Top 7 Game-Changing Contract Automation Solutions Launched Since 2019 to Streamline Your Business Deals

In today's fast-paced business environment, the automation of contract management has emerged as a critical factor for enhancing efficiency and reducing errors. Since 2019, numerous innovative solutions have entered the market, transforming the way organizations handle contracts. Businesses leveraging these tools have witnessed improved accuracy, reduced negotiation times, and greater compliance adherence.

This article explores seven of the most impactful contract automation solutions launched since 2019. Each solution offers unique features designed to streamline contract workflows and empower legal, procurement, and sales teams. Their adoption reflects the growing importance of digital transformation in legal operations.

By understanding the capabilities of these platforms, businesses can better select a solution aligned with their needs—saving time, cutting costs, and ultimately closing deals faster.

1. Ironclad (New Features since 2019)

Ironclad, a leader in contract lifecycle management (CLM), introduced several significant enhancements post-2019, reinforcing its position as a game-changer in contract automation. The platform's updated no-code workflow builder allows users to customize contract processes without technical expertise, streamlining complex approval chains.

Moreover, Ironclad Smart Import uses AI to extract critical contract data automatically, reducing manual entry and speeding up the review cycle. Integration with popular tools like Salesforce and DocuSign ensures contracts move seamlessly through sales and execution stages.

These advancements provide teams with a more intuitive and collaborative experience, enabling faster turnaround times and increased contract visibility across organizations (Ironclad, 2023).

2. DocuSign CLM (Enhanced Automation Capabilities)

Building on its leading eSignature platform, DocuSign launched enhanced Contract Lifecycle Management features since 2019 that offer end-to-end automation. The platform now includes AI-powered risk analysis, helping legal teams identify potential contract issues early in the drafting phase.

DocuSign CLM integrates contract creation, collaboration, and execution into a unified workflow, minimizing bottlenecks. Its automated template management and conditional logic reduce errors and standardize contract language.

These enhancements improve compliance while accelerating deal cycles, making it ideal for enterprises seeking robust, scalable contract automation (DocuSign, 2022).

3. Agiloft Contract Management Suite

Agiloft’s contract management suite saw a major relaunch post-2019, focusing on customizable automation tailored to complex business rules. Its flexible workflow engine allows organizations to design contract processes that adapt to their unique legal and operational requirements.

AI-powered clause extraction and obligation tracking automate compliance and renewal management, which reduces the risk of missed deadlines or unfavorable terms. The platform also offers extensive integration capabilities, connecting contract data with ERP and CRM systems.

Agiloft’s tailored approach appeals to industries with intricate contracting needs, helping accelerate contracting cycles without sacrificing control or compliance (Agiloft, 2023).

4. Juro – All-in-One Contract Platform

Since 2019, Juro has gained traction as a user-friendly, all-in-one contract platform built for startups and mid-sized companies. It simplifies contract creation with a collaborative editor and automated approvals, reducing dependency on legal departments for routine agreements.

Its native eSignature and AI-based contract analytics help teams negotiate faster and extract insights to optimize future deals. Juro also boasts advanced API access that enables seamless integration with existing workflows such as HubSpot and Slack.

This solution empowers business teams to manage contracts end-to-end in a single web-based interface, increasing speed and reducing friction (Juro, 2022).

5. Concord’s Dynamic Workflow Automation

Concord strengthened its platform after 2019 by focusing on dynamic workflow automation to simplify multi-party contract negotiations. The solution supports real-time collaboration with features like version control and inline commenting, reducing delays and confusion.

Automated alerts and task assignments ensure that each stakeholder completes their part promptly. Additionally, Concord’s eSignature and clause library standardize agreements to cut the cycle time.

With centralized document management and audit trails, Concord helps organizations maintain compliance while accelerating contract finalization (Concord, 2023).

6. LinkSquares AI Contract Analytics

LinkSquares launched its AI-driven contract analytics platform in 2019, focusing on post-signature contract management to maximize visibility into obligations and risks. Its machine learning models extract and categorize contract data across repositories with impressive accuracy.

The platform highlights renewal dates, indemnification clauses, and payment terms, simplifying risk mitigation and renewal planning. Its integration with cloud storage solutions enhances data accessibility and reporting.

By automating the analysis of large contract portfolios, LinkSquares enables legal and finance teams to make quicker, more informed decisions (LinkSquares, 2021).

7. ThoughtTrace Intelligent Contract Discovery

ThoughtTrace introduced intelligent contract discovery features since 2019 that use natural language processing to identify and analyze contracts within unstructured data stores. Originally focused on industries like oil and gas, its capabilities have expanded to corporate legal teams.

The solution accelerates contract review by pinpointing key clauses, obligations, and risks automatically. ThoughtTrace supports bulk contract ingestion and integrates with existing CLM platforms for streamlined workflows.

This technology helps reduce the manual burden of contract auditing and due diligence, supporting better risk management and operational efficiency (ThoughtTrace, 2022).

Conclusion: Choosing the Right Contract Automation Solution

With so many robust contract automation solutions launched since 2019, businesses can find tools tailored to the unique complexities of their contractual processes. From AI-powered analytics to flexible workflow builders, these platforms are transforming legal operations worldwide.

Decision-makers should consider factors such as integration capabilities, ease of use, scalability, and industry-specific requirements when selecting a solution. Trial periods and demos can provide hands-on insights into usability and fit.

Ultimately, adopting the right contract automation technology can yield faster deal closures, improved compliance, and significant cost savings, proving essential in an increasingly digital business landscape.

References

Ironclad. (2023). Features & Capabilities.
DocuSign. (2022). DocuSign CLM Overview.
Agiloft. (2023). Contract Management Solutions.
Juro. (2022). How Juro Works.
Concord. (2023). Contract Automation Features.
LinkSquares. (2021). AI Contract Analytics.
ThoughtTrace. (2022). Intelligent Contract Discovery.