Contract Insights

In an interview with CobbleStone Software Account Manager, Michael Donnelly, he describes the reasons why CobbleStone’s training events are essential to Contract Insight® users, and what you can expect from attending one.  Michael is a Contract Insight expert at CobbleStone who has worked with numerous clients, spanning over twenty industries.  He has seen significant amounts of contract management success from those who choose to attend CobbleStone’s user conferences and other training events.  See what he has to say.

Organizations and their vendors often deal with a great number of invoices, POs, and other physical documents, resulting in numerous paper documents for just one service.  Processing and managing these service agreements and associated files manually can be challenging and often results in duplicate billing, unclear payment deliveries, and more.  With automated legal billing software, organizations and their vendors can eliminate these process challenges by providing both parties with a clear understanding of payment status, invoices received, and more.

In early June, CobbleStone exhibited at BIO 2019 in Philadelphia, PA.  There was an abundance of amazing keynotes, super sessions, fireside chats, receptions, and educational sessions ranging from “Biofuels & Renewable Chemicals” to “Value, Patient Access & Reimbursement.”  The sessions on “Business Development & Finance,” “Emerging Opportunities in Global Markets,” and “Intellectual Property” made it clear that biotechnology and pharmaceutical industry leaders from life sciences and academic institutions are eager to face their challenges. Their strategy will beintegrating new technologies into their processes to improve operations, go-to-market efforts, R&D, profitability, and contract performance. 

Vendors can provide great results and poor results, depending on who you ask.  Rating your vendors can help your organization determine the best vendors to select based on ratings from within your vendor management system.  CobbleStone’s Contract Insight® software allows users to score vendors on specific categories like performance, on-time delivery, invoicing accuracy, and quality compared to other vendors in your system.  Contract Insight rating scorecards are used to rate vendors and companies you do business with to help you make better decisions about which vendors to use in the future and what companies you have successfully or unsuccessfully conducted business with.  Learn how to easily rate and review vendors in Contract Insight with this guide.