What Is a Contract Administration Plan?

By Joshua Hansen on 06/21/22

Contract administration can be a daunting process when relying on primarily manual tools - such as spreadsheets, shared drives, and disparate emails.  Without accountability, visibility, and a clearly defined contract administration plan, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks.  Read on to learn how you can create a strong contract administration plan with the help of leading contract management software.

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Contract Termination - A Simple, 3-Step Approach

By Sean Heck on 03/7/22

This blog post was updated on March 7th, 2021.

Contract termination should involve rigorous financial analysis, contract performance data analytics, and the creation of a notice of termination.  With tight deadlines and specific terms required to terminate a contract, organizations need a strategy to identify contracts not meeting contract KPIs, write notices of contract termination, and secure proper contract closeout.  This article will show you how to implement this strategy readily with the help of contract management software.

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CobbleStone Software Blog Recap for February 2022

By Sean Heck on 03/3/22

Did you miss any of our blog posts from February?  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 software and procurement best practices in February by reading the latest CobbleStone® content.

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4 Different Phases of Contract Management & How to Tackle Them

By Sean Heck on 01/14/22

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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