CobbleStone Software has published a free guide highlighting the importance of contract termination and how businesses can simplify the process with 3 steps.
CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ 2022 report – releases a comprehensive guide to help contracting professionals recognize the importance of rightful contract termination and how it can be a vital aspect of contract lifecycle management.
The simple, 3 step approach to contract termination includes:
1. Identifying contracts that fail to meet performance goals
2. Dynamically writing a contract termination letter
3. Promoting proper contract closeout with financials tracking
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Contract termination is sometimes overlooked, however it is a vital decision to make in the contract lifecycle. CobbleStone Contract Insight® can help professionals manage and organize their contracts efficiently.
“We at CobbleStone aim to share vital information about contract management and hope that we can help contract management professionals in doing so with comprehensive guides such as these,” says Bradford Jones, Vice President of Sales and Marketing at CobbleStone Software.
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CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone’s contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.