Legal Contract Management Software
Automate approvals, track every revision, and ensure compliance from one secure, intuitive workspace—so legal teams spend less time on admin and more time reducing risk
- Instant approval routing with automated workflows
- Always compliant thanks to built-in audit trails
- Complete version clarity with real-time collaboration
“Concord is my one-stop shop for the entire contract lifecycle. It’s Google docs, Microsoft Word, DocuSign and a File explorer, all in one.”
Hannah L., ⭐⭐⭐⭐⭐
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Updated: May 2025 – This comprehensive guide reflects the latest trends, pricing, and capabilities in legal contract management software to help your legal team make informed decisions in 2025.
What is Legal Contract Management Software?
Legal contract management software is a specialized digital solution designed specifically for legal departments to create, review, negotiate, execute, and monitor contractual agreements throughout their lifecycle. It transforms contracts from administrative burdens into strategic assets by automating workflows, ensuring compliance, and providing actionable intelligence.
Key capabilities include:
- AI-powered template creation and clause libraries
- Automated approval workflows and routing
- Online redlining and version control
- Secure e-signature integration
- Centralized searchable repository
- Compliance monitoring and obligation tracking
- Real-time analytics and reporting
Organizations using legal contract management software report 25-30% reduction in contract administration time, 50% faster contract completion, and 75-90% reduction in payment errors.
Most enterprise platforms now incorporate predictive analytics to forecast potential issues before they materialize, transforming legal teams from cost centers into strategic business partners driving organizational value.
Legal Contract Management Statistics
- 20,000-40,000 – Average number of contracts managed by Fortune 1000 companies
- 50%+ – Daily work time spent on contracts by corporate counsel
- 26 seconds – AI contract review time vs 92 minutes for manual review
- $12 billion – Projected market size by 2025
- 86% – In-house lawyers already using generative AI
Table of Contents
Contract Lifecycle Management Evolution
Contract Creation Phase
The contract creation phase is where the foundation of your agreement begins. This critical first step establishes the terms, conditions, and expectations that will guide the entire relationship.
- Manual drafting with inconsistent templates
- Time-consuming approval routing
- Duplicate content across contracts
- Limited visibility into contract status
- AI-powered template suggestions
- Automated approval workflows
- Centralized clause library
- Real-time status visibility
Contract Negotiation Phase
Negotiations can make or break your deals. This phase determines whether the contract will be fair, balanced, and acceptable to both parties - while also meeting your organization's standards and requirements.
- Email-based version tracking
- Offline redlining processes
- Difficulty tracking changes across versions
- Slow approval and review cycles
- Online redlining & real-time tracking
- Version comparison & history
- In-app commenting & discussions
- Mobile access for approval anywhere
Contract Execution Phase
The execution phase transforms an agreement from a draft into a legally binding document. The efficiency of this process can significantly impact your business velocity and relationship management.
- Printing, scanning, and mailing documents
- Manual signature tracking
- Slow multi-party signing sequences
- Manual document distribution after signing
- Secure e-signatures from any device
- Automated signature routing
- Real-time status tracking
- Instant access to executed documents
Contract Compliance Phase
Compliance management is where organizations often struggle most. Without effective systems, companies lose 9.2% of contract value through poor monitoring and missed obligations.
- Manual obligation tracking in spreadsheets
- Periodic manual audits
- Reactive issue management
- Limited visibility into compliance status
- AI-powered obligation extraction
- Automated compliance monitoring
- Proactive deadline notifications
- Real-time compliance dashboards
Contract Renewal Phase
The renewal phase determines whether value is preserved or lost. Without proper management, organizations face auto-renewals of unfavorable terms or service disruptions from missed renewals.
- Calendar-based renewal reminders
- Last-minute renewal decisions
- Limited performance data for negotiations
- Missed renegotiation opportunities
- Automated renewal notifications
- Early renewal planning workflows
- Performance analytics for negotiations
- Strategic renewal opportunity dashboard
Understanding the modern legal contract management challenge
Before exploring technological solutions, it’s essential to understand the multifaceted challenges of modern legal contract management that drive the need for specialized software.
