Contract Insights: The Leading Resource for Contract Management & Procurement Professionals

CobbleStone Software Blog Recap for January 2024

Written by Sean Heck | 02/1/24

 

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

 


CobbleStone® Roadshow Training 2024: En Route to CLM Success

CobbleStone Software introduces an interactive training experience exclusively for CobbleStone users and hosted by CobbleStone Contract Insight® experts. With virtual and in-person options, the program features small-group training sessions with CobbleStone experts and fellow System Admins - designed specifically for System Admins to drive their most optimal route toward contract management and eProcurement success!

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Need To Extract Data From Contracts? Consider These Two Options

With the rise of digital solutions, businesses often find themselves at a crossroad between using AI-based contract extraction software or hiring professional contract data extraction services. Both of these avenues offer unique benefits and are instrumental in enhancing the efficiency of contract data extraction. This article delves into the functionalities and advantages of both approaches, providing insights into how they transform the landscape of contract management.

 

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CobbleStone® Roadshow 2024: Take the Contract Management Masterclass

CobbleStone Software introduces a free, virtual masterclass for legal, contract, and procurement professionals. This interactive learning experience is led by CLM software experts and is designed to show you the best route toward successful contract management! 

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Embracing AI in Law: A Legal Pro's Friend, Not Replacement

In an era where "AI is coming for lawyers," the legal community is abuzz with the question: "Will AI replace lawyers?" The integration of artificial intelligence (AI) in law and legal practice has led to a paradigm shift, raising concerns about artificial intelligence replacing lawyers. However, it's crucial to understand that AI in the legal field is not a harbinger of replacement but a catalyst for transformation. To that end, let’s talk about legal professionals, lawyers, AI, and business innovation.

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Why Are Contracts Important In Business?

In the grand design of a society, every structure, from the humblest home to the tallest skyscraper, begins with a blueprint. This blueprint is a promise of what will be built - providing clarity and guidance to all involved. This metaphor aptly describes the role of contracts in the business world. Just as a blueprint is vital in construction, a contract is crucial in the realm of business. But why are contracts so important, and what purpose do they serve?

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What Is a Unilateral Contract? Definition & Examples

There are many different ways to categorize and compartmentalize contracts by type – including as unilateral and bilateral contracts. One of the most common types of contracts that appears in business settings is a unilateral contract. What is this type of contract – and why does it matter? In this blog post, we will dive into the concept of unilateral contracts and provide an example of unilateral contracts at work!

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The 3 Contract Management KPIs for Success

Contract managers are under increased pressure to deliver value with reduced contract risks, decreased contract costs, and improved contract performance.  When you regularly measure progress and the success of contracts against contract management key performance indicators (KPIs), you can proactively readjust your contract strategy to ensure goal alignment drives critical and positive organizational impact.

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A New World of Financial Contract Management With AI-Driven Software

In today's fast-paced financial services sector, the ability to effectively manage contracts is more critical than ever. With the advent of advanced contract and financial management technologies, businesses are discovering powerful tools to streamline processes, enhance accuracy, and boost efficiency. Among these transformative solutions, AI-powered contract management software for financial services stands out as a game-changer.

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10 Contract Management System Requirements Your Solution Needs & Why

There are many efficient contract management solutions on the market. As such – searching for the best contract management software with which to manage contracts can be daunting. But it doesn’t have to be; you just need to know which contract lifecycle management requirements to look for. As such, let’s discuss ten items on a contract management system requirements checklist to look for when deciding on a contract lifecycle management (CLM) software solution that saves time and money for your organization.

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Now that you are caught up with our January articles, be sure to keep an eye out for our February 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!

CobbleStone's user-friendly, robust, and scalable solution seamlessly integrates with mission-critical applications, including MS Word, MS Outlook, and MS Excel, for unified and seamless contract management.

 

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!