What is AI-Based Contract Management?

    By Sean Heck on 01/26/23

    Artificial intelligence (AI) is already sharpening professional methods across a variety of industries.  However, advancements in AI can be particularly advantageous as they apply to contract management software systems. Contract intelligence engines built upon a foundation of machine learning just need to be fed a nutritious diet of relevant contract data.

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    What Is an NDA? Understanding & Managing Non-Disclosure Agreements

    By Sean Heck on 01/25/23

    You’ve probably heard the term “NDA” thrown around in the context of contract and business processes. But what is an NDA? When should they be used? How can NDAs be managed?

    Let’s uncover what you need to know about the non-disclosure agreement (NDA).

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    Contract Management Reports for Robust CLM Data Analytics Oversight

    By Joshua Hansen on 01/23/23

    Tracking contract management data with manual and disparate processes throughout the contract lifecycle can prove challenging.  You can waste time and energy without readily accessible contract management reports for the following.

    • Contract Financials
    • Contract Terms
    • Workflows
    • Budgets
    • KPIs
    • Vendors
    • Compliance Data
    • & Other Essential Contract Data

    Fortunately, leading contract management software can provide you with contract management reports for robust contract performance management oversight.

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    Letter of Intent: Defining & Managing a Good-Faith LOI

    By Sean Heck on 01/19/23

    We know. We usually talk about contract management software here on the Contract Insights blog. But what if we rewound for now to a stage that often comes before contracts: letters of intent?

    What is a letter of intent? Why does it matter? What does it have to do with contracts?

    Read on to find out.

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    Obligation of Contracts - An Overview

    By Joshua Hansen on 01/17/23

    Unfulfilled contract obligations can create a post-award contract management nightmare that can escalate to stressful legal action – such as issuing a cease and desist or suing your counterparty. 

    So, how can you avoid this? 

    By clearly defining the obligation of contracts between you and your counterparty and leveraging contract management software tools to receive timely alerts for each obligation of contracts, you can retain contract obligation accountability instead of meddling with unnecessary disputes.

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    How Contract Review Can Be Easy With CLM Software

    By Sean Heck on 01/16/23

    Contract review is a crucial contract management stage.  Unfortunately, far too many organizations overlook this process or leverage out-of-date methods that can increase unnecessary risk.

    Thankfully, we can establish a contract review processes checklist and manage the life of a contract with leading contract management software.  Let’s get started.

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    Breach of Contract & the Importance of Contract Tracking

    By Sean Heck on 01/12/23

    At the heart of healthy business relationships are contracts. In an ideal world, contract parties perform obligations, they renegotiate or renew, and all are happy with a longstanding and fruitful business relationship…

    …but unfortunately, we do not live in an ideal world.

    Sometimes, one party fails to perform. As such, a breach of contract occurs. Time and money are wasted. Opportunities and value go “poof.” Crucial business processes are delayed or destroyed. Trust between parties is maimed.

    With all of these negative effects, a breach of contract should clearly be avoided. Parties should have the right tools to identify contracts’ failure to perform and prevent breaches of contract. Thankfully, contract management software can help.

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    Contract Generation: Mastering Contract Management Series

    By Sean Heck on 01/9/23

    Generation of contracts can be challenging for contract, procurement, and legal professionals.  Manual contract generation can be tedious and error-prone.  Moreover, a manual approach to document assembly can put organizations in the precarious position of facing:

    • significant process bottlenecks.
    • compliance issues.
    • increased risk.
    • excessive fines.

    It’s time to take control of contract generation.  Learn how to transform your manual contract generation process into a value-centric strategy. Make this transformation with the help of leading contract management software.

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    Wet Signature Meaning & Why Handwritten Signatures Are Obsolete

    By Sean Heck on 01/5/23

    Signed, sealed, delivered...What comes to mind when you imagine a "signature" being performed on a document? Most likely, you picture a wet signature - meaning a handwritten signature.

    The iconography of the wet signature is pretty ubiquitous, but what does a signature do? What is a wet signature? Why is it so obsolete? What's a better option than a wet signature?

    Read on to find out.

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    Digital Transformation: What It Is & Why it Matters

    By Sean Heck on 01/4/23

    You have likely heard the term “digital transformation” in a professional context. This term has become ever more prevalent since the start of the COVID-19 pandemic. Digital transformation initiatives have been leveraged to transform business processes and business outcomes.

    But what is digital transformation really – and why does it matter? Read on to find out!

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    CobbleStone Software Blog Recap for December 2022

    By Joshua Hansen on 01/3/23

    Did you miss any of our blog posts from December?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and source-to-contract management software best practices in January by reading the latest CobbleStone® content.

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    Contract Termination - A Simple, 3-Step Approach

    By Sean Heck on 12/28/22

    Contract termination should involve rigorous financial analysis, contract performance data analytics, and the creation of a notice of termination.  Unfortunately, contract termination involves tight deadlines and specific terms required to terminate a contract. Organizations need a strategy to identify contracts not meeting contract KPIs, write notices of contract termination, and secure proper contract closeout. 

    This article will show you how to implement this strategy readily with the help of contract management software.

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    A Look at CobbleStone’s Contract and eProcurement Success in 2022

    By Sean Heck on 12/27/22

    CobbleStone Software is proud to share that we have helped transform contract lifecycle management and procurement in 2022 in various ways. Additionally, we have experienced record-breaking growth this past year.  From broadening our client base and partner network to providing leading contract management software innovations and more, here are some noteworthy CobbleStone® successes from 2022.

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    Contract Lifecycle Automation - End-to-End CLM Efficiency

    By Joshua Hansen on 12/14/22

    Managing contracts can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on manual processes.

    Managing the contract lifecycle can prove difficult with spreadsheets, emails, filing cabinets, and other disparate tools.

    Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and holistic contract lifecycle automation processes.  Thankfully, robust contract management softwarewith a foundation of AI and machine learning can help automate contract lifecycle management processes.

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    A Concise Contract Management Best Practice Guide

    By Joshua Hansen on 12/12/22

    Managing contracts from requests to renewals can prove difficult when relying on primarily manual processes. Your organization could be sacrificing accountability, visibility, a clearly defined strategy, and actionable insights. As such, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks. 

    But it does not have to be this way. Modern advances in contract management technology can allow your organization to scale with success.

    Read on to learn how leading contract management software can support each contract management best practice below for efficient contracting processes.

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    CobbleStone Software Blog Recap for November 2022

    By Joshua Hansen on 12/6/22

    Did you miss any of our blog posts from November?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and source-to-contract management software best practices in December by reading the latest CobbleStone® content.

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    Contract Renewals: Mastering Contract Management Series

    By Sean Heck on 12/5/22

    Manual contract management with spreadsheets, emails, emailed reminders, and wet signatures may suffice for organizations with low contract volume and complexity.  

    Unfortunately, organizations managing thousands of contracts of ranging types can face challenges.  Moreover, such an outdated contract renewal strategy can increase risk and decrease opportunity realization.  It's time to take control of contract renewals.  Read on to learn how to leverage contract renewal process best practices with contract management software.

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    Contract Manager - A Brief Overview of What They Do

    By Sean Heck on 12/1/22

    Contracts are essential in supplementing business transactions, business relationships, and business growth; naturally, so are those who manage those contracts. But what does a contract manager really do – and what makes a good contract manager? Read on to find out.

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    Contract Meaning - What Does It Mean to Enter Into a Contract?

    By Sean Heck on 11/30/22

    We hear about contracts all the time. They power business relationships across sectors, industries, and nations. Individuals, businesses, and societies at large use contracts to fulfill wishes and needs. Contracts keep our world moving.

    But what is a contract really? Read on to find out.

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    Contract Drafting Made Easy With Contract Software

    By Sean Heck on 11/28/22

    Contract drafting is a multi-faceted and complex process.  Document collaboration, contract authoring, negotiation, terms and conditions, and other relevant steps can be challenging. They are all the more challenging if you are relying on manual tools - such as shared drives and emails.  Leave tedious, manual contract drafting methods in the past by embracing robust contract management software.

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    4 Ways a Proper Electronic Contract Improves Contract Management

    By Sean Heck on 11/22/22

    Traditional paper contracts were replaced long ago by better contract processes. The paper document has been foregone in favor of digital contracts. However, not all computer-based contract management processes are created equal.

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    6 Vital Government Contract Management Tools for 2023

    By Sean Heck on 11/21/22

    As a government contract manager, it's helpful to stay up-to-date with the latest government contract management, purchasing, and sourcing tools - especially as the industry keeps evolving through 2023 and beyond. 

    Read on to discover six user-friendly government contract management software tools you can leverage to streamline your public contracting processes.

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    What Is an Executed Contract? - A Brief Overview.

    By Sean Heck on 11/17/22

    Contract execution is a critical stage in contract lifecycle management. By this point, the terms of the contract have been negotiated. Parties have ensured that everything is understood and all necessary resources have approved the written agreement. From there, contract parties sign the contract to propel its execution.

    Given the importance of this stage of contract management, you should know what an executed contract is and its meaning. As such, here is a brief overview of an executed contract.

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    7 Enterprise Contract Management Best Practices To Succeed in 2023

    By Joshua Hansen on 11/15/22

    Managing contracts can be challenging - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives.  Without accountability, visibility, and actionable insights, you can find yourself confronting contracting workflow bottlenecks.  Enterprise contract lifecycle management (CLM) requires careful planning, the right technology, and a well-planned contract strategy.

    To gain the most out of enterprise contract management, take advantage of seven best practices.  Enterprise contract management best practices involve contract lifecycle management software. CLM software digitally unifies processes from contract requests through renewals. It provides a centralized, web-enabled, single source of truth for contracts. 

    Read on to learn more.

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    CobbleStone Software Blog Recap for October 2022

    By Joshua Hansen on 11/9/22

    Did you miss any of our blog posts from October?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in November by reading the latest CobbleStone® content.

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    Boost AI-Based Contract Negotiations With CobbleStone® Auto-Redlining

    By Sean Heck on 11/8/22

    The process of redlining contracts for contract negotiation can be challenging if done improperly.

    Organizations that edit documents manually in Microsoft Word can increase the chances of human errors. What’s more, constant back-and-forth edits via emailed documents can result in version control mistakes and broken formats. Mission-critical clauses and sections can either be left out of a legal document or improperly positioned. Additionally, the amount of time spent on tedious, outdated redlining processes can result in lost revenue and opportunities.

    Thankfully, your legal team can start saving time on the contract negotiation process with CobbleStone’s user-friendly auto-redlining tool - powered by VISDOM® artificial intelligence. Here’s how to leverage auto-redlining within CobbleStone Contract Insight® contract management software.

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    What Is Contract Negotiation and How Can Legal Technology Help?

    By Joshua Hansen on 11/3/22

    Contract negotiation can create the difference between a strong or weak contract, which can directly impact the bottom line of an organization. As contract negotiation processes evolve at the speed of technological innovations, discover how leading-edge legal technology can empower your negotiation processes - including the use of robust version control, document collaboration, rules-based clause ownership, redlining software, and more.  While contract negotiations can take their necessary time, automating contract negotiation steps where possible allows you to focus more on contract negotiation strategy.

