Categories   >   Contract Lifecycle Management Software
Last Reviewed: November 13th, 2024

Best Contract Lifecycle Management Software Of 2024

What is Contract Lifecycle Management Software?

Contract Lifecycle Management (CLM) Software is the secret weapon in handling contractual chaos. Its core purpose is managing the life of a contract, right from drafting to compliance monitoring, helping businesses evade challenges like contract mismanagement, inefficiencies, and non-compliance. With its central repository for contracts, real-time tracking, secure sharing, and automatic reminders, the software brings contractual transparency, time savings, and risk minimization. Advancements include integrating blockchain for secure evidence and AI for contract analysis. While CLM software serves across all sectors, businesses with a large volume of strategic contracts (like manufacturing, IT, or procurement) particularly benefit. But it's not all rosy -- potential drawbacks like high implementation costs, training needs, and dependence on accurate data input are notable. To sum up, Contract Lifecycle Management Software takes the reins of contract management, driving efficiency and compliance. Despite challenges, its value proposition – a comprehensive, efficient contractual ecosystem – is unmistakably powerful.

What Are The Key Benefits of Contract Lifecycle Management Software?

  • Improves contract organization
  • Enhances tracking efficiency
  • Minimizes compliance risks
  • Offers central contract repository
  • Boosts productivity
  • Facilitates safe document sharing
  • Simplifies audit process
  • Reduces contract misplacement
  • Ensures timely renewals
  • Supports strategic decision-making
Read more

Overall

Based on the latest available data collected by SelectHub for 89 solutions, we determined the following solutions are the best Contract Lifecycle Management Software overall:

NetSuite
NetSuite
Start Price
$999
Per User, Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked NetSuite

User reviews for NetSuite ERP paint a mixed picture, highlighting both its strengths and weaknesses. Many users praise its comprehensive features and real-time data visibility, reporting improvements in efficiency and collaboration. One user commented, "NetSuite has transformed our business by automating tedious tasks and providing us with a single source of truth for all our data." Another added, "The collaboration features are fantastic – we can now work together seamlessly across different departments, which has boosted productivity significantly." However, users also raise concerns about the complexity of the platform and its high cost. Some find the learning curve steep and the customization options limited compared to competitors like SAP Business One and Microsoft Dynamics 365. One user noted, "NetSuite was initially overwhelming for our team due to its complexity. We had to invest heavily in training just to get started." Another commented, "The cost was a major barrier for us. We found other ERP solutions that offered similar features at a fraction of the price." The issue of vendor lock-in is another recurring concern among users. Switching to a different ERP system can be challenging due to data migration issues and dependence on NetSuite's proprietary features. One user expressed their apprehension, "We're worried about getting locked into NetSuite's ecosystem. Switching to another provider seems like a huge headache." Overall, user reviews suggest that NetSuite ERP is a powerful and feature-rich solution but comes with a steep learning curve and high cost. While it may be the perfect fit for large organizations with complex needs and significant resources, smaller businesses might find it overwhelming and expensive. When evaluating NetSuite, it's crucial to carefully consider your specific needs, budget, and technical expertise before making a decision.

Pros & Cons

  • Real-time data and visibility: Gain immediate insights into your business performance with real-time access to all your data.
  • Improved efficiency and automation: Automate routine tasks and streamline workflows to boost productivity across your organization.
  • Enhanced collaboration: Break down departmental silos and foster better communication across teams.
  • Scalability and flexibility: Adapt NetSuite to your unique needs and accommodate your business growth.
  • Comprehensive features: Manage all aspects of your business operations with a single platform.
  • Improved decision-making: Get data-driven insights to make informed and strategic decisions.
  • Strong customer support: Reliable support is available through multiple channels to ensure your success.
  • High security and compliance: Secure your data and meet industry regulations with robust security features.
  • High cost: NetSuite's initial implementation and ongoing maintenance fees can be significant, especially for small businesses.
  • Steep learning curve: The platform's extensive features require significant training and user adoption efforts.
  • Limited customization options: While customizable, NetSuite requires technical expertise and can be costly compared to competitors.
  • Vendor lock-in concerns: Switching to a different ERP provider can be challenging due to potential data migration issues and dependence on NetSuite's proprietary features.
  • Integration challenges with certain applications: While NetSuite offers pre-built integrations, connecting with niche or less popular applications might require complex manual data entry or third-party solutions.

Key Features

  • Sales Order Management: The sales order management tool provides automation that works to reduce manual errors and to speed up the billing and order management process. It is also integrated with other business functions such as finance and fulfillment. 
  • Source Management: This tool helps ensure compliance during the purchasing process through its centralized supply portal. It also has forecasting abilities that are able to recalculate predictions based on actual fluctuations. 
  • Warehouse Management: The warehouse management feature streamlines warehouse operations by decreasing overhead and cycle times. It can also improve rates of on-time delivery, therefore improving customer retention and ultimately boosting revenue. 
  • Production Management: The production management tool is integrated with CAD and PLM functionality. This feature assists in the development of quotes, tracking of contract renewals and cost estimation. 
  • Manufacturing Accounting: All of the basic features of accounting are present in this tool, from invoicing to forecasting. It can also help your company determine the amount of taxes you need to pay based on factors such as location and revenue. 
  • Transportation and Logistics: This tool is well-integrated with IoT functionality, as it lets you see in real-time where your transportation units are located. The logistic side of this tool provides inventory estimation based on historical data to help you decide what to order more of and what to order less of. 

Pricing

Maintenance Cost The NetSuite ERP maintenance cost is included in the price of your subscription. If you purchase a license directly with NetSuite, you will also get NetSuite Support. There are silver, gold and platinum packages that are priced based on your annual contract value. This tool includes FAQs, tips and online user guides.
Installation/Implementation Cost Installation and/or implementation is an additional cost with NetSuite ERP. NetSuite requires that you use a third-party for implementation support. Therefore, price varies depending on which consulting firm you decide to go with.
Customization Cost Customization is an extra cost when purchasing NetSuite ERP. This is associated with the introduction of tools or programs that go above and beyond the “out of the box” software capabilities.
Data Migration Cost/Change Management/Upfront Switching Cost This is another cost that goes above and beyond that of the basic software package. The price of this is dependent on factors such as complexity and the amount of data that you need to move over to the new system.
Recurring/Renewal Costs Your recurring costs are dependent on the elements listed above, such as the number of users needed for your software solution, implementation, support and training services.
E2open
E2open
Start Price
$549
Annually, Freemium
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked E2open

Are you ready to "e2open" the door to a more efficient supply chain? E2open has been making waves in the industry, with users consistently praising its ease of use and comprehensive features. Reviewers frequently highlight the platform's intuitive interface, making it accessible even for those without extensive supply chain experience. This user-friendliness is a significant advantage, as it allows companies to quickly onboard and start reaping the benefits of the software without a steep learning curve.

E2open's ability to streamline operations and boost efficiency is another recurring theme in user feedback. The platform's robust suite of tools, including order management, inventory management, and transportation management, enables businesses to optimize their supply chain processes from end to end. Users report significant reductions in inventory levels, improved order fulfillment times, and overall cost savings. These tangible results demonstrate E2open's effectiveness in addressing critical supply chain challenges.

While E2open receives overwhelmingly positive reviews, some users note that the platform's extensive functionality can initially feel overwhelming. However, the company's responsive customer support team is often commended for its ability to provide guidance and assistance, ensuring users can fully leverage the software's capabilities. E2open is particularly well-suited for medium to large enterprises with complex supply chains due to its scalability and comprehensive features. Its ability to handle large volumes of data and transactions makes it an ideal choice for businesses with intricate logistical needs.

