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Top 4 Free Contract Management Software
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Top 4 Free Contract Management Software

Top 4 Free Contract Management Software
5 (100%) 3 ratings

Contracts Management Software are designed to enhance efficiency in contract initiation, negotiations and administration through the digitization of processes. Most Contracts Management Software products simply improve efficiency by capturing and organizing contracts between negotiating parties. Other Contracts Management Software products manage every part of the contract including communication, negotiations of terms, the closing of the deal and the fulfilment of the contract.

The best Contracts Management Software products provide full control to suppliers. They also give suppliers a better understanding of the contracts they have allowing them to forecast different contract-related events and to manage them better when they eventually occur. Contracts Management Software are crucial for the effective administration of workflows. They are the solution needed for streamlining the interactions between legal, sales, finance, and sourcing/ procurement departments within and between businesses.

Contracts Management software also minimize the need for follow-ups as they automate everything. Different Contract Life cycle Management (CLM) systems exist for different purposes. Some CLM systems are simple and involve only the administration of vendor contracts, while other CLM systems are more comprehensive and include accounting, sourcing and even payment capabilities.

At the very least, one can expect a CLM software system to have a host of compliant systems, processes and capabilities including easy-to-use contract initiation/ creation processes, a contract management dashboard, traceable authorization processes, document filing systems and book-keeping systems.

Examples of Free Contract Management Software: Concord Free, OneSoft Connect, ContractSafe Free Edition, Agiloft Free Edition are some of the best examples of Free Contract Management Software.

You may like to read: Top Contract Lifecycle Management Software and How to Select the Best Contract Lifecycle Management Software for Your Business

What are Contract Management Software?

Compliant Contracts Management software products are those built to meet industry and government regulations. Compliant contracting software is required to avoid contractual issues and having problems with the authorities.

Contract initiation capability is at the heart of every good Contracts Management product. After all, there would be no contract lifecycle without contract initiation. A contract administration/ management dashboard is basically a messaging and notification dashboard with details and multiple functionalities required for proper contract negotiations.

Most contractual terms need to be approved by multiple parties. The best Contracts Management products include a traceable authorization capability that notifies the individuals involved of what is required of them, helping speed-up the negotiation process.

Contract Life cycle Management document filing tools basically enable the filing of all contractual documents in a safe online location. Book-keeping tools allow for easy financial forecasting and fund management.

Some of the potential benefits a user can expect from a robust Contract Life cycle Management system include: a simplified contract negotiations process, easy contract maintenance, conveniently renewable contracts, faster buy-cycles and enhanced financial forecasting and planning.

By buying a Contracts Management system, an organization also gets access to communication and notification functionalities that enable the capability to foresee problems and to quickly rectify situations that may bring the contract to a halt.

Contract Life cycle Management products are also required for faster sourcing, faster acquisition processes and better-quality funds management. There are two main types of deployment. Some Contracts Management systems are hosted on a vendor’s servers while others are bought as a package for a one-time payment. Those hosted on a vendor’s servers are usually paid for on a monthly or annual basis and can be accessed remotely via computers. While those Contract Life cycle Management standalone software are usually only accessible on the computers where they were installed.

Top Free Contract Management Software

Concord Free, OneSoft Connect, ContractSafe Free Edition, Agiloft Free Edition
Free Contract Management Software
PAT Index™
 
 
 
 
1

Concord Free

Concord is a platform designed to provide contract management solutions to its users. It offers a powerful yet simplified platform that has changed the way people create, sign, and file contracts, without the need of doing manual contract management ever again. What companies use Concord for in most of the…

Overview
Synopsis

Concord is a platform designed to provide contract management solutions to its users. It offers a powerful yet simplified platform that has changed the way people create, sign, and file contracts, without the need of doing manual contract management ever again.

Category

Contract Management Software Free

Features

• Summary Sheets: See a document’s description, tags and folders, signees, lifecycle information, financial information, audit trail, and other key clauses at a glance
• Advanced access control (admin oversight, custom roles, access rules, user groups)
• Google Drive, Dropbox Integrations
• e-Signatures are used to execute all types of agreements, including vendor transactions, sales contracts, HR agreements
• Discussion Panel: Simplify the collaboration process by communicating with colleagues, customers, and third-parties directly through Concord
• Subsidiary management

Price

• Free

Company

Concord

What is best?

• Advanced access control (admin oversight, custom roles, access rules, user groups)
• Google Drive, Dropbox Integrations
• e-Signatures are used to execute all types of agreements, including vendor transactions, sales contracts, HR agreements

What are the benefits?

• Online editing: Eliminates the email back-and-forth and tedious Word or PDF document import and export
• Organized: Previous document versions are automatically saved in chronological order and color-coded to show who made specific changes
• Unlimited: Store as many documents as needed on Concord’s secure servers, and access them at anytime from anywhere

Bottom Line

With Concord’s comprehensive contract lifecycle management, improve collaboration and achieve flawless compliance, reduce costs, and increase revenue.

