Top 20 Enterprise Contract Management Solution Companies - 2020
Contract management has become an integral part of modern enterprises. From a mere back-office conversation of yesteryear to digital contract management, it has come a long way and continuing to upgrade in-line with the advancement in technologies.
As businesses look to improve workflow efficiency, automate manual processes, reduce legal risks, and ensure compliance, modern digital contract management is paramount. Contract management is evolving alongside the growing business needs and incorporating the latest technologies such as AI, machine learning and automation, and capitalizing on innovations within analytics and data management.
Contract management software is moving toward simple and easy systems that allow seamless collaboration among various stakeholders to draft custom contracts rapidly. Furthermore, contract management systems will automate the entire contract process where signatures can be applied electronically, and supervisors are reminded to review and sign contracts through alerts. The modern-day ECMs leveraging machine learning, AI, automation, and cloud, enable organizations to be eco-friendly besides enhancing customer satisfaction and increasing revenue with faster signing and implementation of contracts. Contract management systems are also evolving on the data privacy front, which is of utmost importance in the wake of increased data breaches.
As innovative technologies take centerstage and profoundly impact the ECM arena, there is a wide variety of enterprise contract management technology and service providers entering the industry with a set of advanced and integrated offerings. To help companies manage the whole contract lifecycle effectively, CIOReview has compiled a list of “20 Most Promising Enterprise Contract Management Solution Providers & 10 Most Promising Enterprise Contract Management Consulting/Services Companies - 2020” that are transforming the contract management arena with their disruptive offerings. This edition also features insights from thought leaders on the latest industry trends, innovations and best practices.
We present to you CIOReview’s “20 Most Promising Enterprise Contract Management Solution Providers - 2020.”