Audit trails and compliance reporting aren’t just “nice-to-have” CLM features anymore—they are a deciding factor in how buyers evaluate contract lifecycle management platforms. When organizations compare CLM solutions, they are increasingly focused on whether a system can deliver immutable, field-level audit logs and audit-ready reporting that reduces time, risk, and effort during SOX and SOC 2 reviews. This blog examines that evaluation priority and what buyers should expect from a modern CLM platform.
Contract Compliance Tracking – an Airline Industry Case
5 min read
A Worldwide, Multibillion-Dollar Company Facing Increasing Contract Complexity
CobbleStone Software was approached by one of the leading airplane manufacturers, referred to as Company B (for confidentiality purposes), to help them better manage their contract compliance. The worldwide, multi-billion-dollar company has been managing contracts for decades, but their size, number of contracts, and contract complexity called for a modern contract management software solution.
Understanding How Sarbanes-Oxley Influences Contract Management
2 min read
What is Sarbanes-Oxley?
The Sarbanes-Oxley Act (SOX) was an act that was passed in 2002 by the United States Congress to help protect investors from the likelihood of fraudulent accounting activities that were being done by different corporations. News had spread that corporate officials were filing misleading information about their financial statements and handing them over to their accounting firms after the well-known scandals. The firms that they were handing them over to were firms that they had a tight-knit relationship with and knew they would do them some favors. SOX was implemented to help standardize the accounting and contract management professions and turn bad back into good.
