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Procurement Market Intelligence Report

Contract Management Software Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Contract Management Software?

What is the average price of Contract Management Software?

This procurement report includes pricing information to help you purchase Contract Management Software. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Contract Management Software been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Contract Management Software yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Contract Management Software?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Contract Management Software with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Contract Management Software?

Market share concentration is low, and none of the nearly 400 providers own more than 10.0% of the total market by revenue. Although contract management software may have various additional features, most of them do not require customization. As a result, buyers have a large pool of qualified vendors to... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Access & Organization

What customization options do you have to organize and manage specific contracts?

Can your software restrict access to contracts for certain users?

Can your software be accessed by mobile devices?

Can your software track changes in contracts?

Can your software search through the text of specific contracts?

Security

What security options does your software provide?

Are contracts protected by authentication, encryption and password protection?

How does your software back up or restore deleted contracts?

Can your software restrict access to contracts for certain users?

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Key elements for every RFP

What should my Contract Management Software RFP include?

Project Budget

Buyers should reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.

Buyers should request vendors specify the cost of implementation.

Buyers should request vendors to specify the cost of training and maintenance fees.

Selection Criteria

Buyers should select vendors based on their ability to meet the desired features requested in the RFP.

Buyers should select vendors that are able to provide high-quality customer service.

Buyers should select vendors that have strong recommendations from past clients.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the date proposals are due.

Buyers should include the date the selected vendors will be invited to give software demonstrations.

Buyers should include the date pricing proposals are due.

Buyers should include the date the contract award will be announced.

Evaluate major factors to mitigate risk

How risky is the Contract Management Software supply chain?

Contract management software providers do not depend on any critical inputs for the production and delivery of their products. As such, the contract management software market is not affected by the recent tariffs, resulting in a low level of supply chain risk. The greatest risk for providers comes from their... Subscribe to learn more.

HIGH

MEDIUM

LOW