Contracts Management 3rd Party Software

Good afternoon,
I have been asked to implement a Contracts Management solution using SharePoint 2010. I am by no means a professional and I feel this is beyond my abilities. I created a custom list with expiry date. Also it lists the contracts ending in 60days and ending
in 120days. There will be roughly 500 contracts uploaded to the custom list/library. I have since been asked to have the contracts sorted within groups (not folders) I am not sure how to do that. A SharePoint Designer workflow is needed to alert someone when
the contract is up for renewal. I have read all the threads and Google info regarding that step and I can not get it to work.
Is there a 3rd party Contracts Management software out there that can be used via SharePoint? I have a feeling my simple solution will not be good enough as I am sure they will need files archiving and more functionality down the road.
Thank you.

To group the items in the list is really easy once you know how. Let's say you have a choice field called 'market area' which might be Public, Education, Finance etc.
You can then create a 'view' in the list that groups the items by that column.
http://office.microsoft.com/en-gb/sharepoint-server-help/create-modify-or-delete-a-view-HA010377693.aspx
There's a dozen ways to do the notification emails bit. The simplest, and best, is to create a 'Policy' in the list for that document.
This is an example of someone doing what you wanted (and asking for a bit more which is trickier)
http://sharepoint.stackexchange.com/questions/83019/email-group-when-documents-reaches-expiry-date
There's going to be a million 3rd party tools that can work with SharePoint to greater or lesser degrees. If you really want to determine what to go for you'll need to do a full requirement capture exercise to identify exactly what the system needs to do.
One of SharePoint's strengths that is often underrated is that it's highly flexible compared to most software at that scale.

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