Procurement

Capterra Value Report: A Price Comparison Guide for Contract Management Software

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By Akriti Sharma

Published | Updated on
13 min read
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Compare pricing for top-rated contract management software tools with the highest value-for-money and functionality ratings.

We hear from software buyers time and again that price and functionality are two of their top considerations when investing in contract management software. Budget is a constraint for most businesses, but affordability alone doesn't make a product valuable—it must also offer the required functionality. 

Contract management software automates the processes of creating, tracking, and managing contracts. It helps users draft contracts, define their terms and conditions, and track milestones such as the completion or review date for a project. Contract management software pricing can range from $7 to over $700 per month. Read the buyers guide to further understand the software benefits, considerations when buying the software, and more.

In this report, we’ve ranked the top contract management software products based on user reviews: those with the highest ratings for both value for money and functionality. We’ve also included the starting price and functionality details for each product.

Contract management software with the highest value-for-money and functionality ratings

The graph below shows contract management tools that offer the best value for money and functionality according to user ratings. Products are arranged in increasing order of their value-for-money ratings (bottom to top) and functionality ratings (left to right).

Scatterplot for Contract management software with the highest value-for-money and functionality ratings

Note: While products in the top-right zone of the graph rank higher in terms of both functionality and value-for-money ratings, all products in this graph are top rated.

Price comparison for top-rated contract management software

The cost of contract management software may vary based on the number of users, features, or other factors, and comparing pricing for multiple products can be time-consuming. We’ve created a table to highlight how different contract management tools stack up against each other in terms of starting price, free trial, and freemium version—allowing you to compare these products side by side.

From the products mapped on the scatter plot above, only those with publicly available pricing information on vendor websites are listed in the price comparison table below. They are arranged in decreasing order of their combined ratings—value for money plus functionality.

Price comparison chart for Contract Management software

Note: The pricing included in this table is for the entry-level/lowest-priced offering (discounted pricing not considered) found on vendor websites as of Sep. 18, 2023.

1. Agiled

Agiled is business management software designed to help businesses manage customer relationships, invoicing, contracts, finances, payroll, projects, and employees. Its contract management module lets users automate the process of creating and tracking online contracts and sharing them with clients to get their e-signatures.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.8

Value-for-money rating

4.9

Functionality rating

4.7

Device compatibility

  • Starting price: $7.99 per user, per month (billed annually)

  • Features available at starting price: The starter pack allows users to draft contracts, renew contracts with a single click, get contracts electronically signed by clients, and download contracts in the PDF format.

  • Cost to upgrade: $11.99 per user, per month (billed annually)

  • Features available in advanced versions: In addition to the starter features, advanced versions of Agiled include a drag-and-drop contract layout editor, pre-built contract templates, and bulk send to multiple recipients.

2. Wethos

Wethos is a software solution enabling freelancers to create proposals, invoice clients, and get paid—all through the same platform. It allows freelance businesses to build and customize detailed client proposals and contracts, helping them streamline their sales function.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.7

Value-for-money rating

4.8

Functionality rating

4.7

Device compatibility

  • Starting price: $12 per month (billed annually)

  • Features available at starting price: The starter pack offers features such as an AI contract creator, customizable contract templates, e-signature support, and customized contract and proposal terms. Users can also add custom branding elements, such as logos, fonts, and colors.

  • Cost to upgrade: No higher plan available.

  • Features available in advanced versions: All the features are available at a single price.

3. SeedLegals

SeedLegals is a fundraising and legal services platform for startups and small businesses. It helps investors and founders create legal contracts and choose from a variety of pre-built customizable templates.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.9

Value-for-money rating

4.7

Functionality rating

4.7

Device compatibility

  • Starting price: $43.81* per month (billed annually)

  • Features available at starting price: The starter pack allows users to create various types of legal contracts, such as employment contracts, nondisclosure agreements, and advisor agreements. It also includes pre-built contract templates, electronic signatures, customizable contract terms, and signature notifications.

  • Cost to upgrade: $87.71* per month (billed annually)

  • Features available in advanced versions: The high-end plan includes all the features of the starter version along with a dedicated account manager to review business strategy every quarter.

