Contract Insights

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.  The well-known "track changes" tool in MS Word makes contract modifications and amendments easy to create, review, and accept or decline because of the redlining feature it provides.  However, version control becomes an issue when negotiating because both parties may be working on separate computers in different locations.  Documents get saved locally and can often get lost, resulting in more work for you or your counterparty.  To avoid possible issues like lost document versions and process bottlenecks, CobbleStone offers an integrated MS Word plug-in to keep the process simple for everyone.  

Learn how to use CobbleStone's MS Word utility tool in combination with their award-winning contract management software, Contract Insight®.  Users have full document version control and never have to save files to their desktop because everything is stored in Contract Insight.  Not to mention...CobbleStone's MS Word File Utility tool is FREE with our software!

CobbleStone’s contract management software, Contract Insight, provides system users with a searchable contract repository that makes finding information easy.  When contracts and related documents 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.

It is imperative to have proper communication methods in place in order to achieve contract management success.  One communication method is often not enough for a business to complete all tasks effectively as each one requires a specific type of communication.  Email is common for general business communication, followed by phone and sometimes text for more urgent situations. But, when working with a contract management software system filled with content like contract records, file names, account numbers, and more, it can be useful to have direct communication within the system to easily share links and refer to specific areas of the system.