Definition: A Contract management software is a computer program or libraries, series, and range of programs related to a computer which the main purpose is to document legal agreements which will be very useful in the future.
Legal agreements, in this case, include contract management, contract lifecycle management, and contractor management on projects and it is used to support the software.
If there is a need to, this software can be used alongside with project management software since they work perfectly together.
In other words, it is a program/software to document contracts with vendors, leases and licensing agreements between individual or bodies of organizations with the main aim of providing a break down of all the projects for easy access and modification when needed.
Best Contract Management Software
ServiceDesk Plus by ManageEngine
ServiceDesk Plus is a game changer in turning IT teams from daily fire-fighting to delivering awesome customer service.
It provides great visibility and central control in dealing with IT issue to ensure that businesses suffer no downtime.
For 10 years and running, it has been delivering smiles to millions of IT folks, end users, and stakeholders alike.
Icertis Contract Management
The Icertis Contract Management (ICM) platform is the leading contract management solution in the cloud.
ICM’s easy-to-use, intelligent, enterprise-wide contract management software transforms the foundation of commerce by turning contracts into valuable corporate assets.
Highly configurable and easy to deploy, Icertis’ contract management software can be adapted to suit any business and every user.