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.”

TOP VENDORS

Top Enterprise Contract Management Companies

CobbleStone Software

At its core, Contract Insight® is highly configurable and flexible. This leading contract management platform provides users with better governance over their contracts via a user-friendly, easy-to-navigate, secure, cloud-based contract management system backed by artificial intelligence and machine learning. Contract Insight offers CIOs an exceptional opportunity to improve contract management software ROI and assure that their vendor- and sales-related contracts meet compliance standards prior to signing. Contract Insight provides the foundation wherein contract management, legal, and procurement professionals can attain utmost accountability, streamlined and transparent workflows with improved reporting and analytics, increased risk mitigation, and proactive opportunity identification

ContractSafe

A leading contract management solution provider offering a purpose-built, affordable, and easy-to-use solution ideal for companies of all sizes and industries that need to better organize their contracts. The company offers an AI-based contract management cloud solution that makes it simple to keep everything in one safe place, find contracts and provisions in seconds and stay in compliance with dates and other provisions. Its AI feature, [AI]ssistant, automatically detects key information – like the contract name, company entity, counterparty, effective date, end date, and auto-renewal information. All of this is supported with award-winning customer service

KONTRAKT

KONTRAKTwas founded on a simple premise that legal agreements should be dynamic and capable of monitoring and executing themselves instead of being static text on a piece of paper in a file ordigital folder. It transforms a static contract into one that is self-aware of the terms defined in the contract, updates itself automatically, monitors contractual obligations and provide appropriate market relevantinformation as needed in real-time.Offered as a self-intuitive, self-aware legal contract marketplace (platform) that leverages blockchain, and AI technologies, KONTRAKT’s solution design facilitates the management of contract lifecycles

TractManager

TractManager’s healthcare-specific software platform, MediTract CLM, provides complete transparency into contract assets across an enterprise, and its AI-enabled capabilities proactively identify cost reduction and risk mitigation opportunities. The company has the people and the software to ensure that healthcare organizations whether current financial challenges successfully. The company’s CLM solution is the gold standard in the marketplace, and its contract experts have more than 30 years of industry experience

Wolters Kluwer

Wolters Kluwer, a leading global provider of business intelligence, information resources, and workflow solutions is committed to helping clients improve business processes and solve complex problems. The company’s CLM Matrix, an end-to-end CLM solution, helps companies manage their contracts, trade agreements, and other important documents effectively through automated workflows. In addition, Wolters Kluwer offers professional information solutions and services in health, tax and accounting, risk and compliance, finance and legal sectors

Cost Engineering

The company's purpose is to empower organizations to improve their project performance. The integrated cost management approach Cost Engineering is applying across their software and solutions helps people and organizations complete their projects on time and within budget, maximize capital investments and stay ahead of the competition

BIS

Established in 1986, BIS solves data extraction and integration problems for organizations who demand more from their data. Headquartered in Oklahoma, BIS has achieved national recognition with a software platform called Grooper. Built-in machine learning, natural language processing, and advanced classification capabilities make Grooper a powerful data sciences and data integration platform

Cayuse

The Cayuse team is dedicated to delivering and supporting user-friendly solutions that simplify research administration so that the world’s brightest minds can focus on discovery, not paperwork. The company is passionate about serving the research community through mindful product creation, dedicated service and a commitment to improving and enriching our world

ConsenSys

ConsenSys is a blockchain company dedicated to transforming the world's digital architecture into a more open, inclusive, and secure internet of value, commonly called Web3. With a more trustworthy internet architecture, ConsenSys builds software to help individuals, enterprises, and governments unlock new business models, gain efficiencies through a shared IT infrastructure, and utilize modern cryptographic methods to safeguard private user data

Encore Business Solution

Encore Business Solutions has been committed to helping organizations drive business efficiency with innovative and modern business management solutions since 1990. The company's high performance team sells, implements, services, and supports Microsoft Dynamics ERP and CRM as well as Business Intelligence and Cloud Transformation solutions and to mid-size and expanding enterprises as a Value Added Reseller (VAR)