Contract Insights

As technology evolves and organizations shift to adapt, business process changes should increase productivity rather than hamper it.  Contract managers who primarily utilize manual methods with their team may encounter difficulties in efficiently managing contracts.  Contract mismanagement can decrease productivity, hinder communication regarding task responsibility, and increase avoidable inefficiencies.  As contract administration changes for the future, organizations can attain greater control over their contract management processes by avoiding the following pitfalls of contract mismanagement.

Organizations should be equipped with contract management software that is easy-to-use, reasonably priced, and whose features are aligned to their needs.  When these criteria are not being met, organizations risk encountering issues such as contract lifecycle bottlenecks, wasted time, increased costs, and lost revenue.  These are issues that require making a switch to a better solution.  With that said, here are three things to consider when making the switch to a leading contract lifecycle management software platform.

Contract management AI is not something to be intimidated by.  Its goal is not to eliminate jobs or replace valuable employees.  Instead, it can add value to contract management software processes by transforming contracts and documents into building blocks for enhanced contract oversight, improved risk mitigation, and more proactive opportunity realization.  It can lend a competitive edge by shifting the responsibility of employees from tedious data entry to valuable contract analytics.  Organizations that embrace AI-based contract management can maximize growth opportunities and increase their software ROI.

CobbleStone’s latest release, Contract Insight^® Enterprise Version 17.5.0, has arrived with many new features to enrich your contract management platform!  Innovations like CobbleStone’s numerous artificial intelligence improvements, simplified E-Signature options, an enhanced dashboard experience, enriched vendor/client gateway functionality, template improvements, and more can equip your team with the tools to succeed.  Get started today with better usability and governance over your contract lifecycle management system!

CobbleStone Software will be exhibiting AI-powered legal document management solutions at the Legalweek New York 2020 Conference.  This highly anticipated legal technology event takes place February 3-6, 2020, at the New York Hilton in Midtown Manhattan. 

Creating Contract, Request, Bid, PO, Employee, and Vendor Records is unprecedentedly streamlined with Contract Insight's latest update.  Drag and drop record initiation is now available out of the box that lets users easily import files from a variety of locations!  This tutorial serves as a step-by-step guide to aid in the initiation and configuration of records in Contract Insight’s leading source-to-contract suite.  Get started today with better usability and governance over your CLM system.

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.

Organizations that make data-driven decisions position themselves for long-term success. Their culture, tools, and abilities are centered around the common goal of collecting quality data and analyzing it quickly and accurately to make informed business decisions. When managed effectively, quality contract data translates to contract analytics, providing the insights necessary for organizations to decrease contract cycle times with sharpened control, governance, and visibility. Learn how to turn contracts into a pivotal source of business intelligence that supports strategies, tactics, and goals.