Contract Insights

Contract management software is an investment that can help organizations to gain control over their contracts, drive more value through contracting, and increase productivity and efficiency.  Additionally, it can improve transparency, reporting, compliance, and oversight - driving the the most value through comprehensive contract lifecycle management.  User-friendly solutions can be implemented quickly, and with leading providers like CobbleStone Software, implementors act as guides to help system administrators configure their Contract Insight^® system to meet their organizations’ needs. In this article CobbleStone's Training Manager, Nash DeVita, explains the importance of continuing contract management software education.

Revenue generation is the front line for all for-profit organizations.  The less efficient an organization’s sales team is, the less customers an organization will acquire; the less customers, the less revenue.  Most companies have goals oriented around maximizing revenue.  In order to maximize revenue, companies need to maximize their customer or client acquisitions.  The best way to help reach those goals is to have the most efficient sales team possible.  Contract Management Software can make any organization’s sales team more productive and more profitable by leveraging these tools:

Electronic signatures have been legally equivalent to handwritten signatures since Congress passed the ESIGN (Electronic Signatures in Global and National Commerce) Act in 2000.  With advances in encryption technologies, and the growing prevalence of the electronic marketplace, e-signatures are safer and more convenient than ever. 

The cynics of the past focused the argument around what electronic signatures were missing to be as acceptable as traditional signatures.  The debate has shifted to what efficiencies your organization is missing by not utilizing electronic signatures.

No matter what industry you operate in, no matter what the economic landscape is, and no matter where you do business, ROI is critical. Contract lifecycle management software helps organizations across the world see a real return on investment. It really is a beautiful thing- leveraging technology to help manage your organization at a lower cost.

How does a CLM product provide return on investment? The following acts as an incomplete list that shows the real ROI possibilities when choosing an industry leading contract management software solution: