Are you an independent contractor? Then, you must have a busy schedule.
Managing several clients and projects on your own is not an easy task.
Thus, you should invest in the best independent contractor software. The software will help you automate repetitive tasks.
This will free up your time that you can use to build personal relationships with your clients.
Besides this, the freelance industry is growing faster. This industry is growing at a CAGR of 15.3% between 2019-2025.
So, the competition is high in the industry. Thus, you need independent contractor software to provide a good user experience.
Today, there are many great contract management software available in the market. So, you might find it hard to find the best contractor software.
But nothing to worry about. Just follow this guide to learn about the best contract software features and options.
Must’ve Independent Contractor Software Features
Most contracts make the mistake of getting the software without comparing features.
You see, people, good contract management software is useless if it doesn’t meet your requirements.
Or if the software vendor doesn’t update its features with time.
So, you should note all your contract software needs. And based on that, find the best independent contractor software.
Every contractor has different software needs based on their projects and clients.
But some core contract management needs are the same. And based on that, I have shortlisted the must-have contract management software features:
Consistent and single dashboard
A good independent contractor software has a single dashboard. It provides a complete view of all contracts.
It also shows the contract end, completion, and other details. This makes it easy for contractors to plan and make decisions.
The dashboard can help contractors to schedule and complete pending projects on time. They can also decide whether they have time to take on new projects or not.
Access contract data
Do you have several contracts running at once? Do you provide various services to clients?
Then, if you do not sort different contracts and track each contract’s information. You might miss important project details, leading to a poor user experience.
So, the best solution is to get an independent contractor software with centralized storage.
This makes it easy for you to access contract data with a click. This way, your team has to spend less time searching for information.
CLM software also sorts your contract information. This will help your teams to collaborate on a contract and access information.
Besides this, contract management software must have search filters to find information faster.
It takes time to create a contract document from scratch. Also, you have to write a contract with proper language and legal terms.
It is a boring task to detect errors in a big contract document.
Therefore, good contract software allows you to create contracts with simple templates.
This way, you don’t have to spend hours writing and correcting contract documents.
You can simply use a template and create a custom contract for every client.
Besides this, a portal is required to manage and analyze all contracts.
This process will not only fasten up contract creation. But also decrease your liability and increase compliance.
Human errors are a huge problem while managing contracts. One small mistake, and you can invite legal trouble your way.
Thus, you must get an independent contractor software that limits manual work.
For example, calculating invoices based on working hours is prone to error. But, when software calculates task sessions, there is no room for error.
Contract management software with automatic workflow can help to avoid gaps. The software can send email reminders to ensure your employees don’t forget anything.
With automation, you can reduce your time and resources on contract workflow.
You can better guide yourself through every step of the contract lifecycle. You can give more time to creating business growth strategies.
So, look for software that can automate most human tasks.
You must have to sign several contracts and documents every day.
In this, contract management software with e-signature functions is vital.
It will save you from all the hassle of downloading, printing, and scanning contracts.
You can simply sign the document within the software.
This feature comes in handy when you have to get clients’ or team members’ signs in real time.
Document management system
The contractor does not have to work on contracts all day. They have to also work on various documents supporting their contracts.
For instance, schedules, budget estimates, and other documents.
In this, if your project management software only helps with contracts. Then, you need to get separate software for document management.
It can create a huge confusion when you have to move back and forth between software.
You should look for a contract management system that can work with document management tools.
This way, your team can work through one software and find the relevant information.
To provide the best services to your clients, you must always know what’s going on with each contract.
You must know when a contract is in progress and when it is complete. You also need to know all project deadlines and important notes.
Therefore, your independent contractor software must have smart reporting features. It will also help you stay up to date.
6 Best Independent Contractor Software for Better Workflow Management
Now that you know what features to look into your independent contractor software. So, the next step is to find the best contractor software to manage your different contracts.
There are many great contract management software available in the market.
I will suggest that you find the best software after understanding your business requirements.
However, some of the best contract of software that anyone can use today are:
Kosmo is a simple independent contractor software. This software will help you create custom contracts for different clients.