Pros & Cons

  • Visibility Across the Supply Chain: E2open provides real-time visibility into inventory levels, order status, and shipment tracking, allowing businesses to proactively identify and address potential disruptions.
  • Improved Collaboration: The platform facilitates collaboration between different departments within a company, as well as with external partners such as suppliers and logistics providers.
  • Enhanced Efficiency: E2open automates many manual tasks, such as order processing and inventory management, freeing up employees to focus on more strategic initiatives.
  • Reduced Costs: By optimizing supply chain operations, E2open can help businesses reduce costs associated with inventory, transportation, and logistics.
  • Increased Customer Satisfaction: By improving on-time delivery and reducing stockouts, E2open can help businesses improve customer satisfaction.
  • Steep Learning Curve: E2open's comprehensive functionality can be overwhelming for new users due to its intricate interface and complex workflows, often requiring extensive training and onboarding.
  • Customization Challenges: Adapting E2open to specific business needs can be difficult and time-consuming, as it often necessitates significant configuration and development efforts to align with unique supply chain processes.
  • Integration Complexity: Integrating E2open with existing enterprise systems and external partners can pose challenges due to data mapping complexities and potential compatibility issues, requiring careful planning and technical expertise.
  • Cost Considerations: E2open's pricing structure can be a concern for some organizations, particularly smaller businesses, as it typically involves subscription fees, implementation costs, and ongoing maintenance expenses.

Key Features

  • Logistics Visibility Network Application: Enhance visibility and reduce delays to streamline shipment creation. Enable users to choose lots based on availability in selective warehouses and factories. Validate lot additions with hard and soft copies to mitigate errors caused by shipment lots. 
  • Custom Warehouse Management: Automate and optimize administering tasks involving payment duties to reduce taxes and tariffs. Manufacture, store and distribute products in a streamlined manner. 
  • Purchase Order Collaboration: Automate purchase-to-pay processes and streamline time-consuming, laborious workflows to improve productivity and delivery schedules without the hassle of manual work. 
  • Collaborative Manufacturing: Improve quality, accuracy and agility by enabling inventory lot visibility to manufacture and serialize traceable products. Establish end-to-end visibility to enhance communication in a single unified space. 
  • Transportation Forecasting: Proactively collaborate with suppliers in advance and offer visibility to secure low costs and improve supply assurance and productivity while minimizing risks. 
  • Inventory Collaboration: Access multi-level inventory visibility to manage products in multiple locations and proactively manage discrepancies in quantity of materials. 
  • Drop-Ship Management: Cut back on costs and lead times while providing fast shipping by streamlining workflows. Create a uniform shipping experience that facilitates direct contact with customers and warehouses. 
  • Supply Management: Automate and collaborate processes for unlimited access across all supply tiers. Manage and streamline real-time updates for an agile and responsive network. 
  • Channel Shaping: Optimize channels to gain increased returns using the data management tool. Simplify audit and reporting processes while improving status tracking using serial numbers. 
  • Demand Sensing: With the help of user data and channel partners, access and manage real-time data for metrics based on AI-driven algorithms. 
Blue Yonder
Blue Yonder
Start Price
$100,000
Annually
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked Blue Yonder

Blue Yonder helps businesses plan their supply chains. It's suitable for medium and large companies. This tool uses artificial intelligence (AI) and machine learning to help companies spot problems quickly. It boosts collaboration, offers scenario testing and predicts results.

Users like Blue Yonder because it helps manage stock levels and plan for future needs. It also gives a clear view of supplier networks and tracks orders, shipments and inventory in real time.

However, some users say that it takes a long time to set up and needs constant support. They also wish it was easier to customize and more user-friendly. Overall, the tool is known for its wide range of features, which help companies manage their supply chains more efficiently.

Pros & Cons

  • Inventory Optimization: All users appreciated the inventory management module, which reduced stock-outs and prescribed optimal inventory.
  • Planning and Forecasting: All users agreed that Blue Yonder offers multi-level forecasting and guided supply planning.
  • Visibility: All users commended the product for its end-to-end visibility.
  • Implementation: All users reported that implementation time is lengthy and needs constant support.
  • Customization: 80% of users said the product should offer more customization options.
  • User Interface: 67% of users struggled to navigate the product’s intuitive interface.

Key Features

  • Demand Planning: Blue Yonder weighs different factors that drive demand and predicts business impacts and risks. This ability helps enhance inventory, plan productivity and understand buyers' needs. Demand-driving variables provide exact projections that enable informed decisions.
  • Network Design: Synchronize planning and execution plans to improve financial performance and meet high service expectations. A better network boosts sustainability and lowers operating risks and costs.
  • Control Tower: The Luminate Tower helps firms accurately read data from various sources. It uses machine learning to identify and solve supply chain issues. It also boosts teamwork and improves visibility across the whole network.
  • Production Planning: It has a decision support module for production scheduling. Use it to balance demand with proper capacity, material and due-date rules. It blends production control, manufacturing and procurement planning to meet demands at the right costs.
  • Transportation Management: Blue Yonder handles inbound and outbound processes and merges carrier supplier partnership tools. It manages business assets to improve profitability and stay ahead of competitors.
  • Space and Floor Planning: Retailers can assign products correctly, use buyer insights to drive income, calculate KPIs using strong analytics and expand selling space. Associates can contact customers to deliver brand promises with its mobile store execution module.
Oracle SCM Cloud
Oracle SCM Cloud
Start Price
$350
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked Oracle SCM Cloud

Users of Oracle SCM Cloud express overall satisfaction with its comprehensive capabilities and robust features. Many praise its ability to provide end-to-end visibility and control over their supply chain operations, citing improved efficiency and cost savings. One user commented, "Oracle SCM Cloud has revolutionized our supply chain management, streamlining processes and increasing visibility into critical data. We've seen a significant reduction in lead times and inventory levels, leading to substantial cost savings." However, some users noted the platform's complexity, particularly for small and medium-sized businesses with limited resources. "The initial learning curve can be steep, and customization requires specialized expertise," remarked one user. "However, the long-term benefits outweigh the initial challenges." One of Oracle SCM Cloud's key strengths compared to competitors like SAP S/4HANA and Microsoft Dynamics 365 Supply Chain Management is its scalability and global reach. "Oracle SCM Cloud seamlessly scales with our business, accommodating our growth and expansion into new markets," stated another user. "The multi-language and currency support is invaluable for our international operations." While competitors offer similar features, Oracle SCM Cloud stands out with its advanced analytics and machine learning capabilities. "The platform's ability to predict future demand and optimize inventory levels has been a game-changer for our business," commented one user. "We are now able to anticipate customer needs and react quickly to market changes, ensuring on-time deliveries and improved customer satisfaction." Overall, user reviews paint a positive picture of Oracle SCM Cloud as a powerful and comprehensive solution for optimizing supply chain operations. While its complexity might require additional support for smaller businesses, its scalability, global reach, and advanced analytics capabilities make it a compelling choice for large enterprises seeking to gain a competitive edge in today's dynamic business environment.

Pros & Cons

  • User-Friendly Interface: It offers an easy to use, intuitive and configurable user-interface, as noted by around 92% of reviewers who mention UI.
  • Navigation: It is easy to navigate throughout the application, as stated by 100% of the users.
  • Latest Upgrades: It keeps the cloud updated through seamless upgrades, as observed by more than 71% of the users specifying upgrades.
  • Security: All users who refer to security report that it offers an enhanced security architecture.
  • Integration: The integration process is cumbersome, as stated by more than 55% of reviewers who specify integration.
  • Reporting: Over 57% of reviewers who refer to reporting note that it lacks flexible reporting capabilities.
  • Speed: Its slow speed is unable to handle large volumes of data, as noted by 80% of the users mentioning speed.
  • Customization: It has limited scope for customization, as specified by around 87% of reviewers who refer to customization.

