There’s no single “best” contract management tool for SaaS companies — the right choice depends on company size, contract complexity, internal workflows and even how your team handles drafting SaaS contracts.
What works for an enterprise SaaS company managing complex vendor agreements, licenses, and approvals is very different from what an SMB or mid-market team needs for visibility, renewals, and billing oversight.
Based on real-world feedback from SaaS founders, finance teams, and operators, contract management tools consistently fall into two categories:
Below, we break down the most commonly recommended options in each category.
Best Enterprise SaaS Contract Management Software
Best SMB & Mid-Market SaaS Contract Management Software
Before comparing specific tools, it’s important to understand which category of contract management software actually fits your SaaS business.
Most frustration during evaluation comes from looking at enterprise platforms when you only need visibility and renewals — or choosing lightweight tools when your legal and finance teams need structured workflows and deep integrations.
At a high level, the difference comes down to contract complexity, internal processes, and scale.
Enterprise SaaS contract management tools are designed for:
SMB & mid-market SaaS contract management tools are designed for:
The table below highlights where each category makes sense.
|
Criteria |
Enterprise SaaS CLM |
SMB & Mid-Market SaaS Contract Tools |
|
Company size |
Large, multi-team SaaS orgs |
Small to mid-sized SaaS teams |
|
Primary users |
Legal, finance, procurement |
Finance, ops, founders |
|
Contract volume |
High volume, complex agreements |
Moderate volume, standardized contracts |
|
Approval workflows |
Multi-step, role-based approvals |
Simple or minimal approvals |
|
Legal involvement |
Heavy legal oversight |
Occasional or outsourced legal |
|
Billing & renewals |
Advanced billing logic, cost allocation |
Renewal reminders and billing visibility |
|
License management |
Often included or tightly integrated |
Usually not required |
|
ERP integrations |
Deep ERP and finance system integrations |
Limited or optional integrations |
|
Implementation time |
Weeks to months |
Days to weeks |
|
Best for |
Governance, risk, and scale |
Speed, clarity, and control |
Best for: SaaS companies focused on vendor spend, license optimization, and contract intelligence
Terzo combines contract management with SaaS spend and license visibility. It’s often used by finance and procurement teams that want to understand not just what contracts exist, but how those contracts translate into real usage, costs, and waste across the organization.
Pros
Cons
Best for: Enterprise teams that need structured contract lifecycle management and approvals
IntelAgree is a traditional CLM platform designed around contract creation, negotiation, approvals, and compliance. It’s a good fit for SaaS companies with established legal processes and formal contract workflows.
Pros
Cons
Best for: Legal-heavy SaaS organizations dealing with complex contract language
Pincites focuses on contract intelligence and legal analysis. It’s often used by in-house legal teams that need deep insight into clauses, obligations, and risk across large contract portfolios.
Pros
Cons
Best for: Enterprise SaaS companies managing cloud spend tied to contracts
CloudZero is not a pure CLM, but it’s often mentioned alongside enterprise contract tools because of its strength in financial visibility. It helps SaaS companies understand how contracts, infrastructure usage, and costs connect at scale.
Pros
Cons
Best for: SaaS companies needing enterprise-grade contract and finance integration
Ten4 focuses on integrating contracts with financial systems and operational workflows. It’s typically used by larger SaaS organizations where contracts directly impact billing, forecasting, and revenue recognition.
Pros
Cons
Best for: Remote SaaS teams needing clear contract visibility and renewal tracking
Contractzy is a lightweight contract management tool focused on organizing vendor and customer contracts, tracking renewals, and managing access across teams. It’s often chosen by SMBs that want to move away from spreadsheets without heavy setup.
Pros
Cons
Best for: Growing SaaS companies that want structure without enterprise overhead
SpotDraft sits between SMB and enterprise tools. It offers contract workflows, collaboration features, and better structure than basic tools, while remaining more approachable than traditional CLMs.
Pros
Cons
Best for: Vendor-focused contract tracking and procurement visibility
Gatekeeper is often used by SaaS companies that want strong vendor management alongside contract tracking. It’s particularly useful for procurement-led teams managing multiple software vendors.
Pros
Cons
Best for: Teams looking for AI-driven contract insights and reminders
Maayaa uses AI agents to scan contracts, extract key dates, and automate reminders. It’s designed for teams that want insights without manual data entry.
Pros
Cons
Best for: SMB SaaS teams prioritizing speed, visibility, and simplicity
Fynk focuses on keeping contract management simple — visibility, reminders, and easy access across teams. It’s often recommended for remote-first SaaS companies that want clarity without complexity.
Pros
Cons
Best for: Teams wanting centralized tracking tied directly to contract records
AnyDB allows teams to track contracts and related data in a centralized system, keeping everything tied to the same contract record. It’s useful for SMBs that want everything in one place without splitting tools.
Pros
Cons
It’s tempting to repurpose time tracking tools like Hubstaff or Monitask for contract oversight — especially for remote teams. On the surface, they offer tagging, notes, and reporting.
In practice, they fall short because time tracking and contract management solve fundamentally different problems.
Time tracking tools are built to measure productivity. Contract management tools are built to manage risk, renewals, billing, and obligations.
Here’s where time tracking tools break down:
For SaaS companies, contract management requires dedicated systems, not productivity tools stretched beyond their purpose.
Choosing the right contract management software isn’t about finding the most features — it’s about finding the right level of structure for your SaaS business today.
Use these questions to guide your decision:
Choose an enterprise solution if:
Choose an SMB or mid-market solution if:
The best tool is the one that fits your current stage — not the one you might need years from now.
If you have any other questions, book a demo with us!