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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.

Topics: CLMS Return on Investment compliance contract authoring Contract Compliance Contract Compliance Software contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Lifecycle Stages Contract Management Process contract negotiation Contract Stages contract writing contract writing solution e-sign E-signatures eSignature Contract Management Software Maximize ROI with CLM signatures CLM CLM ROI CLMS Electronic Signature electronic signatures eSignatures contract approval process contract renewals CLM Software electronic signature software IntelliSign contract requests legal requests Stages of the Contract Lifecycle The Stages of the Contract Lifecycle

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

3 Key Contractual Compliance Management Areas To Streamline With CLM

By Joshua Hansen on 07/12/22

3 min read

CobbleStone Software showcases three key contractual compliance management areas to streamline with CLM software.

Contractual compliance management can be challenging when leveraging primarily manual methods, such as spreadsheet management – especially when tracking multiple contracts with varying compliance standards. Fortunately, contract lifecycle management (CLM) software tools can help you retain contractual compliance. Read on to discover how you can streamline three key contractual compliance management areas with leading contract management software.

Topics: Contract Compliance Contract Compliance Software risk management CLM VISDOM AI Contract Artificial Intelligence contract risk OFAC Contract Intelligence CobbleStone Contract Insight® contractual compliance

What is Contract Lifecycle Management?

By Sean Heck on 06/28/22

8 min read

CobbleStone Software explains what is contract lifecycle management.

Organizations of all sizes face the need to juggle multiple contracts simultaneously, with each contract being at a different stage of the contract lifecycle. Leading contract management software reduces risk, improves productivity, and maximizes a contract's value. But what is contract lifecycle management? Read on to find out!

Topics: Contract Compliance Contract Compliance Software Contract Lifecycle Management contract negotiation contract writing contract writing solution Contract Management Software CLM electronic signatures contract approval process contract renewals electronic signature software IntelliSign contract requests