I have spent the last 2 months investigating the most efficient contract management software and am still at a loss as to which way to go. A friend of mine worked at Air Service International in Thermal, CA and he said they never used that kind of software and could not comprehend why I want to purchase this type of software. I tried to show why I would like to use contract management software by first showing what the software does:

Contract management software allows organisations to easily manage the various types of contracts they use. This specific type of software can ensure consistent contracts which details payments, deliverables, commitments, and compliance terms of the contract.

So that is basically what contract management software does or at least what I would like it to do. There are a number of advantages of using purpose built contract management software. For example it:

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

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

Software I am thinking about getting includes the following:

• Finetooth
• Contract Insight
• Ketera Contract Management Express
• Memba Context

I really should shorten the list to the most effective software based on features, price, and then on user reviews. Software program reviews are often the best way to make the right decision before purchasing software, especially this kind of software.

My next step is to do some more reading to see which programs offer the most features and the most value for money. It is difficult seeing as there are quite a lot of contract management software providers in Thermal as well as a number of IT companies giving this as a service.