Contracts are a crucial part of every business to cover its bases and maintain a proper workflow.
Virtually every business relationship starts with a contract. Contracts are the best way to guard all parties in an contract, from how money is created, paid, or split to what each party is responsible for and exactly what happens when the relationship ends.
But many established businesses are still printing out actual physical contracts or using emails as an official agreement. Contract management software solves these issues having a central portal where every contracts are stored plus viewable to all parties and streamlining contracts’ creation and execution.
Selecting the most appropriate contract management software can make a distinction in lightening your workload and giving you peace of mind when you create agreements within your firm, vendors, or when outsourcing any given project.
This software is a crucial device you need in your business toolbox. In this guide, I’ll walk you through the best articles management software on the market and which they’re the best fit to get. This way, you can stop losing sleep over contractual blind spots in your business.
The Top Best Contract Software
- PLUS. CO – Best software for freelance contracts
- ContractWorks – Best for enterprise contracting solutions
- DocuSign – Greatest developer-friendly contract management
- PandaDoc – Great for free contract management
- Juro – Great for contract management automation
Below We go over each CMS’s best features, what makes them the very best fit for each category, and how their prices break down. Continue reading to discover which contract software is best for you.
#1 – AND. COMPANY – Best Software Intended for Freelance Contractors
Visit AND. CO
- No month-to-month fees
- Very easily handle proposals
- Set alerts for client actions
- Automatically creates invoices
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AND. CO was founded with the same geniuses who made Fiverr and is used by over 400, 000 businesses. So , you can rest assured they know a thing or two about the contract requirements of freelancers. AND. COMPANY is a solid option for freelancers needing to get a handle on their contracts without having to shell out a costly monthly fee.
They strategically partnered with the Self employed Union to create contracts that will ensure mutual fairness plus security for all parties included. You don’t need to do any printing or scanning when you are able customize your agreement online with their on-off feature, which lets you decide what clauses to add and what to rule out of each contract.
As a freelance contractor, the peace of mind of knowing your own contracts are legal which you’ve included the clauses necessary to form complete agreements that protect you (and your client) is completely priceless.
Along with AND. CO, you can obtain alerts when your client views the contract and create automated invoices once you’re ready. This can help you cut down on the time that’s often spent chasing down client payments and clearing up miscommunications.
Regardless of the tier you select, you get access to all of their suggestion tools, alerts when your custom made invoices are viewed plus paid, time tracking, expenditure tracking, and income reviews that are especially helpful during tax season.
Beyond that, their payment plans break down as follows:
- Capability to invoice one client
- Two bank account contacts
- AND. CO branding
- second . 9% + 30 pennies for online payments
Professional – $18 a month
- Unlimited number of clients
- Removal of AND. COMPANY branding
- Editable contracts
- Link up to six bank accounts
- Free training session and priority support
- 2 . 9% + 30 cents for online obligations
#2 – ContractWorks – Best For Enterprise Contracting Solutions
- Handle complicated sets of contracts
- Seamless workflow along with tags
- Simple contract library search
- Starts at $600 per month
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ContractWorks is a reliable and fast way to manage contracts affordably. Their enterprise contracting options are fit for the technology, non-profit, manufacturing, healthcare, and government sectors that need the top-level CMS to help keep all of them legal and compliant.
As an enterprise contract solution, ContractWorks has a agreement repository where you can easily shop, search through, and find each agreement you’ve created. To help using the onboarding process, ContractWorks offers free resources to help proceed your contracts to a digital format.
Their own software allows you to assign agreement permissions and add tags for a more seamless work flow across your contract data source. They also offer smart document marking, contract annotations, permission-based roles, data alerts, customizable confirming, and the ability to upload agreements by email.
The pricing tiers reveal the scope they can undertake your contract needs like a wholesale or retail business. If you want to get started with ContractWorks, every tier offers a document restrict. You can read the extensive listing of additional features for each plan on their site, but their standard functions per level include:
Standard – $600 monthly
- Limitless users
- two, 500 document limit
- 5 electronic signature licenses
Professional – $800 monthly
- Unlimited customers
- 10, 500 document limit
- 10 electronic signature licenses
Enterprise – $1, 000 monthly
- Unlimited users
- Unlimited files
- 20 digital signature licenses
#3 – DocuSign – Best Developer-Friendly Contract Management
- Great for intuitive e-signatures
- Helpful developer neighborhood
- Capture one-click consent
- Begins at $10 per month
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You might have used DocuSign to digitally sign the document that landed inside your inbox from a client, partner, or vendor. You might not realize that DocuSign is the perfect contract management software for developers who would like to do more with the software than the everyday contract features.
They don’t only provide APIs in order to integrate e-signature capabilities, but they also have a Developer Middle where you can find everything you need to get started designing their software for your needs. Using their developer API features, you are able to retrieve DocuSign ID verification from signers, manage user permissions across all balances, capture one-click consent just for simple contracts, and incorporate e-signatures into your workflow.
DocuSign goes as far as hosting a developer community where you can get questions answered and have access to their API experts during office hours. In case your company has a dedicated team responsible for contract management, malleable open-source software like DocuSign can be a valuable addition to your own contract management system.
With DocuSign, you can go with a monthly or even yearly contract management plan. Their annual prices break down to include:
Personal – $10 per month
- Single user
- Send up to five documents to sign a month
- Basic fields
- Access to mobile app
Standard – $25 per consumer per month
- Up to 5 users
- Send any number of files for e-signatures
- Basic fields
- Access to mobile app
- Personalized branding
Business Pro – $40 per user per month
- Everything in the regular field
- Gather payments
- Innovative fields
- Signer attachments
- Mass send feature
They also offer custom packages with more advanced solutions. Get in touch with the DocuSign sales team to find out more and custom pricing.
