Managing various types of entertainment and media contracts from varying locations with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as postal mail, wet-signatures, filing cabinets, emails, shared network drives, and lengthy paper-based negotiations. Fortunately, a centralized contract management software suite can assist media contract management professionals from pre-award to post-award contract management – particularly with post-award processes of efficient storage, confidentiality maintenance, international compliance, terminations and renewals, and tracking contractual key performance indicators.
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2021 is rapidly approaching and, with it, innovations and enhancements to contract management automation. To that end, here is a list of user-friendly, future-minded, and industry-advancing contract management software features, processes, and best practices that organizations can empower themselves with to successfully and confidently navigate the evolving landscape of contract management through 2021 and beyond.
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Do you manage contracts in a small business? From client contracts to employee contracts - among many others - small business contract management KPIs can be hindered by contract non-compliance, disorganized pre-award contract processes, missed contract renewal opportunities, and more – without the proper contract management system in place. Read this blog to learn how to transform your process for streamlined, user-friend, and success-driven small business contract management.
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2021 has arrived, and with it comes new innovations to your contract management software processes. Keeping this in mind, we have outlined six critical contract management tools that your organization should equip itself with to stay ahead of future-minded contract management best practices in 2021 and beyond.
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As a lawyer, you manage a variety of contracts that involve ranging stakeholders and processes. Yes, you may have help from paralegals and legal assistants to coordinate the contract groundwork. However, for negotiations, approvals, signatures, and post-award contract management processes, you need a streamlined system in place to grant you optimal control over your contact management process. Read on to learn how you and your legal team can significantly improve legal contract management software procedures.
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In the wake of unpredictable circumstances such as the ongoing COVID-19 pandemic, your organization is more than likely allowing employees to work remotely. No matter which relevant industry you are working in, you must be supported with a sufficient system in place for contract management, sourcing, and procurement operations. To that end, we've assembled a list of five tips for maintaining remote contract management software process efficacy during the COVID crisis.
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Contract writing is a critical stage of the contract lifecycle. One important facet of contract writing is contract clause management. Insufficient contract authoring procedures as they pertain to contract clause management often rely upon disorganized tracking of versions, a lack of unified contracts and subcontracts, and - unfortunately - scattered clauses. Such processes can leave your organization with contracts that are missing clauses, an overlooked mass of key dates and milestones, and ununified contract lifecycle management.
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If your organization is planning on leveraging contract management software, it is crucial that your team is aware of how to oversee user permissions effectively. Manually managing user permissions with methods involving spreadsheets or unsecured folders, access that must be approved or restricted via disparate emails, or other decentralized communication can leave your organization at legal and regulatory risk. Learn how to mitigate such risk factors and more with cutting-edge contract lifecycle management software.
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It is important for procurement professionals to successfully align vendor management and purchasing goals with a trusted solution. Luckily, CobbleStone Software - which has been preferred by procurement professionals for over 20 years - can help organizations to establish a procurement strategy, strengthen procurement processes, and commit to a future-minded and proactive approach to procurement while embracing automated eProcurement software. Read on to learn why so many procurement professionals choose CobbleStone time and time again.
As we step into 2021, CobbleStone Software’s Executive VP – Mark Nastasi – reexamines contract management software technology trends in the wake of the many challenges of 2020. He provides expert insight into how organizations can move forward into more future-minded, automated, and user-friendly contract management in 2021 and beyond. Read his considerations and suggestions below.
As a paralegal, working in a fast-paced environment with tight deadlines without the proper contract management software system can leave you stressed, disorganized, and overworked. Manually assisting lawyers with contracts – including tasks such as coordinating communications with stakeholders, gathering wet signatures, managing disparate compliance materials, and manually tracking key dates and milestones – can present time-consuming and error-prone challenges. Fortunately, CobbleStone Software can help unify people, process, and technology – streamlining contract lifecycle management. Read on to learn how CobbleStone’s legal contract management software – Contract Insight® – can help paralegals achieve contract management success.
Now that you are caught up with our December 2020 articles, be sure to keep an eye out for our January 2021 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!
Join so many contract management, vendor management, procurement, and sourcing professionals with a proven procurement management software solution. Request a free demo of Contract Insight today!