Energy-sector operations are multifaceted, highly regulated, and carry risk potential. Energy contract management software is increasingly helpful in the sector due to the industry's project complexity, compliance demands, and the high value of contracts. Let's discuss how contract lifecycle management for the energy industry can positively electrify the sector.
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Meet Melissa G., the Customer Success Lead at CobbleStone Software, who has been a member of the CobbleStone® family since June 2019. Recently, we interviewed Melissa about her experience at CobbleStone where she kindly shared some insights into her role as well as advice she has for those considering a customer service career in SaaS/contract management software.
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A contract amendment is a modification of the terms and conditions of a contract or subcontract. Though we will explore contract amendments more in-depth, it is worth noting that changing the structure, duties, obligations, or rights of a contract requires increased oversight. To that end, let's explore contract amendments and how disparate, important, and sensitive information can be managed, and contract amendments can be executed smoothly for effective contract management.
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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!
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Various industries such as banking, insurance, real estate, private equity, stockbroking, and venture capital make up the financial industry – all of which keep businesses of every sector seamlessly operating daily. Given the high-risk and high-value nature of the contracts they manage, the need for adherence to a variety of compliance regulations, and a critical necessity for contract security and accessibility, BFSI organizations are encouraged to leverage cutting-edge AI software for efficient contract generation, next-level security and visibility, and a holistic and unified compliance management system.
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Contract obligations are a foundational part of any contract. Without the performance of obligations, the terms and conditions of a contract are not met, resulting in a breach of contract. As such, each contract party's obligations should be easily accounted for without any oversights. Thankfully, future-minded and AI-powered contract management software can greatly support and simplify that process. To that end, here are three steps to detect contract obligations with contract intelligence.
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In this article, we delve into the top fifteen features to look for in contract negotiation software. We aim to help you make an informed decision that aligns with your business needs and enhances your contract management processes.
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Contract execution is a critical stage in contract lifecycle management. By this point, the terms of the contract have been negotiated. Parties involved have ensured that everything is understood and all necessary resources have approved the written agreement. From there, contract parties sign the contract to propel its execution. Given the importance of this stage of contract management, you should know what an executed contract is and its meaning. As such, here is a brief overview of contract execution.
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A vendor agreement - an indispensable business contract - outlines the terms of the exchange of goods or services between a business and third-party vendors. This written agreement not only provides clarity of terms and conditions, but also protects both parties' interests. Here are the five essential elements every comprehensive vendor agreement should include for healthy vendor contract management, successful operations, streamlined contract lifecycle management, and increased ROI.
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Now that you are caught up with our August articles, keep an eye out for our September 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!