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Which Contract Management Software Is Best? Ranking Overview

Published on: 2019-05-17

  Which contract management software is better? What does the ranking look like? Contract management software is centered on contracts and uses processes to connect various modules, establishing a unified and shared contract information management platform. It is essential software for internal enterprise management.


Contract Management Software


  Because there are many contract management software products on the market, enterprises should not only choose according to their own needs, but also pay attention to the following points:
  1. Whether it has reminder and tracking functions
  Most contract software can track contract dates, but not all allow users to customize reminders, tracking, and analysis of contract terms. For example, Qiweiyun has such functions. For instance, if you want to know whether a contract has expired or whether it is still valid, all of this can be automatically summarized through various key indicators so that contract dynamics can be grasped in time.
  2. Whether it has mobility
  With the development of the internet era, whether mobile application can be realized has been listed by enterprises as one of the primary usage factors. Contract management software such as Qiweiyun can monitor contract progress anytime and anywhere on WeChat, conduct process approval, support simultaneous operation on both PC and mobile ends, and provide comprehensive contract tracking for the whole process from contract signing, execution, invoicing, and payment collection.
  3. Whether it supports search and lookup
  As enterprises continue to develop, there will be more and more contracts. If they cannot be searched with one click, it will waste a great deal of manpower and resources, and the software itself will not be very useful. In addition to querying key information, Qiweiyun also supports fuzzy search functions.
  4. Choosing a reliable supplier
  An enterprise's budget is limited. If an enterprise develops contract management software by itself, it may cost a lot of money, and for enterprises without a technical background, development is not an easy matter. Therefore, choosing a reliable third-party service provider, such as Qiweiyun, is very important. In addition to meeting the above functions, it also supports CRM customer association, realizing full-process customer management from leads, visits, and business opportunities to contracts and maintenance. At the same time, it can help enterprises track and manage contract receipts and invoicing information, assist various execution departments and positions in planning and implementing contract payment collection work, and make contract payment execution status clear at a glance, so there is no longer any need to flip through account books, thereby improving office efficiency.
  5. Whether a trial is available
  Generally speaking, if users are allowed to try and the vendor dares to accept user trials, it proves that the product software is relatively reliable and can be considered for purchase.

  Therefore, in choosing contract management software, in addition to the above points, the more important thing is to determine it according to the development needs of the enterprise itself.


Contract Management Software


  Contract management software ranking:
  No. 1: Foreign contract management software
  Examples include Emptoris Contract Management, Oracle Project Contract Management, and SAP Contract and Performance Management. Foreign contract management systems have rich functions, complex applications, and are also very expensive, making them suitable for some large group enterprises or multinational corporations with complex businesses.
  No. 2: Domestic contract management software
  At present, domestic enterprises listed purely for management systems include Inspur, Newgrand, and others. These enterprises were among the earliest in China to get involved in management systems and have a good reputation and resources. Of course, there are also some rising-star enterprises such as Youwei Contract Management System.
  Youwei Contract Management System is centered on contracts, with contract texts, contract approval, contract execution, receipt and payment management, early warning reminders, and statistical analysis as its core applications. It uses processes to connect various modules and establish a unified and shared contract information management platform.
  No. 3: SaaS contract management software
  The contract management systems mentioned above are mainly realized based on local deployment, whereas SaaS is based on the public network and has become popular in recent years. All software functions are operated and maintained by the software vendor, and users only need to register to log in and use them. The implementation cost is extremely low. The main user group consists of small and micro enterprises with relatively simple businesses that want to realize informatization. Pure SaaS contract management software is relatively rare in the market. At present, a known example is Caiwu Wuyou, which is a SaaS-based contract and reimbursement management software used for enterprise contract management and reimbursement management.
  The above is an introduction to contract management software,and enterprise economic dealings are mainly conducted in the form of contracts. Therefore, how an enterprise operates is directly related to contract management. Enterprises must attach importance to contract management.
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