If you’re reading this, you’re familiar with Concord and some of the things it brings to the table. It’s a solid tool but not ideal for everyone which is why Concord alternatives are more important than ever.
In this guide, we’ll take a closer look at Concord, the key features that Concord alternatives should have, and then share 7 of the best Concord alternatives to try this year and in the future.
What is Concord?
Concord is an online platform that offers contract management software and services. It provides tools to create, negotiate, sign, store, and manage contracts electronically. The platform aims to streamline the contract management process, improve collaboration, and enhance efficiency in handling contracts for businesses and organizations.
It offers features such as contract creation templates, electronic signatures, contract tracking, and document storage. All things considered, it has a solid set of features designed to serve your contract needs.
Important features of Concord alternatives
Contract lifecycle management (CLM) software typically offers a range of features designed to streamline and manage the entire lifecycle of contracts. Here are some key features commonly found in CLM software:
- Contract Creation and Authoring: CLM software allows users to create contracts from templates or by starting from scratch. It provides tools for editing, formatting, and customizing contract clauses, terms, and conditions.
- Contract Collaboration and Negotiation: CLM software facilitates collaboration among stakeholders involved in the contract process. It allows multiple parties to review, comment, redline, track changes, and negotiate contract terms within a centralized platform.
- Document Storage and Version Control: CLM software provides a secure repository for storing contracts and related documents. It maintains version history, enabling users to track changes, compare versions, and access the most up-to-date contract.
- Approval Workflow and Electronic Signatures: CLM software streamlines the approval process by automating workflow and routing contracts to the appropriate individuals for review and approval. Electronic signature capabilities enable parties to sign contracts digitally, eliminating the need for physical signatures.
- Contract Templates and Clause Libraries: CLM software often includes a library of pre-approved contract templates and standard clauses to ensure consistency, reduce errors, and save time during contract creation.
- Contract Obligations and Milestone Tracking: CLM software helps monitor contract obligations, deadlines, and milestones. It can send automated reminders and notifications to ensure compliance and avoid missed deadlines.
- Contract Performance and Analytics: CLM software provides insights and analytics on contract performance, such as contract cycle times, renewal rates, and key terms. It enables users to track contract value, identify bottlenecks, and make data-driven decisions.
- Risk Management and Compliance: CLM software helps identify and mitigate risks by flagging potential issues, ensuring compliance with regulations and policies, and providing visibility into contract terms and obligations.
- Integration and Workflow Automation: CLM software often integrates with other business systems such as CRM, ERP, and procurement platforms. It automates data exchange, streamlines processes, and enhances efficiency by eliminating manual tasks.
- Reporting and Audit Trails: CLM software generates reports on contract status, performance, and compliance. It maintains an audit trail, documenting all activities, changes, and communications related to a contract for transparency and legal purposes.
Best Concord Alternatives
DoxFlowy is an intuitive document automation and contract management solution that has been designed from the ground up for small and medium businesses. Its goal is to help customers streamline their workflow, reduce costs associated with paperwork, and help you run a more efficient organization.
It brings a wide range of document automation features and an intuitive interface that makes it easy to manage contracts. Its AI document drafting engine speeds up contract creation by up to four times and makes sure you have all the right clauses.
Additionally, customers have access to electronic signature software, which is compliant with major regulations such as the ESIGN Act and UETA (European Union). You can include the easy-to-use electronic signatures as part of your workflow or use it to sign standalone documents.
You can customize the intuitive data collection questionnaires to ensure they match your brand. It also supports form conditional logic to make sure only the right data is collected from the right people. The conditional logic engine is also present in the document editor so you can automatically insert relevant images, change clauses, and more based on inputs processed through the questionnaire. This gives you a lot of flexibility to create multiple documents with a single template.
This leads to the next feature of creating dynamic templates based on your needs. You can either take advantage of the available templates on the platform or create your own. These templates are the core of your document and contract management. When creating the template, you can also take advantage of the AI document editor that has been trained with billions of data points and is well-equipped to help you create robust legal documents.
