Contract Insights

Over the last year, our clients - legal professionals - have expressed their seemingly increased workload for reviewing contract documents, negotiating agreements, and signing contracts.  Recently, I was asked: "When do you know it is time to hire a full-time legal professional for contract management and legal review?" Considering the innumerable times I've been asked this question, I resolved to write a thorough and thoughtful response as a blog that aligns with our audience of contract management software users and prospective CLM users as well.  Discover 5 steps to determine if you need to hire a full-time legal reviewer or paralegal.

Contract management is a multi-faceted process.  Without oversight over each stage in the life of a contract, your organization can suffer from process bottlenecks, missed contract obligations and tasks, wasted time, lawsuits, decreased revenue, and missed opportunities - to name a few.  Fortunately, you can increase your ROI by better understanding approaching contract management.  Here are the four phases of contract management and how to tackle them with contract management software.

Did you miss any of our blog posts from November?  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 and procurement best practices by reading the latest CobbleStone® content.

Contract management professionals of all types are in the age of digital transformation.  Organizations need to correctly leverage contract management tools to adapt successfully.  As with any practice, mistakes in contract management are quite possible.  Contract management teams leveraging obsolete, manual methods are even more likely to commit CLM errors – resulting in contract lifecycle bottlenecks, missed key dates and milestones, and lost revenue.  Mistakes in contract management must be avoided.  Read this blog to discover six common mistakes in contract management – and how they can be evaded with the help of contract management software.

Did you miss any of our blog posts from October?  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 and procurement best practices by reading the latest CobbleStone® content.

The contract lifecycle is a great way to categorize the steps of contract administration, from requests to renewals.  But how can you embrace legal operations digital transformation to automate the contract life cycle process?  Read this blog to find out.

Organizations in both the public and private sectors are experiencing an ever-increasing need to more efficiently manage their contracts as contract volume and contract complexity grow.  Each stage in the life of a contract becomes ever more critical as organizations embrace digital transformation to more effectively manage legal operations.  Before they can even begin to improve contract lifecycle management, organizations need to have a clear understanding of contract management objectives.  In this article, we provide a straightforward examination of the objectives of contract management - as well as how organizations can meet these objectives with user-friendly contract management software.

As your organization's contract management software processes evolve and mature, so too will the features of your CobbleStone® Contract Insight system.  Over time, you may update your processes, configurations, and - very likely - your CobbleStone users.  We at CobbleStone Software know that it can be a daunting transition for new contract software system users to jump into a live system - especially if those users are contract management system admins.  Luckily, we have your back!  CobbleStone offers numerous resources to get your organization's new users up to speed on all the features and functionality the system has to offer.  Regardless of your users' roles, CobbleStone can offer a training solution to fit your needs.