Contract Management Software Benefits
Benefits of Contract Insight Software
Contract Insight - Benefits
CobbleStone has been selected by hundreds of leading organizations and thousands of users as their preferred contract management software and/or e-procurement software solution and will continue to be global leaders in our industry.
What is the definition of contract management?What is contract management and how does Contract Insight Software help? Contract management typically is the process of managing contracts and agreements including the request of a new contract, the drafting and creation the contract [including the terms, conditions and limitations between the parties], execution and signing of the contract, post execution management and monitoring, managing contractual operational and obligational performance, and reducing financial and operating risk. Organizations are under increasing amount of pressure to reduce contract related risks, reducing costs and improve performance. Read more below to learn how Contract Insight Contract Management Software has helped thousands manage their contracts better.
CobbleStone's Contract Insight software is:
- enterprise-class contract management software
- web-based and mobile contract management software
- configurable to meet specific business needs
- user-friendly (does not require IT intervention)
- robust (full contract life-cycle management)
- flexible configuration
- scalable from small to large-enterprises
- easily set-up and managed
- advanced contract software features
- built upon the latest technologies
Contract Insight offers unprecedented and highly recommended contract management software flexibility and functionality to help obtain a fast return on investment that can be calculated using our ROI Calculator.
Below are some beneficial features included in Contract Insight Contract Management Software:
- Multi-level Security to protect contract records and documents
- Track Contract and related Tasks and Milestones
- Contract Alert Notifications
- Contract Template Based Creation/Drafting with merging fields and clauses for enterprise customers
- Clause Library
- Track contract attachments with version tracking
- Custom & Ad-Hoc Searching/Reporting
- Flexible Workflow based on configurable rules
- Contract Value and Budget Tracking
- Contract Spend Tracking
- Track Key Contract Dates
- Advanced Calendar Notifications
- E-Mail Contract & Task Alerts
- Add Configurable User-Defined Fields
- Advanced Report Builder
- Legal Hold Management
- PDF OCR and document text searching
- Contract Version Tracking
- Configurable Management and User Dashboards
Reduce Contract Cycle TimeContract Lifecycle Management Software through CobbleStone Systems' Contract Insight solutions assist in eliminating common bottlenecks spanning the contract creation, negotiation, approval, and renewal/termination processes. The direct result from eliminating these potential bottlenecks is faster contract execution within your organization.
With Contract Insight CLM software, professionals can:Quickly create contracts within our systems' template manager that is fully integrated with MS Word with dynamic clauses. Easily set up contract templates with pre-approved language and leverage merging fields and clauses. Contract Lifecycle Management Software Features include:
- Contract Request Tracking
- Contract Approval and Workflow Task Processing
- Contract Drafting with Clause, Field and MS Word Integration
- Unlimited Field Placeholders
- Full Dynamic Clause Library
- Template creation with version control and approvals
- Version Comparison for MS Word docs and PDF Files
- Electronic signing options
- Contract Document Repository
- Contract Workflow approval with e-mail alerts
- Contract Compliance Tracking with advanced e-mail Alerts and tickler
- Vendor Contract Spend Tracking
Enhance Contract Review & Approval ProductivityNow more than ever, organizations and their employees are expected to do more with less. The benefits of CobbleStone Software provides for less mistakes, improved accuracy, and better monitoring. The Contract Insight solution doesn't just automate common contract management workflow processes, but it has the ability to streamline processes by eliminating steps altogether.
Real-Time Contract Risk VisibilityMany organizations have contracts scattered across varied business entities or in departmental systems, often locked in filing cabinets or can not be located or located on individual employee hard drives. With such time-sensitive data and critical information scattered and decentralized, the risks and potential business losses increase exponentially. The Contract Insight solution provides General Counsel, Sales Departments, Procurement, Compliance, IT and any other departmental entities or groups with instant access to every contract, committal or agreement needed through a central, unified contract repository.
Negotiate Profitable ContractsCobbleStone Systems' Contract Insight Contract Management Software offers real-time visibility on any and all existing committals and agreements. This real-time visibility provides a competitive advantage in negotiating new agreement terms and in consolidating committals and agreements with the best terms. Our solution provides a full featured contract creation/authoring utility to accurately and consistently create contract language and merge in contract details. By streamlining the contract authoring and negotiation processes, you and your organization can devote a greater quantity of time to focusing on unique and high-value aspects of your contracts.
Contract Contractual Obligation & Milestones SoftwareTraditional filing approaches taken by organizations all too regularly leave key contracts and information "forgotten" in massive stacks, cabinets or spreadsheets with important obligations missed. Our contract management software solutions extend beyond solely providing trigger-based alerts. With our sophisticated, yet simple to use workflow capabilities, your organization can ensure that its employees actually follow through on important items and reach critical contract milestones. Contract Insight Enterprise offers escalations, sequenced processes as well as tandem processes to ensure each of your obligations and milestones are met in the manner deemed necessary.
Cloud Contract Software
Cloud-Based Contract Software
CobbleStone Systems' Software-as-a-Service (SaaS) cloud hosted option provides your organization with rapid access to our robust, easy to use software at a fraction of the price compared to standard software licensing agreements. With low monthly fees and no large up-front capital expenditure, you and your organization gain access to a feature rich web-based application.
CobbleStone Software’s cloud solutions are fully managed, and require minimal to no hardware and software costs to your organization while reducing your internal IT management and support times. Your employees will be able to easily access desired information securely over the internet using only a standard web browser. Our hassle-free SaaS offerings provide enhanced security, availability and performance of your Contract Management Software, allowing your organization to realize increases in reliability, productivity, and Returns on Investment (ROI).
Your organization's effective and efficient use of time and money are streamlined through our cloud software solutions. Freeing up these two valuable organizational resources ensure your focus remains on your core business priorities.
The following items are key points that many organizations using our SaaS solutions faced during their decision:
- Top-tier cloud software without expensive start-up costs.
- Needing software solutions, not IT department additions.
- Requiring rapid Return on Investment (ROI) for software.
- Provide secure, anywhere, anytime access to the contracts and documents.
- Worry-free, hassle-free updates and upgrades and a solid Service Level Commitment.
- Rapid time to production
- Fast user adoption
- Superior and resilient cloud infrastructure
With a SaaS solution, your organization will be able to realize cost reductions, better cloud software return on investment and a lower technology footprint. SaaS solutions enable your organization to take advantage of enterprise grade software while reducing or eliminating costly needs that are inherent with these systems, such as IT infrastructure, third-party software, data integrity, data redundancy, disaster recovery, and IT personnel.
Cloud Software - Business Benefits
There are many business benefits a Cloud Software Solution can provide to you that organizations which have decided to adopt on-site applications and solutions often struggle to provide for themselves. Years of providing a SaaS solution to our clients has enabled CobbleStone Systems to effectively and reliably address a broad range of needs to organizations of all sizes.
CobbleStone Systems' fully managed SaaS solution remove the common IT barriers organizations face when attempting to implement contract management systems. Our comprehensive, end-to-end solution, Contract Insight, makes use of cutting edge technologies and methodologies. This allows us to offer organizations a secure and redundant system for mission critical data and information. Organizations can take advantage of secure anywhere, anytime access to their data using nothing more than a web browser and/or web-enabled smart phone.
Contact a CobbleStone Rep to learn more today!