{"id":19613,"date":"2022-10-07T16:57:41","date_gmt":"2022-10-07T16:57:41","guid":{"rendered":"https:\/\/whatfix.com\/blog\/?p=19613"},"modified":"2026-01-16T17:17:16","modified_gmt":"2026-01-16T17:17:16","slug":"clm-software","status":"publish","type":"post","link":"https:\/\/whatfix.com\/blog\/clm-software\/","title":{"rendered":"15 Best Contract Lifecycle Management (CLM) Software (2026)"},"content":{"rendered":"

With 60-80% of business<\/a> governed by contracts, contracts are part of most organizations\u2019 everyday work \u2014 and probably not the most fun part.<\/p>\n

So, who manages contracts? The antiquated paper path of contract management presents a lot of problems in today\u2019s digital world (ie. it\u2019s prone to mistakes, requires more staff, is manual, and tracking changes is difficult for distributed teams across multiple time zones), but there is a solution \u2013 contract lifecycle management software.<\/p>\n

According to a Research and Markets<\/a> report, the global contract lifecycle management software market grew to $2.1 billion in 2023 and is projected to reach $5.2 billion by 2032.<\/p>\n

According to Goldman Sachs<\/a>, automating contract management speeds up sales negotiation cycles by 50%, cuts inaccurate <\/b>payments by 75 to 90%, and cuts the <\/b>operating and processing costs related to contract management by 10-30%. These are all good reasons\u00a0why you need a digital response to keep track of and manage your various business contracts. Without an automated solution, you risk a lot more than you gain.<\/p>\n

In this guide, we\u2019ll define contract lifecycle management, break down contract lifecycle management software, cover features of CLM solutions, and rank the best CLM software for better, automated contract management.<\/p>\n

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What is the best CLM software?<\/h2>\n
    \n
  1. Icertis Contract Management<\/a><\/li>\n
  2. Sirion<\/a><\/li>\n
  3. DocuSign CLM<\/a><\/li>\n
  4. SAP Ariba Contracts<\/a><\/li>\n
  5. Conga Contracts<\/a><\/li>\n
  6. Salesforce Revenue Cloud<\/a><\/li>\n
  7. LinkSquares<\/a><\/li>\n
  8. Oneflow<\/a><\/li>\n
  9. PandaDoc<\/a><\/li>\n
  10. DealHub<\/a><\/li>\n
  11. Evisort<\/a><\/li>\n
  12. Contract Logix<\/a><\/li>\n
  13. Ironclad CLM<\/a><\/li>\n
  14. CobbleStone Contract Insight<\/a><\/li>\n
  15. Agiloft Contract Management Suite<\/a><\/li>\n<\/ol>\n<\/div>\n

    What Is Contract Lifecycle Management?<\/h2>\n

    Contract lifecycle management (CLM)<\/a> is the administration of contracts, from discovery, creation, negotiation, and approval to execution, compliance, and amendments. Even after a contract is executed, dispute management (if contested), reporting, and archiving may be necessary.<\/p>\n

    \"What<\/p>\n

    Traditionally, CLM was handled through paper-based systems, but through the digital transformation<\/a> of the contract management process, it can be managed with software. Because of the high cost of producing contracts \u2014 $6,900 for basic <\/a>agreements and more than $49,000 for complex ones \u2014 you need something to manage the contracts you produce.<\/p>\n

    What Is CLM Software?<\/h2>\n

    CLM software is a type of software used to streamline the contract process, and it helps other teams create their own contracts with templates. With the worldwide CLM market growing 3.5x between 2020 and 2030<\/a>, and a CAGR (compound annual growth rate) of 13%<\/a>, the overall adoption rate for CLM software rate is expanding exponentially.<\/p>\n

    How does it help other teams?<\/p>\n

    Let\u2019s say your engineers need a standard contract for a job they\u2019ve done many times before. Lawyers compose and approve the standard language for this task. Then they compile a list of standard questions to ask the engineers. The engineers answer these questions digitally, and a standard contract with pre-approved language is created.<\/p>\n

    15 Best Contract Lifecycle Management (CLM) Software Tools<\/h2>\n

    Here are the best contract lifecycle management (CLM) software applications for better contract management based on G2 reviews and other review websites:<\/p>\n

    <\/a>1. Icertis Contract Management<\/h3>\n