Top 20 Enterprise Contract Management Solutions Companies - 2022

For any business, constantly adapting to shifting consumer demands and keeping pace with marketplace is of utmost importance in order to find success. But this needs an ongoing commitment to process improvement on a daily basis—of which contract lifecycle management is at the center. With a more nimble contract lifecycle management process, organizations are looking to eliminate slow-moving manual procedures and are trying to clear the way for efficient policy updates, contingency hiring or other operational challenges.

In view of this industry backdrop, the contract lifecycle management market is expected to reach $2,413.9 million by 2029, growing at a CAGR of 12.2 percent from 2022 to 2029. The market growth can be primarily attributed to the growing inclusion of natural language processing software into contract lifecycle management, which allows companies to review large numbers of existing agreements in an instant, so they can uncover and optimize outdated or risky language with minimum manual effort.

Staying ahead of these transformative strides in the industry, the latest edition of CIOReview highlights the key developments in the contract lifecycle management industry that are augmenting business operations across various sectors. It features thought leadership articles from Steve Harris, SVP, Chief Ethics and Compliance Officer, Lincoln Financial Group who talks about the importance of tech suites in building a robust compliance program including risk assessments, managing regulatory changes, and devising new business contract policies to ensure a solid business reputation. It also features opinions from Phil Morgan, Sr. Director, Head of Global Strategic Sourcing and Procurement Operations, Electronic Arts, who highlights how in today’s digital age, information technology can be a reciprocal business partner and trusted advisor to procurement.

In addition to these critical insights from industry experts, the edition also brings forth the best in class contract lifecycle management solutions from the most promising companies on the rise, including Evisort, a company offering market-defining AI solution that is helping businesses automate manual work while facilitating collaboration, and streamlining operations throughout the entire contract lifecycle, and finally empowering strategic decision-making and better business outcomes.

We hope this edition will help you find the right contract lifecycle management solution provider that will empower you to foster business efficiency in the coming days.