As 2022 nears its midway point, 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 an eProcurement platform that also contains contract management software tools for procurement process-flow success in 2022 and beyond.
The Top 7 Procurement Tools for 2022
Topics:
eProcurement
eProcurement Planning
procurement
procurement and acquisition
procurement management
procurement process
Procurement Software
Vendor Contract Management
Vendor Management
VISDOM AI
Contract Artificial Intelligence
eProcurement Software
Contract Management AI
AI-Powered Contract Management Software
AI-Based Contract Management
bid management
contract requests
Contract Intelligence
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CobbleStone Software Blog Recap for February 2022
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
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5 Procurement Contract Management Best Practices to Blast Off 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 As such - if your organization is leveraging outdated procurement tools such as disparate spreadsheets, manual filing cabinets, a basic contract database, limited bid outreach, manually collecting bid responses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
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What Is 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.
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
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