Contract Insights

CobbleStone attended NY Tech Summit 2019 on June 5^th through June 7^th as a contract management software exhibitor.  The event was focused on hot IT topics and trends and offered a collaborative experience. Our exciting days consisted of breakout sessions, roundtables, keynote speakers, and networking opportunities at the Oneida Indian Nation’s Turning Stone Resort and Casino located in the heart of upstate New York.  If you didn't have a chance to attend NY Tech Summit 2019, I’ve outlined some key takeaways in this article.

The IT Industry is facing unprecedented challenges with digital transformation.  Whether you’re an IT service provider, CIO, CTO, or work in a corporate IT department, the future state of your organization is weighing heavily on your team.  To future-proof and take control in the face of stringent compliance requirements, security threats, and privacy and data breaches, IT professionals must be able to respond effectively to organizational change, technological advances, cybersecurity demands, and behavioral, legal, and regulatory compliance requirements.

Virtually every organization in every industry has contracts to manage.  More than ever, there are increasing opportunities to drive value with the contract management process by improving communication, negotiation, conflict resolution, leadership, and technical capabilities with the right contract management tools.  Each contract manager’s challenge is to get buy-in on contract process improvement initiatives.

Organizations that make data-driven decisions position themselves for long-term success. Their culture, tools, and abilities are centered around the common goal of collecting quality data and analyzing it quickly and accurately to make informed business decisions. When managed effectively, quality contract data translates to contract analytics, providing the insights necessary for organizations to decrease contract cycle times with sharpened control, governance, and visibility. Learn how to turn contracts into a pivotal source of business intelligence that supports strategies, tactics, and goals.