Contract Insights

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.

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.

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.

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.

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!

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.

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.