From storm to signature
Raindrop Contract Lifecycle Management helps you gain full visibility into your contracts, cut through complexity with AI, and move from intake to signature in record time — all within one intelligent platform.
KEY BENEFITS
Mitigate Risk with AI-Powered Insights
Raindrop uses generative AI to analyze contracts against your standards, identify risky clauses, and surface relevant terms — giving legal, procurement, and finance teams peace of mind without the time sink.
Speed Up Review and Approval
Centralize collaboration and automate key workflows. With multi-user editing, clause libraries, and pre-approved templates, contracts move faster — from request to approval to signature.
Drive Cross-Functional Collaboration
Legal, procurement, finance, and business stakeholders all work from a single source of truth. Comments, chats, and reviews are tracked in-platform, eliminating lost emails and versioning chaos.
How It Works
Smart Intake & Drafting
Use simple forms and AI to generate accurate contracts using your clause library and playbooks.
Collaborative Review & Approval
Streamline negotiations with real-time editing, redlining, and stakeholder workflows.
Tracking & Compliance
Search across Contacts, monitor key milestones, and financial impact—fully integrated across your sourcing and spend data.
“Our team has been using the Raindrop Contract and Sourcing modules for a few years and it has completely transformed our procurement process. I highly recommend this tool to any business looking to optimize their sourcing strategy!”
Total Transparency Across the Contract Lifecycle
Raindrop gives you full visibility into every contract, every clause, and every commitment—so you can manage risk and unlock value at every stage.
- What’s in your contracts—and what’s missing
- Where each contract is in the review or approval process
- When renewals, expirations, and obligations are coming due
- Who’s involved in negotiations and approvals
With built-in audit trails, reporting, and integration across sourcing and spend, your contracts become a source of strategic insight—not a black box.
Resources
The Hackett Group’s Digital World Class® Matrix Contract Lifecycle Management (CLM) and Intelligent Software Provider Perspective
Spend Matters recognizes Raindrop as the “Customer Favorite” SolutionMap Badge Winner in Spring 2025 for S2C
FAQ
CLM is the process of managing contracts from initiation through execution, performance, and renewal or expiration. It helps organizations reduce risk, improve compliance, accelerate deal cycles, and gain visibility into contract obligations and performance.
Raindrop centralizes all contract activities in a single platform, making it easy to initiate, review, approve, and store contracts. The system automates workflows, integrates seamlessly with sourcing and procurement modules, and eliminates manual handoffs, emails, and spreadsheets.
Yes, Raindrop is built with integration in mind. It connects easily with ERP, sourcing, and legal systems to enable real-time data exchange and ensure consistency across platforms.
The platform enforces policy through built-in controls, standardized templates, and dynamic no-code workflows. It also offers an auditable trail of contract activity, helping organizations meet regulatory requirements and reduce risk from off-contract or non-compliant purchases.
Raindrop supports a wide variety of contracts including NDAs, MSAs, SOWs, purchase agreements, and more. Whether procurement- or legal-driven, all contracts can be managed in one place with configurable workflows tailored to your organization’s needs.