Read this blog for a rapid, high-level, general overview of Contract Insight®, its purpose and some of its key features.
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Why use contract management software?
Most organisations from a wide variety of industries provide products and services. Their processes often require partners – such as vendors, suppliers, customers and subcontractors. To manage these relationships, organisations use various contracts and agreements. They also need employees and – to manage these relationships – they use documents relating to policies and procedures.
What is Contract Insight?
Contract Insight helps organisations to centralise and streamline contract management, vendor management, and procurement software processes – all on one user-friendly platform.
Contract Insight can automate, expedite, and improve the management of the documents, materials, processes, and people mentioned above – in a myriad of visionary ways. For our crash course, we will briefly touch on two of the most critical contract management software tools and features organisations should get started with right away for increased ROI.
VISDOM AI®: leading-edge contract intelligence
Our proprietary contract management AI engine – VISDOM AI – exists within and functions in tandem with Contract Insight. VISDOM contract intelligence helps identify contracts, contract clauses, and contract key data and makes advanced recommendations for the allocation and use of these assets. It automates data extraction, intelligently analyses key data and constantly improves with training data continuously being leveraged by the engine for further machine learning.
VISDOM helps with task management by equipping Contract Insight users with dynamic, configurable task assignment functionality, task escalation and an overall improved culture of accountability. Intelligent contract workflow automation helps with the organised and seamless routing of legal documents – streamlining contract lifecycle management processes.
IntelliSign® electronic signature software
IntelliSign is CobbleStone Software’s proprietary electronic signature software tool – used for electronic signatures and document acknowledgements. It helps organisations of ranging industries to manage their contract repositories, contract renewals, and contract closeout. The automation of eSigning with IntelliSign can cut send-to-sign time by up to twenty percent. Additionally, IntelliSign provides powerful reporting and analytics tools, contract management dashboards, and contract compliance monitoring alerts.
Contract Insight from Four
Contract Insight is a cloud-hosted (SaaS) or deployed (on-premise) contract management solution. The acclaimed platform is trusted by thousands of professionals for their contract management, legal document management, procurement and sourcing needs. Used by many Fortune 500 companies, Contract Insight gives you real time visibility into your contracts. It doesn’t just shore up your security; it will help you meet contract compliance regulations, centralise your contract management and improve your overall contract administration process.
For more information, contact John O’Brien, CEO at Four Business Solutions, global business consultants and software integrators providing business processes improvements in Finance, Supply Chain and Operations, across a broad range of industries.