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

Contract Termination - A Simple, 3-Step Approach

By Sean Heck on 11/29/23

4 min read

CobbleStone Software details a simple three step approach to contract.

Contract termination should involve rigorous financial analysis, contract performance data analytics, and the creation of a notice of termination. Unfortunately, contract termination involves tight deadlines and specific terms required to terminate a contract. Organizations need a strategy to identify contracts not meeting contract KPIs, write notices of contract termination, and secure proper contract closeout.

This article will show you how to implement this strategy readily with the help of contract management software.

Topics: Contract Analytics Contract Insight contract writing Contract Management Document Collaboration contract termination

Passing on Contract Analysis? You May Be Repeating CLM Mistakes.

By Sean Heck on 09/15/22

4 min read

CobbleStone Software explains why passing up contract analysis can lead to CLM mistakes.

The age of digital transformation has forged a path of opportunity for analyzing vital information to improve business processes. This phenomenon strongly applies to contract data as well. Unfortunately, many businesses managing contracts fail to maximize contract data points to learn from mistakes and improve contract processes. As such, they fail to reduce risk, optimize contract terms and language, proactively recognize growth opportunities, strengthen the contract review process, and more.

Thankfully, you can avoid falling victim to contract lifecycle process failure and stagnation with contract management software.

Topics: Contract Analytics risk management Contract Reports & Analytics contract risk AI-Based Contract Management Contract Review Contract Analysis

What Is a Contract Administration Plan?

By Joshua Hansen on 06/21/22

5 min read

CobbleStone Software defines and showcases a contract administration plan.

Contract administration can be a daunting process when relying on primarily manual tools - such as spreadsheets, shared drives, and disparate emails. Without accountability, visibility, and a clearly defined contract administration plan, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks. Read on to learn how you can create a strong contract administration plan with the help of leading contract management software.

Topics: contract administration system contract adminstration Contract Analytics contract life cycle management Contract Lifecycle Contract Lifecycle Management contract tracking Contract Tracking Software risk management tracking workflow workflows CLM Contract Reports & Analytics Contract Artificial Intelligence contract risk AI-Powered Contract Management Software financial contract management CLM Software Contract Management Workflow

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