Organizations and their vendors often deal with a great number of invoices, POs, and other physical documents, resulting in numerous paper documents for just one service. Processing and managing these service agreements and associated files manually can be challenging and often results in duplicate billing, unclear payment deliveries, and more. With automated legal billing software, organizations and their vendors can eliminate these process challenges by providing both parties with a clear understanding of payment status, invoices received, and more.
Vendors can provide great results and poor results, depending on who you ask. Rating your vendors can help your organization determine the best vendors to select based on ratings from within your vendor management system. CobbleStone’s Contract Insight® software allows users to score vendors on specific categories like performance, on-time delivery, invoicing accuracy, and quality compared to other vendors in your system. Contract Insight rating scorecards are used to rate vendors and companies you do business with to help you make better decisions about which vendors to use in the future and what companies you have successfully or unsuccessfully conducted business with. Learn how to easily rate and review vendors in Contract Insight with this guide.
Before a contract becomes legally binding, both parties often take part in a formal negotiation process, creating a back-and-forth hassle in order to come to terms on the agreement. The well-known "track changes" tool in MS Word makes contract modifications and amendments easy to create, review, and accept or decline because of the redlining feature it provides. However, version control becomes an issue when negotiating because both parties may be working on separate computers in different locations. Documents get saved locally and can often get lost, resulting in more work for you or your counterparty. To avoid possible issues like lost document versions and process bottlenecks, CobbleStone offers an integrated MS Word plug-in to keep the process simple for everyone.
Learn how to use CobbleStone's MS Word utility tool in combination with their award-winning contract management software, Contract Insight®. Users have full document version control and never have to save files to their desktop because everything is stored in Contract Insight. Not to mention...CobbleStone's MS Word File Utility tool is FREE with our software!
CobbleStone’s contract management software, Contract Insight, provides system users with a searchable contract repository that makes finding information easy. When contracts and related documents are stored on shared drives it becomes difficult to find the correct document version and contract details because of limited searching capabilities and no audit trails. A searchable contract repository provides full transparency into document versions, updates, and related documents.