#4 – PandaDoc – Best For Free Agreement Management
- Automate document workflow
- Create custom agreement templates
- Capture payments on free rate
- Starts totally free
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PandaDoc is definitely the best free contract management software out there because of what you can do without a paid plan. With PandaDoc, free does not mean basic. As soon as you sign up, you can access a lot more than 450 sales and suggestion templates to get you started.
With a CRM integration, you can pull customer data plus insert it into ready-made clauses that have been reviewed in advance to ensure they’re error-free. This means you can start creating and saving customized templates ready for putting your signature on in half the time it would take you to start from scratch.
You can make negotiation and compliance simple by selecting proposals from their library which have been vetted for accuracy and designed to help you close the sale. PandaDocs goes so far as offering you the ability to capture obligations on their free tier choice. This works perfectly should you be looking for a central hub to keep your contracts, invoices, plus proposals, which can come in handy during tax season or internal audits.
In order to go with contract management software such as PandaDoc, you can start with their free of charge tier. If you decide to go with the paid plan in the future, they remain pretty affordable regarding contractors and small businesses.
- Unlimited legally binding e-signatures
- Unlimited document uploads
- Ability to capture payments
Essentials – $19 per month per user
- Everything in the free tier
- A drag plus drop editor
- Pricing tables
Business – $49 per month per user
- All the features in the essential plan
- CRM integrations
- Articles library
- Custom made branding
- Zapier integrations
- Bulk send
- Acceptance workflows
#5 – Juro – Best For Contract Management Software
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- Automate recurring contracts
- Create contracts for teams at scale
- Easy, no-code editor
- Starts with a totally free plan
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Do you need to create routine contracts on scale that you can easily implement? Juro was designed with automatic routine contracts in mind. Certain, with basic software, you can capture e-signatures, make sure your contracts are legally sound, get signature alerts, and even send invoices.
Yet Juro takes it a step further by creating a construction where creating routine agreements at scale, which usually requires a team and a slew of approvals, is smooth and quick. You can setup specific renewal reminders to remain ahead of upcoming deadlines and assign them to the person responsible for capturing the right signatures. This is often a great way to keep up with supplier agreements you may hold for some time but have expiration dates every so often.
Juro’s no-code editor makes agreement building even faster plus easier to manage. Their rich text editor makes it easy to include tables, charts, and images when needed for more transparent agreements with less confusion for everyone involved.
Juro’s price breakdown makes it easy to pick a tier that works for you personally.
- Includes 50 contracts
- 1 consumer
- Template editor
- Kanban dashboard
Lite – $450 monthly billed annually
- Most of features of the free plan
- Includes 500 contracts
- five users
Team – $990 monthly charged annually
- All features of the En aning plan
- Limitless contracts
- 5 users
Juro also offers a Business plan suitable for multiple teams. You can contact their sales team for the custom plan and quote.
How to Find The Best Contract Management Software For You
When it comes to choosing the right contract management software for your business, think about the three most important things: use limits, customization, and the complete contract lifecycle.
We already know that contract management software digitizes all of your contract dealings for easier filing, signing, access to legal paperwork, and project management. To expand on what to look for, consider the following criteria.
You won’t need a costly CMS that charges on a per-user basis with a limit associated with 10 users per account if you’re a freelancer. You also won’t need an extensive backlog for document storage if you only average a handful of new customers per month.
User access and account limitations are essential to consider as a small or mid-sized business. A good enterprise-grade company might need space for growth and manage numerous contracts per month. This might mean you’ll prefer cloud-based software instead of taking up storage space on your computer.
Most CMS tools offer some degree of customization and templates to work from. However , some tools offer more flexibility and versatility than others. Outside of making changes within a contract, you also need the ability to run reviews, do custom searches, adapt a dashboard, change record types, and more.
As you research contract software options, look for how much you can customize and adapt to your particular needs. Be wary of a lot of options, as well. Some software program may have every bell and whistle, but you may finish up overpaying if you only utilize a quarter of the features.
Keep in mind your capability to create custom changes, too. Unless you have an in-house developer team that wants a pliable contract management program like DocuSign, a more straightforward option may be a better selection.
Full Agreement Lifecycle
The particular contract lifecycle is more than simply getting a signature on the dotted line. It calls for negotiation, proposals, contract revisions, approvals, signatures, compliance, plus renewals.
Just before selecting a CMS, make sure the device covers all aspects of the contract’s lifecycle you need. For instance , suppose your sales team already handles negotiations in a streamlined way, and you do not wish to lessen their responsibilities or lose time moving these to a new system. In that case, the application you choose does not need to emphasize that will.
This is where it’s up to you to prioritize what tools your business needs and when their expense will be a valuable investment in the long run.
Contract Management Can Be Easy
The plenty of paper and extra steps a person once needed to ensure the legality of your business methods aren’t necessary anymore. E-signatures and contract management software make digital contract management feasible and scalable, saving you money and time.
An effective contract management system helps you stay on top of all your business dealings, so you have more time to develop value for your customers.
To recap, here’s a list of all the best content management systems reviewed in this tutorial. Use it as a resource to assist you find CMS that works for your business.
- AND. CO – Great for freelancers and sole entrepreneurs
- ContractWorks – Best for enterprise contracting options
- DocuSign – Best developer-friendly contract administration
- PandaDoc – Best free contract management software
- Juro – Best for contract management software