10 Best Contract Analytics Software Shortlist
Here's my pick of the 10 best software from the 20 tools reviewed.
With so many different contract analytics software available, figuring out which is right for you is tough. You know you want to extract and interpret data from contracts more efficiently, but need to figure out which tool is best. I've got you! In this post I'll help make your choice easy, sharing my personal experiences using dozens of different contract analytics tools with various teams and departments, with my picks of the best contract analytics software.
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Best Contract Analytics Software Summary
This comparison chart summarizes pricing details for my top contract analytics software selections to help you find the best one for your budget and business needs.
| Tool | Best For | Trial Info | Price | ||
|---|---|---|---|---|---|
| 1 | Best contract analytics software driven by AI | Free demo available | Pricing upon request | Website | |
| 2 | Best contract analytics software for risk assessment | Free plan available | From $10/user/month | Website | |
| 3 | Best contract analytics software for analyzing existing agreements | Free demo available | From $20/user/month | Website | |
| 4 | Best contract analytics software for enterprises | Free demo available | Pricing upon request | Website | |
| 5 | Best contract analytics software for creating risk reports | Not available | Pricing upon request | Website | |
| 6 | Best contract analytics software for contract data extraction | Free demo available | Pricing upon request | Website | |
| 7 | Best contract analytics software for 360-degree contract visibility | Free demo available | Pricing upon request | Website | |
| 8 | Best contract analytics software for various company departments | Free demo available | Pricing upon request | Website | |
| 9 | Best contract analytics software for easy adoption | Free demo available | Pricing upon request | Website | |
| 10 | Best contract analytics software for revenue loss analysis | Not available | Pricing upon request | Website |
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Prisync
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.7 -
Expedite Commerce
Visit Website -
QuickBooks Online
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4
Best Contract Analytics Software Review
Below are my detailed summaries of the best contract analytics software that made it onto my shortlist. My reviews offer a detailed look at the key features, pros & cons, integrations, and ideal use cases of each tool to help you find the best one for you.
HyperStart is a contract management software that helps teams manage contracts from creation to execution with an AI-powered platform. It enables you to create, negotiate, and store contracts in one place, reducing errors and making contract management faster.
Why I picked HyperStart: It offers AI-driven metadata extraction, which pulls relevant data from contracts automatically. You can track version changes, get insights into approval timelines, and easily spot bottlenecks. Its dashboard turns contract data into actionable insights, helping your team understand contract performance at a glance.
Another valuable feature is the contract renewal tracking system, which ensures that your team never misses critical deadlines. Automatic reminders for renewals, combined with detailed analytics on contract lifecycles, make it easy to manage ongoing obligations.
HyperStart Standout Features and Integrations
Standout features include contract templates, real-time notifications, clause libraries, version control, user permissions, custom dashboards, key date tracking, integration with e-signature tools, automatic contract renewals, contract status tracking, and reporting tools.
Integrations include Gmail, Salesforce, Microsoft SharePoint, Google Drive, DocuSign, AdobeSign, One Drive, Slack, and Microsoft Outlook.
Pros and cons
Pros:
- Automatic contract renewals
- AI-assisted contract review and redlining
- Template-based contract creation
Cons:
- Configuration to specific needs can be complex
- No mobile app
DocuSign Contract Analytics is a product offered by DocuSign, an electronic signature software. It employs artificial intelligence and machine learning techniques to automatically review, extract, and understand contract terms and clauses.
Why I picked DocuSign Contract Analytics: The risk assessment feature of DocuSign Contract Analytics helps evaluate and categorize the level of risk associated with specific clauses or terms within contracts. This functionality is valuable for businesses and legal departments because it helps them identify potentially problematic or non-standard clauses requiring further attention or negotiation.
It enables users to gain insights into the overall risk profile of their contract portfolio and make informed decisions about negotiations, compliance, and risk mitigation strategies.
DocuSign Contract Analytics Standout Features and Integrations
Standout features include customizable reporting and dashboard features that enable users to learn about their contract portfolio, track contract performance, and compliance.
Integrations are available with 400+ apps, including Salesforce, Zoom, Google, Oracle, SAP, Apple, Stripe, Workday, ServiceNow, and Microsoft Outlook. You can also get additional integrations through Zapier and API.