*Converted from GBP to USD on Sep. 18, 2023, using www.xe.com.

4. ContractSafe

ContractSafe is a contract creation and management software solution that allows organizations to build, store, manage, and track contracts, service agreements, etc. It also provides a secure digital contract repository to store contracts and related documents.

  • Starting price: $329 per month for unlimited users (billed annually)

  • Features available at starting price: The starter plan enables users to send contract deadline reminders; add tags to contracts and group them by vendor, service, or date; track amendments to check the contract status; and set customizable roles and permissions to ensure contract confidentiality. It also offers optical character recognition (OCR) technology to make contract analysis and comprehension more efficient. 

  • Cost to upgrade: $549 per month for unlimited users (billed annually)

  • Features available in advanced versions: In addition to the starter features, upgrade plans include custom contract fields and forms, multiple saved views, report scheduling, audit trail, and integration with DocuSign, Zapier, and Salesforce.

5. Bright Contracts

Bright Contracts is a compliance and contract management solution for HR teams. It allows HR professionals to create employee handbooks, contracts, agreements, etc. Users can also preview the contracts and manage elements such as the cover page, logo, header, footer, and color scheme.

  • Starting price: $262.35* per year for a single employer and unlimited employees (billed annually)

  • Features available at starting price: The starter plan provides access to a pre-designed template library for creating employment contracts, handbooks, and policies. The templates can be customized by adding the company’s policies, branding, etc. User notifications and contract renewal reminders are other key features of the plan.

  • Cost to upgrade: $367.71* per year for unlimited employers and unlimited employees (billed annually)

  • Features available in advanced versions: The upgrade plan offers all the contract management features available in the starter plan. Additionally, it supports unlimited employers and allows up to two software activations per license.

*Converted from EUR to USD on Sep. 18, 2023, using www.xe.com.

6. ProjectTeam.com

ProjectTeam.com is project management software for construction companies. Its document and contract management capabilities offer standard templates and forms, visual documentation workflows, action items, and drag-and-drop attachments.

  • Starting price: $700 per user, per year (billed annually)

  • Features available at starting price: The starter pack allows users to share contracts with internal and external stakeholders, upload contracts using OCR, add custom contract fields to track specific information, send automatic contract-related notifications, track contract progress, and add @ comments to collaborate with other users. 

  • Cost to upgrade: Contact the vendor for upgrade plans.

  • Features available in advanced versions: In addition to the base features, upgrade plans offer a multi-year pricing model, priority support, single sign-on (SSO) authentication, and multiple third-party integrations.

7. Indy

Indy is an admin platform for independent contractors and businesses. It enables businesses to create, send, and sign proposals, contracts, bills, invoices, etc. Businesses can also track staff hours, store documents and files, and receive payments—all through the same platform.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.7

Value-for-money rating

4.8

Functionality rating

4.4

Device compatibility

  • Starting price: $9 per month (billed annually)

  • Features available at starting price: The starter plan allows users to create and manage unlimited contracts with 1TB total storage. It provides a digital AI assistant for writing contracts and proposals. Customizable contract templates, customizable fonts, e-signing, real-time contract status, white labeling, and contract download are a few other key features of the plan. 

  • Cost to upgrade: No higher plan available.

  • Features available in advanced versions: All the features are available at a single price.

8. DocuSign

DocuSign is a document signing and contract lifecycle management software solution. It helps businesses automate the process of creating, signing, tracking, and sharing contracts to standardize the documentation process.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.8

Value-for-money rating

4.5

Functionality rating

4.6

Device compatibility

  • Starting price: $10 per user, per month (billed annually)

  • Features available at starting price: The starter package includes features such as contract drafting, reusable contract templates, e-signature support, signing workflows, audit trail, real-time contract status, deadline notifications, and integration with cloud storage apps Google Drive and OneDrive. 

  • Cost to upgrade: $25 per user, per month (billed annually)

  • Features available in advanced versions: Besides the base features, advanced plans offer shareable contract templates, collaborative commenting, customized branding, bulk sending, scheduled sending, and customizable contract fields.

