Managing vendors with manual and disparate processes such as spreadsheets, phone calls, emails, and paper-based filing systems can prove challenging. Without a centralized electronic process, vendor management workflow bottlenecks can significantly decrease your organization’s profitability. Fortunately, leading-edge vendor management software can help increase your vendor profitability by leveraging cost-saving vendor management best practices. Read on to discover three vendor management best practices you can implement immediately to help increase your organization’s ROI.
This blog post was updated on May 13th, 2021. Its original publication date was February 4th, 2019.
Contract tracking can be a significant challenge for legal teams, procurement managers, contract managers, and other industry professionals. Manual contract management processes may suffice for organizations with low contract volume and contract complexity, but when the number of contracts increases to hundreds, thousands, and beyond, contract failure rates increase exponentially. Read on to find out how to master contract tracking with leading contract management software.
The end of the fiscal year is quickly approaching. As such, now is the perfect time for public organizations and government agencies to invest their remaining budget before it goes to waste. Discover why your organization or agency should use its remaining budget to invest in contract management software - whose leading-edge functionality and user-friendly tracking and reporting tools are the gifts that keep on giving, allowing your organization to proactively prepare for the next fiscal year-end and other important, recurring events and opportunities.
Manual and disparate vendor management methods - such as those involving phone calls, emails, paper-based filing systems, and spreadsheets can prove challenging and error-prone. Without the aid of a centralized, web-enabled process, vendor management workflow delays can stall productivity. Thankfully, future-minded vendor management software can positively transform your process with end-to-end vendor oversight. Read on to discover user-friendly, comprehensive, and unified vendor oversight from start to finish with CobbleStone Vendor Management Software.