Pros and cons
Pros:
- Easy to use
- Provides real-time document signing
- Integration with MS Word
Cons:
- No free trial/plan available
- Pricing details are not transparent
Evisort
Best contract analytics software for analyzing existing agreements
Evisort is a contract analysis software that empowers enterprises and growing companies to manage and analyze their contracts.
Why I picked Evisort: The best aspect of Evisort is that it helps analyze existing agreements. Evisort's AI-powered contract analytics enables efficient analysis of historical data. It can scan and assess 100 contract types, tag, store, and analyze contract categories.
Additionally, Evisort looks at current agreements and suggests the best words to use and alternatives to help businesses make better deals.
Evisort Standout Features and Integrations
Standout features include the document editor that allows businesses to create and negotiate contracts. You can use it to create contracts from scratch or use their pre-built contract templates.
Integrations include Salesforce, ServiceNow, Google Drive, Microsoft OneDrive, Microsoft SharePoint, Box, Dropbox, Amazon S3, Adobe Sign, and DocuSign. You can also get additional integrations through Zapier and Evisort API.
Pros and cons
Pros:
- Easy to use
- Customizable alerts and notifications
- AI-powered contract analytics
Cons:
- No mobile app
- Pricing details are not transparent
Icertis is a contract management and analytics software for enterprises.
Why I picked Icertis: Icertis provides all the tools enterprise businesses require for contract analysis. This full-featured analytics solution provides key insights related to contract cycle times, savings, deviations, risks, expiry, and renewal statistics.
Icertis also offers several compliance tracking tools that help enterprises ensure compliance. For example, the GDPR compliance app identifies contracts that are not compliant with GDPR. It also helps users track compliance to commitments, terms, and other obligations automatically.
Icertis Standout Features and Integrations
Standout features include intelligent contract setup. Icertis can help you with full lifecycle contract management, which includes setting contracts to authoring, approval, analytics, and other aspects.
Integrations include SAP, Microsoft, Salesforce, and Workday.
Pros and cons
Pros:
- Powerful search feature
- Allows separate access for different roles
- Great customization options
Cons:
- No free plan/trial available
- Implementation and onboarding can be lengthy
Best contract analytics software for creating risk reports
Conga Contract Intelligence is an AI-powered contract analytics and contract management platform.
Why I picked Conga Contract Intelligence: Conga Contract Intelligence is the best tool for creating risk reports. It uses AI and machine learning technology to extract key data, track obligations, and alleviate risk.
The platform offers a unique advantage by allowing businesses to define their rules that specifically outline what constitutes a risk. Through the power of AI, it automatically detects these defined risks when importing third-party contracts. This leads to an immediate generation of risk scores, which are determined by how much the extracted data deviates from the established standards and acceptable clauses.
Then, it suggests alternative language and clauses. This expedites the review process and enhances the overall quality of the contract.
Conga Contract Intelligence Standout Features and Integrations
Standout features include Optical Character Recognition (OCR), which converts PDF images into a searchable document.
Integrations include Google Drive, Dropbox Business, DocuSign, Salesforce Sales Cloud, Evernote Teams, HubSpot Marketing Hub, Adobe Acrobat Sign, NetSuite, Jive, and Conga CPQ. You can also get additional integrations through API.
Pros and cons
Pros:
- Provides easy contract ingestion and analysis
- Provides automated alerts and notifications to stay on top of contracts
- Provides 360-degree contract visibility
Cons:
- Pricing details are not transparent
- OCR feature does not extract contract provisions
Kira Systems is a contract analytics software built on patented machine learning technology. Its powerful search capabilities extract important provisions and clauses from contracts.
Why I picked Kira: Kira can import documents in over 60 formats. Then, it uses a proprietary AI model to highlight and analyze key information, clauses, provisions, and data points. You can also find documents using Kira based on absence or presence of clauses, custom tags, and search URLs.
The platform's smart technology identifies risks related with regulatory and legal changes. To maintain the accuracy of Kira’s technology, it is trained by a team of expert accountants, subject matter experts, and lawyers, who have worked at prominent companies including Torys, Allen and Overy, Goodmans, KPMG, PayPal, and Bank of Montreal.
