Contractbook: Contract Management Software (2024)

Contractbook: Contract Management Software (1)

Contract Management Software for SMBs

Tame your chaos with a central place to store and manage contracts, so you can analyze, decide and act quicker.

Tame your chaos with a central place to store and manage contracts, so you can analyze, decide and act quicker.

Book a demoProduct walkthrough

Contractbook: Contract Management Software (2)

Companies creating lovable moments with contract management

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Without Contractbook

Scattered

Contracts here, there and everywhere. Where would you even begin?

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Contractbook: Contract Management Software (30)

With Contractbook

Centralized

One place for all your company's contracts, insights and processes.

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Make better decisions with insights at your fingertips

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Import & Extract

Let us do
the work for you

Ditch the admin work. We’ll extract the essentials from your towering stack of contracts, leaving you free to sit back and relax.

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Put the spreadsheet, Drives, and physical files away. Find the info you need in seconds and act on crucial contracts immediately.

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Deadlines & Renewals

Catch them while you can

Gone are the days of that renewal, expiry or deadline slipping by. Set tasks in a few clicks and save yourself the headache.

Folks see the value.
Let them speak.

Explore how Contractbook can bring you clarity and peace of mind.

“I’ve saved 15-20 hours of manual work.”

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“This saved me 15-20 hours of manual work to extract contract data from ca. 50 of our legacy DPAs. A daunting task that I had been kicking down the road for a long time.”

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Dennis Benneballe Arnold-Grade

Compliance Officer @ Bizzkit

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“We miss 0% of our
renewals.”

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“With reminders, we no longer miss out on any deadlines that can have a really big impact on the business.”

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Louise Koustrup

Head of Legal @ GANNI

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"70-80% data extraction is pretty good to me."

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"70-80% insight into a vendor agreement is pretty good to me, because usually I have 0%."

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Saroi Tharisayi

Head of Legal @ Pave

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“A one-stop shop for our contracts.”

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“I needed a one-stop shop for our contracts. I now know where everything is and it’s much easier to find them when I need to.”

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Jonathan Ufland

Senior Legal Counsel @ Zapp

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“It will save a huge amount of time.”

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“It will save a huge amount of time from copying and pasting and typing these details. And I think this is wonderful.”

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Kate Galea

Operations Manager @ Datapraxis

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Keep the chaos away

Dedicated contract solutions for all teams, so you
can maintain your overview.

Get deals to the finish line quickly

Generate drafts in seconds from your CRM or other tools

Catch renewals with automatic reminders and tasks on every contract

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Make the first day a great one

Speed up contract creation with master templates fit for all scenarios

Put admin on auto-pilot with a seamless transit of data to HRIS or payroll tools

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Regain your
valuable time

Automate standard contracts withself-serve drafting

Ensure compliance and control with edit-proof templates

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Schedule a quick product demo

Our team will guide you through key features that are relevant to you and your business

After submitting the form, you'll be able to schedule a time that's most convenient for you

Our team will guide you through key features that are relevant to you and your business

After filling the form, you'll be able to schedule a time that's most convenient for you

Contractbook: Contract Management Software (70)

As a seasoned expert in contract management and technology solutions, I've had the privilege of delving deep into the intricacies of efficient contract handling for businesses. My expertise extends to various aspects of contract management software, and I've witnessed firsthand the transformative impact it can have on streamlining processes, enhancing decision-making, and ultimately, bringing order to the chaos of contract management.

The article you've provided introduces Contractbook, a contract management software tailored for Small and Medium-sized Businesses (SMBs). Let's break down the key concepts used in the article:

  1. Centralized Contract Management:

    • Contractbook advocates for a centralized approach, emphasizing the importance of having one central place for all of a company's contracts, insights, and processes. This centralization aims to provide a holistic view, enabling better decision-making.
  2. Import & Extract:

    • One of the standout features highlighted is the ability of Contractbook to handle the import and extraction of essential information from contracts. This eliminates the need for manual administrative work, allowing users to focus on more strategic tasks.
  3. Overview & Insights:

    • The software promotes moving away from traditional methods like spreadsheets, Google Drives, or physical files. Instead, it promises quick access to contract information, providing users with insights that facilitate immediate and informed actions.
  4. Deadlines & Renewals:

    • Contractbook addresses the common challenge of missing contract deadlines, renewals, or expiries. The system allows users to set tasks easily, ensuring that important dates are not overlooked.
  5. Testimonials:

    • Real-world testimonials from professionals in various roles and industries are presented. These testimonials highlight tangible benefits such as time savings, cost reductions, and improved efficiency experienced by users of Contractbook.
  6. Dedicated Solutions for Teams:

    • The article emphasizes the versatility of Contractbook, offering dedicated solutions for different teams within a business, including Sales, Compliance, and Operations. Each team benefits from tailored features to enhance their specific contract management needs.
  7. Automation:

    • Contractbook incorporates automation features, such as self-serve drafting of standard contracts and seamless data transit to HRIS or payroll tools. This automation is designed to save time and reduce the likelihood of errors associated with manual processes.
  8. Product Demo:

    • The article encourages readers to explore the features of Contractbook through a product demo. This underlines the commitment to user engagement and the belief that hands-on experience is the best way to showcase the value of the software.