Key Features

  • Collaboration and Visibility: Increased data visibility allows managers to plan and forecast efficiently. Maintain contact with clients and partners with a messaging system that links businesses. Better collaboration between employees enforces better collaborative planning for the entire supply chain. 
  • Distribution Planning: Gain access to world-class planning tools and quickly respond to demand changes. Plan ahead to reduce inventory and prevent detrimental issues with manufacturing. 
  • Manage Demand: Enables users to forecast the products needed using its demand management toolset, helping companies stay ahead of market changes and become driven by it. 
  • Promotion Management: Its data-mining capabilities can help discover successful promotion tactics for various operations to maximize ROI. Data from sales points can be measured and used to predict strong promotion strategies. 
  • Transportation Management: Optimize shipments across all methods, regardless of the transport mode through its transportation management. Reduces the complexity of fleet management while boosting carrier sourcing. 
  • Warehouse Management: Real-time visibility into warehousing processes strengthens accuracy and reduces daily costs. Automates several time-intensive operations and helps task employees with more essential duties. 
Fishbowl Inventory
Fishbowl Inventory
Start Price
$329
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked Fishbowl Inventory

Fishbowl Inventory brings numerous modules to the table, including inventory and warehouse management, to fulfill a wide range of daily tasks. The support teams provide in-depth training and responsive support, especially from those working in Fishbowl’s Plug-In support. The system supports numerous integrations, but sometimes the integration process isn’t the most stable. Some users noted that being required to host their data on site was cumbersome and expensive. The mobile apps give users the ability to follow and interact with daily tasks while they are out of the office. The implementation process for the system can be time consuming, but overall, users felt that it satisfied their needs. Users felt that it could use more customization options and that the reporting features was a bit unpolished and basic.

Pros & Cons

  • Ease of Use: Nearly 83% of users who mentioned ease of use noted that the system is intuitive, accessible and easy to learn.
  • Support: Approximately 75% of reviewers said that support teams, especially those working on plug-ins, were helpful, knowledgeable and quick to respond.
  • Functionality: About 62% of reviewers who talked about the overall functionality of the system said that overall, the features of the system were suitable for daily warehousing and inventory management processes.
  • Customization: Out-of-the-box customization options were limited and hard to implement, as noted by nearly 75% of users who referred to customization.
  • Cost: All users who mentioned cost said that the price associated with customization, integration and the overall system was too high.
  • Reports: Almost 80% of users who mentioned reports said that they were too basic, exporting was difficult and that they had to pay to customize them.

Key Features

  • Reporting Features: Gathers data created by processes such as delivery and ordering and converts it into an accessible format. This collected data can be studied to find trends and plan for the future of business operations. 
  • Shipping Support: Allows users to print their own shipping labels. Mobile devices can be used to track products. It also integrates with FedEx and UPS. 
  • Inventory Management: Automate reordering along with streamlining pick, pack and shipping to optimize the supply chain. Users can track inventory with barcoding printing and scanning. 
  • Multi-Location Support: Get an overhead view of a multi-location operation with robust management tools. Monitor stock levels in multiple facilities, gain trend data across all operations and transfer products from one location to another to avoid shortages. 
  • Multiple Currencies:  Allows operations that span the globe to convert currencies. This module also enables the creation of purchase orders in the user’s currency of choice. Managers can set default currencies for vendors to keep things organized. 
  • Part Tracking Capabilities: Alerts users to the location of their needed manufacturing parts and where they are coming from. Set alerts for part replacement and track ordered parts by location. Tracks parts and labor costs so users can keep track of preferred vendors. 
  • Manufacturing Tools: The manufacturing module contains industry favorite features, including advanced work orders, bills of materials, work order automation, lot tracking and more. 

Pricing

License/Subscription Cost
  • This cost is based on how many licenses are purchased as well as the support package. Licenses include updates, online training video access and unlimited phone support.
Maintenance Cost
  • One year of maintenance and support costs are included in the license cost.
Installation/Implementation Cost
  • Installation is included in the license fee.
Customization Cost
  • Customization cost is dependent on the modules that are selected and the level of customization needed.
Data Migration Cost/Change Management/Upfront Switching Cost
  • This cost depends on the amount and complexity of data being transferred. Gaps between the new and old systems are also considered.
Infor Supply Chain Management
Infor Supply Chain Management
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
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Why We Picked Infor Supply Chain Management

User reviews of Infor Supply Chain Management (SCM) reveal a mixed bag of experiences, highlighting both its strengths and weaknesses. Overall, users praise its improved visibility, enhanced collaboration, and increased efficiency. One user noted, "Infor SCM gives us real-time insights into our entire supply chain, which has helped us identify and address potential problems before they impact our customers." Another user appreciated the collaborative platform, stating, "Infor Nexus makes it easy to communicate and share information with our suppliers and partners, which has improved our overall supply chain performance." However, some users also point out challenges with the initial setup, cost, and limited reporting capabilities. One user commented, "Implementing Infor SCM was a complex and time-consuming process." Another user expressed concerns about the price, saying, "Infor SCM is a great product, but it can be expensive for small businesses." Additionally, some users noted that the reporting capabilities are not as robust as those offered by some competitors, such as SAP S/4HANA and Oracle NetSuite. Despite these weaknesses, many users believe that Infor SCM offers a powerful and comprehensive solution for managing their supply chains. They appreciate its scalability and flexibility, which allows them to adapt to changing business needs. One user remarked, "Infor SCM has helped us grow our business and expand into new markets." Another user highlighted the product's unique features, saying, "Infor SCM has features that I haven't seen in other products, such as the ability to manage multi-modal transportation." Ultimately, the decision of whether or not to use Infor SCM depends on the specific needs and requirements of your business. However, based on the user reviews, it is a powerful and comprehensive solution with the potential to significantly improve your supply chain efficiency and performance.

Pros & Cons

  • Improved Visibility: Gain real-time insights into inventory levels, order status, and logistics across the entire supply chain.
  • Enhanced Collaboration: Connect all supply chain partners through Infor Nexus for seamless information sharing and optimized execution.
  • Increased Efficiency: Automate workflows, streamline processes, and reduce manual tasks to optimize operations and boost productivity.
  • Reduced Costs: Minimize inventory levels, optimize transportation routes, and improve demand forecasting to significantly reduce supply chain costs.
  • Improved Customer Satisfaction: Deliver orders on time, reduce errors, and enhance responsiveness to customer inquiries.
  • Scalability and Flexibility: Adapt to changing market conditions, accommodate growth, and customize the solution to meet individual business requirements.
  • User-Friendly Interface: Navigate the software easily with an intuitive and user-friendly interface.
  • Complex Initial Setup: Requires significant time and resources for initial configuration and data migration, potentially impacting business operations.
  • Expensive for Small Businesses: Subscription fees and implementation costs can be prohibitive for smaller companies with limited budgets.
  • Limited Reporting Capabilities: Out-of-the-box reporting may not meet specific needs, requiring customization or third-party solutions.
  • Integration Challenges: Integrating Infor SCM with existing systems can be complex and require specialized expertise.
  • Steep Learning Curve: The user interface and features can be complex, requiring extensive training for users to become proficient.

Key Features

  • Integrated Business Planning: Streamline tradeoff analysis, improve decision making and market response with the use of a shared platform, common KPIs and planning data repositories. Provides visibility, core analytics, execution and collaboration capabilities to help organizations maintain control of costs and services. 
  • Demand Management: Predict and fulfill demand based on real-time market data using machine learning and AI. Provide retailers with an advanced approach to financial planning, demand forecasting, assortment planning, lifecycle pricing, replenishment optimization and more. 
  • Supply Planning: Simplify tactical, strategic and operational planning processes through configurable supply planning solutions. Organizations can meet business requirements like balancing product mix, multiple site planning, considering shelf-life constraints in build-ahead strategies or selecting the best formula according to the availability of demand and materials. 
  • Warehouse Management: Warehouse fulfillment is combined with 3D visual analysis and embedded labor management to support enhanced operational execution and reduce complexity. Offers advanced features, labor management, B2B and B2C fulfillment support to improve productivity, order accuracy and flexibility. 
  • Production Scheduling: Constraint-based production scheduling can optimize resources, minimize downtime and maximize capacity. Manufacturers can respond to multiple changes, maintain demand and supply with modeling capabilities and adjust schedules with automated optimization and graphical planning boards. 
  • Transportation Management: Orchestrate multi-leg, multi-mode transportation across various parties through Infor Nexus transportation management. Manage global complexity and increase service levels with end-to-end shipping control and freight spend visibility. It connects worldwide service providers, spanning business silos, geographies and modes for transportation activities to gain better reliability, control and customer delivery. 
  • Infor Nexus: Connect companies to suppliers, manufacturers, banks and 3PLs through Infor Nexus. This single-instance network can fuse financial and physical supply chain processes in a cloud-based platform. Businesses can sense and respond to numerous changes through applications that combine advanced planning, finance and execution abilities. 
Epicor SCM
Epicor SCM
Start Price
$50
Per User, Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked Epicor SCM

Epicor SCM offers extensive modules to manage everything from forecasting to the fulfillment processes of a complete supply chain. This user-friendly solution is highly customizable to meet the changing requirements of customers. It provides comprehensive reporting and navigation capabilities to elevate user experiences. However, many reviewers note that its customer support is not responsive, making it difficult to resolve complicated issues. Also, a complex implementation process and slow system can affect overall business performance.

