Contract Insights

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.

Is your current vendor COI tracking (certificate of insurance tracking) process time-consuming?  Ununified?  Tedious?  Error-prone?  Well, you can leave tiresome and detrimental COI tracking methods in the past by leveraging leading vendor management software to easily track and manage vendor data and vendor contract data on a centralized, user-friendly, and organized platform.  Read on to learn how.

Why do you trust your software provider?  Is there any specific criteria by which you measure a software system’s trustworthiness in protecting sensitive and confidential data such as PCI (payment card information), PII (personally identifiable information), employee information, client details, vendor data, and vital contract data?  With increased risk of data and security breaches, especially during such uncertain times as these, you should be confident that your information is stored on a trusted platform.  Read on to learn how to use such a trusted platform, along with the importance of SOC compliance.

As was detailed in our recent blog on CobbleStone’s PC Helper App for MS Outlook, contract generation is a multi-faceted process.  A unified procedure for contract collaboration, contract writing, and contract negotiation can be hard to come by.  The “track changes” feature that comes with MS Word out of the box can help make the contract negotiation process easier with redlining.  However, version control issues can arise when contract stakeholders work on different computers in disparate locations.  In turn, documents that are saved locally can easily get lost – potentially resulting in more work for involved contract stakeholders.

To avoid issues such as lost document versions and contract lifecycle bottlenecks, CobbleStone Software’s latest release of its celebrated contract management software – Contract Insight® 17.7.0 – offers a PC Helper App that seamlessly integrates with MS Word. Here’s how to use that functionality.

Due to unforeseen challenges caused by the COVID-19 pandemic - and in the interest of CobbleStone's partners', clients', and employees' safety - CobbleStone has postponed its in-person Austin, TX user conference tentatively until late 2021 and will now be hosting a virtual user conference on January 20^th and 21^st from 1 pm to 5 pm ET on each day.

The strength of an organization’s contract lifecycle hinges on a healthy contract strategy.  An ironclad contract procedure helps departments within an organization come to a universal adoption of contract processes that improve contract performance.  A contract strategy that leverages leading contract management software equips organizations with advanced tools for organized, cost-effective, and efficient contract management.  As such, here is how organizations can employ a winning contract strategy for future-minded, AI-based contract management.

Due to the COVID-19 global pandemic, and in consideration of the health of CobbleStone clients, partners, and employees, CobbleStone’s user conference will transition to a virtual, fully-digital two-day event.

Artificial intelligence (AI) is positively impacting organizations across a vast array of industries.  Developments in AI are proving incredibly valuable as they apply to contract management software systems.  Contract management AI can transform static documents into dynamic assets for better contract lifecycle management.  Here’s how to step into the future of contract management with powerful contract intelligence.