New products, regulations, processes, and digital transformation of 2018 brought new challenges, demand, and expectations to the contract management industry. However, despite these changes, CobbleStone continues to lead after 2018 being a record-breaking year filled with many accomplishments including new leading clients, increased revenue, artificial intelligence (AI) and machine learning technology advancements, thought leadership engagements, significant staff growth, data center enhancements, and more.
In 2018, CobbleStone succeeded in many ways including:
CobbleStone grew internally by over 60% in 2018 due to a significant increase in demand for Contract Insight™ contract management software, eProcurement software, and related services including training, implementation, and document data extraction. The team is expected to continue expanding as CobbleStone maintains a leadership position in the legal and sourcing software market.
Due to CobbleStone’s rapid growth and client demand, the company has expanded and opened a new location, providing more space and resources for the additional team members. The new tri-level office is convenient for tech-savvy professionals living in the Philadelphia market.
CobbleStone’s Contract Insight Software now supports VISDOM℠ AI and Machine Learning for smarter contract management and data-driven strategy. VISDOM℠ systematically analyzes contracts, giving Contract Insight users improved contract oversight, proactive opportunity, and risk mitigation. Essentially, it does hours of manual work in a few clicks of a button.
CobbleStone achieved SOC 2 Attestation and continues to provide users with a secure software provider. Controlled oversight of the organization, and ability to determine if there is a risk or threat occurrence, is a big part of remaining SOC 2 compliant. Clients can be confident knowing that CobbleStone has proven procedures and policies in place to protect their information.
CobbleStone became affiliated with even more industry-leading organizations as partners providing thought leadership content and expertise. The CobbleStone team is leading with webinars, external articles, trade show and conference engagement, group training seminars, and more.
“2018 has been a year of growth, achievements, and new innovations for CobbleStone Software. We took great strides and look forward to all that 2019 brings.” – Mark Nastasi, Executive VP at CobbleStone Software
CobbleStone looks forward to all that 2019 and beyond has to offer. The team has started off in the fast lane with new engagements, advancements, and software releases already in process. As CobbleStone continues to be a leader in the industry, the organization plans for new, record-breaking expansion, growth, and success.