Contract Tracking: Mastering Contract Management Series

By Maria Votlucka on 05/13/21

This blog post was updated on May 13th, 2021. Its original publication date was February 4th, 2019.

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

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3 Contract Risk Management Tools To Protect Your Organization

By Joshua Hansen on 05/12/21

Reviewing contract risk can be time-consuming, challenging, and stressful.  Manually assessing risk factors can cost an organization extra time and money while increasing the risk of inadvertent human oversights.  While you can do your best to carefully track risk factors, including negligent clause language, it can prove challenging when dealing with multiple stakeholders and pressing deadlines.  Read on to learn how three contract risk management tools proffered by contract management software can help protect your organization from the risks of poor contract management and, in some cases, your job.

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The 8 Stages of the Contract Lifecycle

By Jamie Reedy on 05/10/21

Contracts are legally binding - and thus need to be executed properly.  As such, organizations should be 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 - 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 said requests are fulfilled - with the possibility of contract renewal.  Learn about the eight stages of the contract lifecycle below.

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Help at Your Fingertips With the CobbleStone Contract Insight® Wiki

By Adam Widmeier on 05/7/21

CobbleStone Contract Insight® users can leverage the CobbleStone Contract Insight wiki/user manual to promote the best possible utilization of their system.  Whether you are a CobbleStone user or a potential user, you can read this article - written by CobbleStone Software Documentation & Training Specialist Adam Widmeier - to learn how to maximize the many contract management software features available with CobbleStone Contract Insight.

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Procure To Pay Software - How To Select the Right Solution

By Sean Heck on 05/5/21

Procurement departments can run into serious issues without the proper procure-to-pay tools.  Lackluster procurement strategies can bring unnecessary risk, dark purchasing, detrimental data inaccuracies, harmful supplier issues, and a more drawn-out procure to pay cycle.  Procurement teams no longer need to be bogged down by wasted time, overlooked opportunities, and poorly allocated resources due to decentralized and ineffective procurement planning and execution.  Rather, they can maximize a future-minded procure to pay process flow with procure to pay software.  Here's how procurement professionals can select the right solution for their needs.

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CobbleStone Software Blog Recap for April 2021

By Joshua Hansen on 05/4/21

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 and procurement best practices by reading CobbleStone’s latest content.

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