Contract Insights

Did We Choose the Wrong Contract Management Software Provider?

Your organization invested in contract management software to effectively manage the contract lifecycle with less overwhelm, more automation, more visibility, and more predictability.  But what if the lackluster results you’re experiencing aren't worth the time and money you put into the implementation?

How can Contract Analytics and Reports Improve Your Contract Management Strategy? 

The key to successfully managing contracts is leveraging contract management software to increase visibility, reduce risk, reveal opportunities, and build strong relationships with counterparties and vendors. Contract analytics supports this initiative.

The challenge is that implementing contract technology to draft, negotiate, approve, sign, and store contracts is not enough. The “it” factor in contract management is contract analytics with reports that are easily accessible and user-friendly, while providing the right data at the right time to the right people.

https://www.cobblestonesoftware.com/solutions/compare-contract-management-software-editions

Although an essential facet of running a business, managing contracts without a contract database can be a time-consuming headache. With so many different contracts with vendors and service companies, it can be challenging to keep track of them all without reliable contract software. The right solution can help you reduce the amount of time you spend searching through spreadsheets or shared drives so that you can work on growing your business. Here are just a few of the ways that a formal contract database can help your team maximize productivity:

DBE supplier tracking becomes easier when the right tools are in place.

Whether you’re a local municipality, city, state, or federal agency, chances are you have a goal defined for awarding contracts to disadvantaged business enterprises (DBE). Government agencies operate on “good faith” that they will make the conscious effort to consider these businesses when awarding new contracts. The problem, like managing any other contract, is the work involved to ensure that all criteria is being met and certifications are processed.