Reviewing contract risk can be time-consuming, challenging, and stressful. Manually assessing risk factors can cost an organization extra time and money while increasing the risk of inadvertent human oversights. While you can do your best to carefully track risk factors, including negligent clause language, it can prove challenging when dealing with multiple stakeholders and pressing deadlines. Read on to learn how three contract risk management tools proffered by contract management software can help protect your organization from the risks of poor contract management and, in some cases, your job.
2021 has already brought many enhancements and innovations to contract management automation - and contract management technology will not stop enhancing contract management processes any time soon. Your organization could be missing out on user-friendly and future-minded contract management system tools. As such, here is a list of four must-have contract management software features for a streamlined, simplified, cost-effective, and configurable process for increased ROI.
This blog was updated on April 15, 2021.
VISDOM® AI is CobbleStone Software's proprietary, AI based contract management engine with machine learning. VISDOM can simplify contract administration for a wide variety of industry professionals by unifying people and processes thanks to a seamless integration between AI and contracts. Learn the 4 main VISDOM features that can help contract management software system users maximize CobbleStone Software's acclaimed source-to-contract management software suite - Contract Insight® - in an evermore future-minded legal technology landscape.
Do you manage contracts in a small to mid-size organization? Or, do you manage a large amount of contracts and need a basic yet streamlined contract management solution for optimal control and oversight? Regardless of the position or size of the organization you are a part of, contracts are integral to your organizational processes. From client contracts to employee contracts - among many others - your organization’s contract management KPIs can be hindered by contract non-compliance, disorganized pre-award contract processes, missed contract renewal opportunities, and more without the proper contract management system in place. Read on to to learn how CobbleStone’s Contract Insight Express Edition can streamline your contract administration processes with a user-friendly and highly-configurable interface.