Volume and complexity pressures
The sheer volume of contracts flowing through legal departments has increased dramatically, while their complexity continues to grow. A survey from ALM and Bloomberg Law found that contracts-related tasks represent at least half of the daily work of more than 4 in 10 corporate counsel.
This workload is compounded by:
- Growing regulatory complexity across jurisdictions
- Increased customization requirements from business units
- Expansion of global supply chains with diverse legal frameworks
- Proliferation of novel contract types addressing emerging technologies and business models
- Enhanced stakeholder expectations for rapid turnaround times
Resource constraints and bottlenecks
According to recent research, 75% of in-house legal teams report experiencing headcount freezes despite projections for substantial business growth. This “do more with less” mandate creates acute operational pressure for legal departments already struggling with contract-related bottlenecks.
Traditional manual contract processes compound these constraints through:
- Inefficient drafting processes requiring extensive reworking
- Time-consuming back-and-forth review cycles
- Lack of standardization increasing error risk
- Difficulty tracking obligations and deadlines
- Limited visibility into contract status and performance
Compliance and risk challenges
Beyond operational inefficiencies, manual contract management approaches introduce significant compliance and risk concerns for legal departments:
- Inconsistent contract language creating liability exposure
- Missed contractual obligations leading to penalties or relationship damage
- Difficulty adapting to evolving regulatory requirements
- Inadequate audit capabilities for regulatory or internal compliance
- Limited visibility into contract-related risks across the portfolio
Essential capabilities of legal contract management software
Modern legal contract management platforms integrate several core capabilities that address these fundamental challenges while enabling enhanced legal operations:
Central secure repository with advanced search
At the foundation of effective legal contract management is a centralized, secure repository that serves as the single source of truth for all agreements. Advanced search functionality transforms this repository from a mere storage location to an active knowledge base.
Lucy Ashenhurst, a fractional General Counsel, emphasizes the strategic importance of this capability: “We can offer so much more as strategic partners, problem solvers and project managers – if we can automate a lot of simple work, we can ask for the more interesting work and engage on the big topics that legal brains can be so powerful in solving.”
Key repository features include:
- Comprehensive metadata tagging for efficient organization
- Full-text search across the entire contract corpus
- OCR capabilities for scanning legacy paper documents
- Version control with clear audit trails
- Granular permission settings for appropriate access control
- Advanced encryption and security protections
Automated document generation and workflow management
Legal contract management software significantly streamlines the creation and processing of agreements through:
- Template libraries for consistent contract creation
- Clause libraries with pre-approved language
- Conditional logic for dynamic document assembly
- Automated approval routing based on contract parameters
- E-signature integration for seamless execution
- Status tracking throughout the contract lifecycle
These capabilities address what one healthcare organization contract specialist identified as a critical need: “I want a notification to be sent to me: ‘This contract automatically renewed for this much money’.” Such automated alerts prevent costly oversights and free legal teams from constant manual monitoring.
AI-powered analysis and intelligence
Perhaps the most transformative capability in modern legal contract management software is artificial intelligence, which enables:
- Automated data extraction from agreements
- Risk identification and flagging
- Obligation tracking and monitoring
- Anomaly detection in non-standard terms
- Pattern recognition across the contract portfolio
The efficiency gains are substantial. AI can complete contract reviews in approximately 26 seconds compared to 92 minutes for human reviewers, while achieving 10% higher accuracy.
Collaboration and negotiation support
Legal contract management software enhances the collaborative aspects of contracting through:
- Real-time collaborative editing capabilities
- Version comparison and redlining tools
- Comment and feedback tracking
- Automated negotiation playbooks
- Third-party access portals for external collaboration
Reporting and analytics
Advanced reporting capabilities transform contract data into strategic intelligence through:
- Customizable dashboards for key metrics
- Performance tracking against obligations
- Spend analysis and opportunity identification
- Compliance monitoring and reporting
- Trend analysis across the contract portfolio
Generative AI: The next frontier in legal contract management
While traditional AI capabilities like data extraction have become standard in leading legal contract management platforms, generative AI represents the cutting edge of this technology evolution. This advanced form of artificial intelligence creates new content based on learned patterns and is transforming how legal teams approach contracts.
