Contract Insights

Managing contracts can be challenging for legal, procurement, and contract management professionals - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives.  Without leveraging the advantages of online contracts within a leading contract lifecycle management software platform, you can find yourself running into compliance issues and minimizing contract value – among other setbacks.  Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and strong online contract management processes.  Fortunately, leading contract management software can help streamline your online contract management process flow.  Read on to discover five key advantages of online contracts.

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.

Did you miss any of our blog posts from December?  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 2022 by reading the latest CobbleStone® content.

As contract management continuously evolves amidst constant digital transformation, you can find various ways to improve your processes.  Rather than fall behind with manual contract management processes that require disparate tools - such as email, spreadsheets, wet signatures, and postal mail – read on to see how you can improve your contract management processes with future-minded contract management software.

Gathering required signatures for contracts can prove challenging, especially when working with multiple signatories in various locations.  Considering signatures finalize contracts and propel their post-award execution, this highly anticipated step can be delayed with manual wet signatures and disparate signing processes.  Contract management best practices require leveraging speedy eSignatures for CLM process-flow success.  Read on to learn how eSignatures offered by contract management software can make online contract signing quick and easy.

Managing the contract lifecycle with manual processes can create contract management bottlenecks that waste time and energy.  Fortunately, you can automate contract lifecycle management with contract management software tools that can streamline each stage of the contract lifecycle.  Read on to discover how you can leverage the next best practice within our series by automating contract lifecycle management.

Did you miss any of our blog posts from November?  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 by reading the latest CobbleStone® content.

The first best practice in our Contract Management Best Practices series requires leveraging a centralized and secure contract repository.  Relying on manual and disparate systems - such as shared drives, emails, and spreadsheets – can cause you to fall into contract mismanagement pitfalls.  Discover how contract management software can empower you to leverage a centralized and secure electronic contract repository.