Contract managers face the challenge of overseeing the contract lifecycle from request to renewal, while struggling to show stakeholders the significance of an often complicated and undervalued process. The goals of reducing risk, increasing productivity, and improving visibility are at the core of effective contract management strategies. However, all too often, the tendency for failure remains high.
CobbleStone Software’s contract management software, Contract Insight™, allows users to complete the source-to-signature process in one simple, configurable system. The final stage in this process, signing the contract, can be streamlined with the use of e-signatures. Contract Insight’s seamless e-signature integration tracks each step in the process. Users can be notified when a contract is ready for signing through automated workflows and real-time status updates.
Looking to increase your knowledge of industry best practices and learn how to overcome contract management challenges? Or better yet, hoping to find the best contract management software for your organization? These 8 contract management conferences will allow you and your colleagues to meet other professionals in your field, collaborate on overcoming process challenges and bottlenecks, and meet with contract management and procurement software thought-leaders to learn about the smart tools and technology that are rapidly changing the way organizations do business and manage contracts.
Contract Management Software can benefit any organization that needs to manage contracts or agreements, but one of the most common objections is the cost. Understandably, budgets are a considerable factor in all business decisions, but low-cost contract management comes at a higher price.
Manually importing and analyzing contracts can be time-consuming, frustrating, and often results in lost documents or other mistakes. Having an expert handle data extraction for your organization can provide better results and a seamlessly organized contract repository. Artificial Intelligence (AI) can detect and prevent predicaments that cause your organization to be at risk. Learn from this real-world case study how a CobbleStone Software client utilized contract data extraction services and text mining smart tools, transforming their contract management process to be supported with data-driven strategy.
The terms "contract management" and "contract lifecycle management" may seem synonymous however, there are clear lines that can make or break the positive impact and value that contracts create. Organizations looking for opportunities to improve processes, profitability, compliance, and security must develop an understanding of the difference between contract management and contract lifecycle management so when the time is right, they can adeptly leverage contracts to achieve organizational goals and reach new heights.