Contract Insights

Establishing a bid process with which you can regularly receive optimal bid responses may seem like a daunting task.  However, it is quite achievable with the right steps and tools.  There are numerous simple ways to leverage scalable, cloud-based source-to-contract management software for streamlined RFP, RFI, and RFQ management, and better bid responses.  Here are six ways to get more quality bid responses from vendors.

When it comes to vendor management, efficiency and process unity are key.  A vendor management process that relies on disparate documents, spreadsheets, and emails for vendor key data, contract information, certificates of insurance, and performance data for vendor comparison may not cut it.  Such methods can leave organizations with a disorganized process that might lead to missed deadlines, failed compliance, insufficient payments, agreement breaches, and poor vendor selection.  Eliminate manual, time-consuming processes by successfully keeping track of what’s essential with vendor management software.  Here are three critical aspects of vendor management to track.

Did you miss any of our blog posts from May?  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 best practices by reading CobbleStone’s latest content. 

CobbleStone Software’s latest release, Contract Insight® Enterprise Version 17.6.0, has arrived with many new features and enhancements to improve your eSourcing and contract management software platform!