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

How Do I Build My Contract Lifecycle Management System?

By Sean Heck on 04/9/21

8 min read

CobbleStone Software helps you to build your contract lifecycle management system.

Companies of all sizes within both the public and private sectors often find themselves maneuvering multiple contracts at once - with said contracts progressing at various stages of the contract lifecycle. As such, they must build an efficient, organized, and cost-effective contract lifecycle management process that helps with all stages of the contract lifecycle. Read on to learn how to get started building a strong and centralized contract lifecycle process - as well as how this undertaking can be significantly simplified and improved with the right strategy, rather than the cheapest and most manual.

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How Contract Management & Contract Lifecycle Management Differ

By Maria Votlucka on 03/25/21

4 min read

CobbleStone Software demonstrates the differences between contract lifecycle management and contract management.

This blog post was updated on March 25, 2021.

The terms "contract management" and "contract lifecycle management" may at first seem interchangeable. However, there are clear differences between the two. Organizations looking for opportunities to streamline contract processes, increase revenue, improve compliance, and maintain security must develop an understanding of the differences between contract management and contract lifecycle management so that - when the time is right - they can adeptly leverage contracts to achieve organizational goals and reach new heights in contract administration.

Topics: Contract Compliance Software Contract Cycle Time Contract Lifecycle Management contract repository Contract Management