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    Digital Signatures vs. Electronic Signatures: What's the Difference?

    By Sean Heck on 10/31/22

    What is a digital signature? Is it not the same thing as an electronic signature?

    We inhabit an ever-evolving technological landscape in which new and updated terminology and functionality are constantly presented. It can be confusing to know the differences between terms such as the two mentioned above. However, those differences are actually quite simple!

    Familiarize yourself with these two terms. Discover how to utilize both eSignatures and digital signatures to establish a process that is:

    • secure.
    • user-friendly.
    • compliant.
    • and rapid.
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    CobbleStone Contract Insight® 22.1.0 - A Refreshing CLM Experience

    By Sean Heck on 10/27/22

    CobbleStone Software's latest version – CobbleStone Contract Insight® Enterprise 22.1.0 – has arrived for a refreshing contract lifecycle management experience!

    Read on to acclimate yourself with next-level CLM features and innovations to bring your contract management software platform into the future of legal operations!

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    Reap the Rewards of Post Award Contract Management

    By Maria Votlucka on 10/24/22

    Government contract management is divided into three stages: procurement or acquisition planning, sourcing, and post-award contract management. 

    The first two stages have had the most focused time and financial investment for improvement.  This approach leaves post-award management as a secondary duty for contract officer representatives (CORs) and contract managers within legal teams. Consequently, they are left unsupported for compliance, risk management, and opportunity realization. 

    Arguably, contract processes after acquisition and sourcing are the most crucial stages for public-sector and private-sector contract managers. However, these stages notoriously lack proper visibility and resources.  This article will address the challenges and present actionable post-award contract management best practices with the help of contract management software.

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    Healthy Vendor Contract Management - 4 Simple Steps

    By Sean Heck on 10/20/22

    We would venture to say that all businesses from various industries in the public and private sectors need vendors. Vendor relationships help power business processes. Vendors can provide supplies, services, maintenance, and raw materials for generating products. As such, it is important that organizations maintain business relationships with third-party vendors.

    Unfortunately – as is the case with most things – there is a right and a wrong way to go about vendor management.

    Contract and procurement teams need to sidestep spend leakage, detrimental terms, and soured vendor relationships. On the other hand, proper vendor contract management can set the stage for positive growth and opportunity realization. Here’s how.

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    What Is Contract Management Software?

    By Sean Heck on 10/17/22

    As your organization grows, so do the complexity and volume of your contracts. Your contract management process needs to expand with your company. This is where a contract management system comes in.

    But how can your business users prepare for growth with a better way of managing contracts?

    Read on to find out!

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    What Makes a Contract Legally Binding? How To Manage Legal Contracts.

    By Sean Heck on 10/13/22

    Contracts and agreements power every industry. We would even venture to guess that virtually every business utilizes contracts in some form or another. As such, organizations must ensure that their contracts are properly prepared and legally enforceable.

    Let’s review what makes a contract legally binding, and how to manage legal contracts to ensure that they are virtually airtight from contract execution to contract renewal.

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    How to Swap Disorganized Document Storage Systems for Something Better

    By Sean Heck on 10/6/22

    Document, contract, and record management require a secure and accessible way to access necessary documentation and data. Unfortunately, this is not observed by some organizations – causing them to fall behind.

    Outdated document storage methods that rely on file cabinets, shared drives, and locally-saved documents no longer cut it. Document scanning and subsequent file share can waste time and decrease oversight.

    Thankfully, organizations no longer need to face storage limitations and decentralized file management. With enterprise content management within contract management software, organizations can up their storage game. Here’s how.

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    Here’s Why Contract Templates Are a Must-Have for Contract Management

    By Sean Heck on 10/5/22

    From services contracts to consulting agreements to employment contracts – contracts are an essential part of business relationships across industries. However, writing even simple contracts from scratch can seem daunting.

    Without a starting point, drafting contracts can prove time-consuming and challenging. Your contract team can suffer from critical inaccuracies and missed opportunities.

    Thankfully, your organization can leverage easy-to-customize and mergeable contract templates to save valuable time and maximize accuracy.

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    CobbleStone Software Blog Recap for September 2022

    By Joshua Hansen on 10/4/22

    Did you miss any of our blog posts from September?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in October by reading the latest CobbleStone® content.

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    The 3 Document Lifecycle Stages - An Easy-to-Understand Overview

    By Sean Heck on 09/29/22

    Managing various documents across business processes can be difficult. Without document controls and a development process for the management of business documents, your organization can expend valuable time and effort chasing down paper documents and those within disorganized digital storage. Without easy accessibility, your organization can suffer from document loss and misplaced versions.

    Fortunately, your organization can compartmentalize the stages of a document lifecycle to better understand the document management process. To that end, let’s explore the three stages of the document lifecycle!

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    Contract Lifecycle Process Failure - An Investigation

    By Sean Heck on 09/22/22

    Oh no!  It happened: contract lifecycle process failure.  Something went wrong during contract lifecycle management - resulting in contract failure.  But fear not; as a contract management professional, you are a worthy investigator.  It is time to put on your detective hat, grab a notepad, and piece together the clues as to why your contract lifecycle process failed.  You can also inspect how this tragedy could have been avoided with contract management software.  Let the investigation begin!

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    Why Your Document Repository Needs To Be Secure Yet Flexible

    By Joshua Hansen on 09/21/22

    Managing documents within an unorganized and insecure document repository can slow down your document management processes and leave your organization exposed to undue risk. Relying on manual and disparate systems - such as shared drives, emails, and spreadsheets – can cause you to fall into document mismanagement pitfalls.  Considering how organizations ranging from small businesses to global enterprises leverage document repositories daily, discover how contract management software can empower you with secure yet flexible document repository tools.

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    4 Examples of Bad Contract Drafting & 4 Ways to Draft Contracts Better

    By Reshaun Timmons on 09/20/22

    Contract drafting can be a multi-faceted and tremendously tricky process. This difficulty especially holds true for those new to corporate law and contract management. Before we can get into how to draft contracts correctly, we must know what we should avoid. As such, here are four examples of lousy contract drafting – followed by four ways to draft contracts better.

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    CobbleStone Hosts Its Conference in Austin TX: October 12-14 2022

    By Joshua Hansen on 09/16/22

    CobbleStone Software's in-person user conference will be hosted in Austin, Texas, from Wednesday, October 12th, through Friday, October 14th, 2022.  The 2022 CobbleStone Conference will include engaging breakout sessions and dynamic speakers to enhance your contract management software experience.  Considering that the 2021 CobbleStone Virtual Conference received tremendous positive feedback, we eagerly anticipate continuing our successful user conference track record by engaging with CobbleStone Contract Insight users and prospective users in person soon!  Prospective CobbleStone users can register for a one-day-only complimentary contract management conference on October 13th. The 2022 CobbleStone Conference is proudly sponsored by Four Business Solutions. Read on to see what you can expect to gain from the 2022 CobbleStone Conference, so you can secure your seats before registration closes on October 1st, 2022!

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    Passing on Contract Analysis? You May Be Repeating CLM Mistakes.

    By Sean Heck on 09/15/22

    The age of digital transformation has forged a path of opportunity for analyzing vital information to improve business processes. This phenomenon strongly applies to contract data as well. Unfortunately, many businesses managing contracts fail to maximize contract data points to learn from mistakes and improve contract processes. As such, they fail to reduce risk, optimize contract terms and language, proactively recognize growth opportunities, strengthen the contract review process, and more.

    Thankfully, you can avoid falling victim to contract lifecycle process failure and stagnation with contract management software.

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    Contract Clause – An Overview of How Contracts & Clauses Come To Be

    By Sean Heck on 09/13/22

    Contract clauses and contracts themselves are built into the identity of the United States and so many other great nations. With the help of historic Supreme Court rulings, the contract and the contract clause were weaved into the cultural fabric of US society.

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    7 Essential eSourcing Tools for 2023

    By Joshua Hansen on 09/7/22

    Utilizing manual sourcing methods - such as gathering item prices in spreadsheets, corresponding with prospective bidders individually via email, leveraging paper-based RFPs, and collecting numerous data separately from pontential suppliers - can cause you to face a time-consuming challenge in sourcing quality and cost saving goods or services.  Without the proper tools, sourcing professionals within your procurement team could fail to determine formal bids, RFPs, budget allowances, stock levels, current contracts, and contingencies in purchase order releases.  Fortunately, you can utilize the following seven essential eSourcing software tools for seamless source-to-contract management success.

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    Million-Clause Project Milestone - 500K Clauses Fed To Contract AI!

    By Sean Heck on 09/6/22

    In April 2022, we announced CobbleStone's exciting million-clause initiative to nourish and enhance VISDOM® AI - CobbleStone Software's proprietary contract intelligence engine with machine learning.  In June 2022, we announced that 330K contract clauses had been fed to VISDOM contract AI.  Now, we are thrilled to announce that over 500,000 clauses have been "fed" to VISDOM thus far!  This stage in the momentous 1,000,000 contract clause project is just one of many testaments to why CobbleStone® has been hailed as the leader in contract management software.

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    5 Essential Contract Management Tools for 2023

    By Sean Heck on 09/1/22

    With new advancements and options for effective contract management continually evolving, we’ve detailed five essential tools contract managers must empower themselves with to navigate the ever-changing landscape of contract management best practices going forward.

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    CobbleStone Software Blog Recap for August 2022

    By Sean Heck on 08/31/22

    Did you miss any of our blog posts from August?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in September by reading the latest CobbleStone® content.

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    What Is a Contract Amendment? How Can Contract Amendments Be Managed?

    By Sean Heck on 08/30/22

    A contract amendment is a modification of the terms and conditions of a contract or subcontract.

    Though we will explore contract amendments more in-depth, it is worth noting that changing the structure, duties, obligations, or rights of a contract requires increased oversight.

    To that end, let's explore contract amendments and how disparate, important, and sensitive information can be managed, and contract amendments can be executed smoothly for effective contract management.

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    6 Elements of a Contract - An Easy-to-Understand Overview

    By Sean Heck on 08/25/22

    Business relationships power various industries within the public and private sectors. At the crux of virtually every business relationship is a contract. Contracts serve to cement the obligations, duties, and expectations of two or more engaged business parties.

    But what are contracts really? How do they work on a fundamental level?

    Let’s explore six key elements of a contract that are widely applicable to almost every business relationship – and why they matter for effective contract management.

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    5 Contract Drafting Tips To Invigorate Your Legal Operations

    By Sean Heck on 08/23/22

    Contract drafting is essential in helping capture the purpose of a contract in written form. Haphazard drafting of a contract can result in pushing outdated contract versions to collaboration and negotiation. Additionally, the lack of a centralized and informed process can result in incorrect language being introduced into the review process. Unfavorable terms, missed obligations, and legal disputes can follow.

    To help you avoid these consequences and more, here are five practical contract drafting tips for more effective contract management.

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    The CobbleStone University Certification Program

    By Tyler Holzer on 08/18/22

    CobbleStone Software is proud to introduce the CobbleStone University Certification Program (CUCP)! The program will strengthen and verify our Partner Network’s expertise in CobbleStone Contract Insight® Enterprise. The program is comprised of a series of live training sessions and videos with accompanying documentation, and culminates in assessments to earn your certification. Read on to learn more!