Pros & Cons

  • User-Friendly: Its interface is easy to use and manage, as noted by more than 78% of reviewers who mention ease of use.
  • Reporting: It offers comprehensive reporting capabilities, as observed by around 67% of the users who refer to reports.
  • Navigation: All the reviewers who specify navigation state that it is easy to navigate throughout the application.
  • Customization: It is highly customizable to fit the customer’s needs, as stated by over 86% of the users specifying customization.
  • Slow Performance: All the users mentioning performance report that the system runs slow, affecting overall performance.
  • Customer Support: It lacks support on complex issues, as observed by 87% of the users who refer to customer support.
  • Implementation: Around 70% of reviewers who specified that the process of installation, implementation and upgrading is cumbersome.
  • Bugs: It has many bugs that can disturb users, as stated by all reviewers mentioning bugs.

Key Features

  • Warehouse Management: Offers complete visibility, control and management of SCM and logistics operations through warehouse management software. Connect the warehouse with order processing and manufacturing services to optimize pick, pack, ship and receiving operations. Provides various features that include finite bin and package definitions, activities and consumption management, task and load management, multi-channel order processing and more. 
  • Inventory Planning: Statistical forecasting can select an accurate forecast model for items accounting for seasonality, trend and event-driven/promotion demand through the demand planner. Inventory optimization offers policy decision support and helps share, collaborate and track the impact of inventory planning policy. Identify stocking trends, value, understocks, overstocks and potential order cancellations through operational analytics. 
  • Barcoding: Epicor BarTender improves security, safety and efficiency by automating barcodes, printing and controlling labels, plastic cards, RFID tags and more. Lets organizations consolidate designs with intelligent templates, maintain regulatory compliance and apply secure document control. 
  • Electronic Data Integration: Offers B2B integration solutions that provide organizations with electronic data interchange functionality, flexible data integration and database translation engines to reduce costs and increase productivity. EDI managed service on demand uses fully supported and commercially available software tools to connect customers with their business partners as a service. 
  • Purchase Management: Handle purchase order writing and track supplier performance through purchase management. It helps reduce inventory levels, enhance cash flows, improve on-time deliveries and increase profit levels. Provides various capabilities that include automated purchasing tools, approving suppliers, order and supplier tracker, mass purchase order and multiple location receipts, requisition management and cross-referencing. 
  • Shipping and Receiving: Monitor incoming and outgoing items with a central application. Improve efficiency, ease of use and accuracy through online transaction and editing. Enables container and receipt tracking, customer and miscellaneous shipment tracking, manifesting and freight management, bill of lading printing and more. 
  • Handheld Application: Track inventory moving throughout the enterprise with the Epicor Handheld application. Provides event-based directing and routing of managed tasks and helps maintain complete transaction history for reporting and analyzing. 
Odoo
Odoo
Start Price
$24.90
Per User, Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked Odoo

Odoo is an affordable, flexible and scalable platform that provides a wide range of integrated applications. Reviewers were predominantly happy with the system and its capabilities, but there were complaints relating to unresponsive and unhelpful customer support, lack of documentation for developers and subpar performance. Otherwise, the system was reviewed as easy to use and powerful.

Pros & Cons

  • Functionality: All reviewers that mentioned functionality in their review said that Odoo provides robust features to manage the entire business.
  • Navigation: With 91% of reviews mentioning navigation being positive, Odoo offers an intuitive, simple and modular user interface and experience.
  • Customization: Though some reviewers mentioned that web-development knowledge or Python-coders are needed to complete system customization, almost 90% of reviewers applauded the customization capabilities of Odoo ERP.
  • Cost: With a free version of Odoo available and a subscription-based per-user pricing system, 88% of reviewers said the solution is affordable and of good value.
  • Integration: The suite of integrated applications and opportunities for third-party integrations yielded 100% positive feedback.
  • Implementation: Amongst mixed reviews and some mentionings of difficult, lengthy implementations, 55% of reviewers said their implementation process was positive.
  • Support: Almost 90% of reviewers mentioning support cautioned long wait times and unsatisfactory responses from the Odoo customer support team.
  • Documentation: All reviews that mention documentation were complaints concerned with a lack of proper guidance to complete customizations.
  • Bugs and Performance: Slow performance and frequent bugs resulted in almost 90% of reviewers portraying the system in a negative light.

Key Features

  • Accounting: The accounting application includes bank synchronization features that automatically sync bank statements. The invoicing tool enables users to manage recurring billings and to track payments. About 95% of the reconciliation process can be automated through this feature. 
  • Project Management: Odoo lets users look at available labor resources when scheduling projects. It can also develop forecasts using historical data from relevant projects and estimate deadlines. Files and notes can be easily attached to tasks so that information is centralized and easily accessed. 
  • Human Resources: The HR function allows employers to receive alerts when leave requests, applications, appraisals and allocation requests are put into the system. Users can track employee hours and sort them by task, client or project. This tool also connects to accounting functionality so that reports can be posted automatically based on actual project duration. 
  • Inventory: Odoo enables users to automate RFQs and use order points to increase supply chain efficiency. The program includes drop-shipping, cross-docking and multi-warehouse functionality. Stock movements can be tracked and traced through lots and serials, both upstream and downstream. 
  • Purchase Management: Using stock levels, Odoo can automatically send RFQs to suppliers. Users can develop procurement rules that are triggered by factors such as sales orders, stock levels and logistic rules. The program maintains supplier price lists. It also assists in making better purchases through the use of data on current promotions and special contract conditions. 
  • Manufacturing: This feature contains the Workcenter Control Panel, which includes quality checks, in process alerts, worksheet display, time tracking and serial/lot number recording. Procurements can be automated by setting up make-to-order or minimum stock rules. The system also supports barcoding, whether a company uses lots or serial numbers. 
  • CRM: Odoo allows users to develop custom dashboards to glean actionable insights and relevant information such as how current performance stacks up to monthly targets. The program enables the scheduling of activities based on sales scripts. By clicking on an opportunity, information such as mail received and website pages viewed can be gathered and can assist in the tailoring of a sales strategy. 
Manhattan Supply Chain
Manhattan Supply Chain
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Why We Picked Manhattan Supply Chain

Manhattan Supply Chain has established itself as a reputable supply chain management software solution, known for its comprehensive features and user-friendly interface. The software provides a suite of tools designed to optimize warehouse operations, transportation management, and inventory control. Users consistently praise the platform's ease of use, highlighting its intuitive design and straightforward navigation, which allows for efficient onboarding and training of new personnel. Additionally, Manhattan Supply Chain's robust analytics and reporting capabilities empower businesses with valuable insights into their supply chain performance, enabling data-driven decision-making and process optimization.

