Contract Insights

Document assembly plays a vital role in the contract lifecycle, where document contributors band together to form a cohesive contract document.  However - inefficient legal document assembly can stem from unorganized contract templates, obsolete contract language, and subcontracts divorced from related original contract documents.  Read on to discover three essential contract management software document assembly tools for enhanced legal operations and contract lifecycle management success.

2022 is here 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.

The contract lifecycle is a great way to categorize the steps of contract administration, from requests to renewals.  But how can you embrace legal operations digital transformation to automate the contract life cycle process?  Read this blog to find out.

Keeping track of contracts can prove challenging, especially without a centralized system.  While contract management software provides a robust solution for contract lifecycle management, a basic contract tracking spreadsheet can help you retain some oversight.  Read on to learn how you can leverage CobbleStone Software’s free contract tracker to help streamline your contract process.

Contract redlining can prove to be a tedious process during negotiations. Coordinating with stakeholders during the contract redlining process using siloed processes such as MS Word documents with tracked changes, email communications, and shared drives can further delay contract negotiations.  Read on to learn how you can leverage future-minded contract redlining tools that centralize people, processes, and technology in a robust contract management software suite to help automate legal operations for contract lifecycle management success.

Clause management can be challenging for contract, procurement, and legal professionals.  Manual contract administration tools such as spreadsheets, emails, and disconnected software tools prove to be less than effective or efficient ways to generate optimal contract documents and clauses - and rarely lead to fast approvals.  Contract clauses can support standards and reduce contract risk and, when used to their potential, can positively impact your contract management process.  Learn how to master contract clauses in this blog.

If you are a new CobbleStone Contract Insight® user, we understand that learning the contract management software system can be intimidating at the outset.  You may be asking yourself, "How will I learn the system?"  "How will I remember everything?"  "Do I need to do all of this myself?"  Well, rest assured, CobbleStone® offers a myriad of training resources to ease concerns you may have!  CobbleStone can provide training resources to fit your needs - whether you are a brand-new client, a new user of the system, or simply want to brush up on a few features.

There are many moving parts involved with a contract, and it can be easy for your organization and counterparties to get mixed up at some point in the process.  This is why a contract checklist is an essential part of the commencement of a contract.  Your organization can utilize a contract checklist as a contract roadmap.  Read this blog for an overview of a contract checklist – as well as what solutions your organization can leverage to navigate that contract checklist successfully.

You may have seen or heard the term CLM tossed around in conversations and online.  However, perhaps you do not have a comprehensive understanding of what it truly means.  Contract management professionals, including general counsel and paralegals, should gain at least some conversance with CLM and how digital contract management software tools can be leveraged for success in contract lifecycle management.  Read on to discover an introductory overview of CLM.

Contract drafting is a multi-faceted and complex process.  Document collaboration, contract authoring, contract negotiation, the establishment of terms and conditions, and other relevant steps can be challenging if organizations are relying on manual tools.  Leave emailed collaboration, local file storage, manual tracking of multiple contract document versions, manual clause tracking and clause storage, and other error-prone and tedious contract drafting methods in the past by embracing robust contract management software.