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    Contract Risk Management - Breaking Down the Basics

    By Reshaun Timmons on 08/17/22

    Proper contractual risk management is critical for the preservation of a healthy contracting process. Failure to adequately manage risk can be disastrous. Harmful risk oversights not only affect legal teams – but organizations as a whole.

    Your organization should work to avoid a breach of compliance, violation of contract terms, lost revenue, wasted time, lawsuits, and a damaged company reputation. As such, let’s break down contract risk management and how it can be maximized with contract management software.

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    The 3 Contract Management KPIs for Success

    By Maria Votlucka on 08/15/22

    Contract managers are under increased pressure to deliver value with reduced contract risks, decreased contract costs, and improved contract performance.  When you regularly measure the success of contracts against contract management KPIs, you can proactively readjust your contract strategy to ensure goal alignment drives critical and positive organizational impact.  Read on to learn how contract management software can help maximize three important contract management KPIs for success.

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    What Is Contract Management? Here’s What You Need To Know.

    By Sean Heck on 08/11/22

    Contracts are legally binding agreements that define and govern the exchange of goods or services. A contract’s journey – from creation to fulfillment and completion – is complex and leaves room for errors and oversights. As such, a process has been generally agreed upon for the handling of contracts. This process is referred to as contract management.

    But what is contract management, and how can it be approached? Here’s what you need to know.

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    CobbleStone Software Blog Recap for July 2022

    By Joshua Hansen on 08/10/22

    Did you miss any of our blog posts from July?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in August by reading the latest CobbleStone® content.

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    6 Contract Compliance Mistakes You May Not Know You’re Making

    By Sean Heck on 08/9/22

    Contract compliance is crucial for the success of a contract – and sets the stage for contract renewals. Unfortunately, many organizations are (sometimes unwittingly) exposing themselves to financial risk, breaches of contract, and legal penalties. Contract compliance mistakes can lead to contract failure, data leakage, a shattered reputation, lawsuits, and more.

    Contract managers need to know their mistakes in order to correct course. As such, here are six contract compliance mistakes you might not know you’re making.

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    Not Using Contract AI? Contract Process Failure May Be In Your Future.

    By Sean Heck on 08/4/22

    Digital transformation is the future of contract management – whether legal operations professionals like it or not. Organizations not leveraging contract intelligence may very well encounter a bleak contract lifecycle management future.

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    Your Contract Database of the Future With Contract Management Software

    By Sean Heck on 07/28/22

    The contract management process has evolved drastically over the years. Managing contracts with obsolete methods is sure to make your organization fall behind. Luckily, you can automate contract lifecycle management with a contract database within contract management software. Let’s explore how a contract management database can take your contract management or legal team into the future.

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    Here’s Why Electronic Document Signing Is Great for Contract Processes

    By Sean Heck on 07/27/22

    Gathering signatures for a contract or agreement can be difficult without the proper tools. Outdated and slow signing methods can cause signature bottlenecks that delay contract execution. What’s more, high costs for wet signing and postage can decrease your bottom line.

    Fortunately, there is a better way. Let’s discuss why electronic signature software within contract management software is awesome for your contract processes.

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    3 Smart Goals for Contract Managers

    By Joshua Hansen on 07/26/22

    As contract management continuously evolves amidst ongoing digital transformation, it's important to pursue smart goals that can keep up with the times.  Rather than fall behind with manual contract management processes that require disparate tools - such as email, spreadsheets, and shared drives – read on to see how you can leverage future-minded contract management software tools to fulfill your contract management goals successfully.

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    Contract Signing Made Easy with eSignature Software

    By Joshua Hansen on 07/21/22

    Gathering contract signatures can be a challenging task, especially when working with multiple signatories in various locations.  Signatures finalize contracts and propel their execution. This highly anticipated step can be delayed with manual processes that include scanning signed documents, emailing scanned contracts, signing with wet signatures, mailing contracts with wet signatures, and reorganizing signed contracts in shared drives - to name a few. Moreover, specific signatures can require notarization, which can further delay the signing process.  Read on to learn how eSignature software within contract management software can make contract signing quick and easy.

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    Contract Authoring - What You Need To Know To Get Started

    By Sean Heck on 07/18/22

    Contract authoring is essential.  An inefficient process can hinder organizations and result in error-prone contracts with missing or misplaced clauses.

    Additionally, overlooked key dates and milestones and a confusing process can stall the contract lifecycle.  Luckily, leading contract management software can provide intelligent authoring.  Read on to learn how to simplify and modernize the contract writing process.

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    6 Tips for Effective Contract Management in 2023

    By Sean Heck on 07/14/22

    The age of legal operations digital transformation continues in 2023, with even more exciting digitization tools for business process automation available.  The more contract administration tools available to legal teams and contract administrators – however – the easier it is to fall behind.  With that said, let’s examine six tips for effective contract management in 2023 to get ahead with contract management software.

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    3 Key Contractual Compliance Management Areas To Streamline With CLM

    By Joshua Hansen on 07/12/22

    Contractual compliance management can be challenging when leveraging primarily manual methods, such as spreadsheet management – especially when tracking multiple contracts with varying compliance standards.  Fortunately, contract lifecycle management (CLM) software tools can help you retain contractual compliance.  Read on to discover how you can streamline three key contractual compliance management areas with leading contract management software.

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    Top 8 Contract Management Services for a Stronger Contract Lifecycle

    By Sean Heck on 07/7/22

    A study examining the reasons for contract management process failure found that key indicators of contract mismanagement include (among others) poor contract lifecycle planning and scheduling, late or improper contract submission and approvals, weak leadership, and lack of counterparty collaboration and communication (Mohamed, Norazida, et al., 2019).  Luckily, with leading contract management software and the proper contract management services, your organization can streamline contract management, decrease risk, increase revenue, and much more.  To that end, let's examine our top eight contract management services for more robust contract lifecycle management.

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    CobbleStone Software Blog Recap for June 2022

    By Sean Heck on 07/5/22

    Did you miss any of our blog posts from June?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in July by reading the latest CobbleStone® content.

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    Million-Clause Project Update - 330K Clauses Fed To Contract AI So Far

    By Sean Heck on 06/30/22

    In April, we announced CobbleStone Software's momentous million-clause initiative to enhance and nourish VISDOM® AI - CobbleStone's proprietary contract artificial intelligence engine with machine learning.  Now, we are excited to share that - in just two months - over 330,000 clauses have been "fed" to VISDOM contract intelligence thus far!  This momentous 1,000,000 contract clause initiative is just one of many reasons that CobbleStone® has been celebrated as the leader in contract management software.

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    What is Contract Lifecycle Management?

    By Sean Heck on 06/28/22

    Organizations of all sizes face the need to juggle multiple contracts simultaneously, with each contract being at a different stage of the contract lifecycle.  Leading contract management software reduces risk, improves productivity, and maximizes a contract's value.  But what is contract lifecycle management?  Read on to find out!

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    The 8 Stages of the Contract Lifecycle

    By Jamie Reedy on 06/27/22

    Contracts are legally binding - and thus need to be executed properly.  Organizations should equip themselves with a thorough understanding of the contract lifecycle.  The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - potentially - renewed.  The "lifecycle" is an archetype used to compartmentalize and understand a contract's complex evolution.  The lifecycle begins with contract requests and concludes when these requests are fulfilled - with the possibility of contract renewal.  Let's further explore the eight stages of the contract lifecycle below and how contract management software can help streamline your contracting processes. 

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    Artificial Intelligence Contract Analysis - Contract AI for Better CLM

    By Sean Heck on 06/23/22

    The contract analysis process is a many-feathered bird.  Between tracking and gaining insights from clauses, tracking contract status, and managing risk variables - there is ample room for mistakes and bottlenecks.  Luckily, organizations can manage contract analysis better with contract artificial intelligence within contract management software.

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    What Is a Contract Administration Plan?

    By Joshua Hansen on 06/21/22

    Contract administration can be a daunting process when relying on primarily manual tools - such as spreadsheets, shared drives, and disparate emails.  Without accountability, visibility, and a clearly defined contract administration plan, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks.  Read on to learn how you can create a strong contract administration plan with the help of leading contract management software.

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    How Mass eSignatures Boost Healthcare Compliance & Efficiency

    By Jessica Troppello on 06/13/22

    Within the healthcare industry, keeping documents and files up-to-date is crucial to maintaining compliance.  Healthcare agencies, such as the FDA, NHS, and Health Canada, are continually monitoring hospitals, physician's offices, and other healthcare facilities to ensure healthcare professionals, administrators, and providers are keeping up with legal requirements.  The maintenance of healthcare compliance and healthcare CLM efficiency requires significant time and resources invested in signing processes.  With so many documents and versions to sign, there is room for error - and healthcare compliance can be jeopardized.  Luckily, healthcare contract management software can provide mass eSignatures for maximized healthcare compliance and efficiency.  Here's how.

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    Your CLM Platform - How to Set Sail Toward Better Contract Management

    By Camryn Wolk on 06/9/22

    Navigating your CLM Platform can be difficult if you aren't equipped with a thorough understanding of the contract lifecycle.  The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - possibly – renewed.  The "lifecycle" is an archetype used to characterize and understand a contract's complex growth.  The lifecycle voyage begins with contract requests and ends when said requests are achieved – with the feasibility of contract renewal.  With so many complex processes involved in contract lifecycle management, it can be easy to sail toward the treacherous waters of contract mismanagement.  With a strong sense of how to leverage leading CLM software, however, you can quickly get your legal operations sea legs!  Read on to learn how you can set sail toward better contract management.

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    What Is Legal Operations Software?

    By Joshua Hansen on 06/8/22

    As a legal operations professional, you hold a tremendous responsibility within your organization – especially in managing internal and external stakeholder processes.  Relying on manual contract management processes such as spreadsheets, emails, and shared drives can create inefficient contract management processes that can decrease revenue, waste time, and increase risk.  Read on to learn how legal operations software and contract management software can empower your day-to-day legal operations.

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    What Is Contract Management in Healthcare?

    By Sean Heck on 06/7/22

    What is contract management in the context of the healthcare industry?  What steps, tasks, and requirements are involved?  What does your organization need to do to maintain proper healthcare contract management processes?  What tools can your organization use to centralize and streamline healthcare contract management?  Read on to discover better contract management in healthcare with leading contract management software.

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    5 Key Advantages of Contract Management Workflow Automation

    By Joshua Hansen on 06/2/22

    Managing contracts can be challenging when you rely on primarily manual processes. Managing the contract lifecycle from requests to renewals can prove challenging with spreadsheets, emails, and other disparate tools.  Without accountability, visibility, a clearly defined process, and actionable insights, you can find yourself running into compliance issues, not realizing contract value, and encountering other contract management setbacks.  Contract management workflow requires careful planning, the right technology, and a well-thought-out contract strategy.  Read on to discover five key advantages of contract management workflow automation within contract management software.

