While contract complexity and volume grow, navigating the contract lifecycle can feel like an evermore steep, uphill battle as organizations juggle inefficiencies, risks, and costly disputes. In the face of these challenges, understanding the landscape of contract lifecycle management becomes essential for driving strategic decisions and operational improvements. To that end, here are 20+ of the latest statistics, trends, and informed predictions in the contract management space.
Boost AI-Based Contract Negotiations With CobbleStone® Auto-Redlining
3 min read
The process of redlining contracts for contract negotiation can be challenging if done improperly.
Organizations that edit documents manually in Microsoft Word can increase the chances of human errors. What’s more, constant back-and-forth edits via emailed documents can result in version control mistakes and broken formats. Mission-critical clauses and sections can either be left out of a legal document or improperly positioned. Additionally, the amount of time spent on tedious, outdated redlining processes can result in lost revenue and opportunities.
Thankfully, your legal team can start saving time on the contract negotiation process with CobbleStone’s user-friendly auto-redlining tool - powered by VISDOM® artificial intelligence. Here’s how to leverage auto-redlining within CobbleStone Contract Insight® contract management software.
Topics:
Contract Management Features
VISDOM AI
Contract Artificial Intelligence
contract management software features
Contract Management AI
AI-Powered Contract Management Software
AI-Based Contract Management
Contract Intelligence
Contract Redlining
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CobbleStone Software Blog Recap for January 2024
3 min read
Topics:
contract administration system
Contract Lifecycle Management
Contract Management Blog Recap
Contract Management Software
CobbleStone Contract Insight®
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CobbleStone® Roadshow Training 2024: En Route to CLM Success
2 min read
CobbleStone Software introduces an interactive training experience exclusively for CobbleStone users and hosted by CobbleStone Contract Insight® experts. With virtual and in-person options, the program features small-group training sessions with CobbleStone experts and fellow System Admins - designed specifically for System Admins to drive their most optimal route toward contract management and eProcurement success!
