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Mark Nastasi, EVPFounded in 1995, CobbleStone Software is a global leader in best-of-breed enterprise contract lifecycle management (CLM) and eProcurement software. From kinder garden to post-secondary education, educational systems can enhance their contract management processes with CobbleStone Software's CLM solution. “CobbleStone Contract Insight, our novel AI-enabled contract management software, provides all leading CLM software functionalities that educational institutions and systems need,” says Mark Nastasi, the EVP of CobbleStone Software.
Built on the foundation of contract intelligence with machine learning, Contract Insight helps schools streamline their contract management processes with secure and feature-rich contract repositories, maximized financials and budget oversight capabilities, comprehensive contract lifecycle management, and intelligent workflow automation. By leveraging Contract Insight, institutions can maintain operational visibility across departments, centralize contract and document storage, and implement security measures to uphold compliance and data security. The platform helps them proactively oversee contract financials, budgets, and analytics while optimizing and streamlining the contract lifecycle from requests to renewals. More importantly, CobbleStone Contract Insight goes beyond just a simple contract management solution. It seamlessly integrates education contract management with other crucial processes, including vendor management and procurement management. An excellent example is the solution's ability to integrate contract management with better bid tender eSourcing. Here, source-to-contract management may be streamlined, as clients can now easily approve and advertise bids, leverage line item bids with online comparisons, oversee their vendor bid responses online, simplify online bid rating & scoring and convert solicitations to contracts on a centralized platform.
CobbleStone also offers integrated contract and vendor management, helping institutions with online vendor collaboration gateways for registrations, unified vendor contracts and agreements, online supplier reporting, and seamless bid advertisements. Furthermore, by integrating contract management with purchase order management, Contract Insight delivers the perfect tools for unified tracking of spend, purchase orders, and inventory. CobbleStone provides highly configurable templates with line item details and automated workflow with purchase approvals and supplier catalogue item management.
Such a robust solution has helped CobbleStone glean a legion of clients over the years. The company worked in liaison with SUNY Upstate Medical University in Syracuse, NY. Affiliated with the State University of New York, their mission is to improve community health and wellness through education, biomedical research, and healthcare. SUNY's mission was, however, hindered by their tedious contract and vendor management processes, which struggled with the tracking processes, storage and sharing of contracts, and communication of up-to-date request status. It often took upwards of three calls for employees to even determine the identity of the contacts and requestors, the progress of the contract process, and the time to completion. To help them, CobbleStone deployed its Contract Insight Enterprise platform at their facility, creating significant improvements in their operations. Needless to say, SUNY has remained a satisfied client for over six years, right from the initial implementation success to the ongoing EdTech CLM support.
CobbleStone Software is embracing the new age of legal operations digital transformation by expanding its tools for automating and streamlining contract redlining. The company continues to build upon the success of its robust, AI-based contract management platform to further automate contract redlining and other contract lifecycle management stages for maximum ease of use and efficiency within the contract lifecycle. “We’re hosting a virtual, complimentary educational contract management master class for legal, contract, and procurement professionals to help launch into the future of contract lifecycle management success – secure your spot Mark Nastasi today,” concludes Nastasi.
In addition to such success stories, there’re several reasons that CobbleStone Software has garnered nearuniversal acclaim from thirdparty analysts and clients as a leader in contract lifecycle management software. Having a configuration-first approach enables it to build contract lifecycle management systems according to clients’ unique needs with low friction and high ROI. It is no surprise then that CobbleStone Software is a byname for its customer service, attentiveness during implementation, training, and customer support—all of which is made possible by its readily-available support resources, process centralization, dedicated teams, and easy to access guides, videos, and Wiki. The company integrates with mission-critical, external applications to unify CLM processes with many others so that clients can enjoy an all-in-one platform for various business processes at colleges, universities, school systems, and other government, healthcare, and legal firms/ organizations.
CobbleStone Contract Insight, our novel AI-enabled contract management software, provides all leading CLM software functionalities that educational institutions and systems need
CobbleStone Software is embracing the new age of legal operations digital transformation by expanding its tools for automating and streamlining contract redlining. The company continues to build upon the success of its robust, AI-based contract management platform to further automate contract redlining and other contract lifecycle management stages for maximum ease of use and efficiency within the contract lifecycle. “We’re hosting a virtual, complimentary educational contract management master class for legal, contract, and procurement professionals to help launch into the future of contract lifecycle management success – secure your spot Mark Nastasi today,” concludes Nastasi.
CobbleStone Software Releases Guide on the Three Contract Management KPIs for Success
Wednesday, May 24, 2023
PRINCETON, N.J. : CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ report – has launched a brand new guide that highlights the importance of maximizing contract management KPIs (key performance indicators) for success.
This guide covers the following 3 KPIs:
1. Contract Efficiency
2. Contract Efficacy
3. Contract Risk
Regularly measuring the success of contracts against contract management KPIs can proactively readjust contract strategy to ensure goal alignment drives critical and positive organizational impact.
Click here to read the full guide!
“Because maximizing contract management KPIs proves paramount to contract managers' strategic impact within their organizations, we are excited to equip contract mangers with this informative guide," says Bradford Jones, Vice President of Sales and Marketing at CobbleStone Software.
“With all of the innovative features and tools that CobbleStone Contract Insight® offers, contract managers can really explore their options.”
Contact CobbleStone Software to schedule a free demo.
CobbleStone Software Recognized as a Leader in IDC MarketScape for Contract Lifecycle Management Software
Tuesday, August 01, 2023
PRINCETON, NJ: CobbleStone Software – a recognized trailblazer in their field – has been acknowledged for their advanced and industry leading CLM Software features in a recent IDC MarketScape Report*.