Kira Standout Features and Integrations
Standout features include the export reports feature, which allows users to create custom charts and summaries that you can share with clients and your team members.
Integrations include Intralinks, Ansarada, Bryter, Conga, HighQ, Neota Logic, Prosperoware, and SeeUnity. You can also get additional integrations through API.
Pros and cons
Pros:
- Built using patented machine learning technology
- Powerful search capabilities
- Simple user interface
Cons:
- No free trial/plan available
- Not suitable for small teams
Sirion AI is a contract lifecycle management (CLM) software that provides 360-degree visibility of your business contracts. It provides a cloud-based and centralized repository of your contracts and utilizes AI technology to digitize and assess contracts.
Why I picked SirionAI: I picked Sirion AI because it provides 360-degree visibility of your entire contract visibility. It uses AI technology to provide contract extraction, collaboration, obligation management, and contract authoring.
Its analytics functionalities include advanced contract extraction, self-learning AI, and paper remediation. These features enable users to identify missing clauses and ensure compliance.
SirionAI Standout Features and Integrations
Standout features include collaboration tools that empower teams to work more efficiently. Sirion AI also integrates with productivity tools that empower teams to collaborate on the creation and analysis of contracts. Additionally, Sirion AI’s contract drafting feature uses AI to suggest missing clauses in your contracts.
Integrations include SAP, Oracle Salesforce, Microsoft Outlook, Service Now, DocuSign, Box, AWS, Metricstream, and Beeline.
Pros and cons
Pros:
- Integrates with DocuSign
- Provides auto-contract extraction tools
- Great contract governance tools
Cons:
- No free trial/plan available
- Limited customization options
LinkSquares is an end-to-end contract lifecycle management platform that provides businesses insight into their legal documents.
Why I picked LinkSquares: Contracts are used and affect different departments of a company, such as legal, finance, and sales departments. LinkSquares enables the legal team to pull essential information from contracts and create custom reports and dashboards that can be shared and accessed by different company departments.
The Smart Values feature automatically pulls the required information, providing key insights. Additionally, you can combine Smart Values with custom reporting and search features to get quick answers to your questions without manual intervention.
For example, your finance team can use the Smart Values feature to pull renewal dates so they can complete financial obligations. Similarly, the legal team can use it to understand the contract's termination terms.
LinkSquares Standout Features and Integrations
Standout features include security features that allow users to protect their contracts and data with the help of best-in-class encryption.
Integrations include Slack, Microsoft Word, Salesforce, DocuSign, Adobe Sign, DocuSign, Adobe Sign, Google Drive, Dropbox, and OneDrive. You can also get additional integrations through API.
Pros and cons
Pros:
- Good encryption feature
- Supports popular document storage tools
- User-friendly interface
Cons:
- Pricing details are not transparent
- Steep learning curve
Lexion is a contract management tool that empowers users to gain insights into their contracts.
Why I picked Lexion: I love that Lexion is easy to set up, and your team members can start using it instantly with the help of email workflows and no-code integrations. Users can initiate tasks from within their email inbox. Additionally, you can easily collaborate with team members via email or Lexion.
Lexion's folder-based file structure and document hierarchy make navigation of the software straightforward. This way, you can store and organize your contracts within Lexion. Also, its AI functionality automatically tracks key dates of your contracts and reminds you about upcoming events, including auto-renewal, cancellation, expiration dates, etc.
Lexion Standout Features and Integrations
Standout features include the search functionality, which instantly finds the contracts that you are looking for. You can search for contracts based on auto-renewal, payment dates, expiration, and so on.
Integrations include Google Drive, Slack, Gmail, Dropbox Business, DocuSign, Microsoft Teams, Box, Microsoft SharePoint, and Dropbox Sign. You can also get additional integrations through API.
Pros and cons
Pros:
- Integration with Gmail
- AI-powered contract repository
- Easy and fast implementation
Cons:
- Pricing details are not transparent
- No free trial available
Malbek is a contract lifecycle management (CLM) software that provides tools to manage and analyze contracts, from authoring, negotiation, review, and tracking.
