Contract Insights

DBE supplier tracking becomes easier when the right tools are in place.

Whether you’re a local municipality, city, state, or federal agency, chances are you have a goal defined for awarding contracts to disadvantaged business enterprises (DBE). Government agencies operate on “good faith” that they will make the conscious effort to consider these businesses when awarding new contracts. The problem, like managing any other contract, is the work involved to ensure that all criteria is being met and certifications are processed.

Electronic signatures are not new to contract management, but you may be skeptical of the validity compared to a wet signature. Rest-assured, electronic signatures are just as binding as hand written signatures with the same legal clout. If you're stressed about contract deadlines and signature delays negatively impacting negotiations and your ability to close more deals, read on to find out how e-signatures can help your organization.

 CobbleStone is proud to announce that the 2018 CobbleStone Conference is happening this November 7th-9th in Philadelphia! With contract AI, machine learning, risk migration, and more, this conference is set to be our best one yet.

What is Sarbanes-Oxley?

The Sarbanes-Oxley Act (SOX) was an act that was passed in 2002 by the United States Congress to help protect investors from the likelihood of fraudulent accounting activities that were being done by different corporations. News had spread that corporate officials were filing misleading information about their financial statements and handing them over to their accounting firms after the well-known scandals. The firms that they were handing them over to were firms that they had a tight-knit relationship with and knew they would do them some favors. SOX was implemented to help standardize the accounting and contract management professions and turn bad back into good.