Contract management software has many features and benefits to help contract and legal professionals track and manage the full contract lifecycle from initiation, or the request of a new contract, through drafting, review, approval, execution, and post-execution compliance tracking. Discover the top ten contract management software features that will help you gain control of your contracts and develop a better process.
CobbleStone at the 2019 NIGP Forum
NIGP: The Institute for Public Procurement hosted its annual NIGP Forum on August 25th – 28th, 2019 in Austin, TX. The NIGP Forum is considered the largest educational conference exclusively for public procurement in North America and is a great place for procurement professionals to connect and collaborate on overcoming common procurement challenges. CobbleStone attended the 2019 NIGP Forum and exhibited our leading contract management and eProcurement software to attendees. Discover key conference takeaways and hot session topics from the event.
Contract managers, contract administration professionals, and corporate legal teams struggle to show clear contract management ROI to executive leadership within their organizations. This struggle to show value is not isolated to one contract management challenge, but rather, it is a conglomeration of issues with manual contract management systems, lack of communication, and misaligned goals. For organizations managing hundreds or thousands of contracts each year, the bottom line can be hit from multiple angles from increased costs to decreased revenue to lost time to missed opportunities to increased risk. This article analyzes the root causes of missed ROI and presents a strategy to get the most value out of contracts.