However, some users have expressed concerns regarding the software's cost, which can be a significant investment, particularly for smaller businesses. Furthermore, while Manhattan Supply Chain offers a wide range of features, it may lack seamless integration with certain third-party systems, potentially requiring additional customization or workarounds. Despite these drawbacks, Manhattan Supply Chain remains a compelling choice for businesses seeking a comprehensive and user-friendly supply chain management solution. Its strengths in ease of use, analytics, and inventory optimization make it particularly well-suited for mid-sized to large enterprises with complex supply chain operations. The software's ability to streamline processes, improve visibility, and enhance decision-making can significantly benefit businesses looking to optimize their supply chain efficiency and gain a competitive edge.

Pros & Cons

  • Inventory Management: Manhattan Supply Chain offers robust tools to track inventory levels, manage stock movements, and optimize warehouse operations, leading to improved efficiency and reduced carrying costs.
  • Order Fulfillment: The system streamlines order processing, from receiving orders to picking, packing, and shipping, ensuring timely and accurate deliveries to customers.
  • Transportation Management: Manhattan Supply Chain helps plan and execute transportation routes, select carriers, and track shipments in real-time, optimizing transportation costs and improving delivery performance.
  • Demand Planning and Forecasting: The software provides advanced analytics and forecasting capabilities to predict future demand, enabling businesses to make informed decisions about inventory levels and production planning.
  • Limited Customization: Manhattan's software may not be the best fit for companies with unique or complex supply chain needs due to limited options for customization.
  • Implementation Challenges: The implementation process can be lengthy and complex, requiring significant time and resources, which may disrupt ongoing operations.
  • Cost: Manhattan's products can be expensive, especially for smaller businesses or those with limited budgets. This cost can include licensing fees, implementation costs, and ongoing maintenance fees.
  • User Interface: Some users find the software's interface to be outdated and not user-friendly, leading to a steeper learning curve and potential challenges for new users.

Key Features

  • Warehouse Management: This solution from Manhattan Software provides unique functions dedicated to optimizing warehousing tasks. Streamline inventory placement and increase accuracy throughout critical warehouse processes. 
  • Transportation Management: Cut costs related to shipping and transport with a suite of management tools focused on optimizing delivery processes. This platform provides features that work in the global transport market such as multiple language and currency support.;
  • Value-Added Services: Operations that provide kitting and other value-added services can access functions based on these processes and continue providing them to their clients. 
  • Inventory Management: Manhattan Associates Supply Chain also includes valuable inventory optimization tools. With these, clients can reduce inventory numbers while also discovering stagnant product taking up valuable space. 
  • Integrations: This platform contains numerous integrations that make the exchange of information between partners and clients easier. There are also inclusions that give 3PL providers everything they need to keep their operations running. 
Logility
Logility
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Why We Picked Logility

Logility provides effective features for supply change and transportation management, with users calling out its planning, forecasting and modeling tools as notable strengths. Reviews unanimously indicate that the initial setup is challenging and cumbersome. There’s also a steep learning curve and the software is difficult to customize. However, prompt and effective customer support is offered to help resolve any issues. It has a simple user interface, and users also appreciate how easy it is to manipulate and manage data. Overall, it’s a good choice for companies looking to get extensive supply chain and transportation capabilities.

Pros & Cons

  • Easy to Use: The software is extremely easy to use and navigate through, as reflected by 80% of reviews on the UI.
  • Responsive Support: A team of dedicated consultants with good business acumen offer prompt and effective customer support, according to 100% of reviews on support.
  • Planning and Forecasting: All reviews on this feature indicate that powerful tools for planning, forecasting and modeling, which are accessible anytime and anywhere, are a major benefit.
  • Data Actions: Users can easily upload data, download into Excel and perform mass changes in a few clicks, as suggested by all reviews on data actions.
  • Initial Setup: The initial setup is challenging, as suggested by all reviews on this feature.
  • Learning Curve: According to 65% of reviews on this element, using technical tools involves a steep learning curve.
  • Difficult Customization: Customizing features isn’t simple, as indicated by 100% of reviews on customization.

Key Features

  • Analytics: Leverages complex machine learning, AI and other simulations to automate planning and give insight into supply chain data and functions. Supports planning across large multi-enterprise networks and other complex operations. 
  • Inventory Optimization: Accelerates inventory turns, reduces carrying costs, and reveals the best stocking locations and sizes of inventory buffers. Algorithms and machine learning help create strong inventory policies. 
  • Demand Optimization: Helps deploy optimal inventory based on changes occurring in daily demand while lowering the amount of inventory needed to meet customer service requirements. Attribute demand to specific customers and eliminate non-essential inventory to reduce carrying costs. 
  • Lifecycle Management: Gaining full visibility into projects allows end-to-end control over the lifecycle of an operation. Put financial plans into place so that projects meet their revenue goals and plan to source by vendor and region. 
  • Sourcing Management: Supports RFQ’s (requests for quotes) to aid choosing participating vendors based on the set criterias. Compares suppliers on the global market to each other and issued RFQs. Also optimizes vendor onboarding to aid in vetting factories to mitigate risks. 
  • Supply Optimization: Leverage it to optimize sourcing and production. Automate replenishment as well as set and view a realistic, similar model of a supply chain for a beneficial bird’s eye view. 
  • Integrated Business Planning: Accelerates operational and financial business planning with tools to visualize all merits across multiple scenarios. Helps plan and showcase diverse currencies, and synchronize tactical and strategic plans over a variety of time horizons. 
  • Quality Compliance: Facilitates quality management audits, global logistics and regulatory document management to deliver the right items at the desired place and time. 
  • Retail Optimization: Includes tools for allocation, merchandising and assortment planning, which streamline processes, balance plans across levels, boost overall sales and cut inventory expenses. 

COMPARE THE BEST Contract Lifecycle Management Software

Select up to 2 Products from the list below to compare

 
Product
Score
i
SelectHub’s Analyst Rating is based on data from our 400+ point analysis of Contract Lifecycle Management Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Start Price
Free Trial
Company Size
Deployment
Platform
Logo
NetSuite
$999
Per User, Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
NetSuite
E2open
$549
Annually, Freemium
No
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
E2open
Blue Yonder
$100,000
Annually
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Blue Yonder
Oracle SCM Cloud
$350
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Oracle SCM Cloud
Fishbowl Inventory
$329
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Fishbowl Inventory
Infor Supply Chain Management
Undisclosed
No
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Infor Supply Chain Management
Epicor SCM
$50
Per User, Monthly
No
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Epicor SCM
Odoo
$24.90
Per User, Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Odoo
Manhattan Supply Chain
Undisclosed
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Manhattan Supply Chain
Logility
Undisclosed
No
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Cloud On-Premise
Mac Windows Linux Chromebook Android
Logility

All Contract Lifecycle Management Software (89 found)

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NetSuite

by NetSuite, Inc.
NetSuite
NetSuite ERP is a cloud-based enterprise resource planning (ERP) solution designed to automate and streamline core business processes. It manages all aspects of a company's operations, including financials, accounting, inventory, supply chain, and customer relationship management (CRM). NetSuite is best suited for mid-sized and large businesses with complex needs who require a comprehensive solution to manage their growth. Key benefits include improved visibility, real-time data access, increased efficiency, and enhanced collaboration. Popular features include order management, project management, financial reporting, and business intelligence. User reviews praise NetSuite's scalability, flexibility, and ease of use. However, some users mention the initial implementation cost and learning curve as drawbacks. Pricing is tiered based on the number of users and modules required. Monthly subscription fees can range from $999 to $4,999 per month. Additionally, one-time implementation fees may apply. Pros Scalable Flexible Easy to use Real-time data Improved visibility Cons High cost Steep learning curve Limited customization Integration issues Vendor lock-in
User Sentiment User satisfaction level icon: great
Cost Breakdown
$500 - $1,000
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E2open

