Contract Insights

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

Contract 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 remedy contract compliance management challenges.  Read on to discover how you can solve three contract compliance management challenges with leading contract management software.

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.

The contract lifecycle is a great way to categorize the steps of contract administration, from requests to renewals.  But how can you embrace legal operations digital transformation to automate the contract life cycle process?  Read this blog to find out.

There are many moving parts involved with a contract, and it can be easy for your organization and counterparties to get mixed up at some point in the process.  This is why a contract checklist is an essential part of the commencement of a contract.  Your organization can utilize a contract checklist as a contract roadmap.  Read this blog for an overview of a contract checklist – as well as what solutions your organization can leverage to navigate that contract checklist successfully.

Contract management teams hold a lot of responsibilities throughout the life of a contract.  Streamlined and organized contract collaboration is key to CLM success.  Without a clear-cut understanding of how the contract process should occur, contract management teams can encounter unnecessary contract risk, contract lifecycle bottlenecks, and decreased revenue.  As such, we have outlined the responsibilities of a contract management team and how these responsibilities can be centralized and organized with leading contract management software.

Tracking and retaining contract compliance 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 empower you to achieve contract compliance success.  Read on to discover how you can optimize contract compliance oversight with leading contract management software.

2021 has arrived, and with it comes new innovations to your contract management software processes.  Keeping this in mind, we have outlined six critical contract management tools that your organization should equip itself with to stay ahead of future-minded contract management best practices in 2021 and beyond.