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    CobbleStone Software Blog Recap for May 2022

    By Sean Heck on 06/1/22

    Did you miss any of our blog posts from May?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in June by reading the latest CobbleStone® content.

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    Debunking Myths of Moving From On-Premise to SaaS Contract Management

    By Camryn Wolk on 05/31/22

    Organizations may be hesitant to move from on-premise to software-as-a-service (SaaS) contract management solutions due to misguided presumptions. Such “myths” can be misleading and discouraging to potential software users, leaving them exposed to contract data loss, contract management software user errors, and the complication of contract lifecycle management process centralization. Conversely, cloud-based contract management software can streamline, unify, and automate legal operations. To that end, let’s set the record straight and debunk five prevailing myths about SaaS contract management.

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    What Is E Sourcing & How Can I Get Started?

    By Sean Heck on 05/24/22

    What is e sourcing?  Why is it important?  What can I do to get started with a suitable eSourcing process?  Read on to define "eSourcing," discover the troubles of manual sourcing processes, and learn how to optimize your eSourcing process in the age of digital transformation with a centralized and user-friendly integrated eSourcing software and contract management software platform.

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    The Top 7 Procurement Tools for 2022

    By Sean Heck on 05/23/22

    As 2022 nears its midway point, procurement teams should maximize their goals.  An ineffective procurement strategy can lead to increased risk, dark purchasing, data inaccuracies, supplier issues, and a longer purchasing cycle.  So stop wasting time, opportunities, and resources with an inefficient and ununified procurement process.  Discover how you can leverage 7 procurement tools within an eProcurement platform that also contains contract management software tools for procurement process-flow success in 2022 and beyond.

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    7 Vital Legal Contract Management Software Tools for 2022

    By Sean Heck on 05/18/22

    It remains true that general counsel and paralegals continue to encounter growing contract complexity and volume.  An ineffectual legal contract management process makes obstacles for legal departments tough to overcome.  Here’s how to leverage seven legal contract management software tools for a streamlined legal contract lifecycle, reduced risk, and minimal contract lifecycle bottlenecks and delays.

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    CLM + CRM = Sales Contract Management Success

    By Joshua Hansen on 05/17/22

    Managing your CRM (client relationship management system) separately from your CLM (contract lifecycle management system) can cause sales contract management bottlenecks - such as disorganization, miscommunication, and increased risk.  Fortunately, leading contract management software can help you achieve sales contract management success by seamlessly connecting your CLM and CRM.  Read on to learn how connecting your CLM and CRM can help expedite your sales contract management process by sharing relevant and timely information between sales and contract management teams efficiently – helping close sales deals quickly and track post-signature responsibilities effectively until renewal.

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    Perks of Moving From On-Premise to SaaS Contract Management Software

    By Sean Heck on 05/12/22

    In the age of digital transformation, organizations from a vast array of industries are switching from on-premise to web-based SaaS (software as a service) software deployment to streamline business operations.  Those using contract management software are no exception.  There are times when on-premise (deployed) contract management solutions are applicable.  However, on-premise solutions can leave organizations exposed to contract data loss, contract management software user errors, and the complication of contract lifecycle management process centralization.  Conversely, cloud-based contract management software can streamline, unify, and automate legal operations.  To that end, here are some perks of switching from an on-premise to a SaaS contract management software solution.

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    Introducing New CobbleStone Contract Insight® End-User Training Videos

    By Tyler Holzer on 05/10/22

    Onboarding and training your next generation of employees can prove time-consuming and somewhat stressful for most organizations.  Turnover in your legal team, compliance, and other key roles can create friction that affects your bottom line.  Fortunately, CobbleStone Software is dedicated to protecting your source-to-contract management workflows from process bottlenecks by creating a smooth learning experience for your new contract management software users.

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    5 Electronic Purchase Order Management Tools for 2022

    By Camryn Wolk on 05/9/22

    Purchase orders play a vital role in ensuring you have the goods and services necessary to operate and expand your business.  With robust purchase order management software, you can lower administrative costs, boost accountability, enhance communication and asset management, and assist your organization in achieving successful operations - all while enjoying seamlessly integrated contract lifecycle management.  Read on to learn five key electronic purchase order software tools within contract management software.

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    How Energy Contract Management Software Powers the Energy Industry

    By Sean Heck on 05/5/22

    Efficient contract management is essential for the health of organizations in all industries - including the energy industry.  Energy sector companies need to work with many contracts, bids, vendors, suppliers, and contractors to maintain operations and increase revenue.  Tackling these different processes in a fast-paced business environment can prove quite challenging.  With a decentralized approach involving contracts stored in filing cabinets, costly payments per solicitation, limited vendor and supplier outreach, tedious collection of vendor responses through email, contract lifecycle inefficiencies, and easily-missed key date reminders, organizations in the energy sector can quickly find themselves "unplugged" and "out of battery" with decreased revenue, increased risk, and missed opportunities.  Luckily, integrated contract and procurement software can help.  Read on to learn how energy contract management software can supercharge energy industry contract and procurement operations to keep organizations "on the grid" of digital transformation.

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    7 Key Contract Lifecycle Management Questions To Consider

    By Joshua Hansen on 05/3/22

    Managing contracts can be challenging - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives.  Without accountability, visibility, a clearly defined process, and actionable insights within a contract management software platform, you can find yourself confronting contract management bottlenecks.  Contract lifecycle management (CLM) requires careful planning, the right technology, a well-planned contract strategy, and robust contract lifecycle management processes.  To gain the most out of contract lifecycle management, you need to ask key questions in order to find the right answers.  Read on to discover seven key questions to consider when implementing contract lifecycle management, including key features to look for when leveraging a CLM software platform.

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    CobbleStone Software Blog Recap for April 2022

    By Sean Heck on 05/2/22

    Did you miss any of our blog posts from April?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in May by reading the latest CobbleStone® content.

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    No Advanced Electronic Signature Software? Here’s What You’re Missing.

    By Sean Heck on 04/28/22

    An antiquated contract signing process can be exhausting and overly complicated.  However, tedium and headache are not the only consequences.  Organizations relying on paper-based printing, signing, wet signatures, drawn-out mailing times, and costly postage fees are essentially guaranteed to lose out on revenue, opportunity, and timeliness.  But why?  What's so good about a more modern contract signing solution anyway?  Read on to learn about what you are missing if you lack an advanced electronic signature software solution within contract management software.

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    6 Contract Analytics Software Tools for Strong CLM Oversight

    By Joshua Hansen on 04/26/22

    Tracking contract management data with manual and disparate processes throughout the contract lifecycle can prove challenging.  Without readily accessible contract analytics software tools for contract financials, workflows, budgets, KPIs, vendors, compliance, and other essential contract metadata, you can waste time and energy.  Fortunately, leading contract management software can provide you with contract analytics software tools for robust source-to-contract lifecycle management oversight.

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    CobbleStone® Pioneers Million-Clause Initiative to Enhance Contract AI

    By Sean Heck on 04/21/22

    There is an almost limitless abundance of wildlife within the animal kingdom.  And yet, some zoologists can recognize thousands of species, along with how they function within their ecosystems, how they behave, what they eat, where they obtain shelter, etc.  But how do zoologists come to know so much about the creatures around us?  The answer is through repeated exposure to and study of such beasts.

    Similarly, contract artificial intelligence within contract management software can come to recognize almost countless different types of clauses within contracts - if said contract intelligence engine is fed a "nutritious diet" of various contract clauses and terms.  Such is the idea behind CobbleStone Software's million-clause initiative to nourish and enhance its proprietary contract artificial intelligence engine with machine learning - VISDOM® AI.

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    4 Fundamental Contract Management Software Features To Get You Started

    By Sean Heck on 04/19/22

    It is easy to make your case for contract management software and its ability to positively transform contract lifecycle management processes.  With so many user-friendly contract management software features at your disposal, it can be overwhelming to plan precisely how to utilize contract management software for your organization's needs.  But it does not have to be.  To that end, here are four fundamental contract management software features to get you started with better contract administration in the age of legal operations digital transformation.

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    Enforce Contract Data Archival and Retention Easily With CLM Software

    By Joshua Hansen on 04/14/22

    Archiving and retaining contract data can prove challenging without the proper tools and procedures.  Contract data archival and retention processes can vary based on categorization, legality, and compliance variables.  Fortunately, leading contract management software can help sort through noise with the help of a secure contract repository, automated workflows, and timely notifications.

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    The Top 3 Contract Management Technology Trends of 2022

    By Sean Heck on 04/12/22

    This blog was originally published on September 15th, 2021.

    The world of contract administration has evolved drastically in recent years.  Given the ongoing COVID-19 pandemic and the embrace of digital transformation over obsolete legal operations methods, organizations must embrace automated contract management software tools that support remote contract collaboration and intelligent workflow automation.  As such, here are the top three contract management technology tools that organizations should leverage.

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    CobbleStone Software Blog Recap for March 2022

    By Sean Heck on 04/11/22

    Did you miss any of our blog posts from March?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in April by reading the latest CobbleStone® content.

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    Enhance Corporate Compliance and Risk Management With CLM Software

    By Sean Heck on 04/7/22

    Corporate compliance and risk management are critical for the success of a contract.  Organizations need to be aware of potential exposure to financial risk, legal penalties, breaches of contract, and other risks while adhering to industry laws, government regulations, internal policies, and other compliance rules.  Failure to do so can result in a lack of corporate compliance, contract failure, lawsuits, a compromised reputation, data leakage, and worse.  Luckily, organizations can leverage leading contract management software to enhance corporate compliance and risk management.  Here's how.

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    6 Problems Faced in Contract Management (And How To Solve Them)

    By Sean Heck on 04/5/22

    As contract management is a multi-faceted process with numerous steps and moving parts, it is easy for your organization to face problems.  This risk of contract management issues is significantly increased if your organization leverages manual or antiquated contract management tools.  To elucidate the CLM hardships you face and encourage growth - here is a list of six problems you might encounter in contract management.  After that, we can note how to solve such issues with contract management software.

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    4 Important Contract Management Performance Metrics

    By Bradford Jones on 04/4/22

    When managing contracts, performance monitoring is one of the most important ways to measure success.  With a large variety of contracts, all with different terms, it can be difficult to know how you should assess contract management performance.  Luckily, you can boil down the success of each contract, no matter the complexity, to four key contract management performance metrics. Read on to discover how contract management software can help you optimize four key contract management performance metrics.

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    CobbleStone® Recognized as a High Performer in G2 Spring 2022 Reports

    By Joshua Hansen on 03/31/22

    We are pleased to announce that CobbleStone Contract Insight® Enterprise is recognized as a High Performer for Contract Lifecycle Management and Vendor Management in the G2 Spring 2022 Reports.  Such acknowledgment further establishes CobbleStone Software as a world-class contract management software provider.  Read on to learn more about CobbleStone Contract Insight Enterprise's robust features and high user satisfaction that support its standing as a High Performer in the G2 Spring 2022 Reports.

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    5 Key Stages in Awarding a Contract

    By Sean Heck on 03/29/22

    Awarding a contract is a complex, multi-faceted process.  There is room for error and missed opportunities without the right strategy.  This blog will delve into the five critical stages in awarding a contract and how to seamlessly navigate these stages with leading contract management software tools.

