CobbleStone® Scores Highest Possible for External Party Contract Negotiation Criterion in Independent Research Firm’s CLM Software Report | News

PRINCETON, New Jersey, January 3, 2022 / PRNewswire-PRWeb / – CobbleStone Software, a leading provider of contract management software, received the highest possible score in Contract Negotiation with External Parties in the report from Forrester Research, Inc. : The Forrester Wave ™: Contract Lifecycle Management For All Contracts, Q1 2021.

CobbleStone believes that its score of 5 out of 5 in Forrester’s contract negotiation criterion with external parties attests to its strong digital contract negotiation capabilities within its industry-leading CLM software solution that can help its thousands of users. to speed up their negotiation of external contracts efficiently and effectively. process.

Forrester Wave ™: Contract Lifecycle Management For All Contracts, Q1 2021 defines a score of 5 out of 5 in the criterion Contract negotiation with external parties as:

“5 = The product has higher capacities compared to the others included in [The Forrester Wave™: Contract Lifecycle Management For All Contracts, Q1 2021] assessment, including support for all identified functionalities for contract negotiation, with advanced functionalities such as an online portal for real-time negotiations between parties, with lock-in of non-negotiable clauses and risk alerts of change based on AI.

“At CobbleStone Software, we are delighted to receive the highest possible score in the Contract Negotiation with External Parties criteria in the Forrester Wave ™ report: Contract Lifecycle Management for All Contracts, Q1 2021. We find constantly finding new ways to increase our digital contract negotiation. features to help further streamline our clients’ contract negotiation processes, ”says Bradford jones, Vice President of Sales and Marketing at CobbleStone Software.

CobbleStone Contract Insight® provides highly configurable and automated contract workflows, including task escalations, clause ownership assignments, and approval routing.

To virtually ensure that the right stakeholders stay on top of language changes for review, CobbleStone Contract Insight users can receive notifications of language changes from the contract areas for which they are responsible. Such changes may trigger notifications to clause owners for review. CobbleStone Contract Insight also allows stakeholders to work simultaneously in a centralized web location, including MS Office 365 and Google Workspace connectors.

Stakeholders can receive configured email notifications of comments and applied changes for review in the centralized contract redlining location. CobbleStone Software users can exclude external counterparties from other areas of their configured CLM software platform, virtually ensuring data protection. Additionally, CobbleStone, as a CLM software vendor, is SOC 1 and SOC 2 compliant, which encourages strong contract negotiation security. VISDOM® AI – CobbleStone’s proprietary artificial intelligence engine with machine learning – can support risk identification, including assessment of risk-prone language, for enhanced contractual compliance and risk management .

“With CobbleStone’s thousands of software users, robust digital contract negotiation tools, and cutting-edge artificial intelligence, we think it’s no wonder Forrester recognizes CobbleStone Contract Insight with the highest possible score. in the criterion Contract negotiation with external parties, ”continues Jones.

About CobbleStone software:

CobbleStone Software is a visionary leader in enterprise contract lifecycle management, supplier management, e-procurement and e-procurement software solutions trusted by thousands of users for over twenty years. CobbleStone’s contract management solutions provide contract and supplier tracking, configurable email alerts, schedule notifications, contract workflow management, robust security options, template creation contract with dynamic clauses, revenue / cost management, full-text indexing and search, supplier / customer reviews, document version control, custom reports, electronic signatures, smarter contracts with artificial intelligence and learning automatic, etc.

Contact CobbleStone Software to schedule a free demo and pricing information at [email protected] or call them at 866-330-0056.

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Media contact

Joshua Hansen, CobbleStone Software, 866-330-0056, [email protected]

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SOURCE CobbleStone software

Shirlene J. Manley