CobbleStone Ranked in Top 5 Contract Management Software

By Rosemary Shields on 05/17/19

A Perfect “5 out of 5” for Contract Insight!

CobbleStone was recently recognized as one of the top five most popular contract management software providers according to Capterra’s list of 20 Most Popular Contract Management Software.  Our award-winning Contract Insight® has an overall perfect rating of “5 out of 5” on Capterra's website and our software achieved a perfect rating for ease of use and outstanding customer service – We work each and every day to provide the best experience to our users and are currently working on system updates for an even better experience!

Continue Reading

5 Critical Decisions Driven by Contract Data

By Maria Votlucka on 05/16/19

Organizations that make data-driven decisions position themselves for long-term success. Their culture, tools, and abilities are centered around the common goal of collecting quality data and analyzing it quickly and accurately to make informed business decisions. When managed effectively, quality contract data translates to contract analytics, providing the insights necessary for organizations to decrease contract cycle times with sharpened control, governance, and visibility. Learn how to turn contracts into a pivotal source of business intelligence that supports strategies, tactics, and goals.

Continue Reading

CobbleStone is Exhibiting at NY Tech Summit 2019

By Rosemary Shields on 05/14/19

CobbleStone Software, a leader in contract management and eProcurement software, is exhibiting at NY Tech Summit on June 6-7, 2019.  The event has been described as a “summertime Easter egg for Central New Yorkers,” because of the excitement it brings to New York this time of year, and conference hosts expect attendees to say NY Tech Summit 2019 was “worth every penny”.  The conference will be full of educational sessions, inspirational speakers, world-class collaborative workshops, and a chance for you to network with industry-leading exhibitors. 

Continue Reading

CobbleStone Employee Spotlight: Matthew Hughes, Senior Account Manager

By Rosemary Shields on 05/10/19

Matthew Hughes, a Senior Account Manager at CobbleStone, was recently awarded Account Manager of the Year for 2018 and says he is working towards another great year for 2019.  Matthew has been with CobbleStone since May 2012 and has seen the company grow into a contract management empire with thousands of users spanning the globe.  We interviewed Matthew about his experience at CobbleStone over the years and how he’s become a Contract Insight® expert since starting in 2012.

Continue Reading

9 Must Read Contract Management Resources for Spring 2019

By Maria Votlucka on 05/9/19

CobbleStone Software supports contract management, procurement, and legal professionals by releasing content to help you improve how you manage contracts. Whether you are managing ten contracts each year for a small business, or 100K contracts or more each year for a Fortune 500 company, we’ve created resources to supplement your contract management training and education, so you can be successful in your role and get the most value out of your organization’s contracts.

Continue Reading

What You Missed at the 2019 NY GovBuy Conference

By Rosemary Shields on 05/7/19

CobbleStone attended the 2019 NY GovBuy on April 30th and May 1st as a contract management and eSourcing software exhibitor.  The event was a collaborative experience for NY state government buyers, held in Albany, NY at the Empire State Plaza and Albany Capital Center.  Sessions provided conference attendees with industry news and best practices for procurement, bid management, contract management, and more.  If you didn’t get a chance to attend 2019 NY GovBuy, I outlined some key takeaways from the NY state conference. 

Continue Reading

Contract Lifecycle Management Part 2: Mastering Contract Management Series

By Maria Votlucka on 05/1/19

In last week’s blog, Contract Lifecycle Management Part 1: Mastering Contract Management Blog Series,” the common tasks and contract management processes that challenge organizations and how these challenges align with and negatively impact contract lifecycles was discussed. In this final blog post in the “Mastering Contract Management Blog Series," the reasons organizations should implement contract lifecycle management and the core functionality that should be considered in contract management software is revealed.

Continue Reading

CobbleStone Software Blog Recap for April 2019

By Rosemary Shields on 04/30/19


Did you miss any of our blog posts from April?  Don’t worry; we’ve outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and best practices by reading CobbleStone’s latest content. 

Continue Reading

Make Contract Negotiations Easy by Integrating With MS Word

By Rosemary Shields on 04/29/19

Before a contract becomes legally binding, both parties often take part in a formal negotiation process, creating a back-and-forth hassle in order to come to terms on the agreement.  The well-known "track changes" tool in MS Word makes contract modifications and amendments easy to create, review, and accept or decline because of the redlining feature it provides.  However, version control becomes an issue when negotiating because both parties may be working on separate computers in different locations.  Documents get saved locally and can often get lost, resulting in more work for you or your counterparty.  To avoid possible issues like lost document versions and process bottlenecks, CobbleStone offers an integrated MS Word plug-in to keep the process simple for everyone.  

Learn how to use CobbleStone's MS Word utility tool in combination with their award-winning contract management software, Contract Insight®.  Users have full document version control and never have to save files to their desktop because everything is stored in Contract Insight.  Not to mention...CobbleStone's MS Word File Utility tool is FREE with our software!

Continue Reading

Contract Lifecycle Management Part 1: Mastering Contract Management Series

By Maria Votlucka on 04/26/19

Contract lifecycle management requires a well-thought-out strategy, careful planning, and the right technology. Without all three elements, managing contracts will not only be challenging for contract, procurement, and legal professionals; it won’t be possible to get the most business value out of your organization’s contracts. Too many organizations are missing end-to-end contract management that provides a clearly defined process, actionable insights, and accountability, ultimately negatively impacting productivity, profitability, risk exposure, and compliance. Learn how to master contract lifecycle management in this blog.

Continue Reading

Implementor’s Story: Tracking Life Sciences Contract Amendments

By Rosemary Shields on 04/24/19

CobbleStone’s award-winning contract management software, Contract Insight®, is a user-friendly system, able to meet any industry’s needs with a few easy configurations.  Leading life sciences and pharmaceutical companies use Contract Insight as their preferred life sciences contract management software to simplify and streamline their process.  Learn from this real-world example how a global life sciences company chose Contract Insight as their contract management system and utilized the user-friendly software’s configurability to ensure the system met their needs.

Continue Reading

Storing Contracts: Mastering Contract Management Series

By Maria Votlucka on 04/19/19


Many organizations have integrated technology to streamline processes and improve productivity but still rely on a manual approach to contract and document storage.  Storing documents and managing contracts may involve filing cabinets, massive stacks of files and papers, emails, and some rendition of a digital filing system.  This approach makes it nearly impossible to keep contracts secure, retain version control, stay on top of key dates and milestones, or enforce contract archiving and retention rules.  Storing contracts may sound like a simple task, but without a secure contract repository, organizations are missing the critical element that can support their ability to have control over contracts, reduce risk, and improve contract performance.

Continue Reading

Contract Searching and Reporting in Contract Insight®

By Rosemary Shields on 04/18/19

CobbleStone’s contract management software, Contract Insight, provides system users with a searchable contract repository that makes finding information easy.  When contracts and related documents are stored on shared drives it becomes difficult to find the correct document version and contract details because of limited searching capabilities and no audit trails.  A searchable contract repository provides full transparency into document versions, updates, and related documents.

Continue Reading

Why You Should Utilize Contract Workflow Escalation

By Rosemary Shields on 04/17/19

Intelligent contract workflows help accelerate the contract lifecycle but must be used in combination with workflow escalations to achieve a completely streamlined process.  You and your team may be 90% compliant with getting contract management tasks completed in a timely manner, but sometimes workloads change, and you may not get to complete that assigned task by its due date.  Contract workflow escalations can help eliminate this challenge by having a back-up individual who can complete the task instead.

If you’re frequently encountering delays or bottlenecks at a particular step in your contract process, contract management workflow escalations can help eliminate the slow down.

Continue Reading

Contract Renewals: Mastering Contract Management Series

By Maria Votlucka on 04/15/19

Manual contract management processes involving spreadsheets, emails, internal billing systems, and Outlook reminders may suffice for organizations with a low volume of contracts. Unfortunately, when organizations manage thousands of contracts, challenges are revealed due to a time-consuming, error-prone, and inefficient manual contract renewal process.  Moreover, a reactive contract renewal strategy increases risk and decreases opportunity realization. It’s time to take control of contract renewals. Learn how to digitally transform your processes from contract generation to renewal.

Continue Reading

How to Evaluate the Best Contract Management Software

By Rosemary Shields on 04/11/19

What is of Value to Your Organization?

