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Best SaaS contract management software in 2024

Explore the top SaaS contract management software for 2024. Learn how it simplifies contract processes, reduces risks, and discover tips for choosing the right solution.

Chitra Ghosh
Chitra Ghosh
September 11, 2024
2024-09-11
 • 
15
 min read
Best SaaS contract management software in 2024

Frequently asked questions

What is SaaS contract management?
SaaS contract management involves the creation, negotiation, execution, and storage of agreements. It helps with the ongoing management of contracts between software providers and their customers.
How to structure a SaaS contract?
Structuring a SaaS contract involves several critical components, such as details on how the SaaS services will be delivered and the usage rights granted to the buyer. It also describes limitations on the number of users, roles, or specific use cases. It also provides a breakdown of costs, billing intervals, and payment methods. The contract also describes security protocols to protect user data.
What are the three phases of contract management?
The three phases of contract management involve the pre-signature phase, which involves drafting the agreement using templates and defining key terms. Collaborating with stakeholders helps negotiate and review the contract terms.The second phase is execution when all parties sign the agreement, and it is securely stored in a centralized repository for easy access. The third phase is the post-signature phase, which involves renewing, renegotiating, or terminating the contract based on performance and evolving needs. During this phase, you can track key dates, ensure compliance, and identify opportunities for renegotiation or optimization.
What is the difference between CRM and a contract management system?
Customer Relationship Management (CRM) and Contract Management Systems (CMS) serve different purposes. CRMs manage customer interactions to increase sales, improve service, and enhance customer experience. CMS manages contracts throughout their lifecycle. It helps create, negotiate, store, and analyze contracts. It is helpful for legal, procurement, compliance, and risk management processes.
Chitra Ghosh
Chitra Ghosh
Chitra is a Product Manager at Signeasy and works with a team of designers, developers, and technologists to create business benefits for Signeasy's customers. Outside work, she loves adventure, new cultures, and getting out of her comfort-zone.
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