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

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

5 Benefits of an Automated Contract Life Cycle Process

By Sean Heck on 10/20/21

4 min read

CobbleStone Software explains 5 benefits of an automated contract life cycle process.

The contract lifecycle is a great way to categorize the steps of contract administration, from requests to renewals. But how can you embrace legal operations digital transformation to automate the contract life cycle process? Read this blog to find out.

Topics: Agreement tracking compliance Contract Compliance Contract Compliance Software contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software contract tracking Contract Tracking Software Maximize ROI with CLM tracking CLM CLMS CobbleStone Software Integrations contract clauses CLM Software integration

The Responsibilities of a Contract Management Team

By Sean Heck on 09/22/21

7 min read

CobbleStone Software outlines the responsibilities of a contract management team.

Contract management teams hold a lot of responsibilities throughout the life of a contract. Streamlined and organized contract collaboration is key to CLM success. Without a clear-cut understanding of how the contract process should occur, contract management teams can encounter unnecessary contract risk, contract lifecycle bottlenecks, and decreased revenue. As such, we have outlined the responsibilities of a contract management team and how these responsibilities can be centralized and organized with leading contract management software.

Topics: automated workflow compliance Contract Compliance Contract Compliance Software Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Management Solutions Contract Management System contract repository contract workflow Custom Reports reports risk management workflow workflows Contract Management Document Collaboration Contract Reports & Analytics contract risk records management system Contract Management Workflow contract collaboration risk response plan

Contract Obligations Oversight With Contract Management Software

By Sean Heck on 07/26/21

3 min read

CobbleStone Software provides contract obligations oversight.

Contract obligations are – to put it simply – the contractual commitments that parties involved in a contract have agreed to entirely satisfy. Successful contract obligation management requires organizations to ensure that they have met the obligations agreed upon in a contract in a timely manner. Unfortunately, manual contract management methods can make the contract lifecycle – which includes contract obligations – confusing, disorganized, decentralized, and almost impossible to handle properly. As such, key dates, milestones, payments, deliverables, and more can be missed. Thus, organizations should avoid the pitfalls of contract management by ditching manual and outdated contract administration processes in favor of robust, user-friendly contract management software.

Topics: compliance Contract Compliance Contract Compliance Software contract life cycle management Contract Lifecycle Contract Lifecycle Management Contract Lifecycle Stages tasks contract obligations