Contract Insights

Government contracting is divided into three stages: procurement or acquisition planning, sourcing, and post-award contract management.  The first two stages have had the most focused time and financial investment for improvement.  This approach leaves post-award management as a secondary duty for contract officer representatives (CORs) who are then left unsupported andpositioned for ineffective compliance, risk management, and opportunity realization.  Arguably, the contract management process after acquisition and sourcing is the most crucial stage for government agencies but has notoriously been given low visibility and insufficient resources.  This article will address the challenges and present an actionable post-award contract management solution.

An infallible contract process has two variables: a trustworthy team and reliable contract management software.  Although one of these variables can perform without the other, having both will result in the best performance.  

Managing contracts effectively can be difficult without the right resources.  Your team can be well-versed in contract management best practices, but without a contract management system to track their actions and process workflows, bottlenecks could be occurring, tasks may be overdue, and you have no way of knowing if you are losing out on opportunities. How do you know what’s going on within your team’s processes?  If you’re not sure, it may be time for an upgrade to contract automation.  Learn how to create an infallible contract process for your organization.

When implementing contract management software, organizations often have copious amounts of contract data that needs to be searched, analyzed, and populated into their new contract management system.  Data extraction is a tedious task that can be time-consuming and overwhelming for contract management professionals.  Leaving this task to software professionals who are familiar with data extraction, and who use AI technology to streamline data extraction processes, will allow for a better, faster implementation process.  Discover five reasons why your organization should choose contract data extraction services.

Upon the release of Contract Insight Version 17.3.1, the contract management software is now available with Dashboard Launch Pads that take apps and taskbars to the next level with a better user experience within CobbleStone’s Contract Insight® Enterprise Software.  Contract Insight is a robust system with configurable functionality to help users navigate through the system fast and easily.  System Dashboards are full of functionality and are designed to provide a better user experience.  Learn how CobbleStone’s Dashboard Launch Pads can help users navigate through Contract Insight easily while gaining insights into key contract data right from their system Dashboard.