A notable area in which AI has positively transformed is contract summarization. With the advent of AI-powered contract summarizers, legal operations teams can now optimize contract lifecycle processes like never before. In this blog post, let's explore five ways contract summarization with AI-backed contract management software can change the game of legal operations.
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As your business grows, so do your responsibilities - especially as they pertain to contracts. Contract volume and contract complexity grow along with your organization. As such, it can be easy to fall into the deleterious pitfalls of time-consuming contract mismanagement. Your organization will inevitably reach a point at which manual contract management processes - such as those involving disparate emails, spreadsheets, shared drives, data entry prone to human error, and manual wet signatures - no longer cut it. But change is a good thing, and you can get ahead of the damaging consequences of contract mismanagement due to a manual process. How? It's simple: automate contracts with contract management software.
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As organizations of all sizes evolve to manage evermore complex and numerous contracts, efficient contract management is crucial. Contracts are vital in establishing and maintaining business relationships, safeguarding legal rights, and maintaining compliance. However, managing contracts manually can be time-consuming, error-prone, and inefficient. That's where contract builder software comes into play. Let's explore seven ways a contract builder can meet your needs as you manage more and more complex contracts.
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What is contract management in the healthcare industry? What steps, tasks, and requirements are involved? What does your organization need to do to maintain proper healthcare contract management processes? What tools can your organization use to centralize and streamline healthcare contract management? Read on to discover how to take advantage of effective contract management in healthcare with leading contract management software.
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Contracts are an essential aspect of everyday business operations (and even everyday life in general). They govern myriad transactions and agreements – serving as the cornerstones of personal and business relationships. There are many different ways to categorize and compartmentalize contracts by type – including as unilateral and bilateral contracts. One of the most common types of contracts that appear in business settings is a unilateral contract. What is a unilateral contract – and why does it matter?
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Meet Malachi H., a Graphic Design Manager at CobbleStone Software that has been a member of the CobbleStone® family since May 2019. Recently, we interviewed Malachi about his experience at CobbleStone where he kindly shared some insights into his role as well as advice he has for those considering a graphics career in SaaS/contract management software.
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Annual planning is a crucial process for organizations of all sizes. It allows businesses to set goals, allocate resources, and define strategies for the upcoming year. By carefully analyzing past performances and trends, companies can make informed decisions and chart a course for success. As such, let's take a look at how to create an annual plan that alchemically turns strategic goals into gold!
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With new advancements and options for effective contract management continually evolving, we’ve detailed five essential contract management tools contract managers must empower themselves with to navigate the ever-changing landscape of contract management best practices going forward.
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We did it! CobbleStone Software has completed its widely anticipated million-clause project! The goal of this project (which has been met) was to nourish and enhance CobbleStone's industry-leading artificial intelligence engine with machine learning—VISDOM® AI. Let's discuss in more detail what the completion of this million-clause initiative means to contract managers and other business professionals using CobbleStone's award-winning contract management, eProcurement, and eSourcing suite, CobbleStone Contract Insight®.
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Now that you are caught up with our April articles be sure to keep an eye out for our May content. Never miss a blog post again, and let us notify you when new articles are published by subscribing to our blog! No time to read? Then check out CobbleStone's YouTube channel for exciting video content. Be sure to like and subscribe!
Discover why thousands of contract management professionals trust CobbleStone Software for their contract management, sourcing, and procurement needs. Book a free demo with a CobbleStone Contract Insight expert to learn more about CobbleStone's acclaimed contract management, eProcurement, and eSourcing software!