A vendor agreement - an indispensable business contract - outlines the terms of the exchange of goods or services between a business and third-party vendors. This written agreement not only provides clarity of terms and conditions, but also protects both parties' interests. Here are the five essential elements every comprehensive vendor agreement should include for healthy vendor contract management, successful operations, streamlined contract lifecycle management, and increased ROI.
Healthy Vendor Contract Management - 4 Simple Steps
4 min read
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.
CobbleStone Contract Insight® 17.11.0: Master New Tools to Enhance CLM
4 min read
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
Continue Reading
What Is Vendor Management Software?
3 min read
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
Continue Reading
