The
demand
for
contract
lifecycle
management
solutions
has
never
been
stronger,
and
to
meet
that
demand,
CobbleStone
Software
provides
a
highly
configurable
solution
called
CobbleStone
Contract
Insight.
There
are
many
challenges
to
managing
the
contract
lifecycle,
including
decentralized
contract
storage,
contract
language
and
clause
limitations,
a
lack
of
version
control,
delays
and
mistakes
in
contract
approvals
and
signatures,
missed
key
dates
and
workflow
tasks,
and
missed
contract
renewal
opportunities.
CobbleStone
Contract
Insight
is
a
comprehensive,
end-to-end
CLM
solution
that
transforms
static
contracts
into
dynamic,
efficient
building
blocks
for
oversight,
risk
mitigation,
and
opportunity
identification.
Staff
members,
counterparties,
employees,
and
other
key
stakeholders
can
leverage
a
user-friendly
portal
and
simple
intake
forms
to
submit
a
new
request.
The
portal
also
features
internal
reviews,
streamlining
the
process
of
gathering,
tracking,
reviewing,
and
approving
contract
requests.
Companies
can
assemble
and
configure
essential
contract
data
fields
to
produce
consistent
documents.
CobbleStone’s
AI
Capabilities
Empower
Effective
Drafting
Drafting
contracts
has
been
simplified
in
CobbleStone
through
the
power
of
several
native
AI
tools.
CobbleStone
Contract
Insight
leverages
VISDOM,
its
powerful
AI
engine
backed
by
machine
learning
(ML)
that
streamlines
data
insertion,
extraction,
evaluation,
and
risk
identification.
Data
entry
and
extracting
critical
details
like
dates,
monetary
values,
and
counterparties
is
automated.
VISDOM
assesses
risk
by
analyzing
document
text
on
a
rules-based
sentiment.
You
can
upload
files
and
convert
requests
to
contract
records
without
data
loss
or
re-keying,
driving
consistency
and
reducing
potential
mistakes.
Users
can
also
start
from
scratch,
leveraging
pre-approved
templates
and
clauses.
Team
members
will
have
unlimited
user-defined
fields
to
accommodate
tailored
contract
details.
CobbleStone’s
Auto-Redlining
can
locate
and
redline
clauses
within
contract
files
and
recommend
modifications
based
on
preferred
contract
clause
versions
to
standardize
terminology,
improve
consistency,
and
ensure
accurate
language.
The
contract
library
is
entirely
configurable
for
the
company’s
needs.
See
Figure
1.
Figure
1:
CobbleStone
Contract
Insight
offers
an
auto-redlining
feature
powered
by
VISDOM
AI.
Handle
auto-redlining
directly
or
set
it
up
to
execute
whenever
a
contract
record
receives
a
.docx
file
attached.
CobbleStone
shows
the
clause
menu
to
the
right
of
a
Word
document
(or
within
the
comparable/similar
CobbleStone
native
online
editor),
and
a
CobbleStone
toolbar
is
available
to
assist
with
edits.
IntelliDraft.ai
is
a
generative
AI
tool
for
real-life
clause
search
and
generation
with
a
user-friendly
chatbot
interface
that
searches
through
thousands
of
example
clauses.
Contract
teams
input
key
search
terms,
and
IntelliDraft.AI
returns
relevant
results
and
generates
configurable
clauses
based
on
your
needs.
The
resulting
clause
can
be
copied
directly
from
IntelliDraft.AI.
Additionally,
users
can
summarize
the
language
of
a
clause
or
generate
another
clause
variation
for
different
versions
of
the
clause.
IntelliXtract
identifies
and
extracts
legal
terms
using
natural
language
processing
and
recognizes
structured
data
and
legal
phrases
with
fuzzy
logic
matching.
CobbleStone’s
Theory
Calculator
provides
automated
data
analysis
and
on-screen
recommendations,
enhancing
visibility
and
strategy
throughout
contract
lifecycle
administration.
Workflows
Tailored
to
How
Your
Company
Works
Based
on
request
types,
data
fields,
and
rules,
CobbleStone
enables
automated
workflows
for
contract
approval.
Users
can
approve
or
reject
contract
requests
directly
within
the
workflow,
and
automated
alerts
and
notifications
ensure
timely
action
on
contract
events
and
milestones—eliminating
bottlenecks.
CobbleStone
features
a
workflow
visualizer
that
shows
contract
approval
expectations,
ensuring
a
team
is
on
the
same
page.
CobbleStone
populates
key
dates,
making
it
easier
for
team
members
to
meet
deadlines,
and
users
can
track
their
obligations
using
tools
such
as
My
Dashboard
and
My
Calendar.
See
Figure
2.
Figure
2:
My
Calendar
helps
users
stay
informed
about
critical
contract
milestones
by
displaying
contract
and
task
alerts,
including
expiration
dates,
review
dates,
and
expiration
notification
dates.
Analysis
Through
Powerful
Reporting
CobbleStone
Contract
Insight
provides
comprehensive
real-time
tracking
and
reporting
features
for
contract
management,
enhancing
financial
visibility
and
decision-making.
Financial
tracking
assists
in
budget
management
by
logging
payments,
income,
and
other
financial
transactions
and
data
related
to
contracts.
Companies
can
configure
fields
to
capture
specific
information
relevant
to
their
business.
Graphical
dashboards
display
key
performance
indicators
(KPI),
making
the
information
easily
accessible.
Financial
and
KPI
dashboards
provide
an
overview,
including
budget
details
and
transaction
history.
