Products in this category are designed to help an organization manage its contracts or legal agreements with other companies or vendors. Typically, contract management software is used for storing contract documents, tracking changes made to existing contracts, searching a contract on the basis of certain criteria and reporting certain aspects of a contract. More advanced products feature the ability to manage initial contract requests, to collect information about document authoring, to create and negotiate contracts, to track a contract through its review and approval phase and to execute a contract using electronic signatures. The right contract management software helps standardize contract content, improves collaboration and productivity and also aids in compliance management, workflow management and performance monitoring. Read full guide
