I have spent the last 2 months investigating the most reliable contract management software and am still at a loss as to which product to get. A relative of mine worked at Hartsfield International Airport in Atlanta, GA and she said they never used that kind of software and could not comprehend why I want to purchase this kind of software. I tried to discuss why I need to use contract management software by first explaining what the software does:

Contract management software lets enterprises to easily manage the different types of contracts they engage in. This type of software can ensure consistent contracts which details payments, deliverables, commitments, and compliance terms of the contract.

So that is what contract management software does or at a minimum what I would like it to do. There are many reasons for using particular contract management software. For example it:

• automates the contract cycle
• improves compliance on both sides
• reduces risk
• improves clarity

There are more benefits but those are what matters most to me and generally to other organisations.

Software I am considering includes the following:

• Finetooth
• Khameleon Software by Oracle
• Softrax
• ProCon

I really should shorten the list to the most effective software based on features, value, and then on online reviews. Software reviews are generally the quickest way to make a final decision before purchasing software, especially this type of software.

My next step is to do some more reading to see which products offer the most features and the greatest value for money. It is not easy seeing as there are a lot of contract management software providers in Atlanta as well as a number of IT companies giving this as a service.