The Top 3 Contract Management Technology Trends of 2022

By Sean Heck on 04/12/22

This blog was originally published on September 15th, 2021.

The world of contract administration has evolved drastically in recent years.  Given the ongoing COVID-19 pandemic and the embrace of digital transformation over obsolete legal operations methods, organizations must embrace automated contract management software tools that support remote contract collaboration and intelligent workflow automation.  As such, here are the top three contract management technology tools that organizations should leverage.

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6 Ways Contract Creation Software Can Improve Your Contracting Process

By Sean Heck on 03/28/22

Contract creation is a multi-faceted process.  Without the proper procedures, your organization can suffer from increased risk, drawn-out contract lifecycle times, and missed opportunities - among other deleterious consequences.  Contract documents and data stored on spreadsheets, email servers, and shared drives alone can result in lost contract documents and versions.  Back-and-forth contract drafting via email can result in slow collaboration times and unclear document versions.  An inadequate clause management process can result in the wrong clauses being included in contracts and missed opportunities.  Wet contract signatures can result in long send-to-sign times and costly postage expenses.  What's more, risk can increase, resulting in lost revenue, data leakage, lawsuits, and more.  Fortunately, you can leverage contract management software to avoid sending your contract creation process into a tailspin.  To that end, here are six ways contract creation software can improve your contracting process.

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CobbleStone Contract Insight® 17.11.0: Master New Tools to Enhance CLM

By Sean Heck on 03/22/22

CobbleStone Software's latest version – CobbleStone Contract Insight® Enterprise 17.11.0 – has come, introducing next-level CLM features and enhancements for you to master to bring your contract management software platform to the next level!

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Contract Termination - A Simple, 3-Step Approach

By Sean Heck on 03/7/22

This blog post was updated on March 7th, 2021.

Contract termination should involve rigorous financial analysis, contract performance data analytics, and the creation of a notice of termination.  With tight deadlines and specific terms required to terminate a contract, organizations need a strategy to identify contracts not meeting contract KPIs, write notices of contract termination, and secure proper contract closeout.  This article will show you how to implement this strategy readily with the help of contract management software.

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