Contract Insights

Contract visibility during contract management can be hard to maintain.  Without the right tools for successful contract oversight, your organization can lose sight of contracts.  Up-to-date contract document versions can be scattered amongst outdated ones.  Contracts and contract data can be lost or misplaced if stored improperly.  Contracts can be difficult to access and yield meaningful insights from with tedious and error-prone searching methods.  Key dates and milestones can be missed - causing contract lifecycle bottlenecks, missed obligations, and compliance issues.  Luckily, it doesn't need to be this way.  Read on to discover four contract visibility tools with user-friendly contract management software.

CobbleStone Software is proud to share that we have helped transform contract lifecycle management processes in 2021 in numerous ways – and we have experienced record-breaking growth this past year.  From expanding our client base and partner network to bringing leading contract management software innovations and more, here are some noteworthy CobbleStone® achievements from 2021.

Managing contract risk is crucial in ensuring the health of a contract.  Overlooking unchecked contract risk variables can have catastrophic consequences for not only contracts – but for your organization as a whole.  In order to avoid wasted time, wasted revenue, a damaged organizational reputation, lawsuits, and more – embrace contract risk management best practices.  Learn how with this blog from our Contract Management Best Practices Series.

Contract tracking can be complicated for contract management professionals in various industries.  Manual contract tracking can cut it for a while – until contract complexity and contract volume grow.  Leveraging manual contract tracking methods proves problematic once your organization starts managing hundreds or thousands of contracts and – in time – contract failure rates increase.  Leave contract tracking methods involving manual paper and filing systems, disjointed spreadsheets, and decentralized emails in the past in favor of something better.  Learn how with this blog from our Contract Management Best Practices Series.

Contract assembly (or contract document assembly) is essential in contract lifecycle management.  Contract stakeholders and document assembly resources gather to assemble a cohesive and accurate contract document.  However, inefficient contract document assembly processes involving the lack of a central location for contracts, scattered contract clauses, outdated contract language, subcontracts disconnected from related contract documents, and no clarity regarding up-to-date contract document versions can leave your organization open to increased risk.  Contract risk can include contract non-compliance, revenue leakage, unfulfilled obligations, lawsuits, and missed opportunity.  Avoid contract risk and get the highest ROI from your contracts by discovering how to expedite contract document assembly with leading contract management software.  Read this entry from our Contract Management Best Practices Series.

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

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.

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.