According to a recent survey, 86% of in-house lawyers are already using generative AI in their work, with some incorporating it into their daily or weekly routines. This rapid adoption reflects the significant value these tools deliver across the contract lifecycle.
Key generative AI capabilities include:
AI-powered contract drafting
Generative AI systems can create initial contract drafts based on specified parameters, drawing from existing templates and clause libraries. While these drafts require human review, they dramatically accelerate the starting point for legal teams. As one legal technology expert notes, generative AI tools “can give you a starting point for a legal document, but a lawyer needs to take it across the finish line.”
Enhanced contract review
Generative AI significantly accelerates contract review by automatically analyzing agreements against organizational playbooks and policies. These tools can identify non-standard terms, suggest alternatives, and provide plain-language summaries of complex provisions. Contract reviews that once took hours can now be completed in minutes, with risk areas clearly highlighted for human attention.
Intelligent contract summarization
Generative AI can instantly produce concise summaries of lengthy contracts, highlighting key terms, obligations, and risk factors. This capability is particularly valuable for legal teams managing large contract portfolios or dealing with complex agreements containing hundreds of pages.
Automated playbook creation
Traditional contract playbooks require extensive manual effort to create and maintain. Generative AI transforms this process by analyzing existing agreements and negotiation histories to automatically generate tailored playbooks. These AI-powered tools identify common clauses, suggest optimal language, and flag areas requiring special attention.
The business impact of legal contract management software
Organizations implementing robust legal contract management solutions report significant operational, financial, and strategic benefits:
Operational efficiency gains
A centralized legal contract management system delivers substantial time and resource savings across the contract lifecycle. The table below highlights key efficiency metrics reported by organizations that have implemented these solutions:
These efficiency gains translate directly to organizational capacity. Cognizant’s implementation of a contract management system for a client reduced renewal efforts by 80% and identified expired licenses still in use, saving the company $3 million.
Legal Contract Management Software Comparison (May 2025)
| Feature | Concord | DocuSign CLM | Ironclad | ContractWorks |
|---|---|---|---|---|
| Starting Price | $399/month (unlimited users) | ~$39/month per feature | Custom pricing | $600-$2,000/month |
| Implementation Time | 1-2 months | 6-12 months | 3-6 months | 2-4 weeks |
| AI Capabilities | Advanced | Moderate | Advanced | Basic |
| E-Signature | Included | Additional cost | Integration required | Limited (5 licenses) |
| Collaborative Editing | Native | Limited | Word-based | Basic |
| User Learning Curve | Low | Moderate | High | Moderate |
| Third-Party Integrations | 5,000+ via Zapier | Limited | Moderate | Limited |
Enhanced compliance and risk mitigation
Legal contract management software significantly strengthens organizational risk posture:
- Improved contract compliance by up to 55% through digitization
- Reduced contract-related legal disputes and associated expenses
- Enhanced data protection through secure, permission-controlled access
- Better visibility into non-standard terms and potential liabilities
A recent survey by Aavenir found that companies using AI-driven risk mitigation strategies experienced a 45% reduction in contract disputes, demonstrating the tangible risk-reduction benefits of advanced contract management capabilities.
Strategic intelligence and decision support
Beyond operational efficiencies, modern legal contract management software delivers strategic insights:
- Real-time visibility into contract portfolios and performance
- Data-driven negotiation strategies based on historical agreements
- Financial forecasting using contract valuation and obligation data
- Supplier performance monitoring and relationship optimization
- Proactive opportunity identification for renewals and renegotiations
According to PwC analysis cited by Contract Logix, enterprises could save 2% of their total annual costs by implementing automated contract management systems to improve contract accuracy and compliance.