by e2open
E2open
E2open's software provides businesses with a comprehensive solution for managing their supply chains. By offering a unified platform, it enables companies to optimize various aspects of their supply chain, including transportation management, demand forecasting, and inventory control. E2open caters to businesses of all sizes seeking to enhance efficiency and visibility within their supply chains. The software's ability to streamline operations and reduce costs makes it particularly beneficial for companies with complex supply chain networks. E2open's pricing structure is typically subscription-based, with fees varying depending on the specific modules and features selected, as well as the size and complexity of the user's supply chain. While user experiences with E2open are generally positive, some users have noted that the platform's extensive functionality can lead to a steeper learning curve.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$500 - $1,000
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Blue Yonder

by JDA Software Group
Blue Yonder
Blue Yonder’s supply chain suite focuses on omnichannel commerce fulfillment. It’s suitable for mid-sized to large firms. It enables real-time collaboration as its tools are linked end-to-end in one place.The Luminate Platform uses cognitive AI and machine learning to catch possible issues and highlight prospects. Users can also set up scenario testing rooms and work together. It recommends actions and provides predictive reports. Its capacity to run scenarios and provide machine-learning-guided actions are standout features. It also supports integration and customization with partners.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
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Oracle SCM Cloud

by Oracle America
Oracle SCM Cloud
Oracle SCM Cloud is a cloud-based supply chain management (SCM) solution designed to help businesses manage their inventories, orders, and logistics more efficiently. It offers a comprehensive suite of features, including procurement, inventory management, warehouse management, order management, and transportation management. Oracle SCM Cloud is best suited for mid-size to large businesses with complex supply chains. It is a scalable and flexible solution that can be customized to meet the specific needs of each business. Some of the important benefits of using Oracle SCM Cloud include improved visibility into supply chain operations, increased agility, reduced costs, and improved customer service. Popular features of Oracle SCM Cloud include its advanced analytics capabilities, its ability to integrate with other Oracle applications, and its user-friendly interface. User reviews of Oracle SCM Cloud are generally positive, with users praising its comprehensive feature set, scalability, and ease of use. However, some users have reported that the solution can be expensive and complex to implement. Pricing for Oracle SCM Cloud is based on a subscription model, with the cost per user per month depending on the specific features and modules that are required. Pros Comprehensive features Scalable and flexible Improved visibility Increased agility Reduced costs Cons Expensive Complex to implement Steep learning curve Limited customization Integration issues
User Sentiment User satisfaction level icon: good
Cost Breakdown
$100 - $500
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Fishbowl Inventory

by Fishbowl
Fishbowl Inventory
Fishbowl Inventory streamlines many supply chain-focused processes that include improving manufacturing, warehouse inventory accuracy and asset tracking. It allows users to integrate with Quickbooks, ShipStation, Amazon and more. It works with operations of all sizes looking to optimize their warehouse administration and solve inventory specific issues. It automates several manufacturing and inventory management issues to optimize strategic portions of the supply chain. It focuses on streamlining processes and saving time across the board.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
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Infor Supply Chain Management

by Infor, Inc.
Infor Supply Chain Management
Infor Supply Chain Management delivers comprehensive solutions to its users that provide real-time orchestration by connecting businesses to their partners and digitally transforming planning to delivery processes. Users can gain real-time visibility and make data-based decisions through robust connections with trading partners and devices. It performs intelligence-driven processes by combining rich data with prescriptive and predictive insights from Infor Coleman AI. Its CloudSuite capabilities and multi-enterprise business network can optimize all operations, from planning and procurement to orchestration and fulfillment. Pros Improved Efficiency Reduced Costs Increased Customer Satisfaction User-Friendly Interface Scalability Cons Complex Initial Setup Expensive for Small Businesses Limited Reporting Capabilities Integration Challenges Steep Learning Curve
User Sentiment User satisfaction level icon: fair
Cost Breakdown
$500 - $1,000
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Epicor SCM

by Epicor Software Corporation
Epicor SCM
Epicor SCM is offered as a module within Epicor’s distribution and manufacturing products Prophet 21, Eclipse and Kinetic. It delivers a comprehensive suite of solutions to its users within a single platform based on service-oriented architecture. Users can get complete visibility throughout the value chain to ensure effective coordination between raw materials and finished product consumption. It offers an array of enterprise capabilities that include purchase, inventory, advanced material warehouse, order and demand management, and sourcing and procurement. Industry expertise is combined with innovative technology to help manufacturers, distributors and retailers gain greater efficiency and eliminate hidden costs.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$10 - $100
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Odoo

by Odoo
Odoo
Odoo offers more than 10,000 integrated business applications for website building, sales, business operations management and employee productivity. It’s available for deployment through the cloud or on-premises, and they offer implementation services. It’s suitable for businesses of all sizes and budgets. Its open-source model and strong technical foundation is developer-friendly and allows users to customize to meet their specific needs. With that being said, it's good for businesses that may have unique requirements. It’s fairly low cost of ownership and ability to centralize all business processes provides ample opportunity for reducing costs. Its integration capabilities allows the user to work from one centralized location, which ultimately can save an organization time.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$10 - $100
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Manhattan Supply Chain

by Manhattan Associates
Manhattan Supply Chain
Manhattan Software’s platform provides a suite of management tools that are designed for larger and more complex operations. Applications for both warehouse and transportation management are included as well. With this supply chain system, users can leverage analytical tools, dashboards, data visibility applications and more while executing vital processes. Included tools help users discover stagnant inventory, manage critical tasks and benefit from a wealth of data.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$1,000 or more
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Logility

by Logility
Logility
Logility focuses on transportation and supply chain management, helping automate, streamline and optimize processes in order to cut costs and increase accuracy. It provides multiple avenues to improve supply chains and contains a wide array of planning and forecasting tools. It employs algorithmic planning to assess and mitigate risks while keeping users informed of any incoming business opportunities. Gain visibility into a variety of supply chain operations and use the valuable data gathered from each to make effective planning decisions.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
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Cavallo

by SalesPad
Cavallo
Cavallo (formerly SalesPad Cloud) is designed for distribution and offers a range of functionality that enables users to better manage every aspect of distribution. It combines inventory management, CRM and reporting in a centralized location to optimize productivity and increase visibility. Add-ons are available to adhere to a company’s unique needs and include DataCollection, AutomationAgent, PayFabric, WebPortal and more. Users can manage and create sales documents, track customer information and manage inventory and non-inventory items. Installation is available through the cloud or via on-site deployment, making it convenient for a range of businesses. The ability to manage and create receipts, purchase orders and assembly transactions is also included.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$10 - $100
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Dynamics 365 ERP

by Microsoft Corporation
Dynamics 365 ERP
Dynamics 365 ERP is a suite of cloud-based applications designed to optimize key functions such as finance, supply chain management, project operations, human resources, sales and customer service.Recognized for its strengths in Customer Relationship Management (CRM), Finance, and Accounting, it stands out in our product directory, delivering 81% of essential features out of the box. Its modular structure allows growing businesses to select and customize components to match specific needs.Users praise Dynamics 365 ERP for its seamless CRM and ERP integration that simplifies workflows, enhances collaboration, and provides actionable insights through advanced analytics and AI-powered tools.Dynamics 365 ERP offers a 30-day free trial. Pricing depends on the selected modules, user licenses and deployment options. For example, Dynamics 365 Business Central’s standard license costs about $70 per user per month, while Dynamics 365 Finance and Operations starts at $210 per user per month for a full license.Implementation costs vary widely, from $16,000 for smaller projects to over $1,000,000 for large-scale deployments. Ongoing support and maintenance fees depend on service agreements with Microsoft or its certified partners. To ensure the best fit, you should evaluate your needs and consult a Microsoft partner for tailored recommendations.Our Research Process for Dynamics 365 ERPDynamics 365 ERP offers a 30-day free trial, but it requires a credit card and only one module can be tested at a time. Due to these limitations, I decided to skip the trial.Instead, I relied on their user reviews, product demo videos, detailed documentation, and success stories to explore the software’s strengths and unique features.Overall, my research shows that Dynamics 365 ERP is highly regarded by users for its seamless integration, extensive customization options, and real-time analytics, all of which contribute to improved business operations.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$10 - $100
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Sage X3

