Complimentary Hackett Contract Lifecycle Management Report 2024

Complimentary Report:
Contract Lifecycle Management (CLM) and Intelligence Software Provider Perspective

The Hackett Digital World Class Matrix^™ September 2024

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The SPARK Matrix Contract Lifecycle Management Report assessed 16 cloud contract lifecycle management software providers against 11 key capabilities.

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The Hackett Group’s research focused on 21 contract lifecycle management (CLM) and intelligence solution providers from a rapidly expanding and evolving set of AI-enabled CLM offerings in the market.

The key capabilities analyzed for CLM-focused contract lifecycle management include

♦ Contract Intake and Master Data

♦ Contract Creation and Authoring

♦ Collaboration and Negotiation

♦ Contract Compliance and Risk

♦ Contract Analytics

♦ Contract Intelligence and Automation

Download the report to find out CobbleStone’s position in the Digital World Class zone.

Key findings and insights from the Hackett Group CLM World Class Matrix Report 2024 include the following.

▪ The average CLM implementation drove a 63% improvement in contracting efficiency and automation.
▪ Contract cycle times improved 35% on average through a combination of intelligent automation, optimized workflow, and improved visibility.
▪ 89% of customers were very satisfied to extremely satisfied overall with their CLM solution and the value for their investment.

"CobbleStone’s contract management software and extended procurement feature set delivers intelligence, data visibility, and is a favorite with companies in heavily regulated industries. CobbleStone stood out with customers for generating value for the money, overall satisfaction and process efficiency gains."

Christopher Sawchuk, Principal and Global Procurement Advisory Practice Leader, The Hackett Group

Leading Contract Management Features

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Next-Level Contract Management

CobbleStone Contract Insight^® Enterprise centralizes contracts, agreements, committals, risk documents, and obligation records. Leverage organizational process automation and integrate seamlessly with mission-critical applications. Start authoring, managing, and tracking enterprise-wide contract documents virtually anywhere, anytime from most devices.

Contract Request Tracking

Our powerful contract request engine facilitates the submission of new and renewal contract requests. Collect and configure important contract data fields, attach and review important contract documents, route approvals via flexible workflow, monitor contract approvals, e-mail reminders, approve contract requests, and convert requests to a contract record without losing or re-keying data.

Collaborate with Counterparties

Easily collaborate with vendors, customers, and business partners. Securely share documents, negotiate, obtain electronic signatures, and send bulk signature invitations. Track contract expectations and performance with user-friendly charts and grids. Proactively manage risk across the organization with VISDOM^® artificial intelligence.

Contract Reporting & Analytics

Contract analytics and reporting are built into CobbleStone Contract Insight Enterprise. Create contract monitoring reports based on key contract dates, financials, and data fields with e-mail reporting included. Automated alerts remind team members of upcoming contracts, high-risk vendors, compliance reports, and more so you never miss a key date or lose a contract, again.