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

3 Bad Procurement Examples That Can Negatively Affect Your Team

By Sean Heck on 03/7/23

3 min read

CobbleStone Software details three examples of bad procurement and how to avoid them.

The procurement process is a many-feathered bird that leaves a lot of opportunity for success. However – just as your organization can succeed on many fronts – so too can your team face common procurement challenges. Such challenges can result in costly pay-per-solicitation, limited outreach, redundant data entry, and association with vendors that can harm your organization with procurement fraud, scandals, product failure, and failure to deliver what was promised.

Thankfully, you can avoid these procurement pitfalls. Beware of these three procurement situations that can lead your organization down a bumpy road.

Topics: eProcurement Planning procurement management procurement process Procurement Software eProcurement Software

The Top 7 Procurement Tools for 2023

By Sean Heck on 03/1/23

6 min read

CobbleStone Software explains the top 7 procurement tools for 2023.

As we begin procurement month in 2023, procurement teams should maximize their goals. An ineffective procurement strategy can lead to increased risk, dark purchasing, data inaccuracies, supplier issues, and a longer purchasing cycle.

So stop wasting time, opportunities, and resources with an inefficient and ununified procurement process.

Discover how you can leverage 7 procurement tools within procurement software. Enable procurement teams to attain cost savings and eliminate time-consuming bottlenecks in 2023 and beyond for procurement process-flow success in 2023 and beyond.

Topics: eProcurement eProcurement Planning procurement procurement and acquisition procurement management procurement process Procurement Software eProcurement Software bid management

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