Managing contracts manually often leads to missed renewals, long turnaround times, and costly compliance issues. With the right contract lifecycle management software, businesses can avoid these risks and gain control of their agreements. This MOR Software’s guide will highlight the best solutions, features, and practices to pick the right contract management lifecycle software in 2025.
Contract lifecycle management software is designed to oversee every stage of a contract’s journey. From drafting and negotiation to approvals, execution, and long-term storage, it helps businesses maintain order and reduce risks.
Modern platforms go beyond basic storage. With AI automation tools like AI and OCR, a contract management lifecycle software can process both legacy documents and new digital contracts with speed and accuracy. These smart functions make contract data easier to track, search, and analyze.
In preparing this review, we looked closely at leading providers. After assessing their strengths and weaknesses, we’ve gathered the ten standout solutions that represent the best the market has to offer.
With a modern contract lifecycle management software solution from trusted providers like HyperStart, companies can bring order and speed to every contract-related process. These platforms simplify workflows and add measurable value to daily operations.
Still wasting time searching emails, cloud folders, and local drives for important agreements? A contract lifecycle management system eliminates this problem by giving you one secure repository to store and manage every legacy contract.
EY reports that 90% of organizations struggle to locate contracts because they lack the right technology or processes. This shows the value of centralization.
Beyond storage, today’s tools provide AI-driven filters that let teams instantly find what they need. They also support importing existing agreements from CRM software, shared drives, and even email, making the transition smooth and reliable.
Keeping up with renewals is essential to prevent contracts from lapsing and to stay compliant. Yet, for enterprises managing thousands of agreements, renewal tracking can quickly become overwhelming.
World Commerce and Contracting estimates that organizations lose about 9% of anticipated contract value because of issues that include missed renewals and weak post signature management.
With the right contract lifecycle management software, renewal dates are monitored automatically. Teams can set up alerts to receive notifications or emails when an agreement is approaching its end date, ensuring no deadlines are overlooked.
Some contract lifecycle management tools even go further by supporting auto-renewals, where a fresh contract is prepared and sent to the counterparty before the existing one runs out.
A reliable contract lifecycle management software makes it far easier to stay compliant with every agreement. By using OCR technology, the system can scan contracts to detect key terms and responsibilities that need attention.
With built-in AI, those terms are automatically converted into actionable obligations. Users can then set up alerts to track them effectively. This level of AI automation in a contract management lifecycle software ensures compliance from start to finish and reduces the risk of costly penalties.
Starting a draft from zero can take hours or even days, which translates into unnecessary costs. Research from World Commerce and Contracting shows that drafting a simple contract can cost businesses close to USD 6,900.
Modern contract lifecycle management software changes this process entirely. With features like pre-saved clauses, reusable templates, and AI-assisted drafting, platforms like HyperStart let teams create new agreements in just minutes.
For organizations managing high volumes of contracts, this function is a game-changer. A contract lifecycle management best practices approach with automation allows hundreds of drafts to be produced quickly and accurately.
Lengthy turnaround times slow down contract signing and execution, creating bottlenecks that affect business performance. Keeping TAT under control is critical for smooth operations.
With the right contract lifecycle management software, teams can work together in one shared workspace. All parties can redline, review, and negotiate directly in real time, removing the delays caused by endless email threads.
This collaborative process speeds up redlining and approvals. In many cases, a CLM contract system shortens negotiation cycles dramatically, ensuring deals move forward without unnecessary holdups.
In Forrester’s Total Economic Impact study of DocuSign CLM, interviewed customers reported up to a 90% reduction in the time to generate a new sales contract.
Contracts contain critical data about performance, obligations, and workflows, but manual tracking often leaves this information unused. Without the right tools, valuable insights remain hidden.
By using contract lifecycle management software, businesses gain full visibility into contract data through interactive dashboards and reports. Charts and analytics highlight trends and performance metrics, making it easier to guide strategic choices.
When paired with a contract cycle view, these analytics turn raw data into actionable intelligence, helping teams refine processes and improve decision-making.
Selecting the right platform means reviewing features, advantages, drawbacks, and even client feedback. A clear evaluation helps determine the best contract lifecycle management software for your business, along with the most reliable monitoring and tracking capabilities. We’ve broken down the details below.
