Contract Insights

Artificial intelligence (AI) is positively impacting organizations across a vast array of industries.  Developments in AI are proving incredibly valuable as they apply to contract management software systems.  Contract management AI can transform static documents into dynamic assets for better contract lifecycle management.  Here’s how to step into the future of contract management with powerful contract intelligence.

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.

When it comes to vendor management, efficiency and process unity are key.  A vendor management process that relies on disparate documents, spreadsheets, and emails for vendor key data, contract information, certificates of insurance, and performance data for vendor comparison may not cut it.  Such methods can leave organizations with a disorganized process that might lead to missed deadlines, failed compliance, insufficient payments, agreement breaches, and poor vendor selection.  Eliminate manual, time-consuming processes by successfully keeping track of what’s essential with vendor management software.  Here are three critical aspects of vendor management to track.

The benefits of leveraging CobbleStone Software for end-to-end contract management success do not dissipate once a user has become familiar with the software.  On the contrary, Contract Insight^® administrators can continue to enlist CobbleStone for help with career advancement and organizational growth thanks to a variety of supplemental tools that are readily available for continued development in the industry!  In this blog, we detail these six tools.