Contract Insights

Did you miss any of our blog posts from February?  Don’t worry, we’ve outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and best practices by reading CobbleStone’s latest content. 

Contracts secure and protect assets and, while doing so, should help organizations generate revenue, not lose revenue. Regardless of the intent of contracts, lost revenue is a significant challenge for contract managers.  CobbleStone launched the “Mastering Contract Management Blog Series” to address the problems that contract, legal, and procurement professionals face when managing contracts. In the fourth blog post in the series, lost revenue is discussed.

It is imperative to have proper communication methods in place in order to achieve contract management success.  One communication method is often not enough for a business to complete all tasks effectively as each one requires a specific type of communication.  Email is common for general business communication, followed by phone and sometimes text for more urgent situations. But, when working with a contract management software system filled with content like contract records, file names, account numbers, and more, it can be useful to have direct communication within the system to easily share links and refer to specific areas of the system.