client has accepted it.

If a client does give you the green light, you can create a single invoice, recurring invoice, subscription invoice, or bundled invoice. 

You’ll also be able to accept payments through Bonsai Payments, ACH, PayPal, or Stripe. 

In addition, there’s a feature called Bonsai Cash, which makes it easy to track business expenses so you can deduct them from your taxable income and avoid headaches during tax season.

Who Should Use It

If you’re a freelancer who wants to simplify your operations and ensure your business runs smoothly, you can’t go wrong with Bonsai.

Bonsai Features

The Bonsai dashboard offers a quick glance at income, expenses, financial reports, and more. Source: Bonsai free trial

DocuSign CLM Pricing and Plans

DocuSign CLM is known for its electronic signature or e-signature capability but goes far beyond it with customizable workflow templates and a centralized, searchable central repository for all contracts.

With the clause library, you can create a library of pre-approved clauses and options your team can use to reduce your dependence on legal teams. 

The contract negotiation feature is also a game-changer as it eliminates the need to send back-and-forth emails. You can use it to collaborate with clients, lawyers, and other parties all in one place. 

Since DocuSign CLM tracks all changes, you’ll never wonder about who changed what and when they did it. Lastly, the tool uses AI to analyze contract data and generate valuable reports.

Who Should Use It

DocuSign CLM may make sense if you’re a startup or small business with plans to scale or a larger organization with more complex needs.

DocuSign CLM Features

DocuSign makes it easy to create agreements using pre-built templates. Source: DocuSign free trial

LinkSquares Pricing and Plans

LinkSquares depends on AI technology to improve contract management, from the inception stage all the way to completion. 

Its automated workflows and data analysis help legal teams stay organized and compliant while reducing human errors. Through the search function, you can find and retrieve certain terms or clauses within your contracts and legal documents. 

Since it’s user-friendly, anyone, including legal pros and others involved in the contract management process should be able to access and use it without any issues. 

LinkSquares also integrates with a number of tools and technologies you may already use, such as Microsoft Word, Google Drive, Slack, Adobe Sign, and Salesforce to streamline your existing processes.

Who Should Use It

LinkSquares is a solid choice if you’re a legal team who would like to simplify your remote and on-premise contract management process. 

LinkSquares Features

With LinkSquares, you can easily gauge the status of all of your contracts in the “Finalize” tab. Source: LinkSquares Demo

Ironclad Pricing and Plans

Security is top of mind with Ironclad. To protect the confidential and sensitive information in your contracts, the company encrypts all information, performs regular audits and tests to mitigate security risks, and logs product access and permissions. 

Through Ironclad’s workflow designer, you may upload existing contracts and customize them with specific rules and workflows. 

The drag-and-drop contract editor enables you and other parties to easily redline and edit contracts so you can improve version control and expedite the approval process.

Also, Ironclad supports unlimited signatures, sends automated reminders and notifications, and integrates with Salesforce, Slack, Coupa, and more. 

An automated audit trail you can use to trace every contract you create and store is included as well.

Who Should Use It

If cybersecurity is of utmost importance to your business, Ironclad’s contract management solution is the way to go, thanks to its proactive and robust security measures.

Ironclad Features

Ironclad’s dashboard shows all of your in-flight contracts. Source: Ironclad online demo