Contract Insights: The Leading Resource for Contract Management & Procurement Professionals

6 Mistakes in Contract Management To Avoid

By Sean Heck on 11/17/21

6 min read

CobbleStone Software explains 6 mistakes in contract management to avoid.

Contract management professionals of all types are in the age of digital transformation. Organizations need to correctly leverage contract management tools to adapt successfully. As with any practice, mistakes in contract management are quite possible. Contract management teams leveraging obsolete, manual methods are even more likely to commit CLM errors – resulting in contract lifecycle bottlenecks, missed key dates and milestones, and lost revenue. Mistakes in contract management must be avoided. Read this blog to discover six common mistakes in contract management – and how they can be evaded with the help of contract management software.

Topics: Agreement tracking CLMS Return on Investment contract authoring contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Lifecycle Stages contract repository contract tracking Contract Tracking Software contract writing contract writing solution e-sign E-signatures eSignature Maximize ROI with CLM signatures tracking CLM CLM ROI CLMS Electronic Signature electronic signatures eSignatures VISDOM AI Contract Artificial Intelligence Contract Management AI AI-Powered Contract Management Software AI-Based Contract Management document assembly document assembly solution CLM Software electronic signature software Contract Intelligence

5 Benefits of an Automated Contract Life Cycle Process

By Sean Heck on 10/20/21

4 min read

CobbleStone Software explains 5 benefits of an automated contract life cycle process.

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.

Topics: Agreement tracking compliance Contract Compliance Contract Compliance Software contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software contract tracking Contract Tracking Software Maximize ROI with CLM tracking CLM CLMS CobbleStone Software Integrations contract clauses CLM Software integration

The Responsibilities of a Contract Management Team

By Sean Heck on 09/22/21

7 min read

CobbleStone Software outlines the responsibilities of a contract management team.

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.

Topics: automated workflow compliance Contract Compliance Contract Compliance Software Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Management Solutions Contract Management System contract repository contract workflow Custom Reports reports risk management workflow workflows Contract Management Document Collaboration Contract Reports & Analytics contract risk records management system Contract Management Workflow contract collaboration risk response plan

3 IT Contract Management Best Practices To Streamline Your Process

By Sean Heck on 09/7/21

6 min read

CobbleStone Software provides 3 IT contract management best practices.

If you work within the IT industry, you may find that the management and oversight of a high volume of IT contracts of ranging complexity can require many moving parts. If your organization is taking on IT contract management with manual contract management methods - such as those involving many filing cabinets, decentralized spreadsheets, and scattered emails - your team runs the risk of facing wasted time, squandered revenue, costly mistakes, and missed opportunities (among other harmful consequences). Leave obsolete and damaging IT contract management methods in the past; tackle the following three IT contract management best practices with centralized and user-friendly contract management software.

Topics: Ad-Hoc Reports Advance Reporting contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software Custom Reports Report Designer reports CLM CLMS VISDOM AI Contract Artificial Intelligence Machine Learning Contract Management AI AI-Powered Contract Management Software AI-Based Contract Management CLM Software Contract Searching Contract Intelligence Quick Search