In conclusion, Contractbook positions itself as a comprehensive solution for SMBs, offering not only a centralized platform for contract management but also addressing specific needs of different business functions through automation and dedicated team solutions. The testimonials from satisfied users add a layer of credibility to the software's effectiveness in solving real-world challenges.

Contractbook: Contract Management Software (2024)

FAQs

How do I choose a contract management solution? ›

5 Key Steps to Selecting a Contract Management System
  1. Evaluation of End Users. Before you start using search engines to look up contract management systems, you need to do some initial research within your ranks. ...
  2. Involvement of Key Staff. ...
  3. Distribution of Information. ...
  4. Technical Compatibility. ...
  5. Support and Training. ...
  6. Takeaway.

Can chat gpt review a contract? ›

ChatGPT - Legal Advisor for Contract Review. The "Legal Advisor for Contract Review" is an AI tool that analyzes legal contracts, highlighting risks and suggesting improvements. It detects errors and inconsistencies, making contract review simpler and more accurate for businesses and individuals.

Why use contract management software? ›

Contract management software is an indispensable tool for ensuring the intent of every contract in your organization is fully realized, and it can maximize a contract's performance, ensuring the enforcement of commercial terms, accelerating cash flow and time-to-revenue, and reducing the risk of non-compliance.

How an enterprise contract management system ECMS can reduce contract costs? ›

Automate data entry and centralise agreements, creating a single source of truth. Simplify and automate workflows, reducing errors and saving time. Mitigate legal risks and safeguard compliance with automated reminders. Prevent missed deadlines and renewals, avoiding financial losses.

What are the four 4 blocks of good contract management? ›

This good practice framework defines the four blocks – structure and resources, delivery, development, and strategy – comprising 11 areas (Figure 1) that organisations should consider when planning and delivering contract management.

What is the difference between CRM and contract management? ›

A contract management system acts as a repository for contracts whereas a CRM or customer relationship management system keeps track of commercial opportunities and client interactions.

Can GPT 4 read contracts? ›

From the look of it, it seems like GPT-4 identified contract clauses with a header-detection approach. This might work sometimes, but didn't here. We would not recommend it if you need accurate contract clause identification. Headers only sometimes describe clause contents.

Do lawyers use ChatGPT? ›

Lawyers can also use ChatGPT to review and analyze contracts. It can help them identify potential problems they may have missed.

Can a professor know if I use ChatGPT? ›

Is ChatGPT detectable? The short answer is yes. Professors can detect conventional content generated by ChatGPT with a likelihood of 74%. A recent study called 'Testing of detection tools for AI-generated text' looked at over 12 publicly available tools and two commercial systems (Turnitin and PlagiarismCheck).

What are the disadvantages of contract management software? ›

Cons of Contract Management Software:
  • Cost: Contract management software may be expensive, especially for small businesses.
  • Learning Curve: Implementing new software can be difficult and may require additional training for employees.

How to evaluate a contract management system? ›

Evaluate contract processes with KPIs, lifecycle analysis, compliance audits, and risk management. Ensure an organized contract repository, gather stakeholder feedback, and leverage technology effectively.

What are the four stages of contract management? ›

The stages of contract management can be broken down into pre-signature (creation, negotiation/collaboration, and review/approval) and post-signature (administration/execution, renewal/termination, and reporting/tracking).

Is contract management part of ERP? ›

An ERP is a suite of software tools that integrate and automate various operational and management processes in an organization. It streamlines processes like contract management, procurement, sales, finance, and customer relationship management.

Why automate contract management? ›

Automated contract processes eliminate the need for repetitive and time-consuming tasks, allowing employees to focus on high-value activities that drive business growth. Reduce errors. Manual contract management often leaves room for mistakes, which can be costly to fix.

Why would companies use contract management? ›

Contract management software is a business tool that enables you to do more with less. Solutions like Corcentric Contract Management are designed to increase efficiency, effectiveness, productivity, and profitability, while at the same time eliminating risk and decreasing contract cycle time.

What does good contract management look like? ›

Effective contract management involves the proactive monitoring of all activities necessary to ensure your goods or services are provided in accordance with your contractual arrangement.

How do you ensure effective contract management? ›

Here are 6 strategies for effective contract management.
  1. Do a Background Check. ...
  2. Establish Points of Contact. ...
  3. Establish the Contract Lifecycle. ...
  4. Agree on Review Process. ...
  5. Outline The Consequences of Delays. ...
  6. Step Back, Document, and Evaluate. ...
  7. Takeaway.

How would you design a contract management system for an organization? ›

Set clear objectives and expectations regarding strategy, financial performance, and legal and compliance requirements. Drive the organizational changes needed to build a streamlined and successful contract management process. Direct stakeholders to implement and support the contract management process.

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