Implementation considerations for legal teams
While the benefits of legal contract management software are compelling, successful implementation requires careful planning and execution. Organizations should consider several key factors:
Organizational readiness assessment
Before selecting a legal contract management solution, organizations should assess:
- Current contract volume and complexity
- Existing contract storage locations and formats
- Stakeholder needs across departments
- Available resources for implementation
- Data security and compliance requirements
This assessment establishes critical baselines for both solution selection and subsequent ROI evaluation.
Feature prioritization based on pain points
Not all legal contract management capabilities deliver equal value to every organization. Implementation teams should prioritize features based on:
- Primary pain points in current processes
- Volume and complexity of contracts
- Industry-specific compliance requirements
- Integration needs with existing systems
- Budget constraints and phasing opportunities
Implementation timeline and approach
Implementation timelines vary significantly based on solution complexity, data migration requirements, and organizational factors. Research indicates that while some implementations can be completed in under a month, 72% of legal teams report implementations taking at least two months, with 20% extending beyond six months.
A phased implementation approach often delivers the best results:
- Phase 1 (0-3 months): Conduct inventory audit, standardize naming conventions, establish baseline metrics
- Phase 2 (3-6 months): Repository setup, data migration, user training, automated alerts
- Phase 3 (6-12 months): Advanced features, integration with other systems, reporting refinement
Change management and adoption planning
The success of legal contract management software depends heavily on effective adoption. Organizations should develop comprehensive change management plans that include:
- Executive sponsorship and visible leadership support
- Targeted training programs for different user groups
- Early engagement of key stakeholders
- Clear communication of benefits and expectations
- Celebration of early wins and success stories
According to the 2024 ACC Chief Legal Officers report cited by ContractPodAi, 45% of Chief Legal Officers will invest in new technology solutions to boost operational efficiency this year—the highest figure since 2021. This investment priority signals growing recognition of how streamlined contract management can enhance processes and reduce risks.
ROI calculation framework for legal contract management
Quantifying the return on investment from legal contract management implementation should incorporate both direct and indirect benefits:
Cost factors
- Software licensing/subscription costs
- Implementation services and support
- Training and change management
- Data migration and normalization
- Ongoing administration and maintenance
Benefit factors
- Time savings from automated processes
- Cost avoidance from better renewal management
- Risk reduction and compliance improvement
- Improved contract terms through better visibility
- Strategic value from contract intelligence
Organizations implementing legal contract management solutions commonly report ROI timeframes of 6-18 months, with ongoing annual benefits significantly exceeding implementation and subscription costs.
ROI Calculation Framework for Legal Contract Management (May 2025)
Recent studies in 2025 have shown that organizations implementing legal contract management software can achieve significant financial returns. According to a comprehensive analysis by Forrester Research, companies implementing modern CLM solutions achieved a 356% ROI over three years, with an average of $4 million in contract processing cost savings.
Key ROI Metrics for Legal Teams
- Time Savings: 25-30% reduction in contract administration time
- Cost Reduction: 10-30% lower contract management costs
- Risk Mitigation: 55% improvement in contract compliance
- Revenue Impact: Prevention of the average 9.2% annual revenue loss from poor contract management
- Process Efficiency: 80% reduction in renewal management effort
Calculate your organization’s potential ROI from implementing Concord’s legal contract management solution:
Try Our ROI CalculatorCase Study: How Pima Community College Increased Grant Funding with Concord
Last Updated: May 2025
Challenge
Pima Community College (PCC) relies heavily on grants and contracts—representing approximately 20% of its annual operating budget—to fund vital programs and support students. Before implementing a centralized contract management system, PCC faced several critical challenges:
- Fragmented communications scattered across email chains
- Limited visibility into contract status
- Inefficient approval processes causing delays
- Difficulty tracking deadlines for time-sensitive grant applications
These issues jeopardized grant opportunities and created significant administrative burdens for the college’s staff.