HyperStart CLM is a complete contract lifecycle management tool that covers everything from drafting and storage to execution and renewals. Powered by AI with 99% accuracy in metadata extraction, it helps businesses set up a repository in 5–7 days and workflows in just 2–3 weeks. Security is assured with AICPA SOC 2 compliance and ISO 27001:2013, ISO 27018 certifications, while seamless integrations make it easy to manage both new and legacy contracts.
The platform also offers customizable AI workflow, automated renewal alerts, and advanced search for faster drafting, reviewing, and signing. Built with insights from over 150 legal professionals, HyperStart CLM is designed to meet the demands of both legal and business teams. These capabilities, along with its accuracy and speed, are why it tops our list of leading contract lifecycle management tools.
Key Features Of HyperStart CLM
Pros Of Using HyperStart CLM
Cons Of Using HyperStart CLM
Ironclad is an AI-powered contract lifecycle management software that helps organizations cut contract handling time significantly. Businesses report efficiency gains of up to 80%, thanks to AI features such as automated data tagging, redline suggestions, and clause flagging. These functions accelerate reviews and improve contract turnaround time.
Built with security in mind, Ironclad is SOC 2 Type II compliant and certified under ISO 27017 and ISO 27018, ensuring strong data protection. It streamlines the contract management lifecycle software process, making it faster and safer for both legal and business teams.
Key Features Of Ironclad
Pros Of Using Ironclad
Cons Of Using Ironclad
SpotDraft is a full-scale contract lifecycle management software designed for both legal and business teams. It allows users to create contracts in just minutes by filling in basic details, after which the draft is ready for redlining and negotiation.
The platform connects seamlessly with CRMs, HR integration, eSignature tools, and cloud storage services, making it a flexible option for organizations that want an integrated contract lifecycle management system. This broad connectivity ensures contracts are part of a unified workflow across departments.
Key Features Of SpotDraft
Pros Of Using SpotDraft
Cons Of Using SpotDraft
LinkSquares is an end-to-end contract lifecycle management software that guides documents from initial draft through signature in one streamlined platform. It improves visibility, making it easier for both legal and business teams to oversee contracts.
The system integrates smoothly with tools like Microsoft Word and Salesforce contracts, allowing teams to draft in familiar environments while still managing everything centrally. With strong onboarding and responsive support, LinkSquares is often chosen by companies looking for quick adoption of CLM technology.
Key Features Of LinkSquares
Pros Of Using LinkSquares
Cons Of Using LinkSquares
Juro brings every step of your contracting process into a single platform. This contract lifecycle management software uses advanced AI to help teams draft, summarize, and review agreements up to ten times faster than manual work.
With more than 5,000 integrations, Juro creates a truly connected workspace. It currently manages over one million contracts for leading global companies, showing why it stands out as one of the most flexible contract lifecycle management tools available.
Key Features Of Juro
Pros Of Using Juro
Cons Of Using Juro
Icertis is a generative AI-driven contract lifecycle management software designed for enterprise-scale organizations. Built on Microsoft Azure, it empowers businesses to manage agreements securely while accelerating how smart contracts are created, negotiated, and analyzed.
With Icertis Contract Management, companies gain speed and adaptability across the entire cycle. Its AI-powered data structuring delivers actionable insights, ensuring every contract generates measurable value. For enterprises seeking scalability, it stands out as a trusted best contract lifecycle management software option.
Key Features Of Icertis
Pros Of Using Icertis
Cons Of Using Icertis
Agiloft is a leading contract lifecycle management software with an impressive implementation satisfaction rate close to 100%, highlighting its reputation in the market.
The platform provides no-code customization, enabling users to adapt workflows without heavy technical support. With more than 1,000 integrations available, it supports seamless collaboration across departments. Its advanced dashboards help transform contractual data into insights that drive business expansion, positioning it as a strong contract management suite for organizations of all sizes.
Key Features Of Agiloft
Pros Of Using Agiloft
Cons Of Using Agiloft
When contract management feels slow and complex, DocuSign CLM is a trusted solution. This contract lifecycle management software simplifies processes by automating workflows, reducing risks, and unlocking the true value of agreements.
The drag-and-drop contract editor allows teams to design, draft, and finalize agreements with ease. By identifying process bottlenecks and streamlining approvals, DocuSign CLM accelerates the entire contract lifecycle management process, taking documents from first draft to execution efficiently.
Key Features Of DocuSign CLM
Pros Of Using DocuSign CLM
Cons Of Using DocuSign CLM
Conga CLM is a trusted contract lifecycle management software used by well-known enterprises like Sony, Adobe, and Hilton. Businesses report up to a 45% boost in contract accuracy and a 42% improvement in overall process efficiency with this platform.
