Contract Insights

Professionals engaging in the contract management process can find themselves facing a myriad of challenges.  Many of these challenges are born from a decentralized strategy and a lack of automated contract lifecycle management tools.  Read this blog to discover five common contract management challenges and five leading solutions to those problems.

CobbleStone Software's next software generation – CobbleStone Contract Insight® Enterprise Version 17.10.0 – has arrived, introducing next-level CLM features and enhancements to bring your contract management software suite even further into the new era of legal operations!

Did you miss any of our blog posts from October?  Don’t worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management and procurement best practices by reading the latest CobbleStone® content.

Contract management teams hold a lot of responsibilities throughout the life of a contract.  Streamlined and organized contract collaboration is key to CLM success.  Without a clear-cut understanding of how the contract process should occur, contract management teams can encounter unnecessary contract risk, contract lifecycle bottlenecks, and decreased revenue.  As such, we have outlined the responsibilities of a contract management team and how these responsibilities can be centralized and organized with leading contract management software.

Contract review is one of the most critical stages in the life of a contract.  Unfortunately, many organizations are using obsolete contract management methods.  Manual and entirely paper-based contract review methods can lead to missed key dates and deadlines, missed opportunities, costly and damaging contract language oversights, and other harmful consequences and contract lifecycle bottlenecks for your organization.  Luckily, this blog post will examine the contract review process – as well as how one can improve contract review with AI-based contract management software.

Successful contract management can dramatically increase revenue and organizational growth (among other things)…but unchecked contract risk can be disastrous.  Inadequate contract risk prevention measures can cost your organization money and time and result in costly and damaging instances of contract mismanagement - including negligent clause language and less than legitimate business associations.  To avoid these deleterious situations and more, your organization must forge and implement an ironclad risk response plan and stick to it.  You can get started with your powerful risk response plan with the aid of trusted contract management software.

Registering vendors with manual processes - such as with email, disparate filing systems, and spreadsheets - can prove challenging.  Without a centralized electronic process, vendor registration bottlenecks can significantly undermine productivity.  Fortunately, leading-edge vendor management software with a centralized vendor registration portal can streamline your end-to-end vendor management workflow with optimal oversight.  Read on to learn how CobbleStone Vendor Management Software’s "wizard"-based vendor gateway registration can supercharge vendor onboarding.

Manual and disparate vendor management methods - such as those involving phone calls, emails, paper-based filing systems, and spreadsheets can prove challenging and error-prone.  Without the aid of a centralized, web-enabled process, vendor management workflow delays can stall productivity.  Thankfully, future-minded vendor management software can positively transform your process with end-to-end vendor oversight.  Read on to discover user-friendly, comprehensive, and unified vendor oversight from start to finish with CobbleStone Vendor Management Software.