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The 8 Stages of the Contract Lifecycle

4 min read

CobbleStone Software presents the stages of the contract lifecycle - including 8 for contract management.

Contracts are legally binding - and thus need to be executed properly. Legal teams should equip themselves with a thorough understanding of the contract lifecycle. The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - potentially - renewed.

The "lifecycle" is an archetype used to compartmentalize and understand a contract's complex evolution. The lifecycle begins with contract requests and concludes when these requests are fulfilled - with the possibility of managing contract renewal. Let's further explore the eight stages of the contract lifecycle below and how contract management software can help streamline your contracting processes.

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6 Contract Compliance Mistakes You May Not Know You’re Making

By Sean Heck on 08/9/22

7 min read

CobbleStone Software details the 6 contract compliance mistakes you may not know you're making.

Contract compliance is crucial for the success of a contract – and sets the stage for contract renewals. Unfortunately, many organizations are (sometimes unwittingly) exposing themselves to financial risk, breaches of contract, and legal penalties. Contract compliance mistakes can lead to contract failure, data leakage, a shattered reputation, lawsuits, and more.

Contract managers need to know their mistakes in order to correct course. As such, here are six contract compliance mistakes you might not know you’re making.

Topics: compliance Contract Compliance Contract Compliance Software contractual compliance

Enhance Corporate Compliance and Risk Management With CLM Software

By Sean Heck on 04/7/22

5 min read

CobbleStone Software helps enhance corporate compliance and risk management,

Corporate compliance and risk management are critical for the success of a contract. Organizations need to be aware of potential exposure to financial risk, legal penalties, breaches of contract, and other risks while adhering to industry laws, government regulations, internal policies, and other compliance rules. Failure to do so can result in a lack of corporate compliance, contract failure, lawsuits, a compromised reputation, data leakage, and worse. Luckily, organizations can leverage leading contract management software to enhance corporate compliance and risk management. Here's how.

Topics: compliance Contract Compliance Contract Compliance Software risk management VISDOM AI Contract Artificial Intelligence contract risk Contract Management AI AI-Powered Contract Management Software AI-Based Contract Management Contract Intelligence risk response plan

4 Different Phases of Contract Management & How to Tackle Them

By Sean Heck on 01/14/22

7 min read

CobbleStone Software explains the 4 different phases of contract management and how to tackle them.

Contract management is a multi-faceted process. Without oversight over each stage in the life of a contract, your organization can suffer from process bottlenecks, missed contract obligations and tasks, wasted time, lawsuits, decreased revenue, and missed opportunities - to name a few. Fortunately, you can increase your ROI by better understanding approaching contract management. Here are the four phases of contract management and how to tackle them with contract management software.

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