Contract Insights: The Leading Resource for Contract Management & Procurement Professionals

What Is Contract Management in Procurement?

5 min read

CobbleStone Software explains contract management in procurement.

Procurement departments can encounter procurement workflow inefficiencies without the proper procure-to-pay tools – especially when implementing inefficient and disjointed contract management processes. You can avoid risk, unreasonable vendor pricing, and vendor non-compliance by leveraging contract management processes in procurement that centralize processes, technology, and people. Read on to discover how you can implement effective contract management software in procurement that results in maximized collaboration of various roles and responsibilities, cost savings, and more fruitful business relationships.

Topics: contract authoring Contract Lifecycle Management e-procurement eProcurement eProcurement Planning Contract Management Software procurement procurement and acquisition procurement contracts procurement management procurement process Procurement Software risk management contract risk eProcurement Software CLM Software contract spend

CobbleStone Software Blog Recap for February 2022

By Sean Heck on 03/3/22

3 min read

CobbleStone Software offers its blog recap for February 2022.

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

Topics: Ad-Hoc Reports Advance Reporting automated workflow contract administration system Contract Analytics Contract Lifecycle Management Contract Management Blog Recap contract workflow Custom Reports e-procurement e-sign E-signatures eProcurement eProcurement Planning eSignature Contract Management Software procurement procurement contracts procurement management procurement process Procurement Software Report Designer reports signatures workflow workflows Electronic Signature electronic signatures eSignatures Contract Reports & Analytics VISDOM AI Contract Artificial Intelligence contract management training contract management software training eProcurement Software Contract Management AI AI-Powered Contract Management Software AI-Based Contract Management Legal Workflow legal workflow automation Contract Management Workflow electronic signature software IntelliSign Contract Intelligence CobbleStone Contract Insight® contract creation management

5 Procurement Contract Management Best Practices to Blast Off in 2022

By Sean Heck on 02/28/22

5 min read

CobbleStone Software presents 5 procurement contract management best practices to succeed in 2022.

Recent developments in procurement process digital transformation have made it more possible than ever to streamline procurement contract management processes and blast off into the sky to robust procurement and contract management software processes. As such - if your organization is leveraging outdated procurement tools such as disparate spreadsheets, manual filing cabinets, a basic contract database, limited bid outreach, manually collecting bid responses via email, bottleneck-prone procurement contract management task management, disparate vendor management via emails, and others - you could suffer from failure to launch. Luckily, you can leverage a one-stop-shop solution for the processes mentioned above and more. To prepare for takeoff into positively transforming your strategy, here are five procurement contract management best practices to navigate 2022 and beyond with increased governance, procurement centralization, and ROI.

Topics: e-procurement eProcurement eProcurement Planning procurement procurement and acquisition procurement contracts procurement management procurement process Procurement Software

How To Overcome Procurement Challenges With eProcurement Software

By Sean Heck on 07/8/21

5 min read

CobbleStone Software details how to overcome procurement challenges with eProcurement software.

Procurement departments can encounter detrimental issues without the proper procure to pay software solutions. Improper procurement planning can bring about unnecessary risk, dark purchasing, deleterious data inaccuracies, harmful supplier issues, and a procurement cycle that is rife with bottlenecks. Procurement teams should not have to be bogged down by wasted time, missed opportunities, and misallocated procurement resources due to disorganized and lackluster procurement planning and execution. They can instead streamline and simplify the procurement process with procurement software as a service integrated with contract management software. Here's how to overcome procurement challenges by reaping the benefits of leading procurement software.

Topics: e-procurement eProcurement eProcurement Planning procurement procurement and acquisition procurement contracts procurement management procurement process Procurement Software eSourcing software Source-to-settle software eProcurement Software source-to-contract software