The 8 Stages of the Contract Lifecycle

    By Jamie Reedy on 12/13/23

    reading-minutes-icon-one-color 4 min read

    Contracts are legally binding - and thus need to be executed properly.  Legal teams should equip themselves with a thorough understanding of the contract lifecycle.  The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - potentially - renewed. 

    The "lifecycle" is an archetype used to compartmentalize and understand a contract's complex evolution.  The lifecycle begins with contract requests and concludes when these requests are fulfilled - with the possibility of managing contract renewal.  Let's further explore the eight stages of the contract lifecycle below and how digital contract management software can help streamline your contracting processes. 

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    Contract Lifecycle Automation - End-to-End CLM Efficiency

    By Joshua Hansen on 12/14/22

    reading-minutes-icon-one-color 4 min read

    Managing contracts can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on manual processes.

    Managing the contract lifecycle can prove difficult with spreadsheets, emails, filing cabinets, and other disparate tools.

    Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and holistic contract lifecycle automation processes.  Thankfully, robust contract management softwarewith a foundation of AI and machine learning can help automate contract lifecycle management processes.

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    CobbleStone Contract Insight® 22.1.0 - A Refreshing CLM Experience

    By Sean Heck on 10/27/22

    reading-minutes-icon-one-color 5 min read

    CobbleStone Software's latest version – CobbleStone Contract Insight® Enterprise 22.1.0 – has arrived for a refreshing contract lifecycle management experience!

    Read on to acclimate yourself with next-level CLM features and innovations to bring your contract management software platform into the future of legal operations!

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    Contract Lifecycle Process Failure - An Investigation

    By Sean Heck on 09/22/22

    reading-minutes-icon-one-color 8 min read

    Oh no!  It happened: contract lifecycle process failure.  Something went wrong during contract lifecycle management - resulting in contract failure.  But fear not; as a contract management professional, you are a worthy investigator.  It is time to put on your detective hat, grab a notepad, and piece together the clues as to why your contract lifecycle process failed.  You can also inspect how this tragedy could have been avoided with contract management software.  Let the investigation begin!

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