Invite people to your team, invite people that aren’t on your team to collaborate on specific contracts (revoke access at any time), and run a more efficient operation.
DoxFlowy also comes with a document repository that allows you to quickly search through all your documents and unearth the relevant ones. You can also create folders to store documents so that it’s easier to organize them and share them with other members of your team.
DoxFlowy has three pricing plans. Each one is divided based on the features you have access to and the usage limits on your plan.
- Core – $99/m
- Team – $199/m
- Business $499/m
2. Contract Logix
Contract Logix is a comprehensive contract management software solution that aims to streamline and optimize the entire contract lifecycle for organizations. It provides a wide range of features and tools to help businesses effectively manage their contracts, reduce risks, and enhance collaboration among team members.
One of the key features of Contract Logix is its centralized contract repository. The platform offers a secure location to store all contract documents, associated files, and related documents. This allows users to access contracts and relevant information from a single, organized location, improving efficiency and reducing the chances of information being scattered or lost.
The software also provides powerful contract creation and authoring capabilities. Users can create contracts using customizable templates or by starting from scratch. Contract Logix offers features such as editing, formatting, and importing contract data to facilitate the contract creation process. By leveraging predefined templates and standardized formatting options, organizations can ensure consistency and save time when generating contracts.
Collaboration and approval workflows are simplified through Contract Logix. The platform enables team members to collaborate on contracts in real time, allowing them to review, comment, and track changes efficiently. Configurable workflows streamline the approval process, ensuring that contracts go through the appropriate channels for review and approval. This feature enhances collaboration and helps teams work together seamlessly, regardless of geographical location.
The platform offers robust contract negotiation capabilities. Contract Logix facilitates the negotiation process by allowing parties to redline documents, track changes, and manage negotiations within the platform itself. This streamlines the negotiation process, improves communication, and ensures all parties are on the same page when finalizing contract terms and conditions.
Contract Logix also focuses on contract obligations and notifications. It helps organizations track and manage contract obligations, deadlines, and milestones. Users can set up automated notifications and reminders to ensure timely performance and compliance with contractual obligations. This feature minimizes the risk of missed deadlines or overlooked obligations and enables proactive management of contracts.
The software offers integration capabilities, allowing seamless data exchange with other systems such as customer relationship management (CRM) or enterprise resource planning (ERP) platforms. This enables organizations to synchronize contract-related data and streamline their overall business processes.
Contract Logix prioritizes data security and provides role-based access controls. It ensures that only authorized personnel can access sensitive contract information, enhancing data protection and confidentiality.
Contract Logix doesn’t display pricing publicly so you’ll need to communicate with the sales team to get a quote.
ContractWorks is a contract management software focused on simplifying and streamlining contract management processes for businesses. It offers a range of features to help organizations efficiently store, track, and manage their contracts. What sets ContractWorks apart are its unique features that contribute to its user-friendly interface and enhanced contract management capabilities.
One of the standout features of ContractWorks is its intelligent contract OCR (optical character recognition) capabilities. This feature automatically scans and extracts relevant data from uploaded contracts, such as key terms, dates, and parties involved. By leveraging OCR technology, ContractWorks eliminates the need for manual data entry, saving time and reducing the risk of human errors. It enables users to quickly search and locate specific contract information within the platform.
Another unique feature of ContractWorks is its advanced search functionality. The platform allows users to perform detailed searches across contracts based on specific criteria, such as contract type, keywords, or custom tags. This feature enhances contract retrieval and enables users to locate specific contracts or contract terms efficiently. It saves time and increases productivity by eliminating the need for manual sorting or searching through numerous documents.
ContractWorks also offers a user-friendly and intuitive interface, making it easy for users to navigate and access contract information. The platform provides a clear and organized overview of contract details, such as contract status, key dates, and associated parties. This user-friendly design ensures that users can quickly find the information they need and perform tasks efficiently.