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    6 Ways Contract Creation Software Can Improve Your Contracting Process

    By Sean Heck on 03/28/22

    Contract creation is a multi-faceted process.  Without the proper procedures, your organization can suffer from increased risk, drawn-out contract lifecycle times, and missed opportunities - among other deleterious consequences.  Contract documents and data stored on spreadsheets, email servers, and shared drives alone can result in lost contract documents and versions.  Back-and-forth contract drafting via email can result in slow collaboration times and unclear document versions.  An inadequate clause management process can result in the wrong clauses being included in contracts and missed opportunities.  Wet contract signatures can result in long send-to-sign times and costly postage expenses.  What's more, risk can increase, resulting in lost revenue, data leakage, lawsuits, and more.  Fortunately, you can leverage contract management software to avoid sending your contract creation process into a tailspin.  To that end, here are six ways contract creation software can improve your contracting process.

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    CobbleStone Contract Insight® 17.11.0: Master New Tools to Enhance CLM

    By Sean Heck on 03/22/22

    CobbleStone Software's latest version – CobbleStone Contract Insight® Enterprise 17.11.0 – has come, introducing next-level CLM features and enhancements for you to master to bring your contract management software platform to the next level!

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    Is It Time to Hire a Full-Time Legal Reviewer or Paralegal?

    By Mark Nastasi on 03/21/22

    Over the last year, our clients - legal professionals - have expressed their seemingly increased workload for reviewing contract documents, negotiating agreements, and signing contracts.  Recently, I was asked: "When do you know it is time to hire a full-time legal professional for contract management and legal review?" Considering the innumerable times I've been asked this question, I resolved to write a thorough and thoughtful response as a blog that aligns with our audience of contract management software users and prospective CLM users as well.  Discover 5 steps to determine if you need to hire a full-time legal reviewer or paralegal.

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    Contract Tracking: Mastering Contract Management Series

    By Maria Votlucka on 03/9/22

    This blog post was updated on March 9th, 2022.  Its original publication date was February 4th, 2019.

    Contract tracking can be a significant challenge for legal teams, contract managers, and other industry professionals.  Manual contract management processes may suffice for organizations with low contract volume and contract complexity.  However, when the number of contracts increases to hundreds, thousands, and beyond, contract failure rates increase exponentially.  Read on to learn how to master contract tracking with leading contract management software.

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    What Is Vendor Management Software?

    By Sean Heck on 03/4/22

    Vendor management efficiency is critical for organizations to reap the highest ROI from vendor relations.  Unfortunately, many organizations still rely on vendor management methods that depend on costly pay-per-solicitations, unclear selection of the best possible vendors, tracking vendor insurance certificates manually, decentralized vendor management and contract management processes, and other deleterious procedures.  Luckily, you can automate these processes and more with vendor management software.  But what exactly is vendor management software?  Let's improve your processes with integrated vendor management and contract management software.

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    CobbleStone Software Blog Recap for February 2022

    By Sean Heck on 03/3/22

    Did you miss any of our blog posts from February?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in February by reading the latest CobbleStone® content.

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    CobbleStone® at Legalweek 2022: See AI-powered CLM Software in Action

    By Joshua Hansen on 03/1/22

    CobbleStone Software will be exhibiting its industry-leading and AI-backed CLM software, CobbleStone Contract Insight®, during the Legalweek conference from March 8th – 11th, 2022, at the New York Hilton Midtown in Manhattan – offering Legalweek attendees the opportunity to see AI-powered legal contract management software in action. 

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    5 Procurement Contract Management Best Practices to Blast Off in 2022

    By Sean Heck on 02/28/22

    Recent developments in procurement process digital transformation have made it more possible than ever to streamline procurement contract management processes and blast off into the sky to robust procurement and contract management software processes.  As such - if your organization is leveraging outdated procurement tools such as disparate spreadsheets, manual filing cabinets, a basic contract database, limited bid outreach, manually collecting bid responses via email, bottleneck-prone procurement contract management task management, disparate vendor management via emails, and others - you could suffer from failure to launch.  Luckily, you can leverage a one-stop-shop solution for the processes mentioned above and more.  To prepare for takeoff into positively transforming your strategy, here are five procurement contract management best practices to navigate 2022 and beyond with increased governance, procurement centralization, and ROI.

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    5 Ways Contract AI Can Automate Contract Lifecycle Management in 2022

    By Sean Heck on 02/17/22

    As we navigate 2022, it is clear that contract artificial intelligence - or contract AI - is sharpening contract management software practices and broader legal operations in significant ways.  How exactly can your organization leverage contract intelligence to automate and streamline contract lifecycle management?  Read on to learn five ways contract AI is positively transforming contract lifecycle management operations in 2022.

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    IntelliSign® eSignatures Streamline Remote Contract Collaboration

    By Sean Heck on 02/14/22

    As digitization continues to transform the workplace and working remotely is more commonplace, contract management professionals in a myriad of industries need the right digital tools to keep contract management, procurement, and sourcing operations running smoothly. Read on to learn how IntelliSign® electronic signatures within CobbleStone Contract Insight®  contract management software, can streamline your contract collaboration and signing processes in the office and on the go.

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    Contract Workflows - The Parts of Your Contract Software Symphony

    By Sean Heck on 02/11/22

    It's showtime, conductor.  You have just taken the metaphorical stage, grabbed your baton, and you are ready to conduct a contract management software symphony with a harmonious contract workflow process.  But how can you leverage contract workflow automation tools to make sure your CLM concerto is streamlined and simplified in a manner that is pleasing to the ear?  Read on to find out!

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    The Contract Management Suite - Your 5-Star CLM Software Experience

    By Sean Heck on 02/9/22

    After dealing with exhausting manual contract management software best practices, you are searching online for a pleasant, relaxing stay in a contract management suite.  There are many leading contract management software platforms out there, but only leading solutions offer the amenities you need to kick back and enjoy improved legal operations.  To virtually ensure you have the best possible CLM experience, here are the amenities you should look for in your contract management suite.

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    CobbleStone Software Blog Recap for January 2022

    By Joshua Hansen on 02/8/22

    Did you miss any of our blog posts from January?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management and procurement best practices in February by reading the latest CobbleStone® content.

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    The 2022 CobbleStone® “Roadshow” – Launch Into the Future of CLM!

    By Tyler Holzer on 02/4/22

    The CobbleStone "Roadshow"* is coming to a computer near you this year!  These masterclass and CobbleStone Contract Insight training events - Launch Into The Future Of Contract Management - are offered to help CobbleStone users optimize their contract management software and eProcurement procedures while offering non-CobbleStone users an immersive, preliminary venture into CobbleStone Contract Insight®.  Read on to discover what attendees can anticipate at The 2022 CobbleStone Contract Management "Roadshow."

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    Optimize Contract Creation Management in 3 Steps

    By Joshua Hansen on 02/3/22

    Contract creation management plays a vital role in the contract lifecycle, where contract contributors band together to form a cohesive contract.  However - inefficient contract creation management can stem from unorganized contract templates, obsolete contract language, and subcontracts divorced from original contract versions.  Read on to discover how leading contract management software can help streamline contract creation management in three steps.

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    New CobbleStone Contract Insight® Contract Management Software Wiki!

    By Adam Widmeier on 02/1/22

    The CobbleStone Contract Insight Wiki Has Moved!

    The CobbleStone Contract Insight Wiki has been drastically refreshed to provide a unique and conducive experience across contract management software system areas!  Here at CobbleStone, we are incredibly excited to introduce users to a contract management software Wiki to quickly address their contract lifecycle management software needs.  Whether you have been using CobbleStone® as your go-to contract software solution for days, weeks, months, or even years, there's a good chance that you are not familiar with every single detail the system has to offer.  Luckily, the new CobbleStone Contract Insight Wiki can allow you to follow along for a more streamlined and visually-engaging learning experience - complete with visual examples and walkthroughs.  Read on to learn how to navigate the new CobbleStone Contract Insight Documentation Wiki with ease!

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    Contract Management and Negotiation - A Delicious Recipe for Success

    By Sean Heck on 01/28/22

    As a contract management professional, you must be able to cook up a deliciously low-friction contract negotiations process.  However, without a centralized and organized system for contract negotiations, you can end up burning the meal for all contract lifecycle management stakeholders at the table.  But fear not: leading contract management software can be the secret ingredient to a savory, delectable contract negotiations process.  Read on to learn how.

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    How to Redline Contract Documents Better With Contract Software

    By Sean Heck on 01/21/22

    Redlining a contract document can prove to be an arduous facet of contract negotiations.  Collaborating with stakeholders to redline contract documents with outdated methods such as back and forth sharing of MS Word documents, sporadic emails, and disorganized shared drives can cause contract negotiation bottlenecks.  But there is a better way.  Start leveraging leading contract management software and enjoy online contract redlining for enhanced contract negotiations.

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    3 Contract Compliance Management Challenges Solved With CLM Software

    By Joshua Hansen on 01/19/22

    Contract compliance management can be challenging when leveraging primarily manual methods, such as spreadsheet management – especially when tracking multiple contracts with varying compliance standards.  Fortunately, contract lifecycle management (CLM) software tools can help remedy contract compliance management challenges.  Read on to discover how you can solve three contract compliance management challenges with leading contract management software.

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    5 Key Advantages of Online Contracts

    By Joshua Hansen on 01/18/22

    Managing contracts can be challenging for legal, procurement, and contract management professionals - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives.  Without leveraging the advantages of online contracts within a leading contract lifecycle management software platform, you can find yourself running into compliance issues and minimizing contract value – among other setbacks.  Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and strong online contract management processes.  Fortunately, leading contract management software can help streamline your online contract management process flow.  Read on to discover five key advantages of online contracts.

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    4 Different Phases of Contract Management & How to Tackle Them

    By Sean Heck on 01/14/22

    Contract management is a multi-faceted process.  Without oversight over each stage in the life of a contract, your organization can suffer from process bottlenecks, missed contract obligations and tasks, wasted time, lawsuits, decreased revenue, and missed opportunities - to name a few.  Fortunately, you can increase your ROI by better understanding approaching contract management.  Here are the four phases of contract management and how to tackle them with contract management software.

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    6 Reasons Why Contract Management Is Necessary

    By Sean Heck on 01/11/22

    Contract management is a process that has been embraced by contract professionals of numerous industries worldwide.  But why do organizations need contract management?  Read on to discover six reasons why contract management is necessary - and how you can positively transform contract management with user-friendly contract management software.

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    4 Contract Visibility Tools To Prevent Lost Contract Management Value

    By Sean Heck on 01/6/22

    Contract visibility during contract management can be hard to maintain.  Without the right tools for successful contract oversight, your organization can lose sight of contracts.  Up-to-date contract document versions can be scattered amongst outdated ones.  Contracts and contract data can be lost or misplaced if stored improperly.  Contracts can be difficult to access and yield meaningful insights from with tedious and error-prone searching methods.  Key dates and milestones can be missed - causing contract lifecycle bottlenecks, missed obligations, and compliance issues.  Luckily, it doesn't need to be this way.  Read on to discover four contract visibility tools with user-friendly contract management software.

