Contract Insights

If your organization's payroll provider mishandles employee data, who is responsible? What are the next steps? Where do we go from here? Your data processing agreement (DPA) decides. But what is a DPA, and how do you write DPA clauses and agreements in a way that protects and strengthens business relationships? Let's explore that in this blog!

Summary / Key Takeaways

• Cybersecurity Awareness Month promotes online safety and digital resilience.
• CobbleStone Software offers secure contract lifecycle management (CLM) tools.
• Features include user-level permissions, SOC II hosting, and CMMC compliance.

As many businesses transition to cloud applications, Software as a Service (SaaS) has captured the pragmatic zeitgeist of modern operations. As with any new technological era, this shift has come with novel security challenges. Maintaining SaaS security is a critical business priority that multifold organizational resources should be invested in. To that end, let's dig deeper!

Successful contract management requires you to embrace a centralized and secure process.  Manual contract management methods - such as filing cabinets for paper documentation, shared drives, spreadsheets, emails, and disorganized digital storage – won’t cut it as your contract portfolio grows.  These methods make it nearly impossible for your organization to maintain version control, keep contracts and data secure, stay on top of key dates and milestones, and enforce contract archiving and retention rules.  Your organization can scrap these outdated methods in favor of something better.  As such, here are the benefits of a secure contract repository within leading, AI-powered contract management software.

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!

If your organization is planning on leveraging contract management software, it is crucial that your team is aware of how to oversee user permissions effectively.  The terms of many contracts necessitate user permissions parameters to be put in place regarding access to contract documents, files, field data, reports, and more.  Manually managing user permissions with methods involving spreadsheets or unsecured folders, access that must be approved or restricted via disparate emails or other decentralized communication, or the nearly impossible task of managing different levels and stages of access as the contract lifecycle ensues can leave your organization at legal and regulatory risk.  Learn how to mitigate such risk factors and more with cutting-edge contract lifecycle management software.

Contracts are a part of doing business. Whether we're referring to a contract with a supplier, an employee, or a business partner, every single contract must be created, recorded, and stored. Before automated contract management software became a viable option, businesses, education institutions, and other organizations had to rely on filing cabinets and other means to store these contracts.