Manual healthcare contract management processes can increase cost and liability, leak and decrease revenue, and bring about negative patient and personnel experiences. Outdated strategies can prevent a seamless contract lifecycle, compliance, the best use of time and resources, unified and secured documents, efficiently and accurately entered data, and the management of contracts of varying value and complexity. Luckily, future-minded contract lifecycle management software can help. Here’s how.
The COVID-19 pandemic has left educational institutions in a state of disarray. In such unprecedented times, education contract managers - especially when overseeing contract management teams remotely - cannot rely on antiquated education contract management procedures. Amidst such unforeseen circumstances caused by the COVID-19 pandemic, education contract managers can learn how to leverage the following key digital contract management processes within a scalable and centralized contract lifecycle management system to maximize their contracts’ value and optimize their workflow.
As was detailed in our recent blog on CobbleStone’s PC Helper App for MS Outlook, contract generation is a multi-faceted process. A unified procedure for contract collaboration, contract writing, and contract negotiation can be hard to come by. The “track changes” feature that comes with MS Word out of the box can help make the contract negotiation process easier with redlining. However, version control issues can arise when contract stakeholders work on different computers in disparate locations. In turn, documents that are saved locally can easily get lost – potentially resulting in more work for involved contract stakeholders.
To avoid issues such as lost document versions and contract lifecycle bottlenecks, CobbleStone Software’s latest release of its celebrated contract management software – Contract Insight® 17.7.0 – offers a PC Helper App that seamlessly integrates with MS Word. Here’s how to use that functionality.