Contract Insights

Organizations may be hesitant to move from on-premise to software-as-a-service (SaaS) contract management solutions due to misguided presumptions. Such “myths” can be misleading and discouraging to potential software users, leaving them exposed to contract data loss, contract management software user errors, and the complication of contract lifecycle management process centralization. Conversely, cloud-based contract management software can streamline, unify, and automate legal operations. To that end, let’s set the record straight and debunk five prevailing myths about SaaS contract management.

What is e sourcing?  Why is it important?  What can I do to get started with a suitable eSourcing process?  Read on to define "eSourcing," discover the troubles of manual sourcing processes, and learn how to optimize your eSourcing process in the age of digital transformation with a centralized and user-friendly integrated eSourcing software and contract management software platform.

It remains true that general counsel and paralegals continue to encounter growing contract complexity and volume.  An ineffectual legal contract management process makes obstacles for legal departments tough to overcome.  Here’s how to leverage seven legal contract management software tools for a streamlined legal contract lifecycle, reduced risk, and minimal contract lifecycle bottlenecks and delays.

Managing your CRM (client relationship management system) separately from your CLM (contract lifecycle management system) can cause sales contract management bottlenecks - such as disorganization, miscommunication, and increased risk.  Fortunately, leading contract management software can help you achieve sales contract management success by seamlessly connecting your CLM and CRM.  Read on to learn how connecting your CLM and CRM can help expedite your sales contract management process by sharing relevant and timely information between sales and contract management teams efficiently – helping close sales deals quickly and track post-signature responsibilities effectively until renewal.

In the age of digital transformation, organizations from a vast array of industries are switching from on-premise to web-based SaaS (software as a service) software deployment to streamline business operations.  Those using contract management software are no exception.  There are times when on-premise (deployed) contract management solutions are applicable.  However, on-premise solutions can leave organizations exposed to contract data loss, contract management software user errors, and the complication of contract lifecycle management process centralization.  Conversely, cloud-based contract management software can streamline, unify, and automate legal operations.  To that end, here are some perks of switching from an on-premise to a SaaS contract management software solution.

Onboarding and training your next generation of employees can prove time-consuming and somewhat stressful for most organizations.  Turnover in your legal team, compliance, and other key roles can create friction that affects your bottom line.  Fortunately, CobbleStone Software is dedicated to protecting your source-to-contract management workflows from process bottlenecks by creating a smooth learning experience for your new contract management software users.

Purchase orders play a vital role in ensuring you have the goods and services necessary to operate and expand your business.  With robust purchase order management software, you can lower administrative costs, boost accountability, enhance communication and asset management, and assist your organization in achieving successful operations - all while enjoying seamlessly integrated contract lifecycle management.  Read on to learn five key electronic purchase order software tools within contract management software.

Efficient contract management is essential for the health of organizations in all industries - including the energy industry.  Energy sector companies need to work with many contracts, bids, vendors, suppliers, and contractors to maintain operations and increase revenue.  Tackling these different processes in a fast-paced business environment can prove quite challenging.  With a decentralized approach involving contracts stored in filing cabinets, costly payments per solicitation, limited vendor and supplier outreach, tedious collection of vendor responses through email, contract lifecycle inefficiencies, and easily-missed key date reminders, organizations in the energy sector can quickly find themselves "unplugged" and "out of battery" with decreased revenue, increased risk, and missed opportunities.  Luckily, integrated contract and procurement software can help.  Read on to learn how energy contract management software can supercharge energy industry contract and procurement operations to keep organizations "on the grid" of digital transformation.

Managing contracts can be challenging - 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 contract management software platform, you can find yourself confronting contract management bottlenecks.  Contract lifecycle management (CLM) requires careful planning, the right technology, a well-planned contract strategy, and robust contract lifecycle management processes.  To gain the most out of contract lifecycle management, you need to ask key questions in order to find the right answers.  Read on to discover seven key questions to consider when implementing contract lifecycle management, including key features to look for when leveraging a CLM software platform.

Did you miss any of our blog posts from April?  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 software and procurement best practices in May by reading the latest CobbleStone® content.