Contract Insights

A contract manager in construction is tasked with managing various construction contracts from requests through renewals – which can include sourcing and coordinating with construction vendors for project-based or long-term services.  Without a streamlined and organized process, construction contract managers can find themselves overwhelmed.  Read on to learn how construction contract management software can centralize people, processes, and technology.

The world of contract administration has evolved drastically in recent years.  Given the ongoing COVID-19 pandemic and the embrace of digital transformation over obsolete legal operations methods, organizations must be ready to brace themselves in 2022 with automated contract management software tools that support remote contract collaboration and intelligent workflow automation.  To prepare organizations for the changes to come, here are the top three contract management technology tools that organizations should equip themselves with for 2022.

Traditional contract data migration services can afford your organization tremendous headaches – to put it lightly.  Hidden expenses regarding aftermarket technology and labor costs, evolving storage requirements, questionable data security, poor data recovery measures, and low scalability involved with locally stored and manually implemented data migration can be detrimental.  Leave the tedium, risk, high costs, and wasted resources in the past in favor of web-enabled, self-serve data migration and export with contract management software.

Does your organization have a high volume of contracts of ranging complexity?  Do you need these contracts searched, have important contract data extracted, and be stored within an easily accessible contract data repository?  Don't leave your team overwhelmed with manual contract data extraction and legal discovery processes.  Instead, leverage intelligent contract data extraction with the help of powerful contract intelligence within a leading-edge contract management software system.

Did you miss any of our blog posts from August?  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 the latest CobbleStone® content.

If you work within the IT industry, you may find that the management and oversight of a high volume of IT contracts of ranging complexity can require many moving parts.  If your organization is taking on IT contract management with manual contract management methods - such as those involving many filing cabinets, decentralized spreadsheets, and scattered emails - your team runs the risk of facing wasted time, squandered revenue, costly mistakes, and missed opportunities (among other harmful consequences).  Leave obsolete and damaging IT contract management methods in the past; tackle the following three IT contract management best practices with centralized and user-friendly contract management software.

Managing third-party compliance standards - including HITRUST - can be challenging without a robust and centralized compliance management system in place.  Outdated and disorganized compliance management methods can result in leaked data, breaches of contract with detrimental legal consequences, and excessive amounts of lost revenue - among other things.  Luckily, integrated vendor management and contract management software can help you easily track HITRUST and other compliance standards in an efficient, organized, and secure manner.  Here's how.

Healthcare contract management relying on manual processes can reduce efficiency for healthcare contract stakeholders, decrease revenue, and increase liability – among other things.  Contract lifecycle management bottlenecks can decrease the efficiency of resources, compromise contract security, and disorganize crucial data.  Read on to learn how to leverage six healthcare contract management software tools for stronger contracts.