You’ve come to the realization that, with the technology available today, you need contract management software in order to exceed contract management expectations and increase productivity.  There are many solutions on the market and you’ll need a plan for how to evaluate them.  Before starting your contract management software assessment, identify what is needed within your organization’s current contract management process.  Do you have trouble locating document versions?  Are there process bottlenecks because no one knows when tasks are due?  Schedule a meeting with your team to discuss the challenges you’re facing so that you can be sure the solution you choose meets all your needs.

Continue Reading

How to Prepare for a Contract Management Conference

By Rosemary Shields on 04/10/19

Whether you’re getting ready to attend your first work seminar, or you’re a long-serving conference attendee, be sure to follow this pre-conference checklist to get the most out of your next contract management conference experience.  A week-long seminar in an unfamiliar place can either result in an undesirable experience or the best experience, depending on whether you prepare in advance.

Here are some tips on how to prepare for the best contract management conference experience…

Continue Reading

Contract Generation: Mastering Contract Management Series

By Maria Votlucka on 04/5/19

Generating contracts can be challenging for contract, procurement, and legal professionals. Manual document generation is tedious, time-consuming, and error-prone. Moreover, a manual approach to document assembly inadvertently puts organizations in the precarious position of facing significant compliance issues, risks, fines, or legal ramifications. It’s time to take control of contract generation. Learn how to transform your manual process into a value-centric strategy with document automation.

Continue Reading

Why School Systems Need Education Contract Management Software

By Rosemary Shields on 04/4/19

School systems, colleges, universities, and other education institutions are choosing to implement contract management software to create better transparency and a streamlined process. 

Paralegals, legal counsel, procurement specialists, executive assistants, and other education professionals often have a significant number of contracts laying around.  Finding a specific document can be a hassle due to the manual search across shared drives, stored files, and other possible locations.  Manually creating a new contract usually results in searching for specific clauses and absorbing the whole day due to an unorganized process.  Wouldn’t it be easier to have all your contracts stored in one searchable repository?  That way, when it’s time to create a new contract, all you need to do is click a few buttons and the correct terms and clauses are pulled together for you.      

Continue Reading

Should You Invest in Source-to-Settle Software?

By Rosemary Shields on 04/1/19


What is Source-to-Settle Software?

Source-to-settle software is an advanced system that provides an end-to-end digital sourcing experience for both you and your vendors.  Your current sourcing process is most likely manual, filled with a difficult-to-track bid process including spreadsheets that constantly get lost in your organization’s shared drive.  Source-to-settle software makes eSourcing easy for both you and your vendors to efficiently collaborate, and for your organization to have better transparency over bid responses, so you can award the best vendor based on your needs.

Continue Reading

CobbleStone Software Blog Recap for March 2019

By Rosemary Shields on 03/29/19


Did you miss any of our blog posts from March?  Don’t worry, we’ve outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and best practices by reading CobbleStone’s latest content. 

Continue Reading

Implementor’s Story: An Interview With CobbleStone’s Lead Implementor

By Rosemary Shields on 03/28/19


Implementors are the forefront of client development with our contract management software, Contract Insight®.  They work with clients daily to help configure, teach, and optimize each unique situation our clients present.  That’s why I interviewed Richard DeMarco, CobbleStone’s Implementation Team Lead and Senior Implementor, about his experience working with CobbleStone users, important parts of the system, and what kind of benefits he’s seen clients receive from using our award-winning software, Contract Insight®.  His knowledge from client experiences can help you understand the ease of implementation and what to expect when first starting to use Contract Insight.

Continue Reading

Find the Best Contract Management Software With Better Demos

By Maria Votlucka on 03/28/19


How can organizations identify the best contract management software? Making an informed and successful business decision to invest in contract management software SaaS or deployed requires organizations to create a strategy to get the most out of  product demonstrations.

Continue Reading

Contract Management Software: 8 Questions You Need to Ask

By Maria Votlucka on 03/15/19

The value of contract management software is apparent to many contract management, legal, and procurement professionals.  These changemakers know that manual contract management is not effective, and they see an opportunity to streamline, automate, and improve transparency by digitally transforming their organization’s contract management processes.  The challenge for the people managing contracts day-to-day is translating the value to get approval on the contract management software investment. 

Continue Reading

3 Reasons to Attend CLOC Vegas Institute 2019 This May

By Rosemary Shields on 03/14/19

 

The 2019 CLOC Institute

CobbleStone is looking forward to attending the CLOC (Corporate Legal Operations Consortium) Vegas Institute on May 14-16, 2019.  In-house legal teams throughout the country use our software as their preferred contract management solution and, as a leader in the contract management software arena, we look forward to helping more legal operations teams by providing them with the tools necessary to succeed in today’s market.

Continue Reading

Implementor’s Story: Accessing Contracts Across Divisions

By Rosemary Shields on 03/13/19

The Challenge: Gaining Access to Necessary Documents

CobbleStone’s award-winning contract management software, Contract Insight®, is a fully configurable system, able to meet any industry’s needs with a few configurations.  Worldwide organizations, from industrial divisions to material processing units use Contract Insight as their preferred contract management software.  Learn from this real-world example how one of the largest worldwide industrial companies chose Contract Insight as their preferred contract management system and utilized the user-friendly software’s configurability to set up the system to meet their needs.

Continue Reading

Prevent Robocall Telemarketing With Contract Management Software

By Mark Nastasi on 03/11/19

What’s the Deal With Robocalls?

Telemarketing calls – we all get them.  We’ve all received unwanted phone calls with someone selling a product or service.  Have you wondered how they got your name and phone number?  What legislation or regulations are in place to prevent these unwanted calls?  According the Federal Trade Commission (FTC), the FTC “takes aggressive legal action to make sure telemarketers abide by the Do Not Call Registry” (in accordance to a post by the Federal Trade Commission (FTC)). 

To date, the FTC claims they filed 134 enforcement actions against companies for violation of telemarketing regulations and recovered over $50 million in penalties.   

Topics: Robocalls
Continue Reading

Electronic Signatures: Mastering Contract Management Series

By Maria Votlucka on 03/8/19

Electronic signatures can be challenging for contract, procurement, and legal professionals. The challenges may originate with electronic signature implementation, or they may come from the shift in focus from old processes toward the new experience, reliability, and scaleability that electronic signatures can contribute to your organizations’ digital transformation initiatives. Learn how to master e-signatures in this blog.

Continue Reading

CobbleStone Questionnaires Digitize the Source-to-Contract Process

By Rosemary Shields on 03/6/19

 

Continue Reading

CobbleStone Software Blog Recap for February 2019

By Rosemary Shields on 03/1/19

Did you miss any of our blog posts from February?  Don’t worry, we’ve outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and best practices by reading CobbleStone’s latest content. 

Continue Reading

Lost Revenue: Mastering Contract Management Series

By Maria Votlucka on 02/28/19

Contracts secure and protect assets and, while doing so, should help organizations generate revenue, not lose revenue. Regardless of the intent of contracts, lost revenue is a significant challenge for contract managers.  CobbleStone launched the “Mastering Contract Management Blog Series” to address the problems that contract, legal, and procurement professionals face when managing contracts. In the fourth blog post in the series, lost revenue is discussed.

Continue Reading

Simplify Contract Communication Using CobbleStone Chat in Contract Insight™

By Rosemary Shields on 02/27/19

 

It is imperative to have proper communication methods in place in order to achieve contract management success.  One communication method is often not enough for a business to complete all tasks effectively as each one requires a specific type of communication.  Email is common for general business communication, followed by phone and sometimes text for more urgent situations. But, when working with a contract management software system filled with content like contract records, file names, account numbers, and more, it can be useful to have direct communication within the system to easily share links and refer to specific areas of the system. 

Continue Reading

A CobbleStone Client Success Story: El Paso County

By Rosemary Shields on 02/22/19

Missed deadlines, lack of communication, and other contract management challenges are seen far too often in the government sector and can be eliminated with the right software and process.  From requisitions and approvals to intelligent workflows and online collaboration, CobbleStone presents system users with a streamlined process that can be used for cost-effective contracting, legal compliance, transparency, and more.

Learn from this client success story how the El Paso County, Texas Auditor’s Office used CobbleStone’s Contract Insight™ to help overcome common contract management challenges related to their government-regulated processes.

