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How To Utilize AI for Contract Review Processes

By Sean Heck on 10/10/24

4 min read

CobbleStone Software touches on how to utilize AI for contract review processes.

Conversations about artificial intelligence in a business setting are important. According to a study performed by MIT Sloan Management Review, over 80% of organizations see AI as a vehicle for strategic opportunity. Additionally, 85% of organizations view AI as a means for competitive business advantages.¹

This interest in – and implementation of – AI applies to legal teams and other contract managers as well. Manually managing and reviewing an ever-increasing number of contracts of varying complexity is stressful and inefficient. But it does not have to be.

Organizations can improve contract review with AI-powered contract management software.

Topics: VISDOM AI Contract Artificial Intelligence Contract Management AI AI-Powered Contract Management Software AI-Based Contract Management Contract Intelligence Contract Review

What Is a Contract Amendment? How Can Contract Amendments Be Managed?

By Sean Heck on 08/21/24

4 min read

CobbleStone Software defines a contract amendment and how contract amendments be managed.

A contract amendment is a modification of the terms and conditions of a contract or subcontract.

Though we will explore contract amendments more in-depth, it is worth noting that changing the structure, duties, obligations, or rights of a contract requires increased oversight.

To that end, let's explore contract amendments and how disparate, important, and sensitive information can be managed, and contract amendments can be executed smoothly for effective contract management.

Topics: agreement database Agreement tracking contract database Contract Lifecycle Management contract repository Contract Software Solution data storage e-sign E-signatures eSignature lawyers Contract Management Software legal contract management legal contracts signatures Electronic Signature electronic signatures eSignatures Data Security records management system legal document management software electronic signature software IntelliSign legal technology document management legal operations secure contract repository contract signatures legal operations software contract signing eSignature Software Contract Review

How Contract Review Can Be Easy With CLM Software

By Sean Heck on 01/16/23

3 min read

CobbleStone Software explains how to improve contract review processes and related procedures with contract lifecycle management software.

Contract review is a crucial contract management stage. Unfortunately, far too many organizations overlook this process or leverage out-of-date methods that can increase unnecessary risk.

Thankfully, we can establish a contract review processes checklist and manage the life of a contract with leading contract management software. Let’s get started.

Topics: contract authoring contract negotiation contract writing contract writing solution e-sign E-signatures eSignature signatures Electronic Signature electronic signatures eSignatures contract clauses electronic signature software IntelliSign digital signatures digital signature software COI Tracking contract signatures contract signing eSignature Software Contract Review

Passing on Contract Analysis? You May Be Repeating CLM Mistakes.

By Sean Heck on 09/15/22

4 min read

CobbleStone Software explains why passing up contract analysis can lead to CLM mistakes.

The age of digital transformation has forged a path of opportunity for analyzing vital information to improve business processes. This phenomenon strongly applies to contract data as well. Unfortunately, many businesses managing contracts fail to maximize contract data points to learn from mistakes and improve contract processes. As such, they fail to reduce risk, optimize contract terms and language, proactively recognize growth opportunities, strengthen the contract review process, and more.

Thankfully, you can avoid falling victim to contract lifecycle process failure and stagnation with contract management software.

Topics: Contract Analytics risk management Contract Reports & Analytics contract risk AI-Based Contract Management Contract Review Contract Analysis