CobbleStone Software Press Room

CobbleStone Software Publishes Contract Performance Management Guidelines

Written by Sean Heck | 01/31/25

CobbleStone Software explains how to improve contract performance management.

 

PRINCETON, NJ (Jan. 31, 2025) - CobbleStone Software โ€“ a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrixโ„ข Report โ€“ is excited to share its transformative approach to optimizing contract performance. This strategy enhances compliance, mitigates risks, and drives insights into heightened operational efficiency.

As businesses must ensure contract obligations are met with precision for many contracts of ranging complexity, CobbleStone's latest insights break down contract performance management into understandable, strategic phases.

๐“๐ก๐ž๐ฌ๐ž ๐ฉ๐ก๐š๐ฌ๐ž๐ฌ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

  1. Pre-Performance Planning: "Let's review this contract."

  2. Initiation & Onboarding: "Time to group up and touch base."

  3. Performance Monitoring: "How is this contract process going?"

  4. Issue Resolution: "Find the dispute resolution procedures."

  5. Close-Out & Evaluation: "What can we learn from this contract?"

๐‚๐จ๐›๐›๐ฅ๐ž๐’๐ญ๐จ๐ง๐ž'๐ฌ ๐ฉ๐ซ๐š๐œ๐ญ๐ข๐œ๐š๐ฅ ๐ญ๐ข๐ฉ๐ฌ ๐Ÿ๐จ๐ซ ๐œ๐จ๐ง๐ญ๐ซ๐š๐œ๐ญ ๐ฉ๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐š๐ง๐œ๐ž ๐ฆ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐š๐ซ๐ž ๐š๐ฌ ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ฌ:

  1. Leverage Technology

  2. Train Internal Stakeholders

  3. Develop a Risk Mitigation Plan

  4. Monitor Regulatory Changes

  5. Create a Centralized Repository

  6. Establish KPIs for Performance

  7. Foster Strong Relationships

  8. Document Everything

Click here to really dig into CobbleStone's contract performance management strategy!

"Successful contract performance management is not just about contract execution and completion of obligations," says Bradford Jones, Vice President of Sales & Marketing at CobbleStone Software.

"It's about fostering stronger business relationships and maximizing value across one's holistic contract repository. Implementing a structured approach with the right technology allows organizations to ensure that contracts work for them, not against them."

Contact CobbleStone Software for a free demo.

For more information, email Sales@CobbleStoneSoftware.com or call 877-941-6238.

About CobbleStone Software:

CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution โ€“ CobbleStone Contract Insight โ€“ expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone's contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSignยฎ electronic signatures, more intelligent contracts with VISDOMยฎ artificial intelligence and machine learning, and more.

Follow CobbleStone Software on social media:

> LinkedIn
> X
> Facebook
> YouTube

To stay up to date on contract lifecycle management industry trends and news, subscribe to CobbleStone's Contract Insights blog.
View full post