Continue Reading

Contract Clauses: Mastering Contract Management Series

By Maria Votlucka on 02/20/19

Clause management can be challenging for contract, procurement, and legal professionals. Excel, email, and disconnected software tools are not effective or efficient ways to generate accurate documents and rarely lead to fast approvals. Clauses support standards and reduce risk, and, when used to their potential, can have a positive impact on your contract management process. Learn how to master contract clauses in this blog.

Continue Reading

6 Reasons to Choose Contract Management Software Training

By Rosemary Shields on 02/15/19

Most leading contract management software is easy to set up, configure, and use, but completing training courses can take your expertise to the next level. Contract management software training can help you and your team become system experts, guiding you through each step in the process.  Training instructors inform users of the system’s usability at a much deeper level, ensuring you get the most out of your contract management software.  You may be familiar with contract clauses and templates, but leading contract management software has capabilities that some might consider to be endless opportunities.  Ensure you and your team are getting the most out of your software by signing up for expert-led software training. 

Continue Reading

4 Organizational Benefits of a Records Management System

By Rosemary Shields on 02/13/19

Leading financial research estimates that companies spend almost 5% of their revenue tracking agreements after signing a contract.

Organizations, both large and small, find that manually managing contracts and related documents can be time-consuming, disorganized, frustrating, costly, and the list goes on.  There are many disadvantages to the manual records management approach, but the biggest issue with manual maintenance is organization.  When contract records are managed manually with spreadsheets and local file locations, the process can become extensive because of bottlenecks, miscommunication, missed deadlines, and more.  What can be done to eliminate these challenges?

Continue Reading

Contract Approval Process: Mastering Contract Management Series

By Maria Votlucka on 02/11/19

The contract approval process is a challenge for many contract management and contract administration professionals due to bottlenecks and human error that can lead to longer contract cycle times. Delayed contract approvals may fail to meet business rules, business processes, and compliance standards, leading to missed opportunity of time-sensitive pricing options and special terms. The challenges and problems are apparent, but what is the root cause of the issues with contract approvals?

Continue Reading

Implementor’s Story: Configuring Contract Workflows for Higher Education

By Rosemary Shields on 02/8/19

The Challenge: Missed Renewals and an Inefficient Process

CobbleStone’s award-winning contract management software, Contract Insight™, is a fully configurable system, able to meet any industry’s needs with a few configurations.  Both large and small educational institutions, from community colleges to leading universities, use Contract Insight as their preferred education contract management software.  Learn from this real-world example how one of Washington’s largest higher education institutions chose Contract Insight as their contract management system and utilized the user-friendly software’s configurability to set up the system to meet their needs.

Continue Reading

Assessing Contract Risk: Early Identification and Prevention

By Rosemary Shields on 02/6/19

Because a contract comes with both opportunity and risk, contract management must include both data analysis and risk prevention. 

Contractual agreements contain critical information that can have positive and negative effects on an organization.  Without procedures in place to identify and monitor contract risk, organizations can be at a disadvantage, possibly leading to higher costs, compliance violations, and, in many cases, unfavorable lawsuits.  Learn to prevent these situations by utilizing a strategy to help assess the risk associated with your contracts.  Early identification and prevention will allow for you and your team to address concerns early on rather than waiting for negative consequences to transpire.  

Topics: contract risk
Continue Reading

Contract Tracking: Mastering Contract Management Series

By Maria Votlucka on 02/4/19

Contract tracking is a significant challenge for legal, procurement, and contract management professionals. Manual contract management processes may suffice for organizations managing low numbers of contracts, but when contract volume increases to hundreds, thousands, and beyond, contract failure rates increase exponentially.

Continue Reading

A Paralegal’s Guide to Effortless Contract Analysis and Data Extraction

By Mark Nastasi on 02/1/19

 

This post was originally shared in the Paralegals Connect January 2019 Newsletter

Contract review is a daunting task for paralegals.  In most cases, having an extra set of eyes to review contract terms is critical to ensure no "bad" clauses slip through the cracks.  The duty of reviewing agreement terms and clauses is a time-staking task, making the effort and focus it takes to review contracts priceless to an organization.  Moreover, paralegals bear a great amount of work to complete the contract negotiation and signing process quickly — all while preventing unwanted or risk associated clauses from being overlooked in the contract’s final review.  Having a smart assistant handle contract data extraction, data entry, and contract tracking can be a lifesaver to the busy paralegal and, in many cases, can provide assurance that your organization’s contracts will be mistake proof. 

Continue Reading

CobbleStone Software Blog Recap for January 2019

By Rosemary Shields on 01/31/19

Did you miss any of our blog posts from January?  Don’t worry, we’ve outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and best practices by reading CobbleStone’s latest content. 

Continue Reading

What Is Contract Management Software: A Beginner’s Guide

By Rosemary Shields on 01/30/19

Now, more than ever, organizations expect their employees to do more with less.  That’s why contract managers and procurement professionals are choosing to invest in contract management software to keep up with industry standards and capabilities.  Surveys report that companies using contract management software can reduce annual contract management expenses by 20% to 50%.  In addition to reduced costs, the benefits of contract management software can provide business professionals with better (and faster) results, meaning fewer mistakes, improved accuracy, smoother processes, and better monitoring. 

Continue Reading

CobbleStone Presents: 2019 Seminar Series and Group Training Tour

By Rosemary Shields on 01/25/19

Coming to a city near you in 2019…

CobbleStone Software has training events just around the corner with two types of training for 2019 already in place.  This year’s series, The Road to Contract Management & Procurement Success, is designed to help attendees discover new technological advances for contract management and procurement processes while developing a plan built for success.  

Continue Reading

A CobbleStone Client Success Story: County of San Diego HHSA

By Rosemary Shields on 01/22/19

 

CobbleStone offers government agencies and other contract professionals many options for simplifying their contract management process. From requisitions and approvals, to intelligent workflows and online collaboration, CobbleStone provides system users with a streamlined process that can be used for cost-effective contracting, legal compliance, transparency, and more. 

Learn from this client success story how a segment of the San Diego Government used CobbleStone’s Contract Insight™ to help overcome common contract management challenges.

Continue Reading

2018: A Record-Breaking Year for CobbleStone

By Rosemary Shields on 01/18/19

A Year of Advancements and Growth

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.

Continue Reading

The 3 Contract Management KPIs for Success

By Maria Votlucka on 01/16/19

Contract managers face the challenge of overseeing the contract lifecycle from request to renewal, while struggling to show stakeholders the significance of an often complicated and undervalued process. The goals of reducing risk, increasing productivity, and improving visibility are at the core of effective contract management strategies. However, all too often, the tendency for failure remains high.

Continue Reading

A Step-By-Step Guide to Using Adobe Sign in Contract Insight®

By Rosemary Shields on 01/11/19

CobbleStone Software’s contract management software, Contract Insight™, allows users to complete the source-to-signature process in one simple, configurable system.  The final stage in this process, signing the contract, can be streamlined with the use of e-signatures.  Contract Insight’s seamless e-signature integration tracks each step in the process.  Users can be notified when a contract is ready for signing through automated workflows and real-time status updates.

Continue Reading

8 Valuable Contract Management Conferences for 2019

By Rosemary Shields on 01/9/19

Looking to increase your knowledge of industry best practices and learn how to overcome contract management challenges? Or better yet, hoping to find the best contract management software for your organization?  These 8 contract management conferences will allow you and your colleagues to meet other professionals in your field, collaborate on overcoming process challenges and bottlenecks, and meet with contract management and procurement software thought-leaders to learn about the smart tools and technology that are rapidly changing the way organizations do business and manage contracts.

Continue Reading

The High Price of Low Cost Contract Management

By Maria Votlucka on 01/8/19

Contract Management Software can benefit any organization that needs to manage contracts or agreements, but one of the most common objections is the cost. Understandably, budgets are a considerable factor in all business decisions, but low-cost contract management comes at a higher price.

Continue Reading

Text Extraction & Data Mining Makes Contract Analysis Easy

By Mark Nastasi on 01/7/19

Manually importing and analyzing contracts can be time-consuming, frustrating, and often results in lost documents or other mistakes.  Having an expert handle data extraction for your organization can provide better results and a seamlessly organized contract repository.  Artificial Intelligence (AI) can detect and prevent predicaments that cause your organization to be at risk.  Learn from this real-world case study how a CobbleStone Software client utilized contract data extraction services and text mining smart tools, transforming their contract management process to be supported with data-driven strategy.

