Contract Insights

Vendor management in 2026 is more critical than ever. Increased third-party risk. Compliance changes. Far-reaching digital transformation. It's all cause for a shift in strategy. What's more, there are very real consequences to poor vendor oversight. Breaches and compliance failures could leave your organization's reputation and standing at risk. According to a 2024 study published by Prevalent, a whopping 61% of organizations reported a third-party breach or security incident in the past year¹. Thankfully, a robust strategy and vendor management software tools can help address modern vendor management challenges!

Vendor, customer, and employee compliance management are essential for organizations to maintain adherence to compliance standards, mitigate risk, and uphold their reputation. However, as contract volume grows, it can be difficult for organizations to track the records of vendors, customers, partners, and employees regularly. To achieve and maintain compliance, it is paramount that organizations, regardless of industry, remain aware of violations committed by entities they are performing business with. Such violations include failure to adhere to economic and trade sanctions under The Office of Foreign Assets Control (OFAC). Contract management software with intelligent national sanction compliance checks and risk analysis snapshots can help organizations avoid these issues by providing a comprehensive and centralized OFAC search process. This solution is CobbleStone Software

As a government contract manager, it's helpful to stay up-to-date with the latest government contract management, purchasing, and sourcing tools - especially as the industry keeps evolving through 2024 and beyond. 

Read on to discover six user-friendly government contract management software tools you can leverage to streamline your public contracting processes.

Contractual compliance management can be challenging when leveraging primarily manual methods, such as spreadsheet management – especially when tracking multiple contracts with varying compliance standards.  Fortunately, contract lifecycle management (CLM) software tools can help you retain contractual compliance.  Read on to discover how you can streamline three key contractual compliance management areas with leading contract management software.