Mike Gormley, the Sales Department Manager at CobbleStone Software, has been a member of the CobbleStone family since January 2018. Recently, we interviewed Mike about his experience at CobbleStone, and he shared some brief insights into his role as well as some great information about upcoming webinars and learning events.
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In the minds of legal professionals, the pressure is ON. And yes, you read the title correctly. The vast majority of legal professionals - a whopping 84 percent - experience pressure to simplify their contract processes (according to a recent survey from World CC). In the interest of drilling down deeper, let's thoroughly examine some of the reasons corporate counsel, general counsel, paralegals, legal departments, and others are clamoring for contract simplification.
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Ineffectual procurement strategy can lead to elevated risk, dark purchasing, supplier issues, data inaccuracies, and a drawn out purchasing cycle or procurement cycle. March is procurement month, so organizations should seek new ways to innovate the fulfillment of purchasing goals. So stop wasting time, squandering opportunities, and mismanaging resources with a disjointed and inefficient procurement process.
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You’ve probably heard the term “NDA” thrown around in the context of contract and business processes. But what is an NDA? When should they be used? How can NDAs be managed? Let’s uncover what you need to know about the non-disclosure agreement (NDA).
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Organizations of all sizes face the need to juggle multiple digital contracts simultaneously, with each contract being at a different stage of the contract lifecycle. Leading contract management software reduces risk, improves productivity, and maximizes a contract's value. But what is CLM (contract lifecycle management)? Read on to find out!
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The digital age of business processes is a double-edged sword; the sheer volume of information can either be a treasure trove or a labyrinthine nightmare, especially when it comes time to manage Freedom of Information Act (FOIA) requests and public request records. But fear not, for there is a beacon of hope that cuts through the fog of complexity: integrated CLM and FOIA request software.
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As contract complexity and volume grow for evolving businesses, managing contracts efficiently is more critical than ever. Thanks to almost lightspeed developments in artificial intelligence (AI) and optical character recognition (OCR), contract management software has taken a giant leap forward. This article explores the tremendous and positive impact of AI and OCR systems in contract management.
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Many legal professionals face the daunting task of managing a growing volume of contracts efficiently and securely. The manual handling of such important documents is not only time-consuming but also prone to errors - leading to potential compliance issues and operational inefficiencies. Enter contract management software; among many other things, it is a document management solution designed to streamline the organization, access, and management of various types of documents.
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While contract complexity and volume grow, navigating the contract lifecycle can feel like an evermore steep, uphill battle as organizations juggle inefficiencies, risks, and costly disputes. In the face of these challenges, understanding the landscape of contract lifecycle management becomes essential for driving strategic decisions and operational improvements. To that end, here are 20+ of the latest statistics, trends, and informed predictions in the contract management space.
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Organizations that edit documents manually in Microsoft Word can increase the chances of human errors. What’s more, constant back-and-forth edits via emailed documents can result in version control mistakes and broken formats. Mission-critical clauses and sections can either be left out of a legal document or improperly positioned. Additionally, the amount of time spent on tedious, outdated redlining processes can result in lost revenue and opportunities. Thankfully, your legal team can start saving time on the contract negotiation process with CobbleStone’s user-friendly auto-redlining tool - powered by VISDOM® artificial intelligence.
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Now that you are caught up with our February articles, be sure to keep an eye out for our March content. Never miss a blog post again, and let us notify you when new articles are published by subscribing to our blog! No time to read? Then check out CobbleStone's YouTube channel for exciting video content. Be sure to like and subscribe!
Discover why thousands of contract management professionals trust CobbleStone Software for their contract management, sourcing, and procurement needs. Book a free demo with a CobbleStone Contract Insight expert to learn more about CobbleStone's acclaimed contract management, eProcurement, and eSourcing software!