Contract Insights: The Leading Resource for Contract Management & Procurement Professionals

What Is a Contract Administration Plan?

5 min read

CobbleStone Software defines and showcases a contract administration plan.

Contract administration can be a daunting process when relying on primarily manual tools - such as spreadsheets, shared drives, and disparate emails. Without accountability, visibility, and a clearly defined contract administration plan, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks. Read on to learn how you can create a strong contract administration plan with the help of leading contract management software.

Topics: contract administration system contract adminstration Contract Analytics contract life cycle management Contract Lifecycle Contract Lifecycle Management contract tracking Contract Tracking Software risk management tracking workflow workflows CLM Contract Reports & Analytics Contract Artificial Intelligence contract risk AI-Powered Contract Management Software financial contract management CLM Software Contract Management Workflow

Is It Time to Hire a Full-Time Legal Reviewer or Paralegal?

By Mark Nastasi on 03/21/22

5 min read

CobbleStone Software offers a step-by-step guide to decide when to hire a full-time legal reviewer or paralegal.

Over the last year, our clients - legal professionals - have expressed their seemingly increased workload for reviewing contract documents, negotiating agreements, and signing contracts. Recently, I was asked: "When do you know it is time to hire a full-time legal professional for contract management and legal review?" Considering the innumerable times I've been asked this question, I resolved to write a thorough and thoughtful response as a blog that aligns with our audience of contract management software users and prospective CLM users as well. Discover 5 steps to determine if you need to hire a full-time legal reviewer or paralegal.

Topics: Contract Management Solutions Contract Management System Contract Management Software legal contracts Maximize ROI with CLM paralegal CLM Software Legal Workflow legal technology legal operations

Contract Management and Negotiation - A Delicious Recipe for Success

By Sean Heck on 01/28/22

5 min read

CobbleStone Software explains the recipe for contract management and negotiations success for better contract lifecycle management.

As a contract management professional, you must be able to cook up a deliciously low-friction contract negotiations process. However, without a centralized and organized system for contract negotiations, you can end up burning the meal for all contract lifecycle management stakeholders at the table. But fear not: leading contract management software can be the secret ingredient to a savory, delectable contract negotiations process. Read on to learn how.

Topics: contract authoring contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software contract negotiation contract writing contract writing solution CLM CLMS Document Collaboration document assembly document assembly solution CLM Software document management concurrent document management

4 Different Phases of Contract Management & How to Tackle Them

By Sean Heck on 01/14/22

7 min read

CobbleStone Software explains the 4 different phases of contract management and how to tackle them.

Contract management is a multi-faceted process. Without oversight over each stage in the life of a contract, your organization can suffer from process bottlenecks, missed contract obligations and tasks, wasted time, lawsuits, decreased revenue, and missed opportunities - to name a few. Fortunately, you can increase your ROI by better understanding approaching contract management. Here are the four phases of contract management and how to tackle them with contract management software.

Topics: CLMS Return on Investment compliance Contract Analytics contract authoring Contract Compliance Contract Compliance Software contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Lifecycle Stages contract negotiation contract writing contract writing solution e-sign E-signatures eSignature Maximize ROI with CLM signatures CLM CLM ROI CLMS Electronic Signature electronic signatures Document Collaboration eSignatures Contract Reports & Analytics contract approval process contract renewals document assembly document assembly solution CLM Software electronic signature software IntelliSign contract requests legal requests contract collaboration