When adopting Conga, users also gain access to full support services through Conga’s technical team, community, and professional services, ensuring smoother onboarding and long-term success. Its reputation makes it a strong choice in the CPG contract management space as well as for large enterprises across industries.
Key Features Of Conga CLM
Pros Of Using Conga CLM
Cons Of Using Conga CLM
Evisort is a powerful contract lifecycle management software that uses AI to automate complex contracting tasks and provide instant clarity on contract-related questions. Recognized as a Customer’s Choice CLM in Gartner Peer Insights “Voice of the Customer” 2023, it has become a trusted option for businesses seeking advanced automation.
With Evisort, contract data stays connected across enterprise systems, supporting collaboration on a larger scale. This makes it a strong contract lifecycle management best practices tool for companies aiming to integrate AI-driven insights into daily operations.
Key Features Of Evisort
Pros Of Using Evisort
Cons Of Using Evisort
The features of a contract lifecycle management software platform vary depending on its scope, modules, and business use cases. Still, leading vendors consistently provide a set of functions that define the standard for effective contract management:
While features set the foundation, they are only one part of choosing the right system. In the next section, we’ll explore how to evaluate the best contract lifecycle management software for your organization.
Selecting the right contract lifecycle management software is crucial to unlocking its full value. Follow this five-step process to make sure the system you choose aligns with your business needs:
Regular feedback after implementation ensures the tool continues to meet both legal and business expectations, maximizing long-term benefits.
At MOR Software, we know contracts sit at the heart of every business relationship. Managing them efficiently requires more than generic tools. That’s why we deliver tailored contract lifecycle management solutions that combine automation, security, and flexibility.
We’ve partnered with global enterprises to modernize the way they draft, negotiate, and track contracts. Our certified experts design systems that reduce manual effort, speed up approval cycles, and improve compliance without adding complexity.
What sets us apart:
Whether you need to centralize contracts, set up automated renewal alerts, or integrate contract data with your CRM, we build solutions that grow with your business.
Ready to simplify your contract processes? Contact us today to explore how MOR Software can deliver a smarter CLM system for your team.
The right contract lifecycle management software helps businesses streamline drafting, approvals, renewals, and compliance while reducing risks and delays. At MOR Software, we design CLM solutions tailored to your workflows, integrated with systems like Salesforce, and built to scale as you grow. Ready to take control of your contracts? Contact us today and let our experts build a smarter CLM system for your business.
What is contract lifecycle management software?
Contract lifecycle management (CLM) software is designed to automate and manage contracts at every stage of their lifecycle. It covers initiation, drafting, review and workflow management, negotiation and approval, signing, compliance tracking, ongoing monitoring, and eventual renewal or closure.
What is the difference between CLM and CMS?
A content management system (CMS) primarily organizes and publishes documents or digital content, often with limited reporting features. In contrast, a CLM system provides deeper analytics to monitor contract performance, assess risks, and ensure compliance, giving businesses greater control over contract outcomes.
What is the legal CLM system?
For legal teams, a CLM system acts as a centralized intelligence hub. It helps analyze clauses, flag potential risks, and recommend actions to reduce exposure. By automating contract workflows and compliance checks, it enables legal departments to work more efficiently and proactively.
Is CLM a CRM tool?
No. CRM systems focus on building and managing customer relationships, while CLM solutions handle the entire contract lifecycle. Studies reveal that many companies mistakenly treat CRM and CLM as the same, but each plays a distinct role in driving business growth.
How to implement CLM?
Effective CLM adoption involves several steps, including testing workflows before launch, providing role-specific training, embedding in-platform guidance, maintaining real-time communication during changes, promoting underused features, and tracking adoption rates to measure return on investment.
What is the CLM process flow?
The CLM process flow spans multiple activities: drafting contracts, negotiating terms, obtaining approvals, executing agreements, tracking performance, and ensuring compliance. Together, these steps optimize contract management from creation to renewal.
How does CLM work?
CLM works by giving organizations complete visibility into their contracts. It tracks progress from drafting and negotiation through approval and renewal, helping avoid missed deadlines, reduce risks, and ensure contracts are executed on time.
What is CLM automation?
CLM automation streamlines contract management by handling repetitive tasks across the lifecycle. It automates initiation, drafting, workflows, approvals, signing, compliance monitoring, and renewals, reducing manual effort while increasing accuracy and efficiency.
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