9. HoneyBook

HoneyBook is a clientflow management solution that offers various business tools, including contract management, invoicing and payments, and project management. Its contract management module includes multiple templates to help businesses create, customize, and sign contracts online.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.8

Value-for-money rating

4.6

Functionality rating

4.5

Device compatibility

  • Starting price: $16 per month (billed annually)

  • Features available at starting price: The starter pack enables users to create contracts using pre-approved legal templates and auto-fill client information through smart fields that automatically populate details such as the contract location and date. Reusable templates, e-signing, email reminders, custom branding, and a combined contract and payment workflow are a few other key features. 

  • Cost to upgrade: $32 per month (billed annually)

  • Features available in advanced versions: Advanced versions of HoneyBook include integration with multiple platforms such as QuickBooks, Zapier, Meta Ads, Zoom, and Calendly. Users also get priority support, an onboarding specialist, and a dedicated account manager.

10. Jotform

Jotform is an online form builder and data collection platform that allows businesses to create a range of forms and documents, such as employee contracts and nondisclosure agreements. Businesses also add custom fields to the contracts, upload images and logos, and automate the e-signature process.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.6

Value-for-money rating

4.5

Functionality rating

4.6

Device compatibility

  • Starting price: $34 per month (billed annually)

  • Features available at starting price: The starter pack supports 25 forms, 250 fields per form, 1,000 monthly submissions, 1GB storage space, and 100 monthly signed documents.

  • Cost to upgrade: $39 per month (billed annually)

  • Features available in advanced versions: Advanced versions of Jotform support a higher number of monthly forms, form fields, storage, and submissions. They also enable HIPAA compliance, service-level agreements (SLAs), priority support, and SSO integrations.

11. Fiverr Workspace

Fiverr Workspace is a business management platform for freelancers. It helps freelance businesses manage various aspects of their projects, from contract and proposal management to time tracking and payments.

  • Starting price: $18 per month (billed annually)

  • Features available at starting price: The starter plan offers ready-to-use contract templates, electronic signature support, customizable branding elements, reminders for contract renewals and expirations, real-time contract updates, automated invoices based on contract terms, and compliance with the Freelance Isn’t Free Act.

  • Cost to upgrade: No higher plan available.

  • Features available in advanced versions: All the features are available at a single price.

12. Concord

Concord is a dedicated contract lifecycle management software platform that allows businesses to collaborate on contracts, send contracts for e-signatures, automate contract approvals, set up automated email alerts, and track contracts up for renewal.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.5

Value-for-money rating

4.5

Functionality rating

4.3

Device compatibility

  • Starting price: $17 per user, per month (billed annually)

  • Features available at starting price: The starter plan lets users create and manage unlimited contracts, request unlimited e-signatures, access unlimited contract templates, invite unlimited viewers or guests, and send contracts in bulk. Live editing, audit trail, contract versioning, full-text OCR search, bulk uploads, and automated contract renewal and termination reminders are a few other key features available.

  • Cost to upgrade: $49 per user, per month (billed annually)

  • Features available in advanced versions: Besides the base features, upgrade plans include a contract deadlines dashboard, a clause library, automated contract approval workflows, custom branding, and SSO authentication.

13. Bonsai

Bonsai is a business management tool with contract management capabilities. It helps businesses create, customize, and send contracts to their clients. These contracts can include details about the project scope, payment terms, deadlines, and other project specifics.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.7

Value-for-money rating

4.5

Functionality rating

4.4

Device compatibility

  • Starting price: $21 per month (billed annually)

  • Features available at starting price: With the starter plan, users can access legally vetted contract and agreement templates, which they can customize per their project needs. They can share the contracts with clients for e-signature as well as send reminders to the clients to sign the contracts. 

  • Cost to upgrade: $32 per month (billed annually)

  • Features available in advanced versions: Advanced versions of Bonsai offer all the contract management features in the starter pack plus a branded client portal, workflow automation, the option to remove Bonsai branding, and integration with QuickBooks, Calendly, and Zapier.

