Contract Insights

Contract negotiations - if handled incorrectly - can be inefficient.  This holds especially true when organizations rely on paper-based processes and disparate emails.  If your organization needs a more rapid, robust, user-friendly, and streamlined process, consider leveraging a web-enabled concurrent document editing solution.  Cloud-based contract negotiations can exponentially expedite your pre-execution contract lifecycle management procedures.  Read on to learn how you can leverage CobbleStone Software's seamless integration of its contract management software suite - Contract Insight® - with Microsoft Office 365 for online concurrent document editing and rapid contract collaboration with enhanced oversight.*

Companies of all sizes within both the public and private sectors often find themselves maneuvering multiple contracts at once - with said contracts progressing at various stages of the contract lifecycle.  As such, they must build an efficient, organized, and cost-effective contract lifecycle management process that helps with all stages of the contract lifecycle.  Read on to learn how to get started building a strong and centralized contract lifecycle process - as well as how this undertaking can be significantly simplified and improved with the right strategy, rather than the cheapest and most manual.

This blog post was updated on April 1st, 2021

In our previous Contract Insights blog, “Contract Lifecycle Management Part 1: Mastering Contract Management Blog Series,” we discussed common contract lifecycle management tasks and processes that challenge organizations - and how these challenges can negatively impact contract lifecycles.  In this conclusion to that blog, we detail the reasons organizations should implement contract lifecycle management - as well as the core functionality that should be leveraged for the most powerful contract management software experience.

This blog post was updated on March 30th, 2021

Contract lifecycle management requires a thorough strategy, careful planning, and the right technology.  Without all three elements, managing contracts can not only be challenging for contract management, sourcing, procurement, vendor management, and legal professionals; it can prove difficult to maximize contract value.  Contracts require tremendous pre-award and post-award investment.  Without a suitable contract management system in place, you can find it difficult to maximize ROI.  Too many organizations are missing end-to-end contract management that provides a clearly defined process, actionable insights, and accountability - ultimately negatively impacting productivity, profitability, risk exposure, and compliance.  Read on to learn how you can master contract lifecycle management.