Solution
PCC implemented Concord’s legal contract management software to create a centralized platform for all grant-related contracts and communications. The implementation focused on:
- Centralizing all contract-related communications in a single platform
- Streamlining approval workflows for faster processing
- Creating flexible permission settings to balance access with security
- Establishing real-time visibility into contract status
Results
Within the first year of implementing Concord, Pima Community College achieved significant improvements:
- Increased successful grant applications, directly translating to additional funding for critical student programs
- Significantly reduced time required for General Counsel approvals
- Shortened overall contract development cycle, allowing PCC to meet tight grant application deadlines more reliably
- Enhanced collaboration through centralized communication that kept all stakeholders informed
- Improved oversight through centralized tracking that provided unprecedented visibility into contract status
“It gives us the ability to have those discussions right in the discussion tab. And it sends out emails so everybody stays in the loop.”
— Julie Dell’Aglio, Executive Director for Sponsored Programs, Grants and Contracts at PCC
Future directions: The evolving legal contract management landscape
As legal contract management technology continues to evolve, several emerging trends will shape future capabilities:
Enhanced AI and predictive analytics
The next generation of legal contract management systems will feature increasingly sophisticated AI capabilities:
- Predictive analytics identifying potential risks before they materialize
- Automated compliance monitoring against evolving regulatory frameworks
- Self-optimizing contract language recommendations
- Natural language processing for conversational contract interaction
These advancements will transform legal contract management from reactive oversight to proactive strategic guidance.
Integration with broader legal technology ecosystem
Legal contract management platforms are increasingly connecting with other legal technology solutions to create unified digital ecosystems:
- Matter management system integration for holistic case visibility
- E-billing coordination for comprehensive financial management
- Legal research platform connections for enhanced compliance
- Litigation management tools for dispute resolution support
Sustainability and ESG integration
The growth of Environmental, Social, and Governance (ESG) reporting requirements is driving new legal contract management capabilities:
- ESG clause identification and monitoring
- Supplier sustainability qualification tracking
- Regulatory compliance documentation
- Carbon footprint management through contract terms
These capabilities enable organizations to align contract practices with broader sustainability initiatives while maintaining documentation for reporting requirements.
Conclusion: From administrative burden to strategic asset
Legal contract management software has evolved from basic document storage to sophisticated operational platforms that transform how legal departments function. By centralizing, automating, and enhancing contract processes, these solutions deliver substantial operational efficiencies while providing strategic insights previously buried in static agreements.
Organizations implementing these platforms report significant improvements in efficiency, compliance, and decision-making capabilities. According to Goldman Sachs analysis cited by Contract Logix, automated contract management systems can reduce payment errors by 75-90%, lower contract management costs by 10-30%, and cut required headcount by 10-20%. These operational benefits create a compelling business case for implementation.
As artificial intelligence and integration capabilities continue to advance, legal contract management software will increasingly serve as strategic nerve centers connecting legal operations to broader organizational objectives. This evolution transforms contracts from administrative necessities into valuable strategic assets that enhance organizational value and competitive position.
For legal teams evaluating contract management solutions, the key consideration is not whether such systems deliver value, but rather how to implement them most effectively to address specific organizational needs and capture maximum benefit from their contract ecosystem.
Frequently Asked Questions About Legal Contract Management Software
What is legal contract management software?
Legal contract management software is a specialized digital solution designed for legal departments to manage contracts throughout their entire lifecycle. It provides purpose-built features for legal teams including automated workflow routing, obligation tracking, compliance monitoring, and risk assessment tools tailored specifically to legal agreements.
Unlike generic document management systems, legal contract management software addresses the unique requirements of legal operations with features like clause libraries, legal-specific metadata, approval workflows based on contract parameters, and integration with legal research platforms.
How much time can legal teams save with contract management software?
Legal teams report significant time savings across multiple areas:
- 25-30% reduction in overall contract administration time
- 50% faster contract completion cycles
- 80% reduction in renewal processing efforts
- 26 seconds for AI contract review vs 92 minutes manual review
- 82% reduction in time spent on routine contract tasks
These efficiency gains allow legal teams to shift focus from administrative tasks to strategic business support and higher-value legal work.
What is the best legal contract management software for growing businesses?
Concord stands out as an ideal legal contract management solution for growing businesses due to its combination of powerful features and ease of implementation.