Continue Reading

How Contract Management & Contract Lifecycle Management Differs

By Maria Votlucka on 01/2/19

The terms "contract management" and "contract lifecycle management" may seem synonymous however, there are clear lines that can make or break the positive impact and value that contracts create. Organizations looking for opportunities to improve processes, profitability, compliance, and security must develop an understanding of the difference between contract management and contract lifecycle management so when the time is right, they can adeptly leverage contracts to achieve organizational goals and reach new heights.

Continue Reading

CobbleStone Software Blog Recap for December 2018

By Rosemary Shields on 12/31/18

 

Did you miss any of our blog posts from December?  Don’t worry, we’ve outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and best practices by reading CobbleStone’s latest content. 

Continue Reading

How to Execute a Contract Workflow for CLM Success

By Rosemary Shields on 12/28/18

How many steps should be in a contract workflow? 

The correct answer is: It’s dependent on your organization’s needs. 

There is no set number of tasks for a “perfect workflow”.  You must determine what steps are necessary and in what order they should be executed, establishing the best workflow for your organization to achieve CLM (contract lifecycle management) success.

Continue Reading

What Should Strategic Contract Management Look Like in 2019?

By Rosemary Shields on 12/27/18

New Year, New Strategy

As we enter a new year, we expect changes in software that will affect how we do business.  It’s important to understand how to effectively adjust business processes to succeed, but in this new contract era, predictions indicate we will focus on how we can apply digital transformation to develop better outcomes.  With the amount of technology that’s rapidly transforming the contract management industry, contract and procurement professionals should understand how to respond to achieve better results.

Continue Reading

Who Should Own Contract Management Software Implementation?

By Maria Votlucka on 12/24/18

In a previous CobbleStone blog, Project Coordinator, Nash DeVita, identified the key areas that can make or break enterprise contract management software implementation success.

In this blog post, I interview Nash and dig deeper into who the contract management software administrator (who owns implementation on the client-side) should be, and what it takes on the client-side to reach the go live milestone on time with the anticipated contract management software ROI.

Continue Reading

The Best of 2018 for CobbleStone Software

By Rosemary Shields on 12/21/18

2018 has been a year of achievements and gratitude for CobbleStone Software.  We released transforming technology such as VISDOMSM AI, hosted a record-breaking conference, informing our users of hot topics and advanced software features, won many prestigious awards, gave back to those in need, and much more.  While preparing for a new year full of new goals and opportunities, CobbleStone reflects on the milestones of 2018.

Continue Reading

Unwrapping Procurement's Value With Procurement Technology

By Maria Votlucka on 12/19/18

As organizations face increasingly complex challenges and arduous competition, Procurement Managers are expected to provide more value amidst increasing responsibilities and decreasing people resources. Procurement is rapidly expanding beyond transaction and vendor management into strategic procurement initiatives that must be aligned with organizational goals. This article examines what it will take to add value from procure to pay.  

Topics: procurement
Continue Reading

Why It Matters if Your Software Provider Is SOC 2 Compliant

By Rosemary Shields on 12/17/18

Do you trust your software provider?  What criteria does your organization use to regulate access and handling of sensitive data such as vendor data, client details, employee information, PII (personally identifiable information), PHI (protected health information), and vital contract information?  With the amount of concern over security and data breach happening today, you should ensure that your confidential information is stored in a trusted environment.  In recent years, leading organizations have proven data security compliance with a SOC 2 report, intended to assure clients that security controls and monitoring are in place.   Data security is crucial when it comes to handling client data and accountability, and any company handling client data should consider SOC 2 compliance a requirement

Topics: Data Security
Continue Reading

Is Contract Automation Necessary for the Home Health Industry?

By Rosemary Shields on 12/14/18

Automation Is Essential, Here's Why

Contract automation provides a way for you to accomplish more.  It’s simple, streamlined, and will benefit your organization both internally and externally.  With the amount of contracts, policies, and other standard health agreements being handled, no home health provider should perform without it. 

Continue Reading

Contract Insight™ Version 17.3.0 Is What You’ve Been Waiting For

By Rosemary Shields on 12/12/18

CobbleStone announces its newest release of Contract Insight™ Enterprise Edition Version 17.3.0. Building upon the success of Version 17.2, CobbleStone has included new, smart features throughout multiple modules in the system, and has improved overall capabilities and usability. Users of Contract Insight™ should take advantage of the system update. Upgrading to smarter features will make for superior contract management processes.

Continue Reading

Stop Revenue Leakage With Better Contract Management

By Maria Votlucka on 12/11/18

 

Drip…drip…drip…that is the sound of a seemingly insignificant leak that gets ignored while organizations focus on more pressing initiatives or reactively putting out fires.

Continue Reading

4 Best Practices for Streamlined Contract Administration

By Rosemary Shields on 12/7/18

 

Continue Reading

How Will AI Change the Role of Contract Managers?

By Maria Votlucka on 12/6/18

Artificial Intelligence (AI) is the (loved and feared) buzzword around technology advancement, organizational growth, and career stability. In this article, you'll discover what the future looks like for contract managers and contract administration.

Continue Reading

Healthcare Policy Compliance Tracking With Contract Insight™ Software

By Mark Nastasi on 12/3/18

A Sudden Need for Comprehensive Policy Management Software

Once the Affordable Care Act (sometimes known as ACA, PPACA, or Obamacare) was enacted in 2010, CobbleStone Software received a flux of healthcare insurance carriers requesting how to use Cobblestone’s Contract Insight™ Software to manage their healthcare insurance policies.  

Continue Reading

CobbleStone Software Blog Recap for November 2018

By Rosemary Shields on 11/30/18

 

Did you miss any of our blog posts from November?  Don’t worry, we’ve outlined each of them for you.  Stay up-to-date with industry topics by reading CobbleStone’s latest content. 

Continue Reading

4 Ways VISDOM℠ AI Creates Smarter Contracts

By Rosemary Shields on 11/19/18

What is VISDOM℠ AI? 

VISDOM℠ contract artificial intelligence (AI) and machine learning (ML) is an innovative feature of CobbleStone's Contract Insight™ Contract Management Software that simplifies contract administration for legal, risk, and procurement professionals.  VISDOM℠ has 4 main features that will help system users leverage Contract Insight™ for better contract management processes.

Continue Reading

3 User Highlights From CobbleStone Conference 2018

By Rosemary Shields on 11/16/18

CobbleStone Software’s User Conference was on November 7th, 8th, and 9th in Philadelphia, PA.  CobbleStone clients and other attendees enjoyed three days filled with demo sessions, small group Q&As, inspirational guest speakers, and engagement with CobbleStone representatives.  Clients collaborated with other Contract Insight™ users to leverage ideas for optimizing how they use the system.  It was an information-packed experience our clients were able to take back to their team to improve their organization’s contract management strategy.

Continue Reading

Managing Intellectual Property With Contract Insight™ Software

By Mark Nastasi on 11/5/18

Understanding the Challenges of IP

Cobblestone Software is commonly approached by leading companies asking how to better track their creative works, such as patents, trademarks, service marks, copyrights, and other intangible creations, formally referred to as intellectual property (IP).   

Continue Reading

CobbleStone Software Blog Recap for October 2018

By Rosemary Shields on 11/1/18

Did you miss any of our blog posts from October?  Don’t worry, we’ve got you covered.  Make sure you’re up-to-date with industry topics by reading our latest content. 

Continue Reading

Contract Compliance Tracking – an Airline Industry Case

By Mark Nastasi on 10/29/18

A Worldwide, Multibillion-Dollar Company Facing Increasing Contract Complexity

CobbleStone Software was approached by one of the leading airplane manufacturers, referred to as Company B (for confidentiality purposes), to help them better manage their contract compliance.  The worldwide, multi-billion-dollar company has been managing contracts for decades, but their size, number of contracts, and contract complexity called for a modern contract management software solution.

Continue Reading

Managing Vendor Contract Spend – A Government Agency Case

By Mark Nastasi on 10/22/18

Cobblestone Software is commonly approached by leading organizations, and government agencies, in search of a better solution to track contract spend (contract expenditures) in addition to their contracts.  Tracking contract spend makes contract, procurement, and vendor management more complex and requires a process, or software, to do more than just provide basic contract management.

Continue Reading

Prepare for 2019: 3 Useful Tips for Managing Contracts

By Rosemary Shields on 10/15/18

New Year Goals

The new year is hastily approaching, with resolutions swarming the office, and employees thinking about the months ahead.  For contract and procurement managers, there are most likely processes within your organization that you and your team hope to improve.  Whether your focus is compliance, communication, or overall better management processes, 2019 will be here before you know it, so why not be proactive with your new year goals and start preparing now? 

