Contract Insights

General Counsel and paralegals face growing contract volume and contract complexity.  The lack of an efficient legal contract management process can render obstacles that legal departments encounter nearly impossible to overcome.  As such, here's how to utilize legal contract management software for a shortened legal contract lifecycle.

The Financial Accounting Standards Board's – or FASB's – current ruling and guidance on revenue recognition - ASC 606 - may be important from both accounting and legal contract management standpoints.  The legislation applies to organizations required to report revenue as per FASB standards, organizations that have earned revenue over time, and organizations that have earned revenue when goods and services are delivered or performed.  Discover how leading contract management software – which assists many legal and accounting professionals - can help organizations remain compliant according to the FASB's Accounting Standards Codification (ASC).

CobbleStone Software will be presenting Contract Insight®, our award-winning contract management software, at the 2020 ACC Solutions Expo on July 29^th, 12:00 pm – 1:00 pm ET.  This one-hour session includes a demo followed by a Q&A networking session.  The Association of Corporate Counsel's Solutions Expo provides legal professionals with the chance to engage, network, and participate in legal solution presentations to better aid their organizations’ efficiency and effectiveness.

Legal departments face ever-increasing pressure to deliver contract value and streamline legal ops with shorter contract lifecycle times and improved contract performance.  Legal departments that regularly measure the efficacy of their contracts against KPIs can proactively calibrate their legal contract management process to improve organizational impact through goal alignment and goal attainment.  Discover four crucial legal department KPIs in this article.