Contract Insights

Did you miss any of our blog posts from April?  Don’t worry; we’ve outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and best practices by reading CobbleStone’s latest content. 

Should You Invest in Source-to-Settle Software?

Source-to-settle software makes eSourcing easy for you and your vendors to efficiently collaborate, and for your organization to have better transparency over bid responses, so you can award the best vendor based on your needs.  Learn how to turn an employee request into a sourcing record, invite vendors online to compete, then collect and score bid responses and promptly select and award the best supplier. 

Why School Systems Need Education Contract Management Software

Education contract management software provides users with a secure contract repository, contract templates and clauses, automated contract workflows and eApprovals, alerts and reminders, and more.  Discover features that can benefit you as an educational institution and learn how contract management software can help you take control of your contracts.

Contract Generation: Mastering Contract Management Series

Manual document generation is tedious, time-consuming, and error-prone.  Manual document assembly inadvertently puts organizations in the precarious position of facing significant compliance issues, risks, fines, or legal ramifications. It’s time to take control of contract generation. Learn how to transform your manual process.

How to Prepare for a Contract Management Conference

Whether you’re getting ready to attend your first work seminar, or you’re a long-serving conference attendee, be sure to follow this pre-conference checklist to get the most out of your next contract management conference experience.  A week-long seminar in an unfamiliar place can either result in an undesirable experience or the best experience, depending on whether you prepare in advance.

How to Evaluate the Best Contract Management Software

You’ve realized that, with the technology available today, you need contract management software in order to exceed contract management expectations and increase productivity.  There are many solutions on the market and you’ll need a plan for how to evaluate them.  Before starting your contract management software assessment, identify what is needed within your organization’s current process. 

Contract Renewals: Mastering Contract Management Series

Manual contract management processes involving spreadsheets, emails, and calendar reminders may suffice for organizations with a low volume of contracts. But, when organizations manage hundreds or thousands of contracts, challenges are revealed due to a time-consuming, error-prone, and inefficient manual contract renewal process.  Learn how to digitally transform your processes from contract generation to renewal. 

Why You Should Utilize Contract Workflow Escalation

You and your team may be 90% compliant with getting contract management tasks completed promptly, but sometimes workloads change, and you may not get to complete that assigned task by its due date.  Contract workflow escalations can help eliminate this challenge by having back-up individuals who can complete the task instead.

Contract Searching and Reporting in Contract Insight®

Contract Insight provides system users with a searchable contract repository that makes finding information easy.  When contracts are stored on shared drives, it becomes difficult to find the correct document version and contract details because of limited searching capabilities and no audit trails.  A searchable contract repository provides full transparency into document versions, updates, and related documents.

Storing Contracts: Mastering Contract Management Series

Storing contracts may involve filing cabinets, massive stacks of files and papers, overly-complicated shared drives, and emails.  This approach makes it nearly impossible to keep contracts secure, retain version control, stay on top of key dates, or enforce contract archiving and retention rules.  Storing contracts may sound like a simple task, but without a secure contract repository, organizations miss the critical element that can support their ability to have control over contracts, reduce risk, and improve performance. 

Implementor’s Story: Tracking Life Sciences Contract Amendments

A private life sciences company, dedicated to improving the quality of life in infants, was facing the challenge of tracking contract amendment data.  They were handling multiple amendments per contract, and there was no organization as to how amendments were tracked and stored.  Learn from this real-world example how they took control of contract amendments with life sciences contract management software.

Make Contract Negotiations Easy by Integrating With MS Word

Before a contract becomes legally binding, both parties often take part in a formal negotiation process, creating a back-and-forth hassle in order to come to terms on the agreement.  Version control becomes an issue, and documents get saved locally and can often get lost, resulting in more work.  To avoid possible issues like lost document versions and process bottlenecks, CobbleStone offers an MS Word integrated tool to keep the process simple for everyone.  

Contract Lifecycle Management Part 1: Mastering Contract Management Series

Contract lifecycle management requires a well-thought-out strategy, careful planning, and the right technology. Without all three elements, managing contracts will not only be challenging for contract, procurement, and legal professionals; it won’t be possible to get the most business value out of your organization’s contracts.  Learn how to master contract lifecycle management in this blog.

Now that you’re caught up with our blog, be sure to keep an eye out for our May content.  Never miss a post again, and let us notify you when new content posts, by subscribing to our blog!