Continue Reading

9 Ways CLM Software Improves Community College Contracts

By Maisie Brooks on 10/9/18

A new school year brings a new wave of contracts, leaving contract administrators and procurement professionals juggling hundreds, or in some cases thousands, of contracts annually. This sheer volume of contracts brings tough challenges for community colleges such as lost contracts, lack of version tracking, and minimal visibility.

Continue Reading

4 Factors Impacting Contract Management Software Purchases

By Maisie Brooks on 10/1/18

Contracts can play a crucial role in running your organization. Contract management expertise alone isn’t enough for organizational success if your team is left wading through spreadsheets and time-consuming, error-prone, manual document management processes.

Continue Reading

CobbleStone Software Blog Recap for September 2018

By Rosemary Shields on 09/28/18

Did you miss any of our blog posts from September?  Don’t worry, we’ve got you covered.  Make sure you’re up-to-date with industry topics by reading our latest content.
Continue Reading

6 Steps for Enterprise CLM Software Implementation Success

By Nash DeVita on 09/24/18

Introducing a new enterprise contract lifecycle management solution can be a painless process or a long and difficult one. Taking steps to prepare for the implementation helps ensure the process is efficient rather than arduous and helps guarantee success. At CobbleStone Software, we've found that the following steps help lead to successful implementation:

Continue Reading

Software License Agreements: Reduce Risk and Take Control

By Mark Nastasi on 09/19/18

Business software plays a critical role in any organization and is the foundation for doing business in today’s economy.  Companies typically rely on leading software products such as e-commerce software, procurement and sourcing management software, customer management software, accounting software, and risk management software, to name a few.

Continue Reading

How Mass eSignatures Boost Healthcare Compliance & Efficiency

By Jessica Troppello on 09/17/18

Within the healthcare industry, keeping documents and files up-to-date is crucial to staying compliant. Healthcare agencies, including the FDA, NHS, and Health Canada, are continually checking up on hospitals, physician’s offices, and other healthcare facilities to ensure healthcare professionals, administrators, and providers are keeping up with legal requirements.

Continue Reading

How Business Process Automation Will Improve Your Workplace

By Rosemary Shields on 09/4/18

How Business Process Automation is Being Used Today

Many workplace processes are repetitive and time-consuming, leaving employees minimal time to focus on improving their organization.  It has been found that 12% of a company’s total annual costs may be used for administrative tasks and contract management.  These expenses can be eliminated by implementing technology-enabled automation, also known as Business Process Automation (BPA), that will significantly improve workplace processes.  By 2021, companies are estimated to be spending $12.7 billion on these solutions, leaving those relying on traditional methods to plummet.  By investing in BPA, your business can begin focusing on the research, strategy, and development that will position your business as a leader in any industry.

Continue Reading

CobbleStone Software Blog Recap for August 2018

By Maisie Brooks on 08/31/18

Contract Management is evolving daily through digital transformation, industry demands, and regulatory updates.  Stay in-the-know with this month's Contract Management blog recap for August 2018.
Continue Reading

Back from the Beach: Close More Sales in Q4 with Sell-Side Contract Management

By Maria Votlucka on 08/27/18

Summer is coming to an end. You’ve experienced just enough rest, relaxation, sun, and sand to help you clear your head and get you inspired to return to the office refreshed and refocused for Q4.

Continue Reading

The #1 Reason Contract Lifecycle Management Fails

By Maisie Brooks on 08/20/18

Many organizations understand the potential value, positive impact, and negative impact of their contracts. They reach a point where they’re committed to creating a strategic contract lifecycle management process that’s supported with the right contract software, tools, and people.

Continue Reading

4 Signs It's Time to Walk Away from Your Contract Management Software

By Jessica Troppello on 08/13/18

Did We Choose the Wrong Contract Management Software Provider?

Your organization invested in contract management software to effectively manage the contract lifecycle with less overwhelm, more automation, more visibility, and more predictability.  But what if the lackluster results you’re experiencing aren't worth the time and money you put into the implementation?

Continue Reading

Contract Analytics and Reporting Mastery: 3 Critical Reports

By Maisie Brooks on 08/6/18

How can Contract Analytics and Reports Improve Your Contract Management Strategy? 

The key to successfully managing contracts is leveraging contract management software to increase visibility, reduce risk, reveal opportunities, and build strong relationships with counterparties and vendors. Contract analytics supports this initiative.

The challenge is that implementing contract technology to draft, negotiate, approve, sign, and store contracts is not enough. The “it” factor in contract management is contract analytics with reports that are easily accessible and user-friendly, while providing the right data at the right time to the right people.

Continue Reading

6 Ways to Maximize Procurement Productivity With a Contract Database

By Bradford Jones on 07/31/18

https://www.cobblestonesoftware.com/solutions/compare-contract-management-software-editions

Although an essential facet of running a business, managing contracts without a contract database can be a time-consuming headache. With so many different contracts with vendors and service companies, it can be challenging to keep track of them all without reliable contract software. The right solution can help you reduce the amount of time you spend searching through spreadsheets or shared drives so that you can work on growing your business. Here are just a few of the ways that a formal contract database can help your team maximize productivity:

Continue Reading

5 Ways Better Contract Management Improves DBE Vendor Tracking

By Jamie Reedy on 07/30/18

DBE supplier tracking becomes easier when the right tools are in place.

Whether you’re a local municipality, city, state, or federal agency, chances are you have a goal defined for awarding contracts to disadvantaged business enterprises (DBE). Government agencies operate on “good faith” that they will make the conscious effort to consider these businesses when awarding new contracts. The problem, like managing any other contract, is the work involved to ensure that all criteria is being met and certifications are processed.

Continue Reading

3 Ways Electronic Signatures Improve Contract Management

By Maisie Brooks on 07/17/18

Electronic signatures are not new to contract management, but you may be skeptical of the validity compared to a wet signature. Rest-assured, electronic signatures are just as binding as hand written signatures with the same legal clout. If you're stressed about contract deadlines and signature delays negatively impacting negotiations and your ability to close more deals, read on to find out how e-signatures can help your organization.

Continue Reading

Closing the Communication Gap & Improving Contract Management

By Jamie Reedy on 07/2/18

Why Communication can Make or Break a Successful Acquisition and Improve Contract Management

Improving Contract Management is not an easy process. There are numerous steps that are involved with the acquisition process. From identifying the initial needs, all the way down to monitoring performance once a contract has been awarded will require multiple people – sometimes from different departments – to get involved. If too many people are contributing to the acquisition process, but aren’t making the effort to communicate with one another internally then the process can be unsuccessful from the start. This creates a communication gap. Not only is effective communication imperative to a successful acquisition process and improving contract management, but an open dialogue with the industry and potential vendors is too.

Continue Reading

It's Here! 2018 CobbleStone Conference

By Jamie Reedy on 06/20/18

 CobbleStone is proud to announce that the 2018 CobbleStone Conference is happening this November 7th-9th in Philadelphia! With contract AI, machine learning, risk migration, and more, this conference is set to be our best one yet.

Continue Reading

GDPR and Keeping Contracts Compliant

By Jamie Reedy on 06/15/18

The EU's new data protection laws took effect May 25, 2018. Make sure your organization is aware of the potential impact, including hefty fines, and ensures GDPR contract compliance.

If it seems there has been a flurry of privacy updates and more talk around GDPR contract compliance, it’s for good reason. GDPR (General Data Protection Regulation) has actually been around since 2016, replacing the old data privacy laws that have found themselves outdated. Once it was recognized, it became mandatory that all companies ensure that they are fully compliant and meeting standards within two years. From May 25th of this year on, the rules and regulations set forth by the GDPR law are being followed accordingly.

Continue Reading

Understanding How Sarbanes-Oxley Influences Contract Management

By Maisie Brooks on 06/4/18

 

What is Sarbanes-Oxley?

The Sarbanes-Oxley Act (SOX) was an act that was passed in 2002 by the United States Congress to help protect investors from the likelihood of fraudulent accounting activities that were being done by different corporations. News had spread that corporate officials were filing misleading information about their financial statements and handing them over to their accounting firms after the well-known scandals. The firms that they were handing them over to were firms that they had a tight-knit relationship with and knew they would do them some favors. SOX was implemented to help standardize the accounting and contract management professions and turn bad back into good.

