Contract Insights

As business technology evolves, organizations must take inventory of how they will most fully embrace said technology. This fact applies to contract managers as well. Contract management professionals need to evolve their digital transformation goals as time passes, and legal technology grants them more efficiency, incredible innovation, and significant ROI. To that end, here are six digital transformation goals for contract managers in 2025 to improve customer experience, client relations, business outcomes, and more on their digital transformation journey.

Technology has brought expediency and efficiency to a myriad of business processes. However, some contract management solutions fall short in this regard (that is, they fall short of true digital contracting). Pushing web-based contract documents between resources and enhancing collaboration is a start, but true digital contracting moves beyond the status quo of a document-first approach that is untraceable, unactionable, and slow. But how do organizations move on from the disjointed movement of digital documents and embrace a data-first, data-driven, and truly integrated approach to contract lifecycle management (CLM) designed for the modern contract management professional? Read on to discover the benefits of digital contracting for legal teams and anyone else involved in the contracting process.

In the grand galaxy of business operations, contracts serve as the gravity that supports the harmonious orbit of organizations, business partners, vendors, employees, and clients – spinning together in a vast cosmos of opportunity. However, managing contracts’ essential components in the pre-digital age of contract history was often a Herculean task - filled with countless man-hours, mountains of paperwork, and the potential for harmful human error.

Enter the era of digital contract management – a revolutionary epoch that has transformed the previously-laborious contracting process into a streamlined, efficient, and even fun experience. Let’s take flight into the future of legal ops: digital contract management.

You have likely heard the term “digital transformation” in a professional context. This term has become ever more prevalent since the start of the COVID-19 pandemic. Digital transformation initiatives have been leveraged to transform business processes and business outcomes.

But what is digital transformation really – and why does it matter? Read on to find out!

CobbleStone Software’s Executive VP and Founder, Mark Nastasi, narrows down his top eight items of recommendation to help you lead your legal digital transformation in 2022.

Did you miss any of our blog posts from October?  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.

Contract redlining can prove to be a tedious process during negotiations. Coordinating with stakeholders during the contract redlining process using siloed processes such as MS Word documents with tracked changes, email communications, and shared drives can further delay contract negotiations.  Read on to learn how you can leverage future-minded contract redlining tools that centralize people, processes, and technology in a robust contract management software suite to help automate legal operations for contract lifecycle management success.

As legal operations processes and legal technology standards evolve, it is important that organizations adapt accordingly.  As contract complexity and contract volume grow, the fact that manual and outdated methods of contract management will no longer suffice is quickly elucidated.  As such, organizations working with contracts must embrace digital transformation to increase revenue, decrease contract lifecycle management bottlenecks, and succeed in this ever-changing technological landscape.  Read on to learn about the nature of digital transformation - and how digital transformation with contract management software can help organizations to seamlessly navigate the future of legal operations.