Contract Insights

Contracts secure and protect assets and, while doing so, should help organizations generate revenue, not lose revenue. Regardless of the intent of contracts, lost revenue is a significant challenge for contract managers.  CobbleStone launched the “Mastering Contract Management Blog Series” to address the problems that contract, legal, and procurement professionals face when managing contracts. In the fourth blog post in the series, lost revenue is discussed.

Contract Management Software can benefit any organization that needs to manage contracts or agreements, but one of the most common objections is the cost. Understandably, budgets are a considerable factor in all business decisions, but low-cost contract management comes at a higher price.

In a previous CobbleStone blog, Project Coordinator, Nash DeVita, identified the key areas that can make or break enterprise contract management software implementation success.

In this blog post, I interview Nash and dig deeper into who the contract management software administrator (who owns implementation on the client-side) should be, and what it takes on the client-side to reach the go live milestone on time with the anticipated contract management software ROI.

As organizations face increasingly complex challenges and arduous competition, Procurement Managers are expected to provide more value amidst increasing responsibilities and decreasing people resources. Procurement is rapidly expanding beyond transaction and vendor management into strategic procurement initiatives that must be aligned with organizational goals. This article examines what it will take to add value from procure to pay.