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    Here’s How CobbleStone Software Helped Transform CLM in 2021

    By Sean Heck on 01/5/22

    CobbleStone Software is proud to share that we have helped transform contract lifecycle management processes in 2021 in numerous ways – and we have experienced record-breaking growth this past year.  From expanding our client base and partner network to bringing leading contract management software innovations and more, here are some noteworthy CobbleStone® achievements from 2021.

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    CobbleStone Software Blog Recap for December 2021

    By Joshua Hansen on 12/30/21

    Did you miss any of our blog posts from December?  Don’t worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management and procurement best practices in 2022 by reading the latest CobbleStone® content.

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    How To Improve Contract Management in 3 Simple Steps

    By Joshua Hansen on 12/28/21

    As contract management continuously evolves amidst constant digital transformation, you can find various ways to improve your processes.  Rather than fall behind with manual contract management processes that require disparate tools - such as email, spreadsheets, wet signatures, and postal mail – read on to see how you can improve your contract management processes with future-minded contract management software.

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    The Top 8 Items for Legal Digital Transformation in 2022

    By Mark Nastasi on 12/23/21

    CobbleStone Software’s Executive VP and Founder, Mark Nastasi, narrows down his top eight items of recommendation to help you lead your legal digital transformation in 2022.

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    Manage Contracts Remotely – Contract Management Best Practices Series

    By Joshua Hansen on 12/21/21

    Managing contracts from requests to renewals can prove difficult when relying on primarily local processes.  Without effective remote contract management tools, you can find yourself running into inefficient contract management processes that limit workplace flexibility and create contract workflow bottlenecks.  Read on to learn how leading contract management software can support remote contract management success.

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    Manage Contract Risk - Contract Management Best Practices Series

    By Sean Heck on 12/16/21

    Managing contract risk is crucial in ensuring the health of a contract.  Overlooking unchecked contract risk variables can have catastrophic consequences for not only contracts – but for your organization as a whole.  In order to avoid wasted time, wasted revenue, a damaged organizational reputation, lawsuits, and more – embrace contract risk management best practices.  Learn how with this blog from our Contract Management Best Practices Series.

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    Speedy eSignature Signing - Contract Management Best Practices Series

    By Joshua Hansen on 12/15/21

    Gathering required signatures for contracts can prove challenging, especially when working with multiple signatories in various locations.  Considering signatures finalize contracts and propel their post-award execution, this highly anticipated step can be delayed with manual wet signatures and disparate signing processes.  Contract management best practices require leveraging speedy eSignatures for CLM process-flow success.  Read on to learn how eSignatures offered by contract management software can make online contract signing quick and easy.

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    Maximize Contract Tracking - Contract Management Best Practices Series

    By Sean Heck on 12/10/21

    Contract tracking can be complicated for contract management professionals in various industries.  Manual contract tracking can cut it for a while – until contract complexity and contract volume grow.  Leveraging manual contract tracking methods proves problematic once your organization starts managing hundreds or thousands of contracts and – in time – contract failure rates increase.  Leave contract tracking methods involving manual paper and filing systems, disjointed spreadsheets, and decentralized emails in the past in favor of something better.  Learn how with this blog from our Contract Management Best Practices Series.

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    Expedite Contract Assembly - Contract Management Best Practices Series

    By Sean Heck on 12/9/21

    Contract assembly (or contract document assembly) is essential in contract lifecycle management.  Contract stakeholders and document assembly resources gather to assemble a cohesive and accurate contract document.  However, inefficient contract document assembly processes involving the lack of a central location for contracts, scattered contract clauses, outdated contract language, subcontracts disconnected from related contract documents, and no clarity regarding up-to-date contract document versions can leave your organization open to increased risk.  Contract risk can include contract non-compliance, revenue leakage, unfulfilled obligations, lawsuits, and missed opportunity.  Avoid contract risk and get the highest ROI from your contracts by discovering how to expedite contract document assembly with leading contract management software.  Read this entry from our Contract Management Best Practices Series.

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    Automate Contract Lifecycle: Contract Management Best Practices Series

    By Joshua Hansen on 12/7/21

    Managing the contract lifecycle with manual processes can create contract management bottlenecks that waste time and energy.  Fortunately, you can automate contract lifecycle management with contract management software tools that can streamline each stage of the contract lifecycle.  Read on to discover how you can leverage the next best practice within our series by automating contract lifecycle management.

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    Dashboard Contract Management - CLM Dashboards for Contract Analytics

    By Adam Widmeier on 12/3/21

    Contract management software can help organizations increase revenue, decrease bottlenecks, and enhance efficiency.  However, many contract management software platforms lack a means of viewing key data at a glance.  Read on to discover the benefits of dashboard contract management and how leading contract lifecycle management software that offers various dashboard options can drastically improve contract analytics.

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    CobbleStone Software Blog Recap for November 2021

    By Sean Heck on 12/1/21

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

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    Secure Contract Repository - Contract Management Best Practices Series

    By Joshua Hansen on 11/30/21

    The first best practice in our Contract Management Best Practices series requires leveraging a centralized and secure contract repository.  Relying on manual and disparate systems - such as shared drives, emails, and spreadsheets – can cause you to fall into contract mismanagement pitfalls.  Discover how contract management software can empower you to leverage a centralized and secure electronic contract repository.

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    6 Mistakes in Contract Management To Avoid

    By Sean Heck on 11/17/21

    Contract management professionals of all types are in the age of digital transformation.  Organizations need to correctly leverage contract management tools to adapt successfully.  As with any practice, mistakes in contract management are quite possible.  Contract management teams leveraging obsolete, manual methods are even more likely to commit CLM errors – resulting in contract lifecycle bottlenecks, missed key dates and milestones, and lost revenue.  Mistakes in contract management must be avoided.  Read this blog to discover six common mistakes in contract management – and how they can be evaded with the help of contract management software.

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    5 Key Advantages of SaaS Contract Management Software

    By Joshua Hansen on 11/16/21

    Managing contracts can be challenging for legal, procurement, and contract management professionals - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives. Without accountability, visibility, a clearly defined process, and actionable insights within a SaaS contract management software suite, you can find yourself running into compliance issues, minimizing contract value – among other setbacks.  Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategyand comprehensive SaaS contract management processes.  Fortunately, robust SaaS contract management software can help streamline your contract lifecycle management processes. Read on to discover five key advantages of SaaS contract management software.

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    Streamlined Contract Data Extraction With CobbleStone®

    By Joshua Hansen on 11/12/21

    Do you have many contracts to extract data from and organize within a centralized, web-enabled contract management software suite?  Extracting contract data - especially from hundreds or thousands of legacy contracts - can seem overwhelming, however, it doesn’t have to be.  Read on to learn how CobbleStone can help streamline your contract data extraction process in three easy steps.

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    5 Contract Management Challenges and Practical Solutions

    By Sean Heck on 11/9/21

    Professionals engaging in the contract management process can find themselves facing a myriad of challenges.  Many of these challenges are born from a decentralized strategy and a lack of automated contract lifecycle management tools.  Read this blog to discover five common contract management challenges and five leading solutions to those problems.

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    4 Legal Ops Tools for General Counsel, Corporate Counsel, & Paralegals

    By Joshua Hansen on 11/5/21

    As a legal professional, you hold a tremendous responsibility within your organization – especially with managing internal stakeholders and maintaining efficient processes with external stakeholders.  Relying on disparate and manual contract management processes such as spreadsheets, emails, and shared storage drives can create an inefficient contract management process that can waste time, decrease revenue, and increase risk.  Read on to learn how paralegals, general counsel, and corporate counsel can leverage four essential legal ops contract management software tools for success.

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    CobbleStone Contract Insight® 17.10.0: Empower Legal Ops for a New Era

    By Sean Heck on 11/3/21

    CobbleStone Software's next software generation – CobbleStone Contract Insight® Enterprise Version 17.10.0 – has arrived, introducing next-level CLM features and enhancements to bring your contract management software suite even further into the new era of legal operations!

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    CobbleStone Software Blog Recap for October 2021

    By Sean Heck on 11/1/21

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

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    3 Document Assembly System Tools to Enhance Legal Operations

    By Joshua Hansen on 10/26/21

    Document assembly plays a vital role in the contract lifecycle, where document contributors band together to form a cohesive contract document.  However - inefficient legal document assembly can stem from unorganized contract templates, obsolete contract language, and subcontracts divorced from related original contract documents.  Read on to discover three essential contract management software document assembly tools for enhanced legal operations and contract lifecycle management success.

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    5 Benefits of an Automated Contract Life Cycle Process

    By Sean Heck on 10/20/21

    The contract lifecycle is a great way to categorize the steps of contract administration, from requests to renewals.  But how can you embrace legal operations digital transformation to automate the contract life cycle process?  Read this blog to find out.

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    Our Free Contract Tracker & How It Can Help Your Contract Process

    By Joshua Hansen on 10/19/21

    Keeping track of contracts can prove challenging, especially without a centralized system.  While contract management software provides a robust solution for contract lifecycle management, a basic contract tracking spreadsheet can help you retain some oversight.  Read on to learn how you can leverage CobbleStone Software’s free contract tracker to help streamline your contract process.

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    Contract Redlining in the Age of Legal Ops Digital Transformation

    By Joshua Hansen on 10/18/21

    Contract redlining can prove to be a tedious process during negotiations. Coordinating with stakeholders during the contract redlining process using siloed processes such as MS Word documents with tracked changes, email communications, and shared drives can further delay contract negotiations.  Read on to learn how you can leverage future-minded contract redlining tools that centralize people, processes, and technology in a robust contract management software suite to help automate legal operations for contract lifecycle management success.

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    Contract Clauses: Mastering Contract Management Series

    By Maria Votlucka on 10/14/21

    Clause management can be challenging for contract, procurement, and legal professionals.  Manual contract administration tools such as spreadsheets, emails, and disconnected software tools prove to be less than effective or efficient ways to generate optimal contract documents and clauses - and rarely lead to fast approvals.  Contract clauses can support standards and reduce contract risk and, when used to their potential, can positively impact your contract management process.  Learn how to master contract clauses in this blog.

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    The Importance of Contract Management Software Training

    By Tyler Holzer on 10/13/21

    If you are a new CobbleStone Contract Insight® user, we understand that learning the contract management software system can be intimidating at the outset.  You may be asking yourself, "How will I learn the system?"  "How will I remember everything?"  "Do I need to do all of this myself?"  Well, rest assured, CobbleStone® offers a myriad of training resources to ease concerns you may have!  CobbleStone can provide training resources to fit your needs - whether you are a brand-new client, a new user of the system, or simply want to brush up on a few features.

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    Tackling Your Contract Checklist for Better Legal Operations

    By Sean Heck on 10/12/21

    There are many moving parts involved with a contract, and it can be easy for your organization and counterparties to get mixed up at some point in the process.  This is why a contract checklist is an essential part of the commencement of a contract.  Your organization can utilize a contract checklist as a contract roadmap.  Read this blog for an overview of a contract checklist – as well as what solutions your organization can leverage to navigate that contract checklist successfully.

