Contract Insights

Maintaining efficiency for purchase orders processing is key to organizational health. Whether your team is managing indirect procurement processes or is taking real-time action on inventory management and distribution processes – purchase order management process bottlenecks can result from:

• human error during purchase request processes and budget procedures.
• manual processes for tracking quantities received, inventory assets, and key dates.
• lack of clarity regarding approval status and personnel.

Thankfully, the proper PO management system can help. Let’s take a look into purchasing procedures that can help your organization succeed.

CobbleStone® has released its latest software update - CobbleStone Contract Insight^® Enterprise Version 22.1.1. This new release offers refreshing contract management software tools for continuous CLM success! Read on to familiarize yourself with future-minded contract management software features and innovations to bring your legal operations to the next level!

Manually managing contracts can be discouraging and stressful. It can also increase risk, decrease revenue, and drastically stifle efficiency. Thankfully, it doesn’t have to be this way. According to market research performed by CLOC, 74 percent of legal departments already leverage contract management software to streamline legal ops and more!

In this blog post, we will cover how contract management systems can solve a myriad of contract process problems. We will also help you easily make a business case for contract management software to decision-makers.

The procurement process is a many-feathered bird that leaves a lot of opportunity for success. However – just as your organization can succeed on many fronts – so too can your team face common procurement challenges. Such challenges can result in costly pay-per-solicitation, limited outreach, redundant data entry, and association with vendors that can harm your organization with procurement fraud, scandals, product failure, and failure to deliver what was promised.

Thankfully, you can avoid these procurement pitfalls. Beware of these three procurement situations that can lead your organization down a bumpy road.