20 Most Promising Enterprise Contract Management Solution Providers - 2015

Business contracts were traditionally record keeping instruments that chronicled the terms and conditions for service providers and their clients. Modern day enterprises are implementing contract management strategies to secure contract storage and augment their overall operations. Contract management today encompasses different aspects of vendor relationship management, facilitated by industry specific solutions.

Enterprise Contract Management systems (ECM) have gradually emerged as a scalable alternative for organizations that are still stuck with spreadsheet systems, shared drives, and paper based contract management. Modern enterprises are leveraging both on-premise and cloud versions of the ECM software to streamline and monitor their contract lifecycle management processes.

Shorter contract cycles, litigation proofing, minimal compliance breaches and lower instances of contract term violations are the key benefits of implementing an ECM solution. The solutions also feature multiple service level agreements to ensure buy side and sell side adherence to service standards. With a wide array of solutions to choose from, the CIOs are having a tough time zeroing in on a suitable solution. To address their requirements, CIOReview presents “20 Most Promising Enterprise Contract Management Solution Providers 2015.”

A distinguished panel comprising of CEOs, CIOs, VCs, analysts, and our editorial board have compiled this list of top contract management solution providers. The companies featured here provide a look into how their solutions equip the enterprises to set the benchmark in a competitive marketplace.

In our selection process, we looked at the vendor’s capability to provide cost-effective and flexible solutions that add value to the contract management services landscape. We present to you 20 Most Promising Enterprise Contract Management Solution Providers 2015.

Company Name

Company Description

Advanced Software Concepts ACS' flagship ASC Contracts contract management software solution provides buy-side and sell-side contract management and contract lifecycle capabilities.
Agiloft Agiloft is the provider of adaptive web-based business process management solutions for organizations of all sizes.
Apttus Delivering category-defining Quote-to-Cash software built on the Salesforce App Cloud.
Ariba A business commerce network helping companies extend their business commerce processes.
Astreya Offers an innovative approach to amplified enterprise productivity and employee satisfaction.
CobbleStone Systems Corp. The company designs, develops and markets Contract Management Software systems and associated solutions to customers spanning the globe.
Corridor Company, Inc. With a business application platform that provides solutions for Proposal, Contract and Supplier Management, the company’s solutions enable customers to create proposals and contracts more efficiently.
Coupa Software Coupa Software provides transformational business solutions assisting organizations to gain visibility into purchase orders, spend and total savings over a contracts lifecycle.
Determine, Inc. Determine is a global provider of SaaS enterprise contract lifecycle management, strategic sourcing, supplier management, and procure-to-pay solutions.
Epiphany Epiphany offers e-Contracts, an end-to-end contract management solution to effectively manage contract entitlements, usage, software licenses, warranty costs and renewals, in turn boosting profitability.
Icertis The company's flagship product, Icertis Contract Management (ICM) manages sell-side, buy-side, and corporate enterprise contracts by leveraging the power of the cloud.
Ivalua Inc. Ivalua offers solution with highly configurable functionality across major procurement and finance processes, including performance and risk tracking,sourcing, contracts, procure-to-pay, invoice automation and analytics.
Novatus, Inc. Novatus provides contract management solutions and exemplary customer support which results in measurable, positive business impacts for their clients.
Revitas Inc. Revitas helps organizations accelerate revenue through diverse, multi-level sales channels, by delivering enterprise-class solutions that tailor channel management and contract management to the needs of the business.
SciQuest The company provides a suite of cloud-based spend management solutions which are modeled like an e-commerce platform, offering several options for Contract Lifecycle Management.
Seal Software Seal Software is the provider of contract discovery, extraction and analytics solutions, which enables companies to effectively manage their contract portfolio.
SecureDocs A provider of contract management software, ContractWorks, which simplifies the whole process of contract management, document management, and business practices.
SpringCM The company provides unparalleled visibility in managing contracts through its cloud based platform.
UnitedLex Provides unparalleled solutions resulting in risk mitigation, efficiency improvements and cost optimization.
Vistar Technologies Provides end-to-end contract management, credentialing and network data management including pre-contract, contract renewal negotiations and reporting on all data elements from the contracting process.