Key advantages of Concord for legal teams include:
- Pre-approved templates and clause libraries for consistency
- Automated approval workflows that ensure compliance
- Full audit trail for regulatory requirements
- Implementation in as little as 1 day (vs months for competitors)
- Unlimited contracts and e-signatures included
- AI-powered Agreement Intelligence for data extraction
As one customer stated: “Concord is my one-stop shop for the entire contract lifecycle. It’s Google docs, Microsoft Word, DocuSign and a File explorer, all in one.”
How does AI enhance legal contract management?
AI transforms legal contract management through multiple capabilities:
- Automated contract drafting: AI creates initial drafts based on templates and parameters
- Enhanced review: Automatically analyzes agreements against playbooks and policies
- Intelligent summarization: Produces concise summaries of lengthy contracts
- Risk identification: Flags non-standard terms and potential issues
- Obligation tracking: Extracts and monitors contractual commitments
86% of in-house lawyers are already using generative AI in their work, with AI completing contract reviews in 26 seconds compared to 92 minutes for manual review, while achieving 10% higher accuracy.
What ROI can legal departments expect from contract management software?
Organizations implementing legal contract management software typically see:
- 6-18 month payback period
- 75-90% reduction in payment errors
- 10-30% lower contract management costs
- 10-20% reduction in required headcount
- 2% of total annual costs saved through improved accuracy
- $3 million saved in one implementation by identifying expired licenses
These returns significantly exceed implementation and subscription costs, making legal contract management software a high-ROI investment.
What features are essential for legal contract management?
Essential features include:
- Clause libraries: Pre-approved language for consistency
- Playbook integration: Automated compliance with legal policies
- Redlining capabilities: Track changes and negotiation history
- Legal-specific workflows: Approval routing based on risk levels
- Matter management integration: Link contracts to legal matters
- Privilege management: Protect attorney-client communications
How do legal teams ensure compliance with contract management software?
Software ensures compliance through automated obligation tracking, audit trail maintenance, regulatory requirement mapping, automated approval workflows based on contract value/type, and real-time monitoring of contractual commitments. Concord’s platform includes built-in compliance features that align with legal department requirements for SOX, GDPR, and other regulations.
Can legal contract management software handle different jurisdictions?
Yes, advanced platforms support multi-jurisdictional requirements through jurisdiction-specific templates, governing law clause management, multi-language support, regional compliance tracking, and local e-signature standards. This enables global legal teams to manage contracts across different legal frameworks while maintaining consistency.
What security certifications should legal contract management software have?
Critical certifications include:
- SOC 2 Type II: Verified security controls
- ISO 27001: Information security management
- GDPR compliance: Data privacy protection
- HIPAA compliance: For healthcare contracts
- CCPA compliance: California privacy requirements
Concord maintains these certifications plus implements Zero Data Retention policy for AI training.
How do legal teams measure success with contract management software?
Key metrics include contract cycle time reduction, compliance rate improvements, cost per contract processed, time saved on routine tasks, risk incidents avoided, and user adoption rates. Concord provides built-in analytics dashboards to track these KPIs and demonstrate value to stakeholders.
What training is required for legal teams?
Training requirements vary by role:
- Contract managers: 4-6 hours on full platform capabilities
- Legal reviewers: 2-3 hours on review and approval features
- Business users: 1-2 hours on contract requests and viewing
Concord’s intuitive interface minimizes training needs, with most users productive within hours.
How does contract management software integrate with legal tech stacks?
Integration points include e-billing systems for cost tracking, matter management platforms for linking contracts to cases, legal research tools for clause validation, DMS for document storage, and corporate legal operations dashboards. Concord offers APIs and pre-built connectors for seamless integration with existing legal technology.
What’s the difference between legal CLM and general CLM?
Legal CLM includes specialized features like attorney-client privilege protection, legal hold capabilities, court filing integration, bar admission tracking for signatories, and legal-specific reporting. General CLM focuses on business contracts without these legal-specific requirements. Concord bridges both with features supporting legal and business teams.
