Contract lifecycle management (CLM) software is a must-have tool for businesses looking to streamline their contract management processes. With so many options available in the market, it can be challenging to choose the right one for your organization. In this article, we will compare the most popular CLM software to help you make an informed decision.
1. Agiloft
Agiloft is a cloud-based CLM software designed to automate the entire contract lifecycle, from creation to renewal. This software is highly customizable and can be tailored to meet the specific needs of your organization. Agiloft offers features such as contract generation, approval workflows, contract tracking, and reporting. The intuitive drag-and-drop interface makes it easy to use, even for non-technical users.
2. ContractWorks
ContractWorks is another cloud-based CLM software that simplifies contract management. This software is designed for small and mid-sized businesses and offers features such as contract creation, approval workflows, contract tracking, and reporting. ContractWorks is easy to set up and use, and it offers a user-friendly interface. It also integrates with leading cloud storage providers such as Google Drive and Dropbox.
3. Conga Contracts
Conga Contracts is a comprehensive CLM software that automates contract management processes such as contract creation, negotiation, approval, and renewal. This software is cloud-based and offers features such as e-signatures, contract analytics, and compliance tracking. Conga Contracts is highly customizable and allows you to create contract templates that can be used repeatedly. It also integrates with Salesforce, Microsoft Dynamics, and other popular CRM platforms.
4. Icertis
Icertis is a cloud-based CLM software that offers features such as contract creation, negotiation, approval workflows, and reporting. The software is highly configurable and can be customized to meet the specific needs of your organization. Icertis also offers advanced analytics and artificial intelligence (AI) capabilities, allowing you to gain insights into your contracts` performance. It integrates with popular enterprise resource planning (ERP) systems such as SAP and Oracle.
5. Ariba
Ariba is a cloud-based CLM software designed for procurement professionals. It offers features such as contract creation, negotiation, approval workflows, and e-signatures. Ariba also includes advanced analytics and reporting capabilities, allowing you to track your contracts` performance and compliance. This software integrates with SAP and other leading ERP systems.
Conclusion
Choosing the right CLM software can help your organization streamline its contract management processes, increase efficiency, and reduce risk. Agiloft, ContractWorks, Conga Contracts, Icertis, and Ariba are the most popular CLM software options available in the market. Each of these software has its own unique features and benefits, so it`s essential to assess your organization`s needs and choose the one that best suits them.