14. PandaDoc

PandaDoc is a document automation tool that enables businesses to create, edit, track, and sign contracts online. It allows them to choose from a variety of contract templates, which are free to download and customize. Businesses can also send the contracts for e-signing and set up reminders for contract renewals.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.5

Value-for-money rating

4.3

Functionality rating

4.3

Device compatibility

  • Starting price: $19 per user, per month (billed annually)

  • Features available at starting price: The key features of the starter plan are unlimited document uploads, electronic signature support, pre-built contract templates, real-time contract status tracking, activity notifications, and a drag-and-drop document editor to create customized contracts with media files. 

  • Cost to upgrade: $49 per user, per month (billed annually)

  • Features available in advanced versions: In addition to the starter features, upgrade plans provide a content library, customized branding, contract approval workflows, bulk sending, and Zapier and Salesforce integration.

15. Oneflow

Oneflow is a digital contract creation platform that automates and streamlines the entire contract lifecycle. With this tool, businesses can create contracts from templates, track every interaction within a contract, edit a contract in real time even after it’s shared, and view and e-sign contracts on mobile devices.

Trial/Free Version

  • Free Trial
  • Free Version

Overall rating

4.6

Value-for-money rating

4.4

Functionality rating

4.4

Device compatibility

  • Starting price: $17 per user, per month (billed annually)

  • Features available at starting price: The starter plan offers contract drafting, e-signature support, contract activity tracking, audit trail, live contract collaboration, contract import and export, a contract calendar, and a centralized dashboard to track contract KPIs.

  • Cost to upgrade: $45 per user, per month (billed annually)

  • Features available in advanced versions: In addition to the starter features, advanced versions include custom contract data fields, bulk sending, shareable contract templates, inline comments, approval workflows, custom contract reminders, contract insights (e.g., visits, opens), two-step authentication, data retention, and account audit logs.

Check out Capterra Shortlist for contract management software to view the highest-rated and most popular products.

Understand the common pricing models:

  • Perpetual license: You pay an upfront sum for license to own the contract management system and use it in perpetuity. This is the more traditional model and is most common with on-premise applications.

  • Subscription: You pay a monthly fee to use the software for a specific amount of time. Subscription-based pricing gained popularity, thanks to the increasing adoption of Software-as-a-Service (SaaS).

  • Open-source license: Open-source licenses are usually free of charge, which reduces your upfront investment. Implementation, integration, and ongoing maintenance, however, can be major expenses.

Watch out for these often overlooked costs:

  • Data migration: While this can be done in-house, you might want to pay the vendor to transfer your existing contract data to the new system.

  • Training: Web-based training is often included in your plan, but vendors might charge for in-person training.

  • Hardware and IT: This could be a major expense for on-premise software buyers who need their own servers.

  • Maintenance and upgrades: Some vendors charge for updates, patches, upgrades, and other maintenance activities.


Methodology

To be considered for this list, products had to:

  • Have at least 20 unique product reviews published on Capterra within the past two years, as of Sep 1, 2023.

  • Qualify as a market fit by meeting our definition of contract management software: Contract management software is an online software solution that automates the processes of creating, tracking, and managing contracts. The software helps users draft contracts, define their terms and conditions, and track important milestones, such as the completion or review date for a project.

  • From the products that met the above criteria, 25 with the highest functionality and value-for-money ratings were mapped on the scatter plot.

  • From these 25 products, only those with publicly available pricing information on their vendor website were included in the price comparison table. Therefore, the price comparison table is a subset of the scatter plot.

Read about our editorial independence.

Looking for Contract Management software? Check out Capterra's list of the best Contract Management software solutions.

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About the Author

Headshot of GDM author Akriti Sharma

Akriti Sharma is a market research specialist at Capterra. She provides market insights and helps small businesses identify the right software for their needs by contributing to branded research reports such as Shortlist, Category Leaders, and FrontRunners.

An English Literature graduate from Delhi University, she has experienced in project management and operations. When not working, you can find her driving in the mountains and exploring new roads.

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