The company mentioned in this case study is a large industrial distribution company based out of the United States. Its mission is to help make customers’ jobs easier by lowering the total cost of operations and improving operational efficiency, productivity, and overall performance. Their services include inventory management, technical and product support, engineering services, eBusiness solutions, scanning solutions, and more. This company was founded in 1952 and has earned multiple awards and recognitions for their excellence since then.
The absence of an automated tool to track and report the RFP/RFQ statuses and a centralized tool for contract management
CobbleStone Software Contract Insight® Enterprise
The main challenge this company was facing was the absence of an automated tool to track and report on statuses of Requests for Proposals and Requests for Quotes (RFP and RFQ, respectively) as well as a centralized tool for contract management. The need to find a system that could house all contract related information and support regular approval status updates was urgent. Indeed, the lack of a robust contracting system can cause contract lifecycle bottlenecks such as missed key dates, lack of visibility, unclear approval routing, and storage limitations.
CobbleStone Contract Insight® was able to provide the company with the tools they needed to organize their tedious and inefficient contract management process. What made CobbleStone Contract Insight stand out to them was the ease of use and configurability. With CobbleStone Contract Insight’s advanced, AI powered system, they were able to securely store all of their contracts and have an efficient method of searching for contracts and tracking lifecycles. Other favored features included were the visually engaging user dashboards. Dashboards and reports can graphically display an overview of general contract information as well as various customizable and filterable areas of the RFP/RFQ opportunities.
...very impressed with the services that CobbleStone provided. CobbleStone’s organized and detailed training gives the big picture of how the application works. The implementation process and the use of the implementation planning resources has helped conceptualize and plan the necessary steps.
Since switching to CobbleStone Contract Insight, the company has streamlined their procedures significantly. With complimentary guided training and resources, this company is on the path to success by integrating CobbleStone Contract Insight for their business.
They were very impressed with the services that CobbleStone® provided. CobbleStone’s organized and detailed training gives the big picture of how the application works. The implementation process and the use of the implementation planning resources has helped them conceptualize and plan the necessary steps. This industrial distribution company enjoyed CobbleStone Software’s implementation process and the level of detail that went into software training.
CobbleStone Software is an award-winning, leading contract lifecycle management (CLM) software provider that has helped organizations within the public and private sectors achieve source-to-contract lifecycle management success for over twenty five years, and counting.
CobbleStone is among the first to offer a contract management software product, and our ever-evolving products are the result of years of client feedback and industry knowledge. Our mission is to provide the most robust yet user-friendly contract solution on the market. Our contract management and procurement solutions are designed to save your organization money while maximizing your productivity. We’ve been selected by thousands of users worldwide from a vast array of industries. Our products have received acclaim from users and third-party analysts alike.
CobbleStone Software offers SaaS and on-premise (client-deployed) contract management software to help organizations boost revenue, reduce costs, and mitigate risk. CobbleStone Contract Insight CLM software empowers organizations to efficiently manage their contracts from requests through renewals - including with the help of leading-edge eSourcing and eProcurement tools.