Contract Insights

The COVID-19 pandemic has pushed contract management, procurement, and sourcing professionals into uncharted waters regarding their business operations.  Organizations need to quickly find ways to cut contract-related costs and save money during times of crisis such as pandemics, economic recessions, company acquisitions/mergers, and downturns in business.  CobbleStone Software’s Contract Insight can help. Here’s how.

Organizations in the energy industry must manage high numbers of high-value vendor and supplier contracts while remaining compliant and avoiding contract lifecycle bottlenecks.  With increasingly stringent regulatory compliance standards and other regulations put in place by EHS and the EPA, the energy sector encounters a myriad of challenges while trying to ensure full contract compliance while navigating the contract lifecycle quickly and effectively.

With recent world developments of the COVID-19 outbreak, it is not difficult to see why many organizations may have trouble fulfilling their contractual obligations.  Consequently, legal and contract management professionals find themselves faced with the need to seek out where in their contracts force majeure clauses are located to determine whether the suspension of contractual duties is legally justified.  CobbleStone Software’s Contract Insight can help your organization to find vital, pertinent force majeure clauses in your documents during this trying time, thanks to robust searching capabilities.  This article will teach you how.

With recent developments of the COVID-19 pandemic, cities, counties, and agencies that previously relied on paper RFx submissions from vendors need a way to accept bids electronically.  In this challenging situation, CobbleStone’s electronic sourcing software, which equips organizations with remote bid and RFx management, is the solution.