IDC, in addition to conducting a thorough analysis of the company and its overall system, has highlighted the distinctive strengths that set CobbleStone apart from its competitors in the same industry. The following strengths have been acknowledged:
1. Ease of Customization
2. Overall User Experience
3. Customer Support Responsiveness
Mark Nastasi, the Founder & President of CobbleStone Software, expresses his commitment to providing business professionals with a software system that genuinely enhances contract lifecycle management. He appreciates that IDC has been able to capture the essence of their mission.
To learn more and witness the software's capabilities, interested parties can contact CobbleStone Software to schedule a free demo. For additional information, they can reach out via email at Sales@CobbleStoneSoftware.com or call 866-330-0056.
CobbleStone Software Ranked in 30 Innovative Brands of the Year 2024 by The Silicon Review
Thursday, January 11, 2024
CobbleStone Software has been recognized by The Silicon Review for its industry-leading innovation, rooted in a proven track record of consistently evolving its AI-backed contract lifecycle management software solution.
PRINCETON, N.J., -- CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ 2023 Report– was named among the 30 Most Innovative Brands in 2024.
CobbleStone® is recognized for their industry-leading flexibility and features designed to meet clients' organizations unique needs. These features have made CobbleStone a distinguished global leader in contract management software.
The Silicon Review highlights CobbleStone's million-clause initiative as a part of what makes them one of their 30 Most Innovative Brands. This initiative is focused on developing their VISDOM® AI engine with a library of over one million common clauses.
The goal is to create a system that can intelligently analyze, sort, and provide insights into a vast number of clauses, enabling users to streamline their contract creation and overall lifecycle management processes. By utilizing machine learning, natural language processing, and named-entity recognition, CobbleStone's clause recognition and clause library processes are simplified, complete with auto-redlining.
"We are honored to be recognized in such an powerful listing and are excited to continue to offer future-minded solutions to business professionals," says Bradford Jones, Vice President of Sales and Marketing at CobbleStone Software.
CobbleStone Software Releases FAR and DFAR Oversight Feature Enhancement in Version 22.2.0
Tuesday, June 18, 2024
CobbleStone Software has recently enhanced their FAR and DFAR oversight feature in their latest software update, Version 22.2.0.
PRINCETON, N.J., -- CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – continues to provide exciting and innovative tools and features to legal professionals.
The Federal Acquisition Regulation (FAR) and the Defense Federal Acquisition Regulation (DFAR) are clauses that outline specific rules and regulations dictating government contracting. These rules and regulations apply to both contractors and the government and must be adhered to.
"This feature assists in cultivating a seamless and productive contract management process for legal professionals dealing with contractors and government procedures. Resourceful tools such as this establish CobbleStone as an Industry Leader," - Mark Nastasi, EVP & Founder of CobbleStone
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FAR and DFAR clauses are vital for both contractors and the government as they promote fair and transparent procurement processes. These clauses assist in:
• Outlining the rights and obligations of both parties.
• Establishing guidelines for pricing, delivery, and quality control.
• Addressing various other aspects of the contract.
Users of CobbleStone Contract Insight® that require access to FAR and DFAR clauses for contract and procurement processes for federal agencies can easily utilize the helpful feature in the CobbleStone Contract Insight Version 22.2.0. With this feature, users can do the following:
• View the comprehensive list of all clauses on the data aggregator service, allowing easy access to thousands of FAR and DFAR clauses.
• Send email notifications to assigned users when a clause is updated or edited in both the data aggregator service area or the users' mergeable clause library.
• Include the FAR and DFAR clauses into their clause library and mergeable clauses.
"This feature, among many others, assists in cultivating a seamless and productive contract management process for legal professionals dealing with contractors and government procedures. Resourceful tools such as this establish CobbleStone Software as an Industry Leader," says Mark Nastasi, EVP and Founder of CobbleStone Software.
CobbleStone Software Releases Guide on the Cost of Contract Management Software
Friday, July 26, 2024
PRINCETON, N.J., -- CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – continues to provide readers with informational content that covers the importance of CLM in organizations.
Proper contract management software can be an essential investment for organizations looking to streamline their contract processes. By automating contract processes, businesses can reduce the risk of missed deadlines, eliminate contract legalese ambiguity, improve contract visibility, and ensure compliance with legal and regulatory requirements.
This in-depth guide digs into the factors that influence the cost of contract management software, including:
• Deployment Model
• Number of Users
• Features and Functionality
• Configuration and Integration
• Vendor Reputation and Support
• Contract Length
Click here to read more.
Automating the contract management process can also impact businesses' ROI. Enhanced timeliness and visibility into contract terms and performance can lead to better decision-making and improved negotiation outcomes.
Click here to use CobbleStone's ROI calculator to estimate potential ROI.
"Here at CobbleStone Software, we aim to provide legal professionals with the latest, most up-to-date industry information within the contract management sphere to help their organizations make the most informed purchasing decision. We take pride in providing a contract management software solution that streamlines contract and procurement processes while maximizing ROI," says Mark Nastasi, EVP and Founder of CobbleStone Software.
Innovation Insights
CobbleStone Software - Leaders in Contract Management Software
Mark Nastasi, President and Founder, CobbleStone Software
CobbleStone Software is a visionary leader in enterprise contract lifecycle management, eProcurement, vendor management, and eSourcing software solutions that have been trusted by users around the globe for over twenty years
Company
CobbleStone Software
Management
Mark Nastasi, EVP
Description
A global leader in providing best-of-breed enterprise contract lifecycle management (CLM) and eProcurement software.
