CIO Review Europe
About UsConferencePartner With Us

Top 10 Enterprise Contract Management Solution Companies in UK and Europe - 2021

For long contracts in an enterprise have been regarded as a mere document that needs to be signed, filed away, and neglected until a problem crops up. However, contract management is rapidly transforming in enterprises across the globe, and will soon look nothing like its former self. With the growing number of stakeholders and the complexity of the contract process, enterprises are inclined towards the idea of building a strategy that promotes more efficient, secure and customer-centric business practices.

A few years ago, digital contract management was considered as a newbie to the tech stack to some. The cloud was regarded as momentary and susceptible. And businesses also doubted using digital signatures since the validity of the signatures was a matter of concern, and they wanted to safeguard themselves against identity fraud. But that hanged soon. Digitalisation has made its way into contract management to help organisations store and manage their contract portfolio from the cloud in a secure manner, while also automating diverse aspects to improve efficiency and reduce risk and prevent revenue leakage. The amalgamation of artificial intelligence (AI) with the contract management system has also innovated business opportunities by redefining the true potential of these contracts that were stashed within millions of files and folders for years. Alongside, AI can transform unstructured contract documents into structured enterprise data. Implementing AI in contract management can support the enterprise in determining business risks and opportunities. Besides, machine learning and AI assist in the specification and analysis of clauses and other data. In addition to this, automated contract abstraction and migration is another technology-enabled service that organisations are adopting to automate the overall process of extracting information from all contracts.

Besides, brands are also providing an intelligent and well-designed digital experience when signing contracts with customers. Intuitive UXdesign and customer-centric support have become key characteristics that contemporary businesses keep an eye on when selecting their next contract management software.

Keeping these transformations in mind, CIOReview has compiled a list of innovative companies that can help you build the partnership that you and your firm need to reap the countless benefits of advanced enterprise contract management.

We present to you CIOReview’s “10 Most Promising Enterprise Contract Management Companies in UK and Europe - 2021.”

    Top Enterprise Contract Management Solution Companies in UK and Europe

    ATAMIS
    Atamis offers leading UK procurement software, to maximise productivity and increase efficiency throughout the strategic sourcing cycle. They present an all-in-one platform that allows contract managers to have a comprehensive overview of the entire commercial lifecycle. Atamis’ integrated contract management system offers a web-based, user-friendly, cloud-hosted, completely backed-up and resilient centralised contract register that improves the efficiency of managing the contracts. With its expertise in streamlining the contract management processes, they have been able to deliver this for the UK’s largest public sector employer, the NHS, via its contract with the Department of Health and Social Care
    Coupa Software, Inc. [NASDAQ: COUP]
    Established in 2006, Coupa empowers companies around the world by dint of complete contract automation, which in turn improves productivity and reduces the risk of an organisation. The company also truly believes in delivering business value starting from its operations to whatever they offer to the clients. As value is quantifiable and a measurable improvement delivered by a solution or process, it is more than how much one paid for a solution or what a new solution saved. Alongside, Coupa contract management also enhances sell-side contracts to mimimise sales cycles and boost revenue while connecting buy-side contracts to organisations spend process to recognise negotiated discounts
    DocLogix
    DocLogix offers a contract management solution that facilitates agreement, approval, signing, storage and management of all types of contracts while reducing risks. The DocLogix contract management solution comes with a set of templates to speed up the process of contract creation. This is helpful, especially within an organization where various teams keep generating new contracts based on their requirements, increasing the legal team’s burden to monitor each one separately. Having a fixed template for generic requirements helps in reducing the workload of the legal team. Additionally, the two-way signature feature is inbuilt in the solution to have the contract signed digitally by internal and external stakeholders
    DocuSign
    With more than 17 years of industry experience, DocuSign helps organisations connect and automate how they prepare, sign, act on, and manage agreements. The company has also been on a mission to accelerate business and simplify life for organisations and people around the world. Being the pioneer in the development of eSignature technology, DocuSign offers this technology to more than 500,000 customers and hundreds of millions of users across the world to sign electronically on almost any device, from approximately anywhere, at any time
    House of Control
    House of Control is renowned as one of the leading companies developing and selling software (SaaS) solutions. The immediate answer is Complete Control, which is used for managing contracts and assets, including the contracts' financial implications for accounting, budgeting, and reporting. Complete Control has several modules and add-ons, including compliance with IFRS 16 (Financial Leases) requirements, HR management, digital signature, and price index adjustments. The user value is derived from cutting costs, saving time, and reducing business risk and dependency on key personnel
    Conga
    Conga helps businesses simplify and automate their approach to the essential quotes, contracts, and documents that drive global commerce. Companies choose Conga for the most comprehensive solution set in the market and our expert guidance. We enable them to transform the processes and documents surrounding customer engagement, configure price quote (CPQ), contract lifecycle management (CLM), and the complete commercial operations lifecycle
    ContractPodAi
    Less than a decade ago, ContractPodAi was launched with the goal of making contract lifecycle management fast, easy and intelligent. The legal and software experts of the company focused their development efforts on helping in-house counsel bring slow, manual contracting to life. ContractPodAi also believe that contracts are a company’s most valuable assets. The company also digitise and centralise these critical assets, while streamlining the workflows by which they’re created and managed. With the industry’s only true end-to-end CLM platform, ContractPodAi gives complete control over every contract to accelerate agreement
    Icertis
    Icertis offers an AI-powered, analyst-validated Icertis Contract Intelligence platform to help organizations turn their statis documents into a strategic advantage by structuring and connecting critical contract information that defines how an organization runs. Backed by unparalleled expertise, bold vision, and enduring commitment, coupled with unmatched technology and category-defining innovation, Icertis is pushing the boundaries of what’s possible in the realm of contract management. Icertis empowers the world’s most iconic brands and disruptive innovators with its platform and helps them fully realize the potential of their contract
    Juro
    An all-in-one contract automation platform that enables legal counsel and teams to work cohesively, manage all contracts and streamline routine contract workflow in one unified workspace. Juro has been instrumental in enabling faster contract turnaround, better data visibility, and improved relationships. The ingenious platform replaces DocuSign, Word, GDrive, GSheets, and more to eliminate bottlenecks and collaborate securely on one platform. In a nutshell, the company is rebuilding contracts from the ground-up to make contract automation work for everyone. With renowned names like Deliveroo, Secret Escapes, Babylon Health and more, the automation platform powers over 100,000 contracts across 65 countries
    Target Information Systems
    Target was created from knowing the working world can be made simpler with innovative software solutions that can provide control, visibility, compliance and savings. Target is a software development company made up of a collection of highly experienced professionals who like a challenge. The company offers consultancy and bespoke development services. Target deliver digital leadership to business requirements; creating varied data management systems, full bespoke system builds and global software deployment. The company analyse workflows, current systems, understand the needs and requirements of businesses, and helps to implement process change and digital transformation

More in News

Top