Contract Insights

Attaining more value from contracts is an important goal for leading public and private organizations across all industries.  To support contract management ROI in 2020 and beyond, contract management professionals must start with a baseline of contract administration, procurement, and sourcing data through contract management benchmarking.

Manually keying in new vendor profiles can be a thing of the past with Contact Insight's latest update.  Self-serve vendor registration is now available out of the box with easy company profile creation for vendors, clients, partners, counterparties, outside counsel, and more!

Creating value in an ever-expanding industry-agnostic competitive landscape requires that organizations improve performance, reduce spending, and make data-driven decisions.   With the preponderance of spending locked into contracts, leading organizations must find a way to harness their complexity to create value and the following four strategies can help.

Many different types of organizations can enhance their respective source-to-contract needs with user-friendly and flexible contract management solutions.  To that end, we’ve examined five key organizational roles and explore their contract management challenges and how they can empower themselves with leading contract management software.

Are you aware that the GDPR (General Data Protection Regulation) was enacted by the European Union to help protect consumer information?  Yes, the GDPR is a good step forward in safeguarding the data of individuals.  In the United States, there have been comparable attempts by both the federal government and states to protect data of consumers including (but not limited to) healthcare privacy data protection (such as HIPAA), the Children’s Online Privacy Protection Act, Family Education Rights and Privacy Act (FERPA) and various similar state-enacted consumer protection laws (to name a few). 

The federal and state governments are indeed taking noteworthy steps in the interest of protecting consumer data.  However, California has notably stepped up the game with the California Consumer Privacy Act.  The California Consumer Privacy Act (CCPA for short) creates new consumer rights related to the access, management, and deletion of personal data that is collected by a business. 

CobbleStone’s latest release, Contract Insight^® Enterprise Version 17.4.0, has arrived with many new features to enhance and improve your contract management system and procurement platform!  New features like CobbleStone’s enhanced user dashboard management, menu tools, field management options, bid scoring functionality, easy-to-understand vendor management features, streamlined purchasing with a new shopping cart experience and punchouts, Google Maps integration, and more will help you and your team become more organized and equipped with tools to excel.  Discover what’s new with Contract Insight and get started today with better usability and governance over your CLM system.

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 best practices by reading CobbleStone’s latest content. 

2020 is quickly approaching and, with it, new advancements in contract management options.  To that end, 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.