Contract management is one of those tasks that takes way longer than it should—drafting, approvals, negotiations, and endless back-and-forth emails can drag on for weeks. But it doesn’t have to be that way.
Automation of contract management processes accelerates negotiation cycles by 50%, according to Weshare. That means businesses can finalize agreements in half the time, keeping deals moving instead of getting stuck in red tape.
Relying on manual processes leads to delays, overlooked risks, and missed renewal deadlines. On the other hand, automated contract management software helps speed things up, reduce errors, and keep everything organized.
That means your teams can focus on closing deals instead of chasing signatures. In this guide, we’ll dive into how these tools work and which ones are worth considering.
What Is an Automated Contract Management Tool?
As you probably know by now, handling contracts manually is a hassle. Tracking approvals, chasing signatures, and keeping up with deadlines takes too much time and leads to mistakes. Plus, lost documents, missed renewals, and compliance slip-ups can cause serious problems.
Automated contract management software fixes this by handling the entire contract process—drafting, approvals, execution, and storage—without the usual back and forth.
Core features usually include:
- Pre-built templates
- Automated approvals
- E-signatures
- Renewal reminders
- Centralized storage
- Audit trails
- Access controls
Essentially, these tools speed things up and reduce mistakes without extra effort on your part.
The Pros of Automating Your Contract Management Workflows
More than 80% of companies want to start using automation in 2025, but what benefits are they so eager to tap into? Take a look at some of the biggest ones:
1. Cuts Down the Busy Work to Save Time
Handling contracts manually is slow and frustrating. Drafting, sending for approvals, following up, and waiting on signatures can drag on for days—or even weeks.
Automated contract management speeds up the entire process by routing contracts to the right people instantly, sending reminders when approvals are needed, and allowing digital signatures. This effectively slashes down the number of back-and-forth emails or lost paperwork.
Teams can finalize agreements in a fraction of the time, which, in turn, frees them up to focus on more important tasks. Faster contract approvals mean deals close quicker, the entire contract lifecycle moves forward smoothly, and businesses don’t miss out on opportunities due to delays.
2. Reduces Errors
Mistakes in contracts can cause serious issues—missing key clauses, using outdated terms, or even signing agreements with the wrong details. When handled manually, these errors are easy to overlook.
Automation minimizes human mistakes by pulling in pre-approved templates, flagging missing fields, and tracking changes automatically. Built-in error detection makes sure every contract meets company standards before it gets sent out.
This means fewer legal headaches, less time fixing mistakes, and more confidence that every agreement is airtight.
3. Keeps Everything Organized
Trying to find a contract in a cluttered inbox or a messy file system is a waste of time. With an automated contract management tool, every agreement is stored in one secure, searchable database.
Need to check an old contract? Just type in a keyword and pull it up instantly. No more sifting through outdated folders or emailing colleagues to track down missing documents.
Automated storage also helps with version control, so teams always work with the latest contract draft. Everything stays organized, accessible, and easy to manage, so you don’t miss anything important.
4. Improves Compliance
Regulatory requirements around contracts can be strict, and failing to comply can lead to legal trouble. However, keeping up with these rules manually is tough, especially as policies change.
Automated contract management tools help businesses stay compliant by including pre-approved legal language, tracking contract expiration dates, and sending alerts for necessary updates.
Built-in audit trails also provide a clear record of who made changes and when. Instead of scrambling to fix compliance issues after the fact, businesses can stay ahead of regulations with automated checks in place. This reduces risk and ensures contracts are always in line with industry standards.
5. Strengthens Security
Contracts contain sensitive business information, and keeping them secure should be a top priority. Relying on email attachments and shared folders increases the risk of data breaches or unauthorized access.
On the other hand, automated contract management platforms offer features like:
- Encryption
- Role-based access
- Audit logs
This prevents unauthorized changes, ensures confidentiality, and keeps contracts protected from cyber threats.
Best Automated Contract Management Solutions Today
Now that we’ve touched on some of the biggest benefits of automated contract management software, how can you take advantage of them? To help narrow down your choice, we’ve handpicked some of the best automated contract tools today:
1. Percipient
Percipient isn’t just another automated contract management tool, it blends AI efficiency with human expertise. Unlike most contract software that relies purely on automation, Percipient makes sure every contract gets a thorough review from legal professionals.
This means businesses don’t have to choose between speed and accuracy. Instead of a self-service platform, Percipient works closely with each client while offering tailored onboarding and customizable AI-powered contract reviews.
If your team deals with a high volume of contracts and needs a balance of automation and legal oversight, Percipient is built for you.
Best Features
- AI-powered contract redlining with human oversight: AI scans contracts for key clauses, risks, and inconsistencies, but final decisions get validated by legal experts.
- Customizable AI review model: Adjusts to your specific contract playbook, industry regulations, and company preferences.
- Contract collaboration: Reviewed contracts include clear redlines, explanations, and an easy feedback loop to speed up finalization.
- Seamless integrations: Works with contract lifecycle management (CLM) platforms, collaboration tools, and communication apps.
- Faster, more reliable reviews: AI speeds up contract analysis, while human review ensures accuracy and proper context.
Pros
- AI + human review reduces legal risks and improves accuracy
- Custom setup based on your company’s contract standards
- Faster contract processing without sacrificing compliance
- Seamless workflow keeps teams in sync
- Works well for companies handling high contract volumes
Take a look for yourself. Contact the Percipient team today!
2. Coupa
Coupa is a spend management platform with a strong CLM feature. It helps businesses automate contract creation, approval, and tracking while maintaining compliance with company policies.
