CobbleStone Software Blog Recap for September 2022

10/4/22

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CobbleStone Software showcases its September 2022 blog recap.Did you miss any of our blog posts from September?  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 October by reading the latest CobbleStone® content.

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CobbleStone Software showcases how 5 Essential Contract Management Tools for 2023.

5 Essential Contract Management Tools for 2023

With new advancements and options for effective contract management continually evolving, we’ve detailed five essential tools contract managers must empower themselves with to navigate the ever-changing landscape of contract management best practices going forward.

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CobbleStone Software showcases the Million Clause Project Milestone of feeding 500K clauses To its Contract AI.

 

Million-Clause Project Milestone - 500K Clauses Fed To Contract AI!

In April 2022, we announced CobbleStone's exciting million-clause initiative to nourish and enhance VISDOM® AI - CobbleStone Software's proprietary contract intelligence engine with machine learning.  In June 2022, we announced that 330K contract clauses had been fed to VISDOM contract AI.  Now, we are thrilled to announce that over 500,000 clauses have been "fed" to VISDOM thus far!  This stage in the momentous 1,000,000 contract clause project is just one of many testaments to why CobbleStone® has been hailed as the leader in contract management software.

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CobbleStone Software showcases 7 Essential eSourcing Tools For 2023.

 

7 Essential eSourcing Tools for 2023

Utilizing manual sourcing methods - such as gathering item prices in spreadsheets, corresponding with prospective bidders individually via email, leveraging paper-based RFPs, and collecting numerous data separately from potential suppliers - can cause you to face a time-consuming challenge in sourcing quality and cost-saving goods or services.  Without the proper tools, sourcing professionals within your procurement team could fail to determine formal bids, RFPs, budget allowances, stock levels, current contracts, and contingencies in purchase order releases.  Fortunately, you can utilize the following seven essential eSourcing software tools for seamless source-to-contract management success.

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CobbleStone Software showcases an overview of the contract clause. including how Contracts and Clauses Come To Be.

 

Contract Clause – An Overview of How Contracts & Clauses Come To Be

Contract clauses and contracts themselves are built into the identity of the United States and so many other great nations. With the help of historic Supreme Court rulings, the contract and the contract clause were weaved into the cultural fabric of US society.

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CobbleStone Software showcases how Passing On Contract Analysis can cause you to Repeat CLM Mistakes.

 

Passing on Contract Analysis? You May Be Repeating CLM Mistakes.

The age of digital transformation has forged a path of opportunity for analyzing vital information to improve business processes. This phenomenon strongly applies to contract data as well. Unfortunately, many businesses managing contracts fail to maximize contract data points to learn from mistakes and improve contract processes. As such, they fail to reduce risk, optimize contract terms and language, proactively recognize growth opportunities, strengthen the contract review process, and more.  Thankfully, you can avoid falling victim to contract lifecycle process failure and stagnation with contract management software.

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CobbleStone Software Hosts Its User Conference in Austin Texas from October 12th through 14th 2022.

CobbleStone Hosts Its Conference in Austin TX: October 12-14 2022

CobbleStone Software's in-person user conference will be hosted in Austin, Texas, from Wednesday, October 12th, through Friday, October 14th, 2022.  The 2022 CobbleStone Conference will include engaging breakout sessions and dynamic speakers to enhance your contract management software experience.  Considering that the 2021 CobbleStone Virtual Conference received tremendous positive feedback, we eagerly anticipate continuing our successful user conference track record by engaging with CobbleStone Contract Insight users and prospective users in person soon! 

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CobbleStone Software showcases 4 Examples of Bad Contract Drafting and 4 Ways to Draft Contracts Better.
4 Examples of Bad Contract Drafting & 4 Ways to Draft Contracts Better

Contract drafting can be a multi-faceted and tremendously tricky process. This difficulty especially holds true for those new to corporate law and contract management. Before we can get into how to draft contracts correctly, we must know what we should avoid. As such, here are four examples of lousy contract drafting – followed by four ways to draft contracts better.

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CobbleStone Software explains why a Document Repository needs to be secure yet flexible.

Why Your Document Repository Needs To Be Secure Yet Flexible

Managing documents within an unorganized and insecure document repository can slow down your document management processes and leave your organization exposed to undue risk. Relying on manual and disparate systems - such as shared drives, emails, and spreadsheets – can cause you to fall into document mismanagement pitfalls.  Considering how organizations ranging from small businesses to global enterprises leverage document repositories daily, discover how contract management software can empower you with secure yet flexible document repository tools.

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CobbleStone Software investigates Contract Lifecycle Process Failure.

Contract Lifecycle Process Failure - An Investigation

Oh no!  It happened: contract lifecycle process failure.  Something went wrong during contract lifecycle management - resulting in contract failure.  But fear not; as a contract management professional, you are a worthy investigator.  It is time to put on your detective hat, grab a notepad, and piece together the clues as to why your contract lifecycle process failed.  You can also inspect how this tragedy could have been avoided with contract management software.  Let the investigation begin!

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CobbleStone Software showcases 3 Document Lifecycle Stages with An Easy-to-Understand Overview.

The 3 Document Lifecycle Stages - An Easy-to-Understand Overview

Managing various documents across business processes can be difficult. Without document controls and a development process for the management of business documents, your organization can expend valuable time and effort chasing down paper documents and those within disorganized digital storage. Without easy accessibility, your organization can suffer from document loss and misplaced versions.  Fortunately, your organization can compartmentalize the stages of a document lifecycle to better understand the document management process. To that end, let’s explore the three stages of the document lifecycle!

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Now that you are caught up with our September articles, be sure to keep an eye out for our October 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 and MS Outlook, 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!

CobbleStone Software offers a complimentary demo.

Joshua Hansen

Written by Joshua Hansen

Joshua Hansen is the Content Marketing Strategist of CobbleStone Software.

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