Contract Insights

Meet Wendy A., a Corporate Lawyer at CobbleStone Software that has been a member of the CobbleStone^® family since January 2023. Recently, we interviewed Wendy about her experience at CobbleStone where she kindly shared some insights into her role as well as advice she has for those considering a career in SaaS/contract management software.

A proper legal risk management process is critical for the preservation of a healthy contracting process. Failure to adequately manage contract risk can be disastrous. Harmful contract risk oversights affect not only legal teams – but organizations as a whole.

Your organization should work to avoid a breach of compliance, violation of contract terms, lost revenue, wasted time, lawsuits, and a damaged company reputation by addressing different types of contract risks. As such, let’s break down agreement risk management and how it can be maximized with contract management software.

Generation of legally binding contracts from verbal agreements can be challenging for contract, procurement, and legal professionals.  Manual contract generation or contract creation can be tedious and error-prone.  Moreover, a manual approach to document assembly can put organizations in the precarious position of facing:

• significant process bottlenecks.
• compliance issues.
• increased risk.
• excessive fines.

It’s time to save time and take control of contract creation.  Learn how to transform your manual generation process into a value-centric strategy. Make this transformation with the help of leading contract management software.

In virtually any business context, understanding the financial metrics that drive operational success and revenue is crucial. One such metric that plays a pivotal role in measuring the financial health of an organization is ACV (annual contract value). In this blog post, let's explore the concept of annual contract value, its importance, and how to calculate it.

Manual renewal methods with spreadsheets, emails, emailed reminders, and wet signatures may suffice for organizations with low contract volume and complexity. 

Unfortunately, organizations managing thousands of contracts of ranging types can face challenges. Moreover, such an outdated contract renewal strategy can increase the risk that a contract expires with a desired renewal having been overlooked. It's time to take control of how you manage contract renewals. Read on to learn how to leverage renewal process best practices with contract management software.

Organizations of all sizes face the need to juggle multiple digital contracts simultaneously, with each contract being at a different stage of the contract lifecycle. Leading contract management software saves time, reduces risks, improves productivity, and maximizes a contract's value. But what is the contract lifecycle management process? Read on to find out!

The Health Insurance Portability & Accountability Act (HIPAA) is a crucial regulation with which healthcare organizations and professionals around the world are all too familiar. At the risk of oversimplification for expediency, it is designed to protect sensitive health information from being disclosed without patient knowledge or consent. Central to HIPAA compliance are business associate agreements (BAAs) - contracts that support a foundation of privacy, security, and integrity of patient data as it flows through the various invisible hands of the healthcare ecosystem. The stakes are high for healthcare organizations - for the legal and financial ramifications of business associate contract mismanagement can erode the reputation and stability of a business. As such, let's explore how to make overseeing these complex and critical contracts as smooth and efficient as possible.

Did you miss any of our blog posts from February?  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 March by reading the latest CobbleStone^® content.