Managing contracts can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on outdated processes. Managing the contract lifecycle from requests to renewals can prove challenging with spreadsheets, emails, filing cabinets, and other disparate tools and systems. Without accountability, visibility, a clearly defined process, and actionable insights, organizations can find themselves running into compliance issues, not realizing contract value, and encountering other setbacks.
The ever-present challenge that your organization’s General Counsel and paralegals encounter is the growing volume and complexity of contracts. A subpar legal contract management process makes obstacles for your legal department tough to overcome. Your team must establish a legal workflow that streamlines the contract lifecycle, reduces risk, and cuts delays and bottlenecks. CobbleStone’s Contract Insight® can help.