9.5
Editor Rating
8.4
Aggregated User Rating
3 ratings
You have rated this

Concord Free

2

OneSoft Connect

OneSoft Connect is a business management application that helps companies organize customers, relationships, people, and projects. All functions and features are available through a standard web browser, with no other software or downloads necessary. OneSoft Connect can be deployed in the cloud or on-premise. There is no need to install…

Overview
Synopsis

OneSoft Connect is a business management application that helps companies organize customers, relationships, people, and projects. All functions and features are available through a standard web browser, with no other software or downloads necessary.

Category

Contract Management Software Free

Features

• Ready-to-use, very easily customizable templates of forms
• Predefined datasheets for essential business needs
• Overview of contracts and orders
• Reminders: Watch important dates & terms and stay reminded
• Data centers provide professional physical data security
• Overview of customer activities, full history

Price

• Free

Company

OneSoft Connect

What is best?

• Predefined datasheets for essential business needs
• Overview of contracts and orders
• Reminders: Watch important dates & terms and stay reminded

What are the benefits?

• Backup: Data will be kept safe in a private cloud and backed up regularly
• Integrated: Possibility to expand with other solutions by OneSoft Connect
• Cloud: Application is instantly ready to use in the browser, requires zero installation

Bottom Line

OneSoft is an easy to use, highly customizable business management software for small to medium sized businesses and industries.

9.2
Editor Rating
7.6
Aggregated User Rating
3 ratings
You have rated this

OneSoft Connect

3

ContractSafe Free Edition

ContractSafe is a cloud-based content management system (CMS) suitable for businesses of any size. Key features include document management, contract management, key date alerts, permissions and reporting and analytics. ContractSafe includes automatic Optical Character Recognition (OCR) functionality which enables all documents to be searchable. The solution includes customizable tagging, enabling…

Overview
Synopsis

ContractSafe is a cloud-based content management system (CMS) suitable for businesses of any size. Key features include document management, contract management, key date alerts, permissions and reporting and analytics.

Category

Contract Management Software Free

Features

• Centralized document storage
• User roles & permissions management
• Contract Speed Search with automatic OCR: Search any document from anywhere - even the scanned ones
• Dual Factor Authentication
• Share / limit access by Document Folder
• Single sign-on integration
• Automatic date reminders

Price

• Free

Company

ContractSafe Free Edition

What is best?

• User roles & permissions management
• Contract Speed Search with automatic OCR: Search any document from anywhere - even the scanned ones
• Dual Factor Authentication

What are the benefits?

• Fast: Find contracts and key terms in seconds with Google-like keyword searching
• Secure: All data and passwords encrypted with Advanced Encryption Standard (AES) 256-bit encryption
• Associate related documents with a contract, either by uploading another document or by linking the contract to another file in the system

Bottom Line

ContractSafe is a cloud-based contract management software which offers secure centralized document storage, automated key date reminders, document search and filtering with automatic OCR.

8.1
Editor Rating
8.6
Aggregated User Rating
2 ratings
You have rated this

ContractSafe Free Edition

4

Agiloft Free Edition

Agiloft is a contract and document management software designed with additional business applications. These include integrated applications like help desks, customer service, self-service, etc. Agiloft is the platform that brings agility as well as control to even the most difficult business processes and task workflows. Agiloft gives a highly versatile…

Overview
Synopsis

Agiloft is a contract and document management software designed with additional business applications. These include integrated applications like help desks, customer service, self-service, etc.

Category

Contract Management Software Free

Features

• Complete Audit Trail: Automatically create a full audit trail for every contract
• Built-in OCR: Automatically convert image files such as JPG, PNG, or PDF into fully searchable text documents
• Fine-grained security permissions
• One-click Contract Creation
• Automatic Redlining: Eliminate the problem of rogue edits slipping by unnoticed
• Flexible Approval Workflows
• Configurable Tables and Forms

Price

• Free

Company

Agiloft Free Edition

What is best?

• Built-in OCR: Automatically convert image files such as JPG, PNG, or PDF into fully searchable text documents
• Fine-grained security permissions
• One-click Contract Creation

What are the benefits?

• Eliminate approval bottlenecks with automatic notifications and one-click email approvals
• Keep contracts at your fingertips: Find any contract or clause in an instant with full text search of contracts and attached files
• Gain actionable insight: Automatic alerts will keep up with every renewal opportunity, every time

Bottom Line

Use Agiloft's proven Contract Management Suite to automate the complete contract lifecycle, streamline approval process, and integrate contract information into related business processes.

7.5
Editor Rating
8.7
Aggregated User Rating
2 ratings
You have rated this

Agiloft Free Edition

You may like to read: Top Contract Lifecycle Management Software and How to Select the Best Contract Lifecycle Management Software for Your Business

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About The Author
imanuel