Contract Insights

Let's be honest for a second: contracts are not the most glitzy, glamorous thing in the world. However, they are the backbone of any business, and if they're not managed well, they can quickly transform into a nightmare of missed deadlines, litigation headaches, and lost revenue. That's where a killer contract management team comes in. Think of each team member as a superhero of your business agreements, protecting you from risk and unlocking hidden value. This guide will walk you through how to build a team that not only manages your contracts but crushes it.

Utilizing manual sourcing methods - such as gathering item prices in spreadsheets, corresponding with prospective bidders individually via email, leveraging paper-based RFPs, and collecting numerous data separately from potential suppliers - can cause you to face a time-consuming challenge in sourcing quality and cost-saving goods or services.  Without the proper tools, sourcing professionals within your procurement team could fail to determine formal bids, RFPs, budget allowances, stock levels, current contracts, and contingencies in purchase order releases.  Fortunately, you can utilize the following seven essential eSourcing software tools for seamless source-to-contract management success.

CobbleStone® has released its latest software update - CobbleStone Contract Insight^® Enterprise Version 22.4.0. This new release offers refreshing contract lifecycle management software tools for continuous legal operations success! Read on to familiarize yourself with next-generation contract management software features and innovations to centralize your contract administration processes! Let's get right into it!

Did you remember to read all of our blog posts from January? Don't worry; we have outlined each of them for you. Stay up-to-date with industry topics, real-world case studies, and contract management software and procurement best practices in February by reading the latest CobbleStone^® content.