Contract Insights

Contracts serve as the keystone around relationships between companies, vendors, clients, and other stakeholders. However, a contract is only worth its performance.

Legal professionals need to understand and manage the contract performance process. This helps them protect their teams' interests, lower risks, and build better business relationships. As such, let's explore the contract performance process and some tips for enjoying better contract performance and monitoring.

Contract managers are under increased pressure to deliver value with reduced contract risks, decreased contract costs, and improved contract performance.  When you regularly measure progress and the success of contracts against contract management key performance indicators (KPIs), you can proactively readjust your contract strategy to ensure goal alignment drives critical and positive organizational impact.  Read on to learn how contract management software can help maximize three important contract management KPIs for success.

Collecting, analyzing, and tracking contract management data with manual and disparate processes throughout the contract lifecycle can prove challenging. You can waste time and energy without readily accessible contract management reports for the following.

• Contract Financials
• Contract Terms
• Workflows
• Budgets
• Key Performance Indicators (KPIs)
• Vendors
• Contract Compliance Data
• & Other Essential Contract Data

Fortunately, leading contract management software can provide you with contract reports for optimizing contract performance management oversight.

Do you manage contracts in a small to mid-size organization?  Or, do you manage a large amount of contracts and need a basic yet streamlined contract management solution for optimal control and oversight?  Regardless of the position or size of the organization you are a part of, contracts are integral to your organizational processes.  From client contracts to employee contracts - among many others - your organization’s contract management KPIs can be hindered by contract non-compliance, disorganized pre-award contract processes, missed contract renewal opportunities, and more without the proper contract management system in place.  Read on to to learn how CobbleStone’s Contract Insight Express Edition can streamline your contract administration processes with a user-friendly and highly-configurable interface.