Because
the
dashboards
are
configurable,
users
can
visualize
critical
financial
metrics,
identify
trends,
and
monitor
compliance.
The
contracts
KPI
dashboard
compares
current
contract
performance
data
to
the
previous
year,
displaying
contract
and
budget
amounts,
contract
diversity
by
department,
and
contracts
expiring
within
30
days.
The
contracts
overview
dashboard
presents
an
executive
summary
of
contract
statistics
and
highlights
contracts
assigned
to
employees,
upcoming
expirations,
and
active
requests.
Contracts
can
be
visualized
by
department,
showing
counts,
total
values,
trends,
and
patterns.
These
dashboards
empower
users
with
essential
insights
right
when
they
enter
the
system,
promoting
efficient
contract
management.
See
Figure
3.
Figure
3:
CobbleStone
Contract
Insight
offers
executive
graphic
dashboards
that
enhance
contract
analytics
and
data-driven
decision-making.
Users
can
choose
which
dashboard
to
view
via
a
drop-down
menu.
In
this
dashboard,
users
can
see
contracts
by
status,
type,
department,
contract
values,
number
of
pending
or
expiring
contracts,
and
open
tasks.
Integrations
There
are
hundreds
of
plug-and-play
interfaces
and
integrations
between
CobbleStone
Contract
Insight
and
third-party
technology
solutions.
These
include
integrations
with
popular
tools
used
by
legal
teams,
such
as
Adobe
Acrobat
E-Sign,
DocuSign,
SignNow,
CobbleStone’s
own
IntelliSign®,
and
other
signature
systems,
as
well
as
integrations
with
legal-focused
products
like
issue
management,
case
management,
and
billing.
Pricing
CobbleStone
offers
multiple
pricing
options
and
works
with
you
to
review
features
and
help
determine
the
best
edition
to
fit
your
needs.
The
entry-level
subscription–Express
Edition–starts
at
$59
per
user
per
month
and
offers
considerable
features
at
a
very
reasonable
price,
such
as
configurable
fields,
key
date
notifications,
unlimited
contract
storage,
and
searching
and
reporting.
The
main
product–Enterprise
Edition–varies
in
price
depending
on
several
aspects,
such
as
the
deployment
strategy,
which
offers
options
for
on-premises
installation
and
SaaS/cloud
deployment.
CobbleStone
also
provides
unlimited
contract
storage
with
named
or
concurrent
user
licenses.
Latest
Developments
-
Preferred
clause
replacement
–
users
can
quickly
and
easily
obtain
side-by-side
clause
comparisons
and
system-provided
suggestions
for
clause
replacement
recommendations
based
on
language
within
the
third-party
document
and
standard
language
within
their
clause
library. -
IntelliDraft.AISM
–
CobbleStone®
released
a
portal
that
includes
support
for
client
requirements
around
clause
support/management,
access
to
a
library
with
up
to
1
million
clauses,
generative
artificial
intelligence
(AI)
clause
creation
from
real
machine
learning
data,
contract
summarization,
a
user-friendly
chatbot,
and
more. -
ConfigAISM
–
to
speed
the
adoption
of
contract
management
software,
CobbleStone’s
ConfigAI
can
offer
proactive
contract
lifecycle
management
(CLM)
field
suggestions
for
contract
clause
metadata
fields. -
Auto-Redline
–
users
can
establish
automatic
redlining
upon
upload
or
redline
documents
on
an
as-needed
basis.
They
may
also
easily
see
and
manage
automated
redlines
and
comments
with
thorough
audit
trails.
CobbleStone
Auto-Redline
is
compatible
with
Word
and
CobbleStone’s
native
online
document
editor. -
VISDOM+
–
ask
the
VISDOM®
Assist
chatbot
system-related
questions
and
receive
answers
powered
by
OpenAI.
Additionally,
VISDOM
will
identify
contract
obligations
for
user
review,
and
users
can
ask
about
applicable
laws
and
compliance
regulations
such
as
GDPR,
CCPA,
and
OFAC
and
generate
related
clauses.
Who
is
CobbleStone?
CobbleStone’s
headquarters
are
in
New
Jersey,
with
employees
across
the
USA
and
offices
in
Canada,
the
UK,
and
Australia,
with
plans
to
continue
expanding
globally.
CobbleStone
has
offered
contract
management
software
for
more
than
25
years.
They
serve
more
than
1,300
clients
globally
in
over
25
industries,
including
manufacturing,
government,
banking,
healthcare,
pharmaceuticals/life
sciences,
and
energy.
The
corporate
legal
and
procurement
departments
of
Fortune
1000
and
mid-market
companies
comprise
the
majority
of
the
user
base,
and
the
system
offers
department-wide
benefits
as
well.
Enterprise
deployments
allowing
users
throughout
an
organization
to
submit
contracts
and
see
their
status
via
role-based
dashboards
have
become
considerably
more
widespread.
Why
Buy
CobbleStone?
-
CobbleStone
is
purposefully
built
software
that
simplifies
and
enhances
the
entire
contract
management
lifecycle. -
AI
functionality
is
incorporated
in
multiple
processes
to
improve
productivity
and
save
time
and
money. -
Clients
can
configure
the
platform
to
meet
their
needs. -
CobbleStone
offers
significant
resources
and
support
and
can
assist
companies
in
making
a
case
for
Contract
Management
Software.
See
CobbleStone
Contract
Insight
Today!
Schedule
a
demo
to
learn
more
about
how
to
benefit
from
CobbleStone
Contract
Insight
or
sign
up
for
a
free
trial.
CobbleStone
also
attends
and
hosts
a
variety
of
events
throughout
the
year.