You can follow all the industry compliance to draft contracts. It offers a single dashboard to view all your contracts and proposals.
You can track your contract and individual task sessions. This way, you can access your client’s information with a click.
You can also sign your contract and manage different documents within this software.
The program also helps you generate invoices and receive payments from your clients. There is also a notification feature to complete your contracts on time.
Besides this, it is also a project management software. So, you can work on several projects and clients at the same time.
The best part is it is a free tool. You can use the software for free if you have 2 clients.
However, if you want to work with more clients, you can upgrade to the premium version for only $9 per month.
Bonsai is a customer relationship management software. It is a cloud-based software for small teams to manage their contracts.
The software has all the features that you ever require to work with different clients. It has invoicing to outbound marketing features in one place.
If you want to scale up your business operations, this is the perfect contract management software.
It is a perfect tool for remote companies to manage their team members from around the globe.
The software supports more than 30 languages, which makes it perfect for international teams.
The software also helps to generate leads and manage different contracts. It has a dedicated contract tool to store and organize your contacts in a dashboard.
There are also many other features to run your business operations. For example, email alerts, time tracking, and so on.
The software is compatible with all the leading operating systems. You can also use the software on your mobile devices.
For accounting teams, it is a great tool. That’s because it can integrate with several accounting software like QuickBooks.
If you are undecided if Bonsai is the right solution for you, we’ve listed some of the best Hello Bonsai alternatives here.
Do you want to scale your small business? If so, HoneyBook can be a good option for you. HoneyBook is a direct competitor to Hello Bonsai and you can compare them here.
It is a cloud-based CRM software that helps to manage contracts and clients. You can build a personalized relationship with your clients with HoneyBook.
Besides this, the software can support all the features that you might need to grow your business. It has time tracking software to ensure that your team‘s productivity is always high.
This also leads to the generation and invoice-creating software features. You can find new clients and manage their contracts with this tool.
The software is available on Windows, Android, Mac, and iOS devices. Due to mobile support, you can always stay connected with your team and be kind.
All these features definitely come at a higher price than comparable solutions.
You can also use HoneyBook with QuickBooks, Stripe, and FreshBooks.
4. Icertis Suite
Contracts are boring. They are full of statistics and figures that make no sense to novice users.
And this independent contractor software has understood this problem. Icertis Suite has used artificial intelligence to create smart contract management solutions.
This software turns boring statistics into result-driven strategies. You can better understand your contract and plan of action with visual charts.
This program is available in over 40 languages. So, you can use this program to work with your remote teams located across the globe.
In more than 90 countries, this software has helped several clients. Moreover, around $1 trillion worth of contracts Icertis Suite has designed.
All in all, it is a simple and easy-to-use software to manage contracts for big companies.
App4Legal is an all-in-one contract management software. With this program, you can get full contract life support.
You can create, share, approve, sign and execute contracts with this one tool.
There are many great contract templates available. You can use these templates to create contacts for several clients.
It is a multi-language software. Thus, you can coordinate with your international clients and teams.
If you plan to scale up your business, this software is perfect for that.
Plutio is a CRM solution for freelancers. This software covers all the basic needs that freelancers and contractors have.
It is one platform to manage leads, invoices, and clients. You don’t need to get any other software with this one.
It has a simple interface. Thus, your team members can work on it.
It has automated all the essential contact management features. So you can better focus on growing your freelance business.
It has automated billing and invoicing features. You can receive payments and send reminders for due payments.
So, if you just want to focus on your business, you should get this software.
The independent contractor software can change the entire game for you. It allows you to better manage your contracts and offer better customer support service.
You can free up your time with this software. This way, you can better focus on important business strategies.
You can focus on things like team management, customer relationships, and so on.
So, this post has already shared the best contract management software features and 6 amazing options.
Now, I will let you decide which software is best for your business.
However, in my opinion, I would suggest you go with Kosmo.
This is because the software has a free version and is perfect for freelancers. It has contact management, invoicing, project management, and many other features.
But, the final choice is always yours.
That’s it for now! If you have any suggestions for contract management software, please share them in the comments.
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