How do legal departments handle contract templates?
Best practices include maintaining version-controlled template libraries, implementing approval processes for template changes, tracking template usage and effectiveness, and customizing templates by jurisdiction/business unit. Concord’s template management ensures only current, approved versions are used while maintaining flexibility for authorized modifications.
What are common implementation challenges for legal teams?
Common challenges include change resistance from traditional processes, data migration from legacy systems, integration with existing legal tech, and ensuring adoption across business units. Concord addresses these through rapid implementation (1 day vs months), intuitive interface requiring minimal training, and dedicated customer success support throughout deployment.
How to Select and Implement Legal Contract Management Software
A proven approach to selecting and implementing legal contract management software for maximum value.
Step 1: Assess Your Legal Department’s Needs
Start by evaluating your current state:
- Document your contract volume and complexity
- Identify primary pain points (e.g., slow approvals, missed renewals)
- Map existing contract storage locations
- Define success metrics and ROI targets
- Assess integration needs with existing systems
Step 2: Evaluate Concord’s Legal Contract Management Platform
Consider Concord’s specific advantages for legal teams:
- Pre-approved templates: Ensure consistency across all contracts
- Automated workflows: Route approvals through legal automatically
- Clause library: Maintain legally-compliant language
- Full audit trail: Meet compliance requirements
- Fast implementation: Go live in as little as 1 day
Schedule a demo to see how Concord addresses your specific legal requirements.
Step 3: Plan Your Implementation
Create a phased implementation plan:
- Phase 1 (Month 1): Set up repository, migrate priority contracts, train core team
- Phase 2 (Month 2): Configure workflows, create templates, expand user base
- Phase 3 (Month 3): Integrate systems, implement advanced features, measure results
Concord’s implementation team provides templates and best practices to accelerate deployment.
Step 4: Drive Adoption and Measure Success
Ensure successful adoption:
- Secure executive sponsorship and communicate benefits
- Provide role-specific training for different user groups
- Celebrate early wins and share success stories
- Monitor usage through Concord’s analytics dashboards
- Track ROI metrics: time savings, cost reduction, compliance improvement
Organizations using Concord report transformative results, including 50% reduction in contract management time and millions in cost savings.
Expected Outcome: By implementing Concord’s legal contract management software, legal departments typically achieve 25-30% reduction in administration time, 50% faster contract cycles, and significant compliance improvements within the first year.
About the Author
About Concord: Concord empowers growing businesses to make smarter operational decisions by unlocking actionable insights from all their contracts using Agreement Intelligence. Trusted by over 1,500 companies and 1 million users worldwide, Concord enables people to swiftly sign agreements and easily access crucial business data. www.concord.app
Eliminate bottlenecks and streamline business
- Ditch the email back-and-forthMove your internal and external edits, redlines, and comments out of your inbox and accelerate the contract review process.
- Shorten approval wait timeSpeed-up internal approvals with workflows that automatically send documents through the right approval process with your legal team.
- Create pre-defined workflowsTake the guesswork out of approvals and set up pre-defined workflows for your templates. When you update your workflow library, all document workflows automatically update too.
Help legal teams meet compliance requirements
- Access a full audit trailAll versions, comments, edits, and actions are kept in a comprehensive audit trail, so your business remains compliant years after a contract has been signed.
- Keep track of all versionsEvery change made to a document is automatically saved to ensure you will never lose track of what’s changed.
- Use legally-binding e-signatureEnable fully-executed contracts with Concord’s built-in legally admissible e-signature — at no additional cost.
Empower legal teams and boost efficiency
- Standardize all contractsCreate pre-approved templates for MSAs, TOSs, or any other type of agreement for all teams across your organization to easily access and use.
- Provide pre-approved alternative clausesCreate default clauses and pre-approved alternative clauses your teams can use within their document with Concord’s clause selector.
- Ensure clauses are consistent across all templatesUse Concord’s dedicated clause library to ensure all teams use consistent, legally-compliant clauses. When you update your clause library all templates with that clause automatically update too.