Pharma & Life Sciences Excellence with Accelerated Contracting

By Sean Heck on 03/3/21

This blog post was updated on March 3, 2021.

Pharmaceutical and life sciences organizations have a lot on their plate.  Unfortunately, many organizations lack an efficient process to handle a myriad of contracts, clinical trials, promotions, supplies/goods, regulations, and compliance standards.  Consequently, these organizations may leave themselves unprotected from potential increased risk, delays, compliance violations, wasted time, and squandered revenue.  Here’s how to improve life sciences and pharmaceutical contract management with accelerated contracting and compliance management.

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Better HR Management: Employee OFAC Search Compliance With CobbleStone

By Elicia Neumann on 02/25/21

Reliable contract lifecycle management software with built-in OFAC search integration tools can streamline and centralize the process of ensuring employee compliance per the US Treasury’s Office of Foreign Assets Control.  Learn how your organization’s HR personnel can maximize CobbleStone Software’s OFAC search with intelligent national sanction compliance checks and risk analysis snapshots for staff.  Read this helpful blog – written by CobbleStone Software’s very own HR Administrator, Elicia Neumann.

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Mastering OFAC Compliance with Contract Management Software

By Mark Nastasi on 11/30/20

Vendor risk management can be daunting for risk management professionals and financial contract management teams.  In many cases, the process of sourcing a suitable vendor or partner is hard enough on its own.  However, a risk or vendor management professional must also understand a business's requirements and solicit vendors, contractors, and other partners to engage in business with to ensure they are qualified.  Add to the mix the financial responsibility of ensuring compliance under OFAC, or the Office of Foreign Assets Control, from the United States Treasury Department.  Clearly, the duties of reviewing the vendor onboarding process, agreement terms, and clauses can be a time-consuming set of tasks.  Leading contract management software, however, can streamline these processes with seamless OFAC search integration.  Read this blog by CobbleStone's Founder and Executive VP, Mark Nastasi, to learn how.

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OFAC Search Made Easy with Contract Management Software

By Sean Heck on 05/22/20

Vendor, customer, and employee compliance management are essential for organizations to maintain adherence to compliance standards, mitigate risk, and uphold their reputation.  However, as contract volume grows, it can be difficult for organizations to track the records of vendors, customers, partners, and employees regularly.  To achieve and maintain compliance, it is paramount that organizations, regardless of industry, remain aware of violations committed by entities they are performing business with.  Such violations include failure to adhere to economic and trade sanctions under The Office of Foreign Assets Control (OFAC).  Contract management software with intelligent national sanction compliance checks and risk analysis snapshots can help organizations to avoid these issues by providing them with a comprehensive and centralized OFAC search process.

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