Founded in 2017, Contractbook is a more recent, yet maturing addition to the CLM market. The best use case for the CLM product is a B2B or B2C company with a digital business model. MGI Research recommends the product for micro to small size companies (revenues less than $25 million), although the product may scale to midsize companies as Contractbook solidifies its position in the market. Based in Denmark, Contractbook is a reminder of the increasing global presence of contract management tools. The product is a good fit for companies based in Europe or North America. Customer satisfaction is fairly high, citing the ease of use, quick implementations, and the variety of integrations the product offers.

What is Contract Management?

Contract Lifecycle Management (CLM) is the process of strategically managing and leveraging the entire lifespan of legally binding agreements between two or more parties within a business context. CLM tools are evolving rapidly. Not long ago, CLM software described a relatively simple system for document management and e-signature. Today, mature CLM solutions employ AI/ML data capture capabilities to turn the contract management process into an intelligent, real-time system of record. For more about the evolution of CLM software, read The Six Stages of CLM Maturity.

What are MGI Use Case Notes™?

The MGI Use Case Note™ describes the ideal customer profile (ICP) for a given solution. It helps prospective buyers understand a product’s “best fit” by identifying its customers:

  • size
  • business models
  • selling regions
  • tech ecosystems
  • sales channels
  • primary verticals
  • and more


The aim is to help interested parties quickly and confidently narrow the list of suppliers that could meet a particular use case. It is not intended to describe the entire range of possible use cases, nor is it an in-depth analysis of the supplier or solution. (For in-depth analysis of a solution, see MGI 360 Ratings™.) See a sample Use Case Note here.

Get the report to see Contractbook CLM’s ideal customer profile: