Reduce Contract Cycle Time
Contract Lifecycle Management through Contract Insight eliminates common bottlenecks across creation, negotiation, approval, and renewal/termination. The result is faster contract execution. Professionals can quickly create contracts within our systems’ Word-like editors or in Microsoft Word itself, by simply dragging and dropping clauses from the library of approved contract language. Our solution saves you additional time during negotiations with visual comparisons of text between versions.
Enhance Employee Productivity
Contract Insight doesn’t just automate common contract workflow processes, it can also streamline by eliminating steps altogether.
For example, sending a contract for financial approval could be based on criteria such as the contract value and type of contract. Depending on the information provided, tasks and information would be automatically routed to the necessary business people, rather than someone needing to intervene to review the contract and determine its next steps.
Real-Time Risk Visibility
Many organisations have contracts scattered, often locked in filing cabinets or hidden on employee hard drives. With time-sensitive data and information decentralised, the risks and potential losses increase. Contract Insight provides General Counsel, Sales, Procurement, Compliance, IT and any other department with instant access to every contract, committal or agreement needed through a central, unified contract repository.
Sustain Profitable Agreements
Contract Insight offers real-time visibility on existing committals and agreements. This provides a competitive advantage in negotiating new agreements and consolidating agreements with the best terms. Our solution provides fully-featured contract creation/authoring to accurately and consistently create contract language and merge details. By streamlining authoring and negotiation, you can devote more time to the unique and high-value aspects of contracts.
Timely Contractual Obligations and Key Milestones
Traditional filing approaches often leave information forgotten and obligations missed. Contract Insight goes beyond providing trigger-based alerts. With its sophisticated workflow capabilities, your organisation can make sure employees follow through on important items and reach critical milestones. Contract Insight offers escalations, sequenced and tandem processes to ensure this happens.
Easily manage ITTs and contracts
Contract Insight integrates with Cobblestone’s Tender Management Software, from New Tender to Resubmission/ Verification and tracking vendor performance. Most businesses regularly deploy invitations to tender (ITTs) to find the best supplier for a project. But ITTs requires a lot of admin, often involving manual processes, short timeframes and large volumes of documents. Chasing responses only adds to the headache. Four’s Tender Management Software reduces complexity and wasted effort. It’s easy to use and helps you meet compliance requirements, control risk and drive down costs.