Source: Coupa.com
Unlike standalone contract management tools, Coupa integrates with procurement, finance, and supplier management systems. All this makes it a good choice for companies that want contract management to fit within a larger operational workflow.
Best Features
- Full contract lifecycle management: Automates contract drafting, approvals, and renewals.
- AI-powered analytics: Identifies risks, tracks compliance, and provides insights on contract performance.
- Integrations: Connects with procurement, finance, and vendor management systems.
- Customizable workflows: Allows businesses to set up approval chains based on their internal policies.
- Centralized storage: Keeps contracts organized and searchable with version control.
Pros
- Works well for companies that manage contracts as part of a larger procurement process
- AI-powered insights help reduce risk and improve contract efficiency
- Automates contract approvals to speed up processing
- Integrates with other business systems for a smoother workflow
3. Icertis
Icertis is a contract lifecycle management platform designed for enterprises that handle high volumes of contracts. It helps businesses create, negotiate, approve, and track contracts while maintaining compliance with industry regulations.
Source: G2
Compared to basic contract management tools, Icertis offers AI-driven insights and automated risk assessment. It’s suitable for companies that need advanced contract intelligence rather than just document storage.
Best Features
- AI-driven contract management: Uses machine learning to analyze contracts, flag risks, and suggest optimizations.
- Automated risk assessment: Identifies potential compliance issues and contract risks before they become problems.
- Enterprise-grade compliance: Helps make sure contracts align with industry and legal requirements.
- Smart contract storage & search: Organizes contracts with advanced search and categorization.
- Seamless integrations: Connects with ERP, CRM, procurement, and financial systems.
Pros
- AI-driven insights help businesses manage risk more effectively
- Strong compliance tracking for highly regulated industries
- Scales well for large organizations with complex contract needs
- A centralized platform makes contract retrieval and auditing easier
- Customizable to fit specific industry and company requirements
4. Juro
Juro is a contract automation platform built for businesses that want a simple, fast, and collaborative way to manage contracts.
Source: G2
Juro focuses on ease of use with an intuitive interface, drag-and-drop contract creation, and automated approval workflows. It’s a good option for legal, HR, and sales teams that need a lightweight but powerful contract solution.
Best Features
- Drag-and-drop contract creation: Easily build contracts without needing technical knowledge.
- Automated approval workflows: Speeds up contract routing to the right stakeholders.
- E-signatures: Sign contracts digitally within the platform.
- Full-text search & smart storage: Quickly find contracts and track key terms.
- Easy integrations: Connects with CRM, HR, and collaboration tools like Salesforce and Slack.
Pros
- A clean interface makes contract creation and management simple
- Doesn’t require long onboarding or IT support
- Teams can review and approve contracts in real time
- Works well with business tools like Salesforce and HubSpot
5. ContractWorks
ContractWorks is a straightforward contract management solution designed for businesses that need an efficient way to organize, track, and automate contracts.
Source: G2
Unlike platforms that come loaded with advanced AI features and complex workflows, ContractWorks focuses on simplicity, security, and ease of use.
Best Features
- Secure contract storage: Keeps all contracts in a centralized, searchable repository.
- Automated deadline & renewal alerts: Sends notifications to prevent missed contract renewals.
- Electronic signatures: Allows teams to sign contracts digitally within the platform.
- Advanced search & tagging: Makes it easy to find contracts using keywords and filters.
- Role-based access controls: Restricts contract visibility to authorized team members.
Pros
- No complicated setup or long learning curve
- Encryption, audit logs, and access controls protect sensitive contract data
- Businesses can get started without needing IT support
- Works well for teams that don’t need enterprise-level automation
Percipient Makes Your Contract Management Software Ten Times Faster
Organizations that use contract management software cut their average cycle time from bid to signed agreement by 80%. That’s a huge advantage—less waiting, fewer bottlenecks, and deals closing faster.
On the flip side, sticking with manual contract processes means more delays, missed deadlines, and endless email chains that slow everything down.
If you’re looking for a smarter way to handle contracts, Percipient makes it easier. It blends AI-powered contract review with expert legal oversight, so you’re not just speeding things up—you’re also making sure every contract is accurate and risk-free.
Want to see the difference for yourself? Get in touch with Percipient today and take the frustration out of contract management.
FAQs About Automated Contract Management Software
What is an automated contracting system?
An automated contracting system is software that streamlines the entire contract lifecycle, from drafting and approvals to execution and storage. It reduces manual work by using pre-built templates, automated workflows, e-signatures, and deadline reminders to speed up contract creation and ensure compliance. Businesses use these systems to minimize risk, save time, and keep contracts organized in a centralized location.
How much does CLM cost?
Contract lifecycle management platform pricing varies depending on features, company size, and contract volume. Many CLM providers offer tiered pricing, free trials, or demos to help businesses find the right fit.
What is CLM automation?
CLM automation refers to the use of AI, workflows, and integrations to speed up contract-related tasks. It automates drafting, approvals, compliance tracking, and renewals, reducing manual work and minimizing errors. With CLM automation, businesses draft contracts faster, accelerate contract cycles, improve accuracy, and ensure customer contracts follow company policies without constant oversight.
What is contract management software?
Contract management software is a digital solution that helps businesses create, approve, store, track, and negotiate contracts in one place. It eliminates paperwork, speeds up contract execution, and ensures compliance with legal and business requirements. The best tools offer e-signatures, automated reminders, search-friendly storage, and integrations with business systems like CRM and procurement software.
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