by Sage Group
Sage X3
Sage X3 is a comprehensive enterprise resource planning (ERP) solution designed to deliver industry-specific solutions for food and beverage, discrete and process manufacturing, distribution, chemicals, and services. Core features include integrated finance, production and supply chain management, as well as real-time demand forecasting and inventory monitoring. It also offers complete traceability and quality control. Primarily geared towards businesses with complex needs and international operations, Sage X3 boasts robust multi-currency, multi-language, and multi-company capabilities. It also helps ensure compliance with regulatory standards. Its extensive customization, coupled with cloud and on-premise deployment options, allows businesses to tailor the software and environment to their specific requirements.Some of the key benefits users highlight include improved financial control, optimized inventory management, enhanced project visibility, and streamlined collaboration. Additionally, the solution's intuitive interface and user-friendly features are frequently commended, making it easier for employees to adopt and utilize. While user experiences vary, overall sentiment leans positively towards Sage X3. Users appreciate its comprehensive functionality, scalability, and flexibility. However, some note the initial setup and configuration can be complex, requiring professional assistance.Pricing for Sage X3 is based on factors like the number of users, modules selected, and implementation services required. It typically falls within the mid-range of ERP solutions, with costs varying depending on individual configurations. Pros Rich features and functionality Flexible and customizable Improved financial control Streamlined operations Enhanced business visibility Cons Complex initial setup May require professional assistance Mid-range pricing Limited reporting capabilities (out-of-the-box) Steeper learning curve
User Sentiment User satisfaction level icon: great
Cost Breakdown
$1,000 or more
Company Size
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Deployment
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SYSPRO

by SYSPRO, Inc.
SYSPRO
SYSPRO is a comprehensive Enterprise Resource Planning (ERP) software designed to cater to the needs of manufacturers and distributors. Tailored for small to mid-sized businesses, SYSPRO offers a robust set of features that streamline operations, enhance efficiency, and foster growth. The software stands out for its ability to provide deep insights into the supply chain, inventory management, and financial operations, making it a valuable tool for businesses looking to optimize their processes. One of the key benefits of SYSPRO is its flexibility, allowing it to adapt to the unique needs of various industries. Users often praise its user-friendly interface and the responsive customer support team. When compared to similar ERP products, SYSPRO is noted for its reliability and the comprehensive nature of its features. Pricing for SYSPRO varies based on the specific needs and scale of a business, typically involving a one-time implementation fee followed by ongoing subscription costs, making it a scalable solution for growing businesses.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
Company Size
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Plex Systems

by PLEX Systems
Plex Systems
Plex Manufacturing Cloud uses real-time data to connect and facilitate operations among various business aspects such as finance, distribution and production. It has built-in compliance and approval monitoring tools to ensure that your products are created accurately and with regulations in mind.With Plex software, you also have the ability to develop customized reports and dashboards to make visualization easier and more streamlined. These reporting tools can make developing insights faster and easier, especially when considering the program’s use of actual minute-by-minute data.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$100 - $500
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QAD Supply Chain

by QAD
QAD Supply Chain
QAD Supply Chain is a cloud-based solution that addresses complex operations across manufacturing and supply chain industries. It provides solutions to mitigate risks and enhance supplier performance while improving forecasting, planning and customer experience. Timely inventory information provides suppliers with the latest updates on product availability. It supports flexible deployment options and offers a robust end-to-end planning structure to gain a competitive advantage. It provides seamless integration with various industry-specific modules to improve productivity, increase profitability and streamline processes.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$100 - $500
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HighJump

by HighJump
HighJump
HighJump Software is a platform that provides an agile and scalable management solution. This application focuses on growing with your warehousing operation while providing cloud-based automation and organizational tools. It also works to drive down your costs with role-based task direction and labor management features.This platform gives 3PL providers the tools they need to properly manage multi-client warehousing operations and integrate seamlessly into your favorite ERP software. Out-of-the-box features focus on optimizing your entire warehousing operation while reducing risks and keeping errors to a minimum.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
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SkuVault

by SkuVault
SkuVault
SkuVault is a cloud-based solution that helps users manage end-to-end warehouse operations from purchasing to receiving and order fulfillment. Its automation, quality control, search, and reporting capabilities assist in managing and scaling operations. With powerful modules and rich integrations, it reduces manual errors and improves operational efficiency to boost the bottom line.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$100 - $500
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IBM Sterling

by IBM
IBM Sterling
IBM Sterling is an open, integrated platform that leverages advanced technologies like AI and blockchain to connect with the supplier ecosystem. It provides real-time insights, end-to-end visibility and recommended measures to transform interruptions into customer engagement, profit and growth opportunities. It offers support for supplier, inventory and order management. Users can build smarter business networks using business process improvement, supply chain visibility, supplier collaboration, manufacturing solutions, order fulfillment and retail solutions. It also supports B2B collaboration to fulfill ongoing business demands, minimize complexity and reduce costs.
User Sentiment User satisfaction level icon: great
Cost Breakdown
$10 - $100
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Sage 300 Cloud

by Sage Group
Sage 300 Cloud
Sage 300cloud (formerly known as Sage ERP Accpac) helps businesses manage their finance and bookkeeping needs. It offers handy accounts receivable, accounts payable and general ledger accessories to ease routine processes. Its general ledger accessory has robust consolidation features and easily ciphers intercompany transfers, making it suitable for companies with intricate corporate structures like multi-entities, franchises and companies with international subsidiaries. Its application programming interface (API) and software development kit (SDK) components make it an effective option. It can scale and extend its capabilities to customers in several industries.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$100 - $500
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Buyer's Guide

Contract Lifecycle Management Software Is All About Managing Your Organization’s Contracts

By Sylvia Marak, Technical Writer at SelectHub

CLM Software BG Intro

Contract lifecycle management (CLM) software allows teams to track, store, sign and create reports for corporate agreements. It also provides a unified system for managing each phase of the contract management cycle. It manages your procurement contracts and strengthens the overall supply chain management system.

Executive Summary

  • Contract lifecycle management software simplifies contract negotiations through various lifecycle stages.
  • It lets sales or legal teams collaborate effectively for faster contract turnaround.
  • CLM software uses predefined automated triggers for contract approvals to reduce compliance risks.
  • Create, access, edit and manage multiple contract drafts whenever required.
  • Identify everything you need and prepare a list of questions before selecting a vendor.
What This Guide Covers:

What Is Contract Lifecycle Management Software?

CLM software is a tool that provides businesses with solutions to digitize the contract lifecycle, including:

  1. Contract request
  2. Authoring and negotiation
  3. Approval and legal review
  4. Execution
  5. Repository storage
  6. Records management
  7. Search and retrieval
  8. User activity and reporting

It transforms the entire lifecycle and lets businesses control their supply chain. It automates CLM processes to minimize contract risks, improve productivity and maximize contract value.

The software provides supply chain visibility to monitor and detect upcoming risks and address failures before they occur. It ensures contract compliance and notifies enterprises if a supplier deviates from their contractual commitment.

Contracts keep the business prepared by providing insurance against disruptions. These contracts have certain clauses that specify remedies for unexpected supply chain shortages.

These standardized clauses also mention that the enterprise can analyze, author, negotiate and manage contracts. CLM technology detects early failures to improve resiliency and strengthen the supply chain.

Primary Benefits

Connecting contract processes to order fulfillment or billing minimizes risks, eliminates errors and boosts revenue. Selecting the right CLM software benefits businesses in multiple ways. Let’s narrow down some of the major benefits.

CLM Software Benefits

Contract Lifecycle Management Software Categories

Streamline Processes

Avoid wasting customers’ time during negotiations by providing easy navigation. Maintain transparency and accuracy by entering accurate and updated information. Provide tracking access to stay updated regarding draft changes. CLM systems allow you to access, create and edit multiple drafts to change information from anywhere.

Both parties will receive notifications or alerts whenever there’s a change to the contract.