Why I picked Malbek: Malbek is an excellent tool for analyzing contracts for revenue loss analysis. It analyzes the contract cycle and performance to identify areas of revenue loss. It also offers suggestions to mitigate revenue loss.
Furthermore, Malbek's dashboard provides a clear overview of contract data, making navigating complex information easy. The platform's robust reporting capabilities allow for in-depth analysis and the generation of actionable insights.
Malbek Standout Features and Integrations
Standout features include a searchable and centralized repository to store and search for contracts.
Integrations are available with 30+ tools, including Microsoft Sharepoint, SAP, Salesforce, Adobe Sign, DocuSign, Microsoft Word, Microsoft Outlook, Google Drive, Dropbox, and Box.
Pros and cons
Pros:
- Offers approval workflow automation
- Provides a clause library with pre-approved language and terms
- Easy to use and operate
Cons:
- No free trial/plan available
- Pricing details are not transparent
Other Contract Analytics Software
Here are some additional contract analytics software options that didn’t make it onto my shortlist, but are still worth checking out:
- IntelAgree
Contract analytics software for compliance monitoring
- Affinitext
Contract analytics software for obligation tracking
- CobbleStone Contract Insight
Contract analytics software for businesses of all sizes
- Gatekeeper
Contract analytics software for automated reminders on contract renewals
- ContractSafe
Contract analytics software for secure, cloud-based contract storage
- Lawrina
Contract analytics software for analyzing complex contracts
- Ironclad
Contract analytics software for analyzing all contract types
- ContractNow
Contract analytics software for operations teams
- eBrevia Contract Analytics
Contract analytics software for fast-growing companies
- Model N Revenue Cloud
Contract analytics software for live sciences and high-tech companies
Contract Analytics Software Selection Criteria
When selecting the best contract analytics software to include in this list, I considered common buyer needs and pain points like managing contract compliance and improving data accuracy. I also used the following framework to keep my evaluation structured and fair:
Core Functionality (25% of total score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:
- Extracting key contract data
- Tracking contract deadlines
- Analyzing contract risks
- Managing compliance requirements
- Facilitating contract approvals
Additional Standout Features (25% of total score)
To help further narrow down the competition, I also looked for unique features, such as:
- AI-driven insights
- Customizable dashboards
- Advanced search capabilities
- Integration with CRM systems
- Automated alerts and notifications
Usability (10% of total score)
To get a sense of the usability of each system, I considered the following:
- Intuitive user interface
- Easy navigation
- Minimal learning curve
- Customizable user settings
- Responsive design for mobile use
Onboarding (10% of total score)
To evaluate the onboarding experience for each platform, I considered the following:
- Availability of training videos
- Interactive product tours
- Access to templates
- Supportive chatbots
- Live webinars for training
Customer Support (10% of total score)
To assess each software provider’s customer support services, I considered the following:
- 24/7 availability
- Multichannel support options
- Knowledgeable support staff
- Quick response times
- Comprehensive help center
Value For Money (10% of total score)
To evaluate the value for money of each platform, I considered the following:
- Competitive pricing
- Flexible subscription plans
- Transparent pricing structure
- No hidden fees
- Discounts for long-term use
Customer Reviews (10% of total score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:
- Positive feedback on functionality
- User satisfaction with support
- Ease of implementation
- Value perception by users
- Frequency of product updates
How to Choose Contract Analytics Software
It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:
| Factor | What to Consider |
|---|---|
| Scalability | Can the software grow with your business? Consider future contract volumes and whether the tool can handle increased demand. |
| Integrations | Does it work with your existing systems? Check compatibility with CRM, ERP, and other essential tools. |
| Customizability | Can you tailor it to your workflows? Assess if it allows custom fields, reports, and dashboards. |
| Ease of use | Is it user-friendly for your team? Look for intuitive interfaces that require minimal training. |
| Implementation and onboarding | How long will it take to get started? Consider the availability of training resources and support during setup. |
| Cost | Does it fit your budget? Compare pricing models and watch for hidden fees or long-term contracts. |
| Security safeguards | Are your contracts protected? Ensure compliance with data protection standards and check encryption levels. |
| Compliance requirements | Does it meet industry regulations? Verify support for specific compliance needs like GDPR or HIPAA. |
What Is Contract Analytics Software?