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    CLM Meaning - A Beginner’s Guide To Contract Lifecycle Management

    By Joshua Hansen on 10/6/21

    You may have seen or heard the term CLM tossed around in conversations and online.  However, perhaps you do not have a comprehensive understanding of what it truly means.  Contract management professionals, including general counsel and paralegals, should gain at least some conversance with CLM and how digital contract management software tools can be leveraged for success in contract lifecycle management.  Read on to discover an introductory overview of CLM.

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    CobbleStone Software Blog Recap for September 2021

    By Joshua Hansen on 09/30/21

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

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    8 Key Contract Management Functions to Automate With CLM Software

    By Joshua Hansen on 09/29/21

    Managing contract functions can prove challenging when primarily relying on spreadsheets, shared drives, and other siloed platforms.  Without efficient contract functions, organizations can find themselves in a quagmire of inefficiency. Contract management functions require careful planning, the right technology, and a well-thought-out contract strategy.  Discover how you can automate eight key contract management functions with contract management software.

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    Supercharge Your Clause Library for Advanced Legal Operations

    By Sean Heck on 09/27/21

    Clause libraries have proven incredibly useful for advanced legal operations and contract lifecycle management – if appropriately implemented.  Unfortunately, your organization can mismanage your clause library with antiquated technology, manual clause tracking and clause storage, and the lack of an expeditious way to leverage clauses during contract authoring and contract negotiation.  Luckily, you can supercharge your clause library with user-friendly and robust contract management software.  Here's how.

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    The Responsibilities of a Contract Management Team

    By Sean Heck on 09/22/21

    Contract management teams hold a lot of responsibilities throughout the life of a contract.  Streamlined and organized contract collaboration is key to CLM success.  Without a clear-cut understanding of how the contract process should occur, contract management teams can encounter unnecessary contract risk, contract lifecycle bottlenecks, and decreased revenue.  As such, we have outlined the responsibilities of a contract management team and how these responsibilities can be centralized and organized with leading contract management software.

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    Contract Compliance Oversight With Contract Management Software

    By Joshua Hansen on 09/21/21

    Tracking and retaining contract compliance can be challenging when leveraging primarily manual methods, such as spreadsheet management – especially when tracking multiple contracts with varying compliance standards.  Fortunately, contract lifecycle management (CLM) software tools can empower you to achieve contract compliance success.  Read on to discover how you can optimize contract compliance oversight with leading contract management software.

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    What Is Contract Review?

    By Sean Heck on 09/20/21

    Contract review is one of the most critical stages in the life of a contract.  Unfortunately, many organizations are using obsolete contract management methods.  Manual and entirely paper-based contract review methods can lead to missed key dates and deadlines, missed opportunities, costly and damaging contract language oversights, and other harmful consequences and contract lifecycle bottlenecks for your organization.  Luckily, this blog post will examine the contract review process – as well as how one can improve contract review with AI-based contract management software.

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    What Does a Contract Manager Do in Construction?

    By Joshua Hansen on 09/16/21

    A contract manager in construction is tasked with managing various construction contracts from requests through renewals – which can include sourcing and coordinating with construction vendors for project-based or long-term services.  Without a streamlined and organized process, construction contract managers can find themselves overwhelmed.  Read on to learn how construction contract management software can centralize people, processes, and technology.

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    Self-Serve Data Migration Services With Contract Management Software

    By Sean Heck on 09/13/21

    Traditional contract data migration services can afford your organization tremendous headaches – to put it lightly.  Hidden expenses regarding aftermarket technology and labor costs, evolving storage requirements, questionable data security, poor data recovery measures, and low scalability involved with locally stored and manually implemented data migration can be detrimental.  Leave the tedium, risk, high costs, and wasted resources in the past in favor of web-enabled, self-serve data migration and export with contract management software.

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    Efficient Contract Data Extraction With Contract Intelligence

    By Sean Heck on 09/9/21

    Does your organization have a high volume of contracts of ranging complexity?  Do you need these contracts searched, have important contract data extracted, and be stored within an easily accessible contract data repository?  Don't leave your team overwhelmed with manual contract data extraction and legal discovery processes.  Instead, leverage intelligent contract data extraction with the help of powerful contract intelligence within a leading-edge contract management software system.

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    CobbleStone Software Blog Recap for August 2021

    By Joshua Hansen on 09/8/21

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

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    3 IT Contract Management Best Practices To Streamline Your Process

    By Sean Heck on 09/7/21

    If you work within the IT industry, you may find that the management and oversight of a high volume of IT contracts of ranging complexity can require many moving parts.  If your organization is taking on IT contract management with manual contract management methods - such as those involving many filing cabinets, decentralized spreadsheets, and scattered emails - your team runs the risk of facing wasted time, squandered revenue, costly mistakes, and missed opportunities (among other harmful consequences).  Leave obsolete and damaging IT contract management methods in the past; tackle the following three IT contract management best practices with centralized and user-friendly contract management software.

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    Track HITRUST and More With Leading Vendor Management Software

    By Sean Heck on 09/2/21

    Managing third-party compliance standards - including HITRUST - can be challenging without a robust and centralized compliance management system in place.  Outdated and disorganized compliance management methods can result in leaked data, breaches of contract with detrimental legal consequences, and excessive amounts of lost revenue - among other things.  Luckily, integrated vendor management and contract management software can help you easily track HITRUST and other compliance standards in an efficient, organized, and secure manner.  Here's how.

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    6 Healthcare Contract Management Tools for Stronger Contracts

    By Joshua Hansen on 09/1/21

    Healthcare contract management relying on manual processes can reduce efficiency for healthcare contract stakeholders, decrease revenue, and increase liability – among other things.  Contract lifecycle management bottlenecks can decrease the efficiency of resources, compromise contract security, and disorganize crucial data.  Read on to learn how to leverage six healthcare contract management software tools for stronger contracts.

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    How To Optimize Your Management of Vendor Contracts

    By Joshua Hansen on 08/25/21

    Managing vendor contracts with manual and disparate processes can prove challenging.  Without a centralized electronic process, vendor contract management workflow bottlenecks can undermine productivity.  Fortunately, leading-edge contract management software can enhance your vendor management processes by expediting end-to-end vendor management workflow with optimal oversight.  Read on to learn how to optimize your vendor contract management processes.

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    The Benefits of a Secure Contract Repository

    By Sean Heck on 08/23/21

    Successful contract management requires you to embrace a centralized and secure process.  Manual contract management methods - such as filing cabinets for paper documentation, spreadsheets, emails, and disorganized digital storage – won’t cut it.  These methods make it nearly impossible for your organization to maintain version control, keep contracts and data secure, stay on top of key dates and milestones, and enforce contract archiving and retention rules.  Your organization can scrap these outdated methods in favor of something better.  As such, here are the benefits of a secure contract repository within leading contract management software.

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    What Is Contract Management in Procurement?

    By Joshua Hansen on 08/19/21

    Procurement departments can encounter procurement workflow inefficiencies without the proper procure-to-pay tools – especially when implementing inefficient and disjointed contract management processes.  You can avoid risk, unreasonable vendor pricing, and vendor non-compliance by leveraging contract management processes in procurement that centralize processes, technology, and people.  Read on to discover how you can implement effective contract management software in procurement.

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    Establishing a More Robust Risk Response Plan

    By Sean Heck on 08/17/21

    Successful contract management can dramatically increase revenue and organizational growth (among other things)…but unchecked contract risk can be disastrous.  Inadequate contract risk prevention measures can cost your organization money and time and result in costly and damaging instances of contract mismanagement - including negligent clause language and less than legitimate business associations.  To avoid these deleterious situations and more, your organization must forge and implement an ironclad risk response plan and stick to it.  You can get started with your powerful risk response plan with the aid of trusted contract management software.

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    How Can Your Contract Management Process Be Improved?

    By Sean Heck on 08/16/21

    A healthy contract management process should constantly be adapting to technological advancements.  As contract volume and contract complexity begin to grow, organizations must embrace digital transformation to be furnished with the right tools to streamline the contract management process.  Such innovative CLM tools can be found within a trusted contract management software system. Read on to learn more.

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    Preparing for a New Contract Lifecycle Management Software Solution

    By Nash DeVita on 08/12/21

    Introducing a new contract management software solution can be a painless process or a long and difficult one.  Taking steps to prepare for the CLM implementation helps ensure the process is efficient rather than arduous and helps guarantee success.  The following steps can help lead to successful implementation:

    • Determine contract administrators for the project.
    • Assess and track contract data.
    • Consider contract processes and configure procedures.
    • Increase security with contract management permissions.
    • Define necessary contract management reports.
    • Collect and clean contract management data.

    Read on to discover how to leverage the above-mentioned steps to successfully implement your contract lifecycle management software.

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    What Are the Objectives of Contract Management?

    By Jake Luckangelo on 08/11/21

    Organizations in both the public and private sectors are experiencing an ever-increasing need to more efficiently manage their contracts as contract volume and contract complexity grow.  Each stage in the life of a contract becomes ever more critical as organizations embrace digital transformation to more effectively manage legal operations.  Before they can even begin to improve contract lifecycle management, organizations need to have a clear understanding of contract management objectives.  In this article, we provide a straightforward examination of the objectives of contract management - as well as how organizations can meet these objectives with user-friendly contract management software.

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    How To Navigate the CobbleStone Contract Insight® Documentation Wiki

    By Adam Widmeier on 08/5/21

    Not every CobbleStone Software user is a master of contract management right away - and that's OK!  Whether you have been using CobbleStone® as your go-to contract management software solution for days, months, or even years, there’s a good chance that you don’t know every last detail the system has to offer.  In a contract lifecycle management system that offers so many robust and user-friendly CLM tools, trying to learn new processes from scratch can become overwhelming.  With the CobbleStone Contract Insight® Documentation Wiki, we try to capture every part of each process, allowing users to follow along for a seamless learning experience.  Read on to learn how to navigate the CobbleStone Contract Insight Documentation Wiki with ease!

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    CobbleStone Software Blog Recap for July 2021

    By Joshua Hansen on 08/3/21

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

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    Online Contract Signing Made Easy With Contract Management Software

    By Joshua Hansen on 08/2/21

    Gathering required signatures for contracts can be a challenging task, especially when working with multiple signatories in various locations.  Considering that signatures finalize contracts and propel their execution, this highly anticipated step can be delayed with manual wet signatures that can waste time and paper-based resources - including postage and office supplies.  Moreover, specific signatures can require notarization, which can further delay the signing process.  Read on to learn how contract management software can make online contract signing quick and easy.

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    Online Document Editing Is a Breeze With CobbleStone Software

    By Sean Heck on 07/29/21

    Simply put, document editing and document collaboration can be a nightmare - especially as they apply to contract management.  Manual and outdated document editing methods often require lots of moving parts - including various emailed communications about numerous document edits, frantic scrambling for relevant clauses, and convoluted procedures for document version tracking.  These processes can easily lead to lost document edits, erroneous clause language, and scattered and misplaced versions.  As a result, your organization could unfortunately experience missed contract tasks, delayed contract authoring and contract negotiations, and deleteriously incorrect contract clause language - which could jeopardize your organization's legal standing, reputation, and financial standing.  Leave these damaging and antiquated document editing methods in the past in favor of user-friendly online document editing with CobbleStone Software.