Continue Reading

How to Manage Contract Compliance with CobbleStone Software

By Connie Egan on 05/29/18

(This post was originally published April 24, 2017. Updated May 29, 2018)

Tackling Your Biggest Contract Compliance Problems, all in one Software Solution.

Managing contract compliance can be tough. It becomes even more difficult when important terms and clauses are buried deep within a contract. Times that by the thousands of contracts a company will manage and you can find yourself more frustrated than ever. Missing compliance can cost an organization much more than hefty fees and fines. Reputations could tarnish and deals could go down the drain. Your organization could be playing catch up for a while. Being able to meet compliance becomes a top priority. It becomes easier with the right contract management software in place.

Continue Reading

Digital Innovation in the Procurement Process

By Jamie Reedy on 05/22/18

There’s a lot of buzz when it comes to digital innovation in just about any part of an organization. When it comes down to it, what exactly does that entail?

It is very rare when an organization is so on point that others use them as a standard (we’re looking at you, Amazon). The ability to have most, or all, of your business processes fine-tuned and in sync is something that most organizations are often trying to accomplish. These types of changes could take years before they truly take effect. Unfortunately, business happens quick and organizations can’t afford to wait that long. Many areas of the organization including marketing, sales, and service departments have already eradicated outdated ways of operating.

The topic of digital innovation in the procurement process, however, seems to be the one area that tends to get overlooked. Why?
Continue Reading

You Asked, We Delivered - Software Version 17.2 is Here!

By Jamie Reedy on 05/15/18

CobbleStone announces its newest release of our leading contract management software, Version 17.2. Building upon the success of Version 17, we have included new features throughout multiple modules in the system, along with improving overall capabilities and improving usability. Additionally, clients have the option to update select user accounts without compromising the settings of other user systems.

Continue Reading

6 Tips to Improve Your e-Procurement and Acquisition Process

By Connie Egan on 05/8/18

(This blog was originally posted April 7, 2017. Updated April 30, 2018)

Procurement managers have their work cut out for them. Being responsible for making sure their organization gets the right product or service at the best price is a process. Trying to manage both e-procurement and acquisition duties can be quite stressful at times. For the procurement and acquisition process to proceed with minimal hiccups along the way, managers should evaluate whether or not their current methods are working. Should they find something isn't working right, this shouldn't be cause for alarm - finding the problem is the first step to fixing it. 

Continue Reading

Effectively Managing Tail Spend

By Jamie Reedy on 05/1/18

Effectively managing tail spend now can save your organization headaches in the long run.

What is Tail Spend?

In an organization where there are outlined procurement procedures, roughly 80% of that organization’s total spend will be strategically managed through those guidelines. Those purchases are usually lead by an experienced purchasing professional who will thoroughly vet the potential vendors. They will ensure that the purchase is in compliance with company and industry guidelines, and, once work is awarded, the purchasing professional will continue to audit that relationship. They will make sure that the terms are being met as agreed upon and will continue to rate the vendors work to justify renewing the contract.

Continue Reading

Achieving Maximum ROI with Contract Management Software

By Jamie Reedy on 04/16/18

Feel Confident About Managing Your Contracts the Right way.

When purchasing anything new for your organization, you want to feel confident that you’re making the right choice. An informed buyer is a satisfied buyer because you’re confident you did your homework. This is especially important when you’re looking to overhaul some of your current processes and implement a new way of doing things. It can be overwhelming, and when it comes to redesigning your contract management process, it can be downright scary.

Continue Reading

The 8 Stages of the Contract Lifecycle

By Jamie Reedy on 04/10/18

By understanding all the stages of the contract lifecycle, you can ensure that each stage runs as smoothly as possible.

No matter how long a contract is active for, it will undergo many contract stages to ensure that all parties are in unison and that the service agreed upon is delivered.  Contracts are legally binding and need to be executed appropriately.  When you understand the stages in the lifecycle you can feel more informed and prepared when it comes to managing the contract.  While the exact stages may vary for your organization, we’ve broken down the 8 common stages of the contract lifecycle:

Continue Reading

5 Must Have Software Features to Improve Contract Management

By Jamie Reedy on 04/3/18

Choosing the right software with the right features can make all the difference. 

Managing contracts is something that almost all industries do daily. A single company can have contracts in place for a variety of reasons which could include facilities, personnel, clients, the real estate they operate in, and so much more. Whatever the case may be, these contracts have their own stages and lifecycles that are important to stay aware of through their duration of activity.

It’s hard to imagine, with today’s advances in technology, that there was a time where manual contract management was the standard process at most organizations.  Hard copies were stored in filing cabinets and some contract administrator or designated personnel had to make a conscious effort to check in on these records and ensure things were running smoothly.

Continue Reading

CobbleStone Software Releases New Contract Management Solution Mobile App for Android & iOS

By Connie Egan on 02/7/18

CobbleStone is proud to announce the release of its new mobile Contract Management Software App for Android and Apple iOS devices. CobbleStone’s mobile app allows users to track key dates, automate workflow tasks, search, build reports, send documents for signature, and much more. In designing an application to complement our contract lifecycle management software, we knew we had to create something equally as robust and feature rich.

Continue Reading

CobbleStone Gives Back! Looking Back at 2017

By Jamie Reedy on 02/1/18

(Pictured clockwise above: recipients of an EnviroOne well as donated by CSS, residents of well location, and CSS team volunteering at Cathedral Kitchen)

The founders of CobbleStone believe in valuing that all people are equal. Equipped with this mindset, it has been instilled in company culture to get involved, give back, and look for ways to continue the philanthropic work that the company has been participating in for years.

Continue Reading

Reduce Contractual Risk Through Contract Management

By Bradford Jones on 01/4/18

Legal contracts are the foundation for companies of every size in every industry, with your business being no exception. Contracts are the written handshake that solidifies your relationship and outlines the promises that both parties have made to each other. Once that contract is in place it’s important to your business and its bottom line that you continue to monitor your contracts to ensure the parties involved are living up to their best practices and standards.

Continue Reading

How Contract Management Software can Benefit Your Small Business

By Connie Egan on 12/15/17

Running a small business is hard work. It can be taxing on your mental health when it feels like the weight of the entire operation falls squarely on your shoulders. When tasks are in large supply, but staff, resources, and bank accounts are limited, the stress of owning your own small business can seem overwhelming.

Continue Reading

How to Manage an Underperforming Contract

By Connie Egan on 11/21/17

Contract management software from CobbleStone Software can go a long way towards cutting down the amount of underperforming contracts you have to deal with on a regular basis. When you deal with a large volume of contacts every day, there will always be one or two that just aren’t cutting it. Underperforming contracts can impact profits if not dealt with appropriately, so here are four tips you can use to handle a contract that isn't performing properly.

Continue Reading

4 Important Performance Metrics for Contract Management

By Bradford Jones on 11/17/17

When managing contracts, performance monitoring is one of the most important ways to ensure your success. With a large variety of contracts, all with different terms, it can be difficult to know what exactly to look for when assessing each contract’s performance. Luckily, you can boil down the success of each contract, no matter the complexity, to four metrics.

Continue Reading

The Benefits of Contract Management Software – Pt. 2

By Connie Egan on 11/13/17

In our last post, we discussed two amazing benefits to switching to contract management software with CobbleStone. Manual contract management is a thing of the past. It adds unnecessary complications to your process and might even result in a loss of profits for your company. Here are three more benefits you will enjoy when you use our software to manage contracts:

Continue Reading

The Benefits of Contract Management Software – Pt. 1

By Connie Egan on 11/2/17

Negotiating contracts can be a difficult process. Once you have determined the ideal parameters, you will want to make sure that you get the most out of the contract. With contract management solutions from CobbleStone, you can easily manage all of your contracts. Here are just two of the many benefits of our contract management software:

Continue Reading

Contract Management Software for Higher Education

By Bradford Jones on 10/12/17

Colleges and universities draft, negotiate, and approve a myriad of contracts with vendors, partners, suppliers, and employees every year. Actively managing contracts and maintaining formal relationships with these sources can be difficult and time-consuming for many universities who don’t have a system in place to manage contracts.

Continue Reading

A Contract Management Solution for the Government Sector

By Devon Chandler on 09/15/17

This post was originally published 9/15/17. Updated 6/5/18.