Contract analytics software is a digital tool used for analyzing and managing contractual documents. It employs artificial intelligence and machine learning to extract, interpret, and organize key information from contracts. This software provides comprehensive insights into contract lifecycles and terms, obligations, compliance, and risks, and integrates with existing contract management systems for enhanced functionality.
Features
When selecting contract analytics software, keep an eye out for the following key features:
- Automated data extraction: Automatically pulls key information from contracts, saving time and reducing manual errors.
- Compliance tracking: Monitors contracts for adherence to industry regulations, helping to avoid penalties.
- Risk analysis: Identifies potential risks in contracts to help mitigate issues before they arise.
- Customizable dashboards: Allows users to tailor the interface to their specific needs, improving usability.
- Integration capabilities: Connects with existing systems like CRM and ERP, ensuring a seamless workflow.
- Search functionality: Provides advanced search options to quickly find specific contract details.
- Alerts and notifications: Sends reminders for critical dates and tasks, ensuring nothing is missed.
- User-friendly interface: Offers an intuitive design that requires minimal training, enhancing user adoption.
- AI-driven insights: Utilizes artificial intelligence to provide actionable insights from contract data.
- Security measures: Protects sensitive contract information with encryption and compliance with data protection standards.
Benefits
Implementing contract analytics software provides several benefits for your team and your business. Here are a few you can look forward to:
- Time savings: Automated data extraction and alerts reduce manual work, freeing up your team's time.
- Improved compliance: Compliance tracking ensures contracts meet regulatory standards, reducing the risk of penalties.
- Enhanced risk management: Risk analysis features help identify and mitigate potential contract issues early.
- Better decision-making: AI-driven insights provide valuable data to inform your business strategies.
- Increased accuracy: Automated processes minimize human error, leading to more accurate contract management.
- Cost efficiency: Integrations with existing systems streamline operations, potentially lowering costs.
- User adoption: A user-friendly interface ensures quick adoption and ease of use for your team.
Costs & Pricing
Selecting contract analytics software requires an understanding of the various pricing models and plans available. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in contract analytics software solutions:
Plan Comparison Table for Contract Analytics Software
| Plan Type | Average Price | Common Features |
|---|---|---|
| Free Plan | $0 | Basic contract storage, limited data extraction, and basic search functionality. |
| Personal Plan | $10-$30/user/month | Data extraction, compliance tracking, alerts and notifications, and basic integrations. |
| Business Plan | $40-$80/user/month | Advanced search capabilities, AI-driven insights, customizable dashboards, and enhanced security. |
| Enterprise Plan | $100-$200/user/month | Full integration capabilities, comprehensive risk analysis, advanced compliance features, and premium support. |
Contract Analytics Software FAQs
Here are some answers to common questions about contract analytics software:
How do I know if my business needs contract analytics software?
If you’re dealing with a large volume of contracts or struggling with compliance and deadlines, contract analytics software can help. It automates data extraction, compliance tracking, and risk analysis, saving time and reducing errors. Consider your current challenges and if software can alleviate them.
Can contract analytics software integrate with my existing systems?
Yes, most contract analytics software can integrate with systems like CRM and ERP. This helps maintain a smooth workflow across your organization. Before purchasing, check the software’s integration capabilities to ensure it works with your current tools.
How secure is contract analytics software?
Most contract analytics software includes security measures like encryption and compliance with data protection standards. Always verify that the software meets your industry’s security requirements and ask about additional safeguards to protect sensitive information.
How long does it take to implement contract analytics software?
Implementation time varies, but many providers offer resources to speed up the process. Look for software with training videos, product tours, and support during setup. This helps your team get up and running quickly and efficiently.
What’s Next:
If you're in the process of researching contract analytics software, connect with a SoftwareSelect advisor for free recommendations.
You fill out a form and have a quick chat where they get into the specifics of your needs. Then you'll get a shortlist of software to review. They'll even support you through the entire buying process, including price negotiations.
