Contract Insights

Effectively managing tail spend now can save your organization headaches in the long run.

What is Tail Spend?

In an organization where there are outlined procurement procedures, roughly 80% of that organization’s total spend will be strategically managed through those guidelines. Those purchases are usually lead by an experienced purchasing professional who will thoroughly vet the potential vendors. They will ensure that the purchase is in compliance with company and industry guidelines, and, once work is awarded, the purchasing professional will continue to audit that relationship. They will make sure that the terms are being met as agreed upon and will continue to rate the vendors work to justify renewing the contract.

In our last post, we discussed two amazing benefits to switching to contract management software with CobbleStone. Manual contract management is a thing of the past. It adds unnecessary complications to your process and might even result in a loss of profits for your company. Here are three more benefits you will enjoy when you use our software to manage contracts:

Written by Chris Bejsiuk, Marketing/Sales at CobbleStone Software.

Do you remember the days when there wasn’t sufficient technology to make our jobs easier?

Everything on paper.  Office floors filled entirely of documents because people ran out of space - that is something I have actually seen with my own eyes.  Messy offices tend to lead to misplaced documents, which could lead to dire consequences like, say, lawsuits.

So when did a solution for all of this arise?

In 1995, CobbleStone Software was created, and came up with the answers.

Cloud-Based Contract Management benefits your company the most when talking about contracts.

Why?  It is the simplest and most secure way to share data and information with one another.

This is the age of technology, and there is no choice but to go along with it. What’s the saying, “if you can’t beat ‘em, join ‘em”?

Contract Insight™ offers the simplicity every company needs.