Contract Insights: The Leading Resource for Contract Management & Procurement Professionals

What Is Contract Management in Procurement?

5 min read

CobbleStone Software explains contract management in procurement.

Procurement departments can encounter procurement workflow inefficiencies without the proper procure-to-pay tools – especially when implementing inefficient and disjointed contract management processes throughout parts of the procurement process. You can avoid risk, unreasonable vendor pricing, and vendor non-compliance by leveraging contract management processes in procurement that centralize processes, technology, and people. Read on to discover how you can implement effective contract management in procurement that results in maximized collaboration of various roles and responsibilities, managing cost effectively, and more fruitful business relationships.

Topics: contract authoring Contract Lifecycle Management e-procurement eProcurement eProcurement Planning Contract Management Software procurement procurement and acquisition procurement contracts procurement management procurement process Procurement Software risk management contract risk eProcurement Software CLM Software contract spend

The 8 Stages of the Contract Lifecycle

By Jamie Reedy on 05/20/24

4 min read

CobbleStone Software presents the stages of the contract lifecycle - including 8 for contract management.

Contracts are legally binding - and thus need to be executed properly. Legal teams should equip themselves with a thorough understanding of the contract lifecycle management process. The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - potentially - renewed.

The "lifecycle" is an archetype used to compartmentalize and understand a contract's complex evolution. The lifecycle begins with contract requests and concludes when these requests are fulfilled - with the possibility of managing contract renewal. Let's further explore the eight stages of the contract lifecycle below and how digital contract management software can help streamline your contracting processes.

Topics: CLMS Return on Investment compliance contract authoring Contract Compliance Contract Compliance Software contract life cycle management Contract Lifecycle Contract Lifecycle Management contract lifecycle software Contract Lifecycle Stages Contract Management Process contract negotiation Contract Stages contract writing contract writing solution e-sign E-signatures eSignature Contract Management Software Maximize ROI with CLM signatures CLM CLM ROI CLMS Electronic Signature electronic signatures eSignatures contract approval process contract renewals CLM Software electronic signature software IntelliSign contract requests legal requests Stages of the Contract Lifecycle The Stages of the Contract Lifecycle

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

Contract Drafting Made Easy With Contract Software

By Sean Heck on 11/28/22

4 min read

CobbleStone Software discusses how contract drafting is made easy with contract management software and contract drafting software.

Contract drafting is a multi-faceted and complex process. Document collaboration, contract authoring, negotiation, terms and conditions, and other relevant steps can be challenging. They are all the more challenging if you are relying on manual tools - such as shared drives and emails. Leave tedious, manual contract drafting methods in the past by embracing robust contract management software.

Topics: contract authoring contract drafting contract writing contract writing solution Document Collaboration document assembly document assembly solution concurrent document management Contract Drafting Software