Eliminate Manual Tasks

Identify patterns and learn from past contracts using AI-enabled CLM software. Legal teams are no longer required to draft contracts manually. With automation, contract managers can automate multiple processes, including clause locking, tokenization, online negotiation, eSign and eStamp integrations, ready templates, smart dashboards, and more.

Enterprises can auto-tag documents with renewal alerts and company details while extracting information from contracts using AI-enabled solutions.

Boost Efficiency

Increase collaboration between internal teams and inter-vertical departments by providing a single platform for managing contracts. Eliminate manual handoff processes by streamlining processes via automation. Each department can log into the CLM tool, update and check for other modifications.

Minimize dependency with AI-enabled clause suggestions, automated workflows and template libraries.

Increase Visibility

Improve contract insights and visibility using centralized repositories for storing documents and metadata. It prevents fragmentation and minimizes time by allowing stakeholders to find relevant information from a single repository. Metadata allows seamless proactive contract management and renewal planning.

Transparent contract history improves decision-making and execution.

Strengthen Customer Relationships

Automate processes to reduce the sales cycle and negotiation delays while improving closing rates. Customers can access contracts using a verified electronic signature. It provides an efficient contracting process that minimizes errors and reduces customer investment time.

Integrating CLM with CRM systems maximizes revenue and reduces costs. It provides better legal solutions and eliminates delayed approval cycles. It ensures compliance, proposals, renewals and negotiations that reduce costs and contract cycle times.

Key Features & Functionality

Contract Creation

Extract relevant data from different libraries and use it to create new templates. Versioning ensures you’re using the latest draft for any updates and changes in the contract.

Use authoring tools while making draft changes to avoid unauthorized modifications.
Security

Provide security that includes two-factor authentication, access permission and encrypted data storage to protect your contracts.

Watermark all contracts with the intended audience’s name to ensure no unauthorized person has access to the draft.
Collaboration

Automate contract requests, online meetings and discussions, and share files in a native contract editing platform.

It seamlessly integrates with web conferencing or IM apps to communicate with stakeholders.
Workflow Management

Set up multiple levels of the approval process to ensure only authorized users can edit contracts. It provides a robust workflow designed to automate approvals, checklists, requests and more.
Audit Trail

Capture records that include spending, contracts, risks, key dates, agreements, messages and annotations to guarantee the contract’s integrity.

It records the time and date of an event, the identity of people who partook in the event and a brief about the activity.
Electronic Signature

Validate transactions and sign documents electronically to reduce the need for physically signing, scanning, printing and faxing documents.

It also stops people from forging signatures.
Template Libraries

Maintain a library with approved templates that are easily accessible Filter and search the latest template required to draft a new contract. It eliminates the time spent looking for the right template to use.

These templates could either be the latest version of your standard non-disclosure agreement or other forms of documentation such as service agreements and more.
Alerts and Notifications

Set up rules for automated alerts and notifications on multiple factors, including expired or renewed contracts, clause inconsistencies, deadlines and negotiations details. It alerts users on different phases of the contract.

Software Comparison

Contract lifecycle management software is a powerful tool every company should implement to reduce supplier risk. However, selecting the right software out of hundreds of vendors can be overwhelming. Before making a final decision, consider these factors.

  • Smart Search: Tag and filtering tools enabling quick retrieval of past data.
  • Automation: Trigger automation for process efficiency.
  • Security: Look out for vendors with security features like data encryption, two-factor authentication, access management and user permissions.
  • Third-party Integration: Enable seamless integration with your accounting and ERP system to extract financial data to evaluate contract ROI.

You can also browse our in-depth software comparison matrix and compare features with other market vendors.

Cost & Pricing Considerations

CLM software pricing can vary depending on the deployment model (on-premise or cloud-based). Vendors usually charge a flat, upfront fee for on-premise deployment with recurring support or maintenance fees. The upfront fee will vary based on the number of users.

Cloud-based deployment pricing is based on a monthly or annual subscription, depending on the number of users.

The Most Popular CLM Software

Now that you’re familiar with the features and benefits of CLM software, here’s a list of the most popular software, according to our analysts.

Oracle SCM

Oracle SCM is a fully featured solution to improve procurement processes. It can quickly create contracts from start to finish while managing the whole document and contract lifecycle. This software streamlines contract creation, enhances risk management and centralizes contracts for better visibility.

Oracle SCM

A preview of procurement and contracts.

SAP Ariba

SAP Ariba is cloud-based software that manages sales and procurement processes, internal agreements, IP licenses and more. It automates the entire contract lifecycle to strengthen contractual and regulatory compliance.

SAP Ariba

Use ASAP’s stock dashboard to view an inventory snapshot, stock information, facility vacancies, and various graphs and charts.

Dynamics 365 SCM

Dynamics 365 SCM provides intelligent support to create, manage and analyze contracts. It optimizes processes and ensures greater efficiency by facilitating negotiation and contract creation between suppliers and buyers. It also offers unique features like versioning, intelligent contract analysis, electronic filing and more.

Dynamics 365 SCM

A preview of its contract management dashboard.

 

 

Questions To Ask

Even if you know which product to buy, it is still important to inquire about the software, vendor and whether it’s worth investing. Let’s begin by asking some internal questions.

CLM Software Key Questions To Ask

  • Is my business still relying on paper-based processes?
  • What implementation and onboarding requirements do I have?
  • What’s my budget? Do I have to pay for ongoing training and support?
  • How will I know whether this software is a good fit for my organization?
  • What type of deployment will I need?

Consider asking the vendor these questions about the software.

  • Do you offer demos and training?
  • Are your features user-friendly?
  • Will the software integrate with existing systems?
  • Do you use automation to manage risk?
  • How often do you review your contract management process?

In Conclusion

Finding contract lifecycle management software that aligns with your business needs is daunting. You need a solution that emphasizes your requirements and meets your list of features. Our free comparison report can help you choose the right features and finalize your purchase decision.

Product Comparisons

About The Contributors

The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content.

Urnesha
By Urnesha Bhattacharjee
Technical Content Writer
Urnesha is a Technical Content Writer at SelectHub, covering supply chain management, TMS, and compensation management. She has worked in content writing, editorship, and translation for the last 7 years. Her dream is to be a lifelong learner and venture out of her comfort zone as she does so. She's passionate about access to quality education, animal rights, and sustainability, among other things. She holds a Master's degree in English literature from the University of Hyderabad. Outside of work, you can find her listening to The Beatles, making memes, or volunteering at an animal NGO.
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Shantashree
Technical Research By Shantashree Das
Senior Analyst
Hailing from the Northeastern state of Assam, India, Shantashree Das completed her Bachelor of Engineering (B.E) in Computer Science and Engineering at the Royal School of Engineering and Technology (now Royal Global University) in Guwahati. She then pursued her Master of Business Administration (MBA) in Operations Management and Marketing at Assam University, India, where she developed a strong interest in ERP. Over the course of her career at SelectHub, Shantashree has gained specialties in various ERP and construction software categories, such as Manufacturing Software, CMMS Software, Construction ERP Software, Warehouse Management Software, Supply Chain Management Software, Distribution Software, Field Service Software, Takeoff Software, Construction Bidding Software, Construction Estimating Software, Construction Management Software, Construction Scheduling Software, and Property Management Software.
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Kankana
Technical Review By Kankana Kalita
Principal Analyst
A seasoned business and research analyst, Kankana Kalita specializes in ERP, CMMS, manufacturing, construction, supply chain, HRMS and CRM. Prior to joining SelectHub, she earned a Bachelor's degree in Computer Science and Engineering, an MBA in Operations and Marketing, and worked in email marketing and logistics.
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Hunter
Edited By Hunter Lowe
Content Editor
Hunter Lowe is a Content Editor, Writer and Market Analyst at SelectHub. His team covers categories that range from ERP and business intelligence to transportation and supply chain management. Hunter is an avid reader and Dungeons and Dragons addict who studied English and Creative Writing through college. In his free time, you'll likely find him devising new dungeons for his players to explore, checking out the latest video games, writing his next horror story or running around with his daughter.
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