Features of Contract Management Software

With contract management software, you can manage contracts, automate contract management, and more. However, the details included in various contract management software solutions can be confusing. This article is dedicated to providing seven solid features that you can and should expect before you spend a dime.

Here is a list of features that we will look at in this article:

1. Contract management

2. Contract creation

3. Contract Storage

4. Contract Management

5. Contract Negotiation

6. Contract Payment Service

While there are many other features in contract management software solutions, this article is only meant to provide an overview of anyone considering purchasing this type of software. 

Contract management

Contract management is the management of all aspects and phases of all contractual agreements, including the creation of certified technical contracts in accordance with legal guidelines, inventory categorization and systematization in contracts, etc. 


Contract drafting is all about contract drafting from idea and discussion to completion. Contract management software allows users to automate this process on legally binding agreements and changes to contracts in the form of amendments if required.

Contract Storage

Contractual storage is quite understandable. Users can collect, collect and store all contracts in one system. Contract management software provides a contract storage system for proper record keeping.

Contract Payment Service

Contract payment services include negotiating payment terms, determining payment methods, and tracking payments from contract initiation to payment settlement. The contract management software maintains an ongoing service related to the processing of fees owed to partners during the contract period.