CobbleStone Software: Leading the Way with Award-Winning Contract Management Software
Princeton, NJ-based CobbleStone Software released its first highly configurable commercial contract management software in the 90s and has been continually innovating its contract management, eSourcing, eProcurement, and vendor management solutions. Due to the ever-increasing demand of CobbleStone’s celebrated, user-friendly contract management suite, CobbleStone has more than doubled its employees in the US and internationally over the last two years.
Today, they are the provider of Contract Insight® - a secure, AI-based contract management software.
At its core, Contract Insight is fully configurable and flexible. It provides users with better governance over their contracts via a user-friendly, easy-to-navigate contract management system backed by artificial intelligence and machine learning.
Contract Insight offers CIOs an exceptional opportunity to improve contract management ROI and assure that their vendor- and sales-related contracts meet compliance standards prior to signing. Contract Insight provides the foundation wherein contract management, legal, and procurement professionals can attain utmost accountability with the software’s streamlined and transparent workflow automation, advanced reporting and contract analytics, increased risk mitigation, and proactive opportunity identification.
From bid-tender management to contract signatures, including post-signature contract management and contract financial management features, CobbleStone’s solution is built to support full contract lifecycle management. CobbleStone offers a comprehensive suite of integrated solutions for electronic sourcing, electronic signatures and approvals, procurement, order/spend management, vendor management, and more.
‘Price is what you pay; value is what you get.’
CobbleStone Software abides by this quote from Warren Buffet when catering to their clients. “We believe in delivering a high-value product, and, most of all, our team is here for the customers when they need us most,” says Mark Nastasi, Executive VP and founder of CobbleStone Software.
A CobbleStone Software Success Story
In an airline industry case study, CobbleStone helped an airline client by providing a flexible solution that provided data fields for each contract type, the configuration of documents, templates, and clauses to meet their requirements, contract tracking, request processes with risk alerts, and approvals through Contract Insight’s workflow engine.
The software’s single, centralized repository supported postexecution contract management and tracking, which aided the client in legal discovery, risk management, and monitoring.
From DevOps to account management to implementation to customer service and beyond, our team has made a commitment to continually innovate in order to serve our clients
This secure document repository also helped with the final configurations for data warehousing capabilities that complied with SEC regulations with the tracking of steps, filings, and related obligations.
A Commitment to Serve and Innovate
To meet their users’ evolving needs, the CobbleStone DevOps team has been continuously integrating new features into Contract Insight, the latest being VISDOM® - CobbleStone’s proprietary artificial intelligence engine that provides easier contract creation, clause and term recognition, streamlined data auto-extraction, and machine learning. VISDOM AI operates as the engine within Contract Insight that processes data while mitigating data exposure and improving risk management with contract analytics. VISDOM integrates seamlessly with CobbleStone’s contract management, eSourcing, and electronic signature platform, IntelliSignSM, which helps the legal staff to draft contracts that include standard templates, clauses, and merged fields while quickly routing approvals and electronic signatures.
The CobbleStone software team has also added in-demand features such as MS Outlook and MS Word plug-ins to increase efficiency with writing and drafting contracts, an auto-extract engine, improved risk management, and dashboards for improved contract analytics and oversight.
Furthermore, CobbleStone has introduced a new flexible and robust Request module. With easy, web-based contract intake, the module offers a contract workflow engine that is configurable and flexible to support contract complexity and increasing document volumes to meet the needs of organizations in a multitude of industries.
“From DevOps to account management to implementation to customer service and beyond, our team has made a commitment to continually innovate in order to serve our clients,” states Nastasi.
Now and in the future, CobbleStone will continue to break barriers with its technology for artificial intelligence, drafting contracts with complex rules, online collaboration, contract management, and risk mitigation - from early in the lifecycle up until the risk is no longer causing exposure to an organization. To learn more about CobbleStone Software and Contract Insight, visit https://www.cobblestonesoftware.com or call 866- 330-0056.