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    Contract Management Software for Media and Entertainment

    By Joshua Hansen on 07/28/21

    Managing various types of media and entertainment contracts from varying locations with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as emails, wet signatures, shared network drives, and cloud-based spreadsheets.  Dealing with and tracking a high volume of contracts – from intellectual property contracts to talent agreements, among many others - can be tremendously challenging without a leading contract management software that centralizes your contract lifecycle management processes.  Read on to learn how a centralized CLM software suite can help you achieve pre-award to post-award entertainment and media contract management success.

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    Why the Future of Legal Operations Depends on Digital Transformation

    By Sean Heck on 07/27/21

    As legal operations processes and legal technology standards evolve, it is important that organizations adapt accordingly.  As contract complexity and contract volume grow, the fact that manual and outdated methods of contract management will no longer suffice is quickly elucidated.  As such, organizations working with contracts must embrace digital transformation to increase revenue, decrease contract lifecycle management bottlenecks, and succeed in this ever-changing technological landscape.  Read on to learn about the nature of digital transformation - and how digital transformation with contract management software can help organizations to seamlessly navigate the future of legal operations.

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    Contract Obligations Oversight With Contract Management Software

    By Sean Heck on 07/26/21

    Contract obligations are – to put it simply – the contractual commitments that parties involved in a contract have agreed to entirely satisfy.  Successful contract obligation management requires organizations to ensure that they have met the obligations agreed upon in a contract in a timely manner.  Unfortunately, manual contract management methods can make the contract lifecycle – which includes contract obligations – confusing, disorganized, decentralized, and almost impossible to handle properly.  As such, key dates, milestones, payments, deliverables, and more can be missed.  Thus, organizations should avoid the pitfalls of contract management by ditching manual and outdated contract administration processes in favor of robust, user-friendly contract management software.

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    The 2021 CobbleStone® “Roadshow” – Coming to a Computer Near You

    By Joshua Hansen on 07/23/21

    The 2021 CobbleStone “Roadshow”* will be coming to a computer near you this August through December.  This year’s free seminars and group training events in The “Road” To Contract Management & Procurement Success are structured to help CobbleStone users maximize their contract management software and eProcurement processes while offering non-CobbleStone users an immersive, introductory experience of CobbleStone Contract Insight®.  Read on to discover what attendees can expect at The 2021 CobbleStone “Roadshow.”

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    What Is Contract Administration?

    By Sean Heck on 07/16/21

    Contract administration can bring forth a host of challenges.  Between establishing a contract administration plan, following through with that plan within a set timeline, tracking contract financials, overseeing the contract lifecycle, and planning for risk variables, contract administrators have a lot on their plate - and a lot of room for deleterious errors, contract risks, and bottlenecks.  Fortunately, contract management software can help.  Here's how.

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    How Contract Management Reports Can Improve Your CLM Process

    By Sean Heck on 07/14/21

    Throughout the contract lifecycle, organizations need to keep track of an abundance of data, people, and processes related to contracts.  Searching and reporting on contract lifecycle management, financial data, budget information, contract workflow processes, contract management KPIs, departments, vendors, bids, compliance, and more with a manual process is virtually impossible - especially as contract complexity and contract volume grow.  Luckily, organizations can leverage contract management reports by using contract management software to make these processes a breeze.  Here's how contract management reports can improve CLM processes.

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    How To Use a Contract Management Risk and Opportunity Assessment Tool

    By Sean Heck on 07/9/21

    Managing and overseeing contract risk factors can be difficult, stressful, and time-consuming.  Manual contract risk assessment can cost organizations money and time and lead to costly and potentially disastrous instances of contract mismanagement.  Organizations do their best to diligently track contract risk factors, including potentially negligent clause language.  However, contract risk management can prove overwhelming when dealing with multiple deadlines and stakeholders.  But all is not lost; there is a solution: contract management software.  Read on to learn how to use a contract management risk and opportunity assessment tool to decrease risk and increase your bottom line.

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    How To Overcome Procurement Challenges With eProcurement Software

    By Sean Heck on 07/8/21

    Procurement departments can encounter detrimental issues without the proper procure to pay software solutions.  Improper procurement planning can bring about unnecessary risk, dark purchasing, deleterious data inaccuracies, harmful supplier issues, and a procurement cycle that is rife with bottlenecks.  Procurement teams should not have to be bogged down by wasted time, missed opportunities, and misallocated procurement resources due to disorganized and lackluster procurement planning and execution.  They can instead streamline and simplify the procurement process with procurement software as a service integrated with contract management software.  Here's how to overcome procurement challenges by reaping the benefits of leading procurement software.

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    CobbleStone Software Blog Recap for June 2021

    By Joshua Hansen on 07/7/21

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

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    CobbleStone Software Employee Excellence Awards - Recipient Showcase

    By Joshua Hansen on 07/1/21

    CobbleStone Software employees work diligently to offer clients industry-leading contract management software, vendor management, eProcurement, and eSourcing solutions with unparalleled service.  Considering our employees directly affect our clients' experience with our software as a service, we continue to find new methods in rewarding outstanding team members who make a conscientious effort in furthering CobbleStone Software as a leading CLM software solution, according to Forrester Research, Inc.  Award recipients receive company-wide recognition, personalized plaques, gift cards, additional paid time off, and extended lunchtime.  Read the following interviews with each CobbleStone Software Employee Excellence Award recipient to understand what sets them apart as an exceptional asset to our corporate success.

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    Automate Contracts To Streamline Contract Lifecycle Management

    By Sean Heck on 06/25/21

    As your business grows, so do your responsibilities - especially as they pertain to contracts.  Contract volume and contract complexity grow along with your organization.  As such, it can be easy to fall into the deleterious pitfalls of contract mismanagement.  Your organization will inevitably reach a point at which manual contract management methods - such as those involving disparate emails, spreadsheets, shared drives, and manual wet signatures - no longer cut it.  But change is a good thing, and you can get ahead of the damaging consequences of contract mismanagement due to a manual process.  How? It's simple: automate contracts with contract management software.  Read on to learn how to easily get started with streamlined contract lifecycle management!

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    The CobbleStone Software Mobile App – A Key CLM Differentiator

    By Joshua Hansen on 06/24/21

    Managing contracts can prove challenging - especially when working on the go, remotely, or from home.  Without a mobile-friendly contract management software solution that can seamlessly adapt to your work agility, you can incur unwarranted contract workflow inefficiencies.  When dealing with an influx of contract management processes - in both the pre-award and post-award contract stages - the lack of CLM software mobile integration can slow contract processes.  Read on to learn how the CobbleStone Software mobile app can offer you the flexibility and robust contract lifecycle management oversight you need for end-to-end CLM efficiency.

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    HRM Software Tools To Simplify Human Resource Management Right Now!

    By Elicia Neumann on 06/23/21

    HR management professionals have a lot of different responsibilities to keep organizations functioning properly - including job postings, staffing, organization and proper use of the workforce, maintenance of the workforce, tracking and measurement of workplace performance, oversight and implementation of reward systems for employees, professional development, and more.  With all of these responsibilities and more piling on, human resource management professionals can fall behind with disorganized tracking methods, lost materials, missed key dates, and more.  Luckily, integrated HRM software and contract management software can help.

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    What Is Education Contract Management?

    By Sean Heck on 06/18/21

    Colleges, universities, and school systems can encounter unique contract management challenges.  Academic institutions manage a large volume of contracts, vendor contracts, suppliers, and providers of goods and services - virtually on a daily basis.  A disorganized, risk-prone, and slow-moving education contract management system can cause confusion among departments and, unfortunately, widen the gaps between legal, procurement, and contract administrators within academic systems.  In order to avoid these issues, we need to first address the question: What exactly is education contract management - and how can it be improved with contract management software?

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    CobbleStone® Corporate Social Responsibility – Homeless Outreach

    By Joshua Hansen on 06/16/21

    Since CobbleStone Software’s founding over 20 years ago, we have sought to make a meaningful impact on the world – not only as a leading contract management software, eProcurement, eSourcing, and vendor management software provider but also as a socially conscious organization that gives abundantly to our global and local community.  Read on to learn how our corporate social responsibility (CSR) partnership with The Unforgotten Haven will help feed our local homeless community.

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    6 Critical Contract Management Tools for 2021

    By Sean Heck on 06/14/21

    2021 has arrived, and with it comes new innovations to your contract management software processes.  Keeping this in mind, we have outlined six critical contract management tools that your organization should equip itself with to stay ahead of future-minded contract management best practices in 2021 and beyond.

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    We Give an Illustration That Shows the Stages in the Life of a Contract

    By Sean Heck on 06/11/21

    In order to get started with improving contract lifecycle management, there first needs to be an understanding of what exactly the contract lifecycle is - as well as how it progresses.  To that end, we have provided an illustration that shows the stages in the life of a contract - as well as descriptions that give more insight into how each stage involves and can be managed with contract management software!

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    CobbleStone Software Blog Recap for May 2021

    By Joshua Hansen on 06/9/21

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

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    Government Contract Management Software Success From Start To Finish

    By Joshua Hansen on 06/7/21

    Managing government contracts with disparate processes such as shared drives, email, disorganized documents, and disorderly spreadsheets can prove challenging and leave your organization vulnerable to undue risk.  Public contract managers implementing such disparate contract management methods can transform their processes and maximize their budget by fiscal year-end by investing in a robust contract management software system that can seamlessly evolve with their organizations’ needs.  City, state, and federal contract management professionals can streamline their processes with the help of an end-to-end government contract management software suite that centralizes government contract administration services from requests to renewals.  Read on to learn how leveraging a centralized government contract management system with integrated eSourcing and eProcurement features can empower government contract management professionals to successfully administrate the many moving parts of their contracting processes.

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    CobbleStone Contract Insight® WorkGroup Edition - Tools You Need Fast

    By Sean Heck on 06/4/21

    Are you looking to get started with a contract management software solution, but are not necessarily sure where to start?  Maybe your organization has yet to come to a consensus on which full-bodied contract lifecycle management software features are needed for your unique process.  Do you want a web-based contract software solution but prefer to host the data on your organization's server?  Luckily, your team does not need to immerse itself in a full, enterprise contract lifecycle management software system right off the bat.  Rather, you can start with basic contract management and contract tracking tools without being overwhelmed, and subsequently add the features and functionalities that your organization needs at the time that is best for your organization.  To that end, your team can get started with CobbleStone Contract Insight® WorkGroup Edition to maximize the features you need today!

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    Contract Approval Process: Mastering Contract Management Series

    By Maria Votlucka on 05/25/21

    The contract approval process can prove challenging for many contract management and contract administration professionals.  Without the proper contract lifecycle management tools in place, bottlenecks and human error can lead to longer contract lifecycle times. Delayed contract approvals may fail to meet business rules, business processes, and business and regulatory compliance standards - potentially leading to missed opportunities for time-sensitive pricing options and special terms.  The challenges and problems of inefficient contract administration are apparent, but what are the root causes of the issues with contract approvals?