In the world of sales, contracts are essential! They not only assist but protect both the buyer and the seller. Well-managed contracts ensure all parties are in agreement and are on the terms of the deal. However, managing contracts can be a time-consuming and complex process. Fortunately, in this case, contract management software is the savior!
Contract management software can help sales teams to streamline their contract processes, improve visibility, and reduce errors. There are several different contract management tools on the market, so it is essential to go for one that is right for your needs.
So, without any further ado, let’s explore six outstanding contract management tools for sales teams.
Contractbook
Contractbook is a cloud-based contract management tool designed for small and medium-sized businesses. It offers many features that can help sales teams to improve their contract processes, including:
- Contract templates
- E-signatures
- Workflow automation
- Reporting
- No-code automation builder
- Full-text search
- Custom legal clauses
Contractbook is a good choice for businesses glancing for a cost-effective and easy-to-use contract management solution. It can also get integrated with other business systems.
PandaDoc
It is an advanced document automation software cloud-powered and helps businesses make, send, monitor, and eSign documents. It is a popular tool for sales teams, as it can help to streamline the contract management process. It also offers several other features that can benefit businesses of all sizes, including:
- Form builder: PandaDoc allows you to create and manage forms, to collect data from customers or employees.
- Integrations: It integrates with many other business systems, such as CRMs, ERPs, and payment processors.
- Security: It has the highest security and compliance standards that are SOC 2 Type 2 compliant.
Agiloft
Agiloft is a contract lifecycle management (CLM) software platform that helps businesses to automate and streamline their contract processes. It is a cloud-based solution that offers a wide range of features, including:
- Customizable workflows
- Advanced Reporting
- Integrations with other business systems
- Customization, and security
- Contract templates
Agiloft is a good choice for businesses of all sizes that need a robust and scalable CLM solution. It is particularly well-suited for businesses that need to manage a large volume of contracts or that have complex contract requirements.
Concord
Concord is also a cloud-based contract management software that helps businesses to automate and streamline their contract processes. It is a robust tool with an extended range of features, such as:
- Contract templates
- E-signatures
- Workflow automation
- Reporting
- AI-powered contract analysis: Concord uses artificial intelligence to analyze your contracts and identify potential risks and opportunities.
- Integrations with other business systems
Concord is predominantly well-suited for businesses that need to manage a large volume of contracts or that have complex contract requirements.
LinkSquares
LinkSquares is a contract management software that uses artificial intelligence (AI) to help businesses manage their contracts. It is also a cloud-based platform with a variety of features, such as:
- Contract templates
- E-signatures
- Workflow automation
- Reporting
- AI-powered contract analysis
- Integrations with other business systems
LinkSquares is a good choice for businesses of all sizes that need a robust and scalable contract management solution.
GetAccept
GetAccept is another cloud-based contract management software that helps businesses close deals faster and more efficiently. It is a popular tool for sales teams, as it can help to streamline the contract management process. GetAccept offers many features that can benefit sales teams, including:
- Contract templates
- E-signatures
- Workflow automation
- Reporting
- Real-time collaboration
- Deal rooms: GetAccept allows you to create deal rooms, which are virtual workspaces where you can store and share contracts with your team and prospects.
GetAccept is the best choice for businesses that need to manage a large volume of contracts with complex prerequisites.
Final Thoughts
There are several benefits to using contract management software for sales teams. Such as:
- Streamlined contract processes: Contract management software can help to streamline the contract process by automating tasks such as sending and tracking contracts, collecting signatures, and managing approvals. This can save sales teams time and improve efficiency.
- Improved visibility: Contract management software can provide sales teams with greater visibility into their contracts. This can help them to track the status of contracts, identify any potential risks, and ensure that all contracts are compliant with company policies.
- Reduced errors: Contract management software can help to reduce errors in contracts by providing templates, automated workflows, and real-time collaboration tools. This can help to protect businesses from legal liability and financial losses.
- Increased productivity: Contract management software can help sales teams to be more productive by freeing up their time to focus on other tasks, eventually improving sales and business.
In the competitive global business sphere, it the high time to capitalize on technological advancements by adopting contract management software. It will improve the contract management processes of your sales team at affordable costs and make your business workflow seamless and automated.
