The first best practice in our Contract Management Best Practices series requires leveraging a centralized and secure contract repository. Relying on manual and disparate systems - such as shared drives, emails, and spreadsheets – can cause you to fall into contract mismanagement pitfalls. Discover how contract management software can empower you to leverage a centralized and secure electronic contract repository.
Organizations of all sizes face the need to juggle multiple contracts simultaneously, with each contract being at a different stage of the contract lifecycle. Leading contract lifecycle management software is crucial in reducing risk, improving productivity, and maximizing a contract’s value. But what is contract lifecycle management? Read on to find out!
Managing contracts from requests to renewals can prove difficult when relying on primarily manual processes. Without accountability, visibility, a clearly defined strategy, and actionable insights, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks. Read on to learn how leading contract management software can support each contract management best practice below.
Contract management professionals of all types are in the age of digital transformation. Organizations need to correctly leverage contract management tools to adapt successfully. As with any practice, mistakes in contract management are quite possible. Contract management teams leveraging obsolete, manual methods are even more likely to commit CLM errors – resulting in contract lifecycle bottlenecks, missed key dates and milestones, and lost revenue. Mistakes in contract management must be avoided. Read this blog to discover six common mistakes in contract management – and how they can be evaded with the help of contract management software.
Managing contracts can be challenging for legal, procurement, and contract management professionals - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives. Without accountability, visibility, a clearly defined process, and actionable insights within a SaaS contract management software suite, you can find yourself running into compliance issues, minimizing contract value – among other setbacks. Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and comprehensive SaaS contract management processes. Fortunately, robust SaaS contract management software can help streamline your contract lifecycle management processes. Read on to discover five key advantages of SaaS contract management software.
Do you have many contracts to extract data from and organize within a centralized, web-enabled contract management software suite? Extracting contract data - especially from hundreds or thousands of legacy contracts - can seem overwhelming, however, it doesn’t have to be. Read on to learn how CobbleStone can help streamline your contract data extraction process in three easy steps.
Professionals engaging in the contract management process can find themselves facing a myriad of challenges. Many of these challenges are born from a decentralized strategy and a lack of automated contract lifecycle management tools. Read this blog to discover five common contract management challenges and five leading solutions to those problems.
As a legal professional, you hold a tremendous responsibility within your organization – especially with managing internal stakeholders and maintaining efficient processes with external stakeholders. Relying on disparate and manual contract management processes such as spreadsheets, emails, and shared storage drives can create an inefficient contract management process that can waste time, decrease revenue, and increase risk. Read on to learn how paralegals, general counsel, and corporate counsel can leverage four essential legal ops contract management software tools for success.
CobbleStone Software's next software generation – CobbleStone Contract Insight® Enterprise Version 17.10.0 – has arrived, introducing next-level CLM features and enhancements to bring your contract management software suite even further into the new era of legal operations!