Government contract management involves forming strategic business alliances with trusted governmental agencies and other private-sector contractors who can provide goods and other services to them. Government agencies regularly track, review, and approve a multitude of different contracts each fiscal year. Many of these agreements are quite complex in nature, and often require a rigorous set of policies to guarantee their obligations and deadlines are being met. Establishing and sustaining formal business relationships with vendors, suppliers, and other providers can become problematic for many agencies without the proper contract management tools.

Continue Reading

CobbleStone Introduces Enhanced Design and Improved Features in Contract Insight™ Version 17

By Connie Egan on 08/23/17

CobbleStone Software is happy to announce a new user interface update to Contract Insight™ Enterprise Software with Version 17 of the industry leading solution. The update will provide our clients with a more modern and configurable design that allows users to have more flexibility in creating the perfect look and feel for their organization within the system. The update gives our users an opportunity, if they wish, to change the design so they are no longer confined by the standard look that is default out-of-the-box.

Continue Reading

Implement Contract Software Like A Pro

By Connie Egan on 07/27/17

Deploying and implementing a contract software system can be a challenge for any organization. You’ve completed your search for the best system, saw demonstrations, negotiated the best price, and decided on a solution. Now it is time to implement the system. Here at CobbleStone, we focus on relieving the stress of implementing your new contract management system by creating a plan and training schedule with the help of our training specialists.

Continue Reading

How to Gain Efficiencies with Contract Insight’s Purchase Orders

By Connie Egan on 07/18/17

Have a pile of purchase orders sitting on your desk or scattered through multiple spread sheets? Drop the hassle with a purchase order module in your contract management software. As technology continues to advance, more processes are moving towards electronic versions rather than paper-based. Using the purchase order module in Contract Insight makes the PO process more efficient for your organization.

Continue Reading

Ad-Hoc and Custom Report Designer in Contract Insight™

By Connie Egan on 06/30/17

Find yourself searching for the same information over and over again in your contract management software? Consider creating a report, also known as a saved search, in your contract management system. Creating ad-hoc and custom reports is something we touch on often with our clients here at CobbleStone. Ad-Hoc and Custom Reports are tools that can save an organization time for common searches they do within the system.

Continue Reading

Choosing the Best Edition of Contract Insight™ for Your Organization

By Connie Egan on 06/9/17

CobbleStone Software's Contract Insight™ is a contract management software designed to help legal, sales, risk, compliance and procurement professionals manage contracts easier. From the beginning, we have strived to create a product flexible enough to meet the needs of multiple industries and organizations. Today, we continue to be a leader in the industry.

Continue Reading

Four Benefits of Automated Workflow in a Contract Management System

By Connie Egan on 05/26/17

Creating a contract is not typically a cut and dry process. A contract may have to complete many internal processes before completion. These processes can be based on contract status, budget, and type to trigger a workflow in a contract management system. Without automated workflows, processes can be time consuming and mistakes can be made. Forget having to manually drop off a contract or make sure it is attached to an email, automated workflows are here to do that for you.

Continue Reading

The Benefits of CobbleStone’s Contract Insight eSign Options

By Connie Egan on 05/12/17

Electronic signature (Esignature) is not a new concept in business practice. In fact, telegraph signatures were once legally acceptable. Times have changed, of course. Even the traditional wet signature seems to be a thing of the past for many companies. In mid-2000, eSignature was ruled by Congress to ensure the same legal standing as a traditional handwritten signature. ESign even has its own national holiday, June 30th, if you plan to mark it on your calendar.

Continue Reading

Three Advantages of an OCR Tool for Contract Management

By Connie Egan on 03/30/17

When reading magazines, advertisements, or even this blog post our brain begins the process of recognizing the patterns that make up the characters.  Our computer is able to do the exact same thing. Image-based documents can be converted into a language the computer understands for it to be able to read the document we need it to. This is where the Optical Character Recognition (OCR) tool comes into play. An OCR tool should be simple to use within a business software system that, in the long run, can save a company time.

Continue Reading

FOIA Requests Made Simple with Contract Public Access Portal

By Connie Egan on 03/10/17

This post was originally published 3/10/17. Updated 6/5/18.

Since 1967, the Freedom of Information Act (FOIA) has been providing the public with the right to request access to contract records and data from any Federal Agency. At the end of the 1950’s, the press and the public were consistently being denied information they sought out. The act was eleven years in the making after countless arguments on whether it was even necessary to begin with. After reluctance from President Lyndon B. Johnson, the Freedom of Information Act was signed into action and FOIA requests became a right for every citizen.

Continue Reading

Flexible User Permissions Strategies in Contract Management Software

By Connie Egan on 02/24/17

Not every contract is meant to be viewed by every set of eyeballs in an organization. Organizational controls must be defined to determine if all contract management software users should be able to have free reign over the system or if permissions should be established within the application. Most contract data stored in a CLM system is confidential to specific departments and should only be viewed by certain users. Converting to digital contracts means no more locking important data in a file cabinet in an associate’s office.

Continue Reading

How Does Contract Management Software Help Organizations Save Money and Improve Efficiency?

By Bradford Jones on 02/8/17

No matter the industry your organization is in, contracts are a major component of daily operations. Contracts are created for business partnerships, labor, vendor transactions, customers, and more.  Restaurant owners hire vendors for various produce and animal products. Human resources personnel create contracts when they hire employees and when there are changes to the employee handbook. Educators create contracts when enlisting the services or products of vendors.

Continue Reading

Maintain Security and Experience Other Benefits When You use Contract Management Software

By Bradford Jones on 01/23/17

Contracts are a part of doing business. Whether we're referring to a contract with a supplier, an employee, or a business partner, every single contract must be created, recorded, and stored. Before automated contract management software became a viable option, businesses, education institutions, and other organizations had to rely on filing cabinets and other means to store these contracts.

Continue Reading

What Core Features Should You Look for in a Contract Management Software System?

By Bradford Jones on 12/8/16

Contract management software is a must for many different industries. Before the development of contract management software systems, everything was done manually. This obviously had its drawbacks. Contract managers would be forced to store every contract into filing cabinets. Now, if there were just a few contracts this may have not been a major deal. However, most organizations deal with thousands of various contracts, making manual record keeping extremely difficult.

Continue Reading

How and why did Contract Management Software Arise?

By CobbleStone Systems on 11/10/16

Written by Chris Bejsiuk, Marketing/Sales at CobbleStone Software.

Do you remember the days when there wasn’t sufficient technology to make our jobs easier?

Everything on paper.  Office floors filled entirely of documents because people ran out of space - that is something I have actually seen with my own eyes.  Messy offices tend to lead to misplaced documents, which could lead to dire consequences like, say, lawsuits.

So when did a solution for all of this arise?

In 1995, CobbleStone Software was created, and came up with the answers.

Continue Reading

Benefits of Cloud-Based Contract Management

By CobbleStone Systems on 10/27/16

Cloud-Based Contract Management benefits your company the most when talking about contracts.

Why?  It is the simplest and most secure way to share data and information with one another.

This is the age of technology, and there is no choice but to go along with it. What’s the saying, “if you can’t beat ‘em, join ‘em”?

Contract Insight™ offers the simplicity every company needs.

Continue Reading

Lost Contracts? Not Anymore!

By CobbleStone Systems on 10/13/16

Demolishing filing cabinets, ripping out drawers, rummaging through mountains of papers, and scanning your calendars for expiration dates - I’m sure you’ve managed to lose important documents because there was no organization. It has probably caused you a great deal of stress.

Imagine all of your contracts being stored in a singular place – with no problems.

With Contract Insight™ Contract Management Software, this is what you are given.

Continue Reading

Will Authoring Contracts From Templates Benefit Your Team?

By Dylan Bari on 06/8/16

Contract writing and authoring can be the easiest or most complex step of thecontract lifecycle management process. Whether the contract is going to contain a minimal amount of information, or if it is going to contain hundreds of different terms and clauses; writing all of these contracts can be a daunting and time-consuming process. Because of this issue, select providers of contract management software have a solution. By using contract templates, your authorized users can easily author a new contract by using rules-based text and clauses. This feature is beneficial in many ways, but a few of the key benefits can be outlined in more detail below.