The platform also includes built-in electronic signature functionality. This allows users to digitally sign contracts within the system, eliminating the need for physical signatures and enabling faster contract execution. The electronic signature feature ensures that the contract management process remains seamless and efficient from start to finish.
ContractWorks has multiple pricing plans which are divided based on the limits applied for the available features and the number of default user licenses.
Standard – $700/m – 2,500 documents generated.
Professional – $900/m – 10,000 documents generated.
Premium – $2,000/m – unlimited document generated a month.
Outlaw is another contract management platform that’s been designed to handle the entire contract lifecycle for a wide range of organizations. It offers a comprehensive set of features and tools to create, negotiate, sign, and manage contracts in a user-friendly and collaborative environment.
One of the key features of Outlaw is its contract creation and authoring capabilities. The platform provides users with intuitive tools to create contracts from scratch or utilize customizable templates. Users can easily draft and customize contracts with a user-friendly editor, making it convenient to tailor contracts to specific requirements and ensure consistency across documents.
Outlaw also focuses on streamlining the contract negotiation process. It enables collaborative contract redlining, allowing multiple parties to review, comment, and make changes to contract terms within the platform. The negotiation process is facilitated through real-time collaboration, making it easy to track changes, maintain version control, and ensure all stakeholders are aligned during the negotiation phase.
Another notable feature of Outlaw is its built-in electronic signature functionality. This allows users to digitally sign contracts directly within the platform, eliminating the need for physical signatures and time-consuming back-and-forth exchanges. Electronic signatures enhance the speed and efficiency of contract execution while maintaining legal compliance and security.
The platform provides a centralized contract repository for storing and organizing contracts and related documents. Users can easily search and retrieve contracts using keywords, tags, or other metadata, enabling quick access to important contract information. Additionally, Outlaw offers secure cloud storage, ensuring that contracts are stored safely and accessible to authorized users anytime, anywhere.
Outlaw also includes contract workflow and approval automation capabilities. Users can set up customizable approval workflows, define roles and permissions, and automate the routing of contracts for review and approval. This feature simplifies the contract approval process, enhances collaboration among stakeholders, and ensures contracts move through the necessary stages efficiently.
Furthermore, Outlaw offers advanced analytics and reporting features. Users can generate reports and gain insights into contract performance, such as contract cycle times, approval bottlenecks, and key contract metrics. These analytics enable data-driven decision-making, identify areas for process improvement, and provide valuable insights into contract management practices.
Like many of the tools on this list, Outlaw doesn’t publicly display pricing. Instead, you’ll need to reach out to the sales team see how much it’ll cost in your situation.
Legito is a document automation and contract management platform that automates and streamlines the process of creating, managing, and collaborating on contracts. It offers a range of features and tools designed to simplify contract management tasks and increase efficiency.
One of the unique features of Legito is its intuitive document automation capabilities. The platform allows users to automate the creation of contracts and legal documents using pre-defined templates. By leveraging intelligent variables and conditional logic, Legito can generate personalized and accurate contracts in a fraction of the time it would take to manually draft them. This feature significantly reduces the risk of errors and enables users to create high-quality contracts efficiently.
Legito also stands out with its extensive clause and template library. It provides a comprehensive collection of pre-approved clauses and templates that can be easily customized to fit specific contract requirements. This feature allows users to leverage best practices and standard language, ensuring consistency across contracts and saving time in the drafting process.
Another unique aspect of Legito is its integration capabilities. The platform can integrate with other business systems, such as CRM or document management systems, enabling seamless data exchange and process automation. This integration feature enhances efficiency by eliminating the need for manual data entry and promoting data consistency across systems.
Legito has two public pricing plans and another plan that’s custom-tailored to enterprise users. Each plan is divided based on usage limits and the features available.
