Choosing the right contract management system starts with understanding the features that truly matter. This in-depth resource outlines 18 critical functionalities including document version control, workflow automation, approval routing, contract templates, obligation tracking, performance monitoring, reporting analytics, and secure document storage. Designed for legal, procurement, and sales teams, the guide highlights how modern CLM software built on Microsoft 365 can simplify contract creation, reduce bottlenecks, and improve operational efficiency.