Continue Reading

Benefits of a Software Suite with Full Procurement and Contract Lifecycle Management

By George Miller on 05/5/16

Organizations across every industry are responsible for tracking, managing, and storing their contracts and agreements with vendors, clients, and partners.  For many companies with contracts and committals with vendors, tracking the sourcing of those agreements is essential.  Whether agreements with vendors are reached with simple or complicated procurement processes; a software suite with full procurement and contract lifecycle management can be enormously beneficial to any organization.

Continue Reading

SaaS vs. Locally Deployed: Which CLM Option is Right for Your Business?

By Dylan Bari on 04/7/16

You’re in need of contract lifecycle management software. You’ve found a product that is a good fit for your organization. However, some of these products are offered as a SaaS deployment, some products are offered as a local deployment, and some products can be offered as both a SaaS or local deployment option; and you are unsure which option is the most beneficial for your business. Do not worry. Your questions, concerns and uncertainties about which deployment option is right for your business will be answered in the reading that follows. Before you make a decision, the benefits of both the SaaS and locally deployed option should be outlined.

Continue Reading

Are Contract eSignatures Legal? Will eSignatures Hold up in Court?

By George Miller on 03/11/16

Electronic signatures are a must to streamline your contract management process.  They allow organizations to create efficiencies that expedite preexisting processes and reduce financial costs.  However, there are still individuals and organizations that question whether or not contract electronic signatures are legal and whether eSignatures will hold up in court.  The question is valid; potential litigation is a serious threat to any organization.  Judicial decisions and legal precedent in the United States have left very little ambiguity on whether or not contract electronic signatures are equivalent to handwritten signatures.  Organizations that use eSignatures should take comfort knowing that the courts have been on their side since 1869.

Continue Reading

Contract Management Software: Why Colleges and Universities Need it

By Dylan Bari on 02/25/16

Institutions of higher education use contracts for many purposes; whether ensuring the delivery of products and services, or fulfilling student, public, or organizational objectives, colleges and universities have a variety of instances where contracts must be utilized. Accordingly, with the overwhelming amount of contracts that these institutions use, it would be beneficial and more efficient for the institution to use contract management software. The benefits of using contract management software are abundant in higher education, but a few key benefits can be highlighted below.

Continue Reading

Increase Revenues with Sales Contract Management Software

By George Miller on 01/25/16

Revenue generation is the front line for all for-profit organizations.  The less efficient an organization’s sales team is, the less customers an organization will acquire; the less customers, the less revenue.  Most companies have goals oriented around maximizing revenue.  In order to maximize revenue, companies need to maximize their customer or client acquisitions.  The best way to help reach those goals is to have the most efficient sales team possible.  Contract Management Software can make any organization’s sales team more productive and more profitable by leveraging these tools:

Continue Reading

Contract Management Software: A Paralegal’s Dream Come True

By George Miller on 01/11/16

Paralegals are key resources for lawyers, law offices, corporations, government agencies, and many other organizations.  As a paralegal, you may typically be tasked with storing the documents related to corporate matters, tracking key dates, reaching out to business owners for next steps, and more.  Managing those responsibilities is crucial to both your personal, and your organization’s, success.  Contract Lifecycle Management (CLM) Software is a tool that can be used by paralegals to make your job easier, you more efficient, and you more effective.

Continue Reading

Pharmaceutical Contract Management: Sunshine Act Compliance

By George Miller on 12/29/15

The Physician Payments Sunshine Act was passed by the United States in 2010 in an effort to increase the transparency of the fiscal relationships of drug manufacturers, medical device producers, and biological and medical supplies companies with health care providers.  The institution of the Sunshine Act demanded pharmaceutical organizations with relationships to Medicare, Medicaid, and the State Children’s Health Insurance Program (SCHIP) to collect and track data relating to their agreements with entities such as physicians and teaching hospitals. 

Continue Reading

Enhance Your Organization’s Procurement Procedures with Contract Management Software

By George Miller on 12/15/15

Procurement processes are crucial to the overall success of an organization. Sourcing goods and services effectively can have a noticeable positive impact on a company’s bottom line. Contract management software can enhance an organization’s procedures by allowing for internal contract visibility, managing rules-based contract requests and requisitions, and ensuring the tracking of vendor performance ratings.

Continue Reading

The Importance of Streamlining Freedom of Information Act (FOIA) Requests

By George Miller on 12/2/15

The Freedom of Information Act (FOIA) is great if you don’t work in government and believe that, as a citizen, you should be entitled to knowledge of your government’s actions.  On the other hand, if you are a government contract administrator, complying with FOIA can be a time consuming process.  Especially if you are responsible for tracking the seemingly never ending supply of public records or determining if a contract record is, or is not, exempt to FOIA. 

Continue Reading

Build or Buy Healthcare Contract Management Software

By George Miller on 11/12/15

The decision to “build or buy” contract management software in the healthcare industry is a huge step in the process towards greater organizational efficiency.  Decision makers for hospitals, medical centers, and health plans must make this choice for a wide variety of software types including but not limited to: contract management software, billing and invoicing software, customer relationship management software, human resources software, or identity management software. 

Continue Reading

3 Advantages of Utilizing Automated Contract Management Workflow Tools

By Michael Donnelly on 10/26/15

In the business world, every professional is aware of what “workflow” is. Contract approval workflow, from the outside looking in, is just a giant chart of approvals and signatures that makes us all wonder, “Is all of this really necessary?” Of course, workflows are essential to keeping the buoyancy in every organization around the world. Processes must be followed in order to keep consistent, optimal production levels.

Continue Reading

Contract Compliance Monitoring with Contract Insight Contract Management Software: Leveraging Preventative and Detective Contract Controls

By CobbleStone Systems on 10/19/15

Oftentimes, large companies in highly-regulated industries such as healthcare organizations and public (government) agencies have strict guidelines that they are obligated to follow in order to monitor their contracts for compliance. Some of these include:

Continue Reading

Why E-Signatures are a Must to Streamline Your Contract Management Process

By George Miller on 09/30/15

Electronic signatures have been legally equivalent to handwritten signatures since Congress passed the ESIGN (Electronic Signatures in Global and National Commerce) Act in 2000.  With advances in encryption technologies, and the growing prevalence of the electronic marketplace, e-signatures are safer and more convenient than ever. 

The cynics of the past focused the argument around what electronic signatures were missing to be as acceptable as traditional signatures.  The debate has shifted to what efficiencies your organization is missing by not utilizing electronic signatures.

Continue Reading

Ensuring the Cyber-Security of Your Business

By Samantha Smith on 08/13/15

Cyber-security has become a huge concern for businesses today.  More and more organizations are falling victim to cyber-attacks due to improper handling and storage of sensitive data as well as lower security precautions. Our modern dependence on the convenience and connectedness that technology allows has made organizations more vulnerable to security risks. These threats have become so widespread that President Obama issued an executive order earlier this year mandating stricter cyber-security regulations and imposing stricter sanctions on organizations that engage in cyber-attacks that threaten national security and infrastructure.

Continue Reading

Achieving Maximum Return on Investment (ROI) with Contract Management Software

By Patrick Tiedeken on 05/29/15

No matter what industry you operate in, no matter what the economic landscape is, and no matter where you do business, ROI is critical. Contract lifecycle management software helps organizations across the world see a real return on investment. It really is a beautiful thing- leveraging technology to help manage your organization at a lower cost.

How does a CLM product provide return on investment? The following acts as an incomplete list that shows the real ROI possibilities when choosing an industry leading contract management software solution:

Continue Reading

Fiduciary Control of Your Contracts with Contract Insight™ Contract Management Software

By CobbleStone Systems on 05/14/15

A fiduciary duty is a legal, financial, ethical, or monetary trust between two or more parties. Typically, a fiduciary prudently takes care of money for another party, or person, and most times involves a contract or agreement between the parties.  Many parties enter into a contract, and the contract may contain fiduciary or financial responsibilities between the parties. But after the contracts are signed, many ask 'who is monitoring your organization's contract for contract budget amounts, actual spend, expected cost and, if any, amount remaining?' How can all of this be tracked easily?

Continue Reading

Contract Insight™ Contract Management Software

By Bradford Jones on 05/8/14

About CobbleStone Software

CobbleStone Software is a leading provider of advanced contract lifecycle management software and complimentary solutions to customers spanning the globe. Contract management software solutions are our specialty.  We launched the first commercial off-the-shelf contract software in 1995 and have kept improving our leading solutions.  

Continue Reading
Website Graphics_Collage for Website Module copy
RESERVE MY SEAT
REGISTER TODAY

Lists by Topic

see all