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 Manual and outdated document editing methods often require lots of moving parts - including various emailed communications about numerous document edits, frantic scrambling for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.
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.
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 As contract complexity and contract volume grow, the fact that manual and outdated methods of contract management will no longer suffice is quickly elucidated.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.
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.
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.”
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.
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.
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.
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.
Contract authoring is one of the most important stages in the life of a contract. An inefficient contract authoring process often relies on decentralized clauses, lackluster compliance management and version tracking, inadequate line item management, and a lack of unification of contracts and subcontracts. These contract management pitfalls can hinder organizations and result in error-prone contracts with missing or misplaced clauses, overlooked key dates and milestones, and a disorganized process that stalls the contract lifecycle. Luckily, leading contract management software can provide intelligent contract authoring. Read on to learn how to simplify and modernize the contract authoring process.
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.