Contract Insights

Government contract management can be divided into three overarching phases: procurement and acquisition planning, the sourcing and award, and post-award contract administration.  The first two phases typically enjoy the most time, attentiveness, and financial investment.  However, the neglect of the third stage - post-award management - as a tertiary duty can leave your organization unsupported and en route toward needless compliance violations, increased risk variables, and missed opportunities.  It could be argued that the post award contract process is the most essential stage for your government organization, but it has notoriously been abandoned to insufficient visibility and a lack of allocated resources.  Read this article to learn how to face the challenges of post award contract management head on with an actionable post award contract management software solution.

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.

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.

As General Counsel, you hold a tremendous responsibility within your organization – especially with managing internal stakeholders and maintaining efficient processes with external stakeholders.  Relying on disparate and manual contract management processes such as spreadsheets, filing cabinets, emails, and shared storage drives can create an inefficient contract management process that can waste time, decrease revenue, and increase risk.  Read on to learn why CobbleStone Software’s acclaimed contract management software platform – Contract Insight® - is the top choice for your processes.

The health of the contract lifecycle relies upon efficient contract task management.  Manual methods for completing contract tasks relating to pre-award and post-award contract lifecycle management can be error-prone, inefficient, and tedious - potentially decreasing your organization's ROI.  Read this blog to learn how your organization can embrace streamlined and future-minded contract task management with AI-powered contract management software.

As a paralegal, working in a fast-paced environment with tight deadlines without the proper contract management software system can leave you stressed, disorganized, and overworked.  Manually assisting lawyers with contracts – including tasks such as coordinating communications with stakeholders, gathering wet signatures, managing disparate compliance materials, and manually tracking key dates and milestones – can present time-consuming and error-prone challenges.  Fortunately, CobbleStone Software can help unify people, process, and technology – streamlining contract lifecycle management.  Read on to learn how CobbleStone’s legal contract management software – Contract Insight® – can help paralegals achieve contract management success.

As a lawyer, you manage a variety of contracts that involve ranging stakeholders and processes.  Yes, you may have help from paralegals and legal assistants to coordinate the contract groundwork.  However, when it gets down to the nitty-gritty of negotiations, approvals, signatures, and post-award contract management processes, you need a trusted and streamlined system in place to grant you optimal control over your contact management process.  Read on to learn how you and your legal team can significantly improve legal contract management software procedures.

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.