Contract Insights: The Leading Resource for Contract Management & Procurement Professionals (93)

5 Key Stages in Awarding a Contract

By Sean Heck on 03/29/22

5 min read

CobbleStone Software explains five key stages in awarding a contract.

Awarding a contract is a complex, multi-faceted process. There is room for error and missed opportunities without the right strategy. This blog will delve into the five critical stages in awarding a contract and how to seamlessly navigate these stages with leading contract management software tools.

Topics: contract authoring contract drafting contract negotiation contract writing contract writing solution e-sign E-signatures eSignature signatures Electronic Signature electronic signatures eSignatures contract approval process IntelliSign contract requests legal requests

6 Ways Contract Creation Software Can Improve Your Contracting Process

By Sean Heck on 03/28/22

6 min read

CobbleStone Software presents six ways contract creation software can improve your contracting process.

Contract creation is a multi-faceted process. Without the proper procedures, your organization can suffer from increased risk, drawn-out contract lifecycle times, and missed opportunities - among other deleterious consequences. Contract documents and data stored on spreadsheets, email servers, and shared drives alone can result in lost contract documents and versions. Back-and-forth contract drafting via email can result in slow collaboration times and unclear document versions. An inadequate clause management process can result in the wrong clauses being included in contracts and missed opportunities. Wet contract signatures can result in long send-to-sign times and costly postage expenses. What's more, risk can increase, resulting in lost revenue, data leakage, lawsuits, and more. Fortunately, you can leverage contract management software to avoid sending your contract creation process into a tailspin. To that end, here are six ways contract creation software can improve your contracting process.

Topics: automated workflow contract drafting contract repository contract workflow data storage e-sign E-signatures eSignature risk management signatures workflow workflows Electronic Signature electronic signatures Document Collaboration eSignatures contract risk Legal Workflow legal workflow automation Contract Management Workflow electronic signature software IntelliSign contract collaboration risk response plan contract creation management

CobbleStone Contract Insight® 17.11.0: Master New Tools to Enhance CLM

By Sean Heck on 03/22/22

4 min read

CobbleStone Software introduces CobbleStone Contract Insight® Version 17.11.0 to help users master new tools to enhance CLM.

CobbleStone Software's latest version – CobbleStone Contract Insight® Enterprise 17.11.0 – has come, introducing next-level CLM features and enhancements for you to master to bring your contract management software platform to the next level!

Topics: contract authoring Contract Data Extraction Contract Insight contract negotiation contract security contract writing contract writing solution e-sign E-signatures eSignature Purchase Order Management Purchase Order Module Purchase Orders purchasing secure contracts security signatures Vendor Contract Management Vendor Management vendors Electronic Signature electronic signatures Document Collaboration eSignatures VISDOM AI Contract Artificial Intelligence Data Security Contract Insight® Software Updates Contract Management AI AI-Powered Contract Management Software AI-Based Contract Management purchase order software electronic signature software IntelliSign contract requests legal requests contract collaboration Contract Intelligence User Permissions Vendor Registration Vendor Registration Wizard Vendor Gateway concurrent editing CobbleStone Contract Insight® CobbleStone Vendor Management Software

Is It Time to Hire a Full-Time Legal Reviewer or Paralegal?

By Mark Nastasi on 03/21/22

5 min read

CobbleStone Software offers a step-by-step guide to decide when to hire a full-time legal reviewer or paralegal.

Over the last year, our clients - legal professionals - have expressed their seemingly increased workload for reviewing contract documents, negotiating agreements, and signing contracts. Recently, I was asked: "When do you know it is time to hire a full-time legal professional for contract management and legal review?" Considering the innumerable times I've been asked this question, I resolved to write a thorough and thoughtful response as a blog that aligns with our audience of contract management software users and prospective CLM users as well. Discover 5 steps to determine if you need to hire a full-time legal reviewer or paralegal.

Topics: Contract Management Solutions Contract Management System Contract Management Software legal contracts Maximize ROI with CLM paralegal CLM Software Legal Workflow legal technology legal operations