Contract Insights

In the wake of unpredictable circumstances such as the ongoing COVID-19 pandemic, your organization is more than likely allowing employees to work remotely.  No matter which relevant industry you are working in, you must be supported with a sufficient system in place for contract management, sourcing, and procurement operations.  To that end, we've assembled a list of five tips for maintaining remote contract management software process efficacy during the COVID crisis.

As a lawyer, you manage a variety of contracts that involve ranging stakeholders and processes.  Yes, you may have help from paralegals and legal assistants to coordinate the contract groundwork.  However, when it gets down to the nitty-gritty of negotiations, approvals, signatures, and post-award contract management processes, you need a trusted and streamlined system in place to grant you optimal control over your contact management process.  Read on to learn how you and your legal team can significantly improve legal contract management software procedures.

Managing various types of entertainment and media contracts from varying locations, often internationally, with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as postal mail, wet-signatures, filing cabinets, emails, shared network drives, and lengthy paper-based negotiations.  Dealing with and tracking a high volume of contracts – from intellectual property contracts to option agreements, among many others - can be tremendously challenging without the right contract management system in place.

Retail property management organizations often need to handle many different types of requests and contracts – including construction contracts, leases, rental agreements, retail management contracts, vendor contracts, maintenance agreements, property management contracts, and more.  With the need to handle numerous of contracts per year and support updated lease accounting standards, manual contract management processes may prove insufficient – potentially leading to contract lifecycle delays, missed key dates, lost revenue, unsatisfactory lease accounting, and wasted time.  These organizations need to leverage integrated contract management software for enhanced retail property contract management.  Here’s how.

In contract lifecycle management, efficient collaboration between stakeholders is a must.  Contract requests, renewals, and almost everything in between can involve many moving parts – with a high potential for inefficiency if adequate measures are not introduced.  In the interest of avoiding communication delays and contract lifecycle bottlenecks, organizations should leverage robust contract collaboration tools offered by leading contract management software.  Here are four steps to foster healthy and productive collaboration and expedite the contract lifecycle.

In the face of unforeseen circumstances, many organizations allow employees to work from home.  Professionals in a variety of industries must be supported with adequate tools to maintain contract management, procurement, and sourcing operations. CobbleStone Software’s Contract Insight^® can help your organization to continue with - and further enhance - effective source-to-contract practices.  This article will show you how.

CobbleStone Software’s leading-edge contract management software solution - CobbleStone Contract Insight® - allows users to centralize and navigate the contract lifecycle in one simple, configurable system.  The final stage of contract lifecycle management - contract signatures - can be streamlined with the use of eSignatures.  IntelliSign® - CobbleStone Software's proprietary electronic signature software tool -  significantly expedites and simplifies signing, tracks each step in the process, and can cut send-to-sign time by up to twenty percent.  Users can be notified when a contract is ready for signing through automated workflows and real-time status updates.  A seamless eSignature integration with Adobe Sign makes the process even easier!  Here's how.