- Basic $360/3 months
- Small Business $2,880/3 months
Revv is a versatile document automation and contract management platform that aims to simplify and optimize the document creation and management process for businesses. With its comprehensive set of features and intuitive interface, Revv empowers users to create, collaborate on, sign, and manage documents efficiently.
One of the unique features of Revv is its powerful document automation capabilities. The platform enables users to automate the creation of complex documents, such as contracts, proposals, and agreements, using customizable templates and intelligent variables. This feature significantly reduces the time and effort required to create documents while ensuring consistency and accuracy across multiple templates and versions.
Users can easily send documents for electronic signature directly within the platform, eliminating the need for manual printing, scanning, and mailing. The integration with e-signature providers streamlines the signing process, enhances efficiency, and enables faster contract execution.
Another notable feature of Revv is its robust collaboration functionality. Users can collaborate on documents in real-time, enabling simultaneous editing, commenting, and tracking changes. This promotes efficient collaboration among team members and external stakeholders, facilitating faster decision-making and reducing the back-and-forth typically associated with document collaboration.
Revv offers advanced workflow automation capabilities. Users can define customizable approval workflows and automate the routing of documents for review and approval. With the ability to set up sequential or parallel approval processes, users can ensure that documents progress through the appropriate channels and receive timely approvals. This feature enhances efficiency, reduces bottlenecks, and improves overall document management.
Revv doesn’t publicly share pricing so you’ll need to contact the team to determine exactly how much you’ll need to pay.
Ironclad is a contract lifecycle management platform and one of the best concord alternatives that’s designed to simplify and automate the contract management process for organizations. It offers a range of features and capabilities to streamline contract creation, negotiation, signing, and management, with a focus on enhancing collaboration and efficiency.
One of the unique features of Ironclad is its intuitive and user-friendly contract authoring functionality. The platform provides a user-friendly interface that enables users to easily create contracts from scratch or utilize customizable templates. With its drag-and-drop editor and smart clause library, users can efficiently draft contracts and leverage pre-approved clauses to ensure consistency and accuracy in contract language.
Ironclad also stands out with its powerful contract collaboration capabilities. The platform enables seamless collaboration among internal and external stakeholders throughout the contract lifecycle. Users can securely share contracts, track changes, and engage in real-time discussions and negotiations within the platform. This feature enhances collaboration, speeds up the negotiation process, and improves transparency and accountability among contract stakeholders.
Another notable feature of Ironclad is its AI-powered contract analysis and extraction capabilities. The platform utilizes artificial intelligence to extract key contract metadata and analyze contract terms and clauses. This enables users to quickly search and locate specific contract information and gain insights into contractual obligations, risks, and opportunities. The AI-powered analysis feature enhances contract visibility, enabling users to make informed decisions and mitigate risks effectively.
Ironclad also offers seamless integrations with other business systems, such as CRM or document management platforms. This integration capability allows for the seamless flow of data between systems, eliminating manual data entry and ensuring data consistency across different platforms. By integrating with other tools, Ironclad enhances efficiency and eliminates silos in contract management processes.
Ironclad also doesn’t publicly display its pricing so it’s necessary to reach out to the company to understand exactly how much you’ll be required to pay.
As you can see, there are many Concord alternatives and each one brings something different to the table. If you’re keen on automation, DoxFlowy is a great option but if you’re more concerned with collaboration and contract monitoring then Ironclad is a great choice. there are many contract management solutions on the market. Each one is similar yet slightly different from the other. Go through this list and shortlist the ones that have the features at the top of your list.
Obviously, there’s no right or wrong tool – only the best tool for your situation. This guide has introduced you to some of the best tools available on the market and it’s up to you to shortlist and choose the one that makes the most sense for your situation.
Let me know what you think in the comments and don’t forget to share.
From there, dive deep, test them out, and make sure it’s right for you.
Let me know what you think in the comments and don’t forget to share.