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

Healthy Vendor Contract Management - 4 Simple Steps

By Sean Heck on 10/20/22

4 min read

CobbleStone Software explains healthy vendor contract management in four simple steps.

We would venture to say that all businesses from various industries in the public and private sectors need vendors. Vendor relationships help power business processes. Vendors can provide supplies, services, maintenance, and raw materials for generating products. As such, it is important that organizations maintain business relationships with third-party vendors.

Unfortunately – as is the case with most things – there is a right and a wrong way to go about vendor management.

Contract and procurement teams need to sidestep spend leakage, detrimental terms, and soured vendor relationships. On the other hand, proper vendor contract management can set the stage for positive growth and opportunity realization. Here’s how.

Topics: Vendor Contract Management Vendor Management vendors CobbleStone Vendor Management Software

7 Essential eSourcing Tools for 2023

By Joshua Hansen on 09/7/22

7 min read

CobbleStone Software showcases seven essential eSourcing tools for 2023.

Utilizing manual sourcing methods - such as gathering item prices in spreadsheets, corresponding with prospective bidders individually via email, leveraging paper-based RFPs, and collecting numerous data separately from pontential suppliers - can cause you to face a time-consuming challenge in sourcing quality and cost saving goods or services. Without the proper tools, sourcing professionals within your procurement team could fail to determine formal bids, RFPs, budget allowances, stock levels, current contracts, and contingencies in purchase order releases. Fortunately, you can utilize the following seven essential eSourcing software tools for seamless source-to-contract management success.

Topics: bids solicitation Vendor Contract Management Vendor Management eSourcing software source-to-contract software bid management

CobbleStone Contract Insight® 17.11.0: Master New Tools to Enhance CLM

By Sean Heck on 03/22/22

4 min read

CobbleStone Software introduces CobbleStone Contract Insight® Version 17.11.0 to help users master new tools to enhance CLM.

CobbleStone Software's latest version – CobbleStone Contract Insight® Enterprise 17.11.0 – has come, introducing next-level CLM features and enhancements for you to master to bring your contract management software platform to the next level!

Topics: contract authoring Contract Data Extraction Contract Insight contract negotiation contract security contract writing contract writing solution e-sign E-signatures eSignature Purchase Order Management Purchase Order Module Purchase Orders purchasing secure contracts security signatures Vendor Contract Management Vendor Management vendors Electronic Signature electronic signatures Document Collaboration eSignatures VISDOM AI Contract Artificial Intelligence Data Security Contract Insight® Software Updates Contract Management AI AI-Powered Contract Management Software AI-Based Contract Management purchase order software electronic signature software IntelliSign contract requests legal requests contract collaboration Contract Intelligence User Permissions Vendor Registration Vendor Registration Wizard Vendor Gateway concurrent editing CobbleStone Contract Insight® CobbleStone Vendor Management Software

What Is Vendor Management Software?

By Sean Heck on 03/4/22

3 min read

CobbleStone Software explains the benefits of vendor management software.

Vendor management efficiency is critical for organizations to reap the highest ROI from vendor relations. Unfortunately, many organizations still rely on vendor management methods that depend on costly pay-per-solicitations, unclear selection of the best possible vendors, tracking vendor insurance certificates manually, decentralized vendor management and contract management processes, and other deleterious procedures. Luckily, you can automate these processes and more with vendor management software. But what exactly is vendor management software? Let's improve your processes with integrated vendor management and contract management software.

Topics: Vendor Contract Management Vendor Management vendors Vendor Registration Vendor Registration Wizard Vendor Gateway CobbleStone Vendor Management Software