2022 TECHNOLOGY REVIEW
Contract Management 3.0 Mark Nastasi, CobbleStone Software
CCBJ: CobbleStone Software has been an innovator in contract lifecycle management software solutions for nearly thirty years. Please provide an overview of your organization and how it approaches the streamlining of legal operations functions? Mark Nastasi: CobbleStone Software’s proprietary CLM software – CobbleStone Contract Insight® -- is web-enabled (SaaS) or deployed (on-premise) and used by many leading corporations, state and local governments and other regulated organizations worldwide. Our platform hosts more than three million contract transactions and billions of dollars in contract value. We have been providing contract lifecycle management software as a service longer than any other CLM software provider. CobbleStone
Mark Nastasi Mark Nastasi is the Executive VP and founder of CobbleStone Software with more than 20 years of professional experience in the industry. He launched the first commercial contract software in 1995 named CMTS (Contract Management Tracking System). He has worked extensively with general counsel, paralegals, lawyers and legal professionals to help manage contracts better. You can reach Mark by email at mnastasi@ cobblestonesoftware.com.
Software is a Federal GSA vendor that is SOC 1 and SOC 2 compliant, reviewed by industry-leading analyst firms, and retains a continually expanding partner network for increased software integrations and business expansion. Through our close relationships, we continuously identify new ways to streamline legal operations with robust tools such as contract workflows, eSignatures, artificial intelligence with machine learning and dynamic contract risk assessment mapping solutions. How do CobbleStone’s contract workflow features help corporate counsel and other in-house legal professionals? Dealing with contracts in both the pre-award and post-award stages can be challenging, especially when dealing with many internal and external stakeholders of ranging authority. For instance, requesting a senior lawyer to review a clause that a junior lawyer could have reviewed may cause workflow inefficiencies. These types of legal ops bottlenecks can not only breed inefficiencies but also exponentially increase contract administration risks by inadvertently excluding stakeholders from necessary contract tasks. CobbleStone’s automated contract workflows with alerts and notifications can help solve these problems and increase contract lifecycle management efficiency.
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