Contract Insights

Intelligent contract workflows help accelerate the contract lifecycle but must be used in combination with workflow escalations to achieve a completely streamlined process.  You and your team may be 90% compliant with getting contract management tasks completed in a timely manner, but sometimes workloads change, and you may not get to complete that assigned task by its due date.  Contract workflow escalations can help eliminate this challenge by having a back-up individual who can complete the task instead.

If you’re frequently encountering delays or bottlenecks at a particular step in your contract process, contract management workflow escalations can help eliminate the slow down.

What is of Value to Your Organization?

You’ve come to the realization that, with the technology available today, you need contract management software in order to exceed contract management expectations and increase productivity.  There are many solutions on the market and you’ll need a plan for how to evaluate them.  Before starting your contract management software assessment, identify what is needed within your organization’s current contract management process.  Do you have trouble locating document versions?  Are there process bottlenecks because no one knows when tasks are due?  Schedule a meeting with your team to discuss the challenges you’re facing so that you can be sure the solution you choose meets all your needs.

Whether you’re getting ready to attend your first work seminar, or you’re a long-serving conference attendee, be sure to follow this pre-conference checklist to get the most out of your next contract management conference experience.  A week-long seminar in an unfamiliar place can either result in an undesirable experience or the best experience, depending on whether you prepare in advance.

Here are some tips on how to prepare for the best contract management conference experience…

School systems, colleges, universities, and other education institutions are choosing to implement contract management software to create better transparency and a streamlined process. 

Paralegals, legal counsel, procurement specialists, executive assistants, and other education professionals often have a significant number of contracts laying around.  Finding a specific document can be a hassle due to the manual search across shared drives, stored files, and other possible locations.  Manually creating a new contract usually results in searching for specific clauses and absorbing the whole day due to an unorganized process.  Wouldn’t it be easier to have all your contracts stored in one searchable repository?  That way, when it’s time to create a new contract, all you need to do is click a few buttons and the correct terms and clauses are pulled together for you.      

What is Source-to-Settle Software?

Source-to-settle software is an advanced system that provides an end-to-end digital sourcing experience for both you and your vendors.  Your current sourcing process is most likely manual, filled with a difficult-to-track bid process including spreadsheets that constantly get lost in your organization’s shared drive.  Source-to-settle software makes eSourcing easy for both you and your vendors to efficiently collaborate, and for your organization to have better transparency over bid responses, so you can award the best vendor based on your needs.

Did you miss any of our blog posts from March?  Don’t worry, we’ve outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and best practices by reading CobbleStone’s latest content. 

Implementors are the forefront of client development with our contract management software, Contract Insight®.  They work with clients daily to help configure, teach, and optimize each unique situation our clients present.  That’s why I interviewed Richard DeMarco, CobbleStone’s Implementation Team Lead and Senior Implementor, about his experience working with CobbleStone users, important parts of the system, and what kind of benefits he’s seen clients receive from using our award-winning software, Contract Insight®.  His knowledge from client experiences can help you understand the ease of implementation and what to expect when first starting to use Contract Insight.

The 2019 CLOC Institute

CobbleStone is looking forward to attending the CLOC (Corporate Legal Operations Consortium) Vegas Institute on May 14-16, 2019.  In-house legal teams throughout the country use our software as their preferred contract management solution and, as a leader in the contract management software arena, we look forward to helping more legal operations teams by providing them with the tools necessary to succeed in today’s market.