The Quadrant Knowledge Solutions SPARK Matrix provides competitive analysis and rankings of leading contract lifecycle management (CLM) platform vendors.
Cobblestone, with its proven track record, comprehensive vision and roadmap, robust partner ecosystem, compelling customer value proposition, strong domain expertise, vast customer base across all sectors of the public and private sectors, and its sophisticated technology platform, is well positioned to maintain and grow its market share with continued success among large enterprise segments.
MIDDLETON, Mass., July 14, 2022 /PRNewswire/ — Quadrant Knowledge Solutions today announced that it has named CobbleStone a 2022 Technology Leader in the SPARK Matrix analysis of the global CLM market.
Quadrant Knowledge Solutions’ SPARK Matrix includes a detailed analysis of global market dynamics, significant trends, vendor landscape, and competitive positioning. The study provides a competitive analysis and ranking of leading technology vendors in the form of its SPARK matrix. It provides strategic information allowing users to assess the capabilities of different vendors, competitive differentiation and market position.
According to Akshaysingh Chandel, Analyst at Quadrant Knowledge Solutions, “CobbleStone Software’s user-friendly, AI-enabled CLM solution, CobbleStone Contract Insight®, enables end-to-end management of the entire contract administration process. The company’s roadmap is aligned with current market dynamics; it plans to invest heavily in areas such as CobbleStone connector plug-ins and applications, standardizing system integrations with compliance data aggregation services, and developing increasingly powerful features in the CobbleStone Contract Insight suite. strategy, broad customer base, and industry expertise and knowledge received high marks on the technology excellence and customer impact metrics.
“CobbleStone is honored to be recognized as a leader in contract lifecycle management by Quadrant Knowledge Solutions in its report – SPARK Matrix: CLM, 2022,” – states Bradford Jonesvice president of sales and marketing and CLM futurist at CobbleStone Software.
“This recognition is another of many testimonials to CobbleStone’s user-friendliness, scalability, configurability and industrial reach – as we help organizations across many sectors across the public and private sectors centralize lifecycle management. contract life, vendor management, procurement, procurement, supply chain management, tenders, RFx management, CRM processes, ERP processes and many other critical needs. “
Quadrant Knowledge Solutions defines contract lifecycle management (CLM) software as a solution that automates and streamlines the end-to-end contract lifecycle, from inception, negotiation, approval, execution, analysis and compliance until renewal/expiration. CLM software also provides a centralized contract repository for all types of contracts and agreements, including supplier, business partner, customer, employee, and other contracts. CLM software often stores supplier data, contract terms, negotiated prices, and other information to provide centralized visibility, allowing companies to execute contractual agreements faster and more efficiently. CLM software helps the organization minimize administration costs and improve contract performance, operational efficiency and regulatory compliance.
Driven by increasing digital transformation across industry verticals, emerging innovative business models with various licensing structures and payment types, as well as increasing complexity in governance, risk and compliance processes, drive the need intelligent enterprise-wide contract lifecycle management systems. Modern contract lifecycle management (CLM) software has evolved significantly to include automation, advanced analytics, and artificial intelligence capabilities to improve contract performance, minimize risk, and reduce administration costs. These growing technological advancements are ushering in a complete digitization of procurement processes, enabling organizations to achieve greater operational efficiency. Modern cloud-based CLM systems complement this automation by integrating aspects of contracts such as workflows, templates, clause libraries with CRM, procurement, P2P, ERP and other similar solutions. , as well as third-party electronic signature and storage repositories. Systems can now support a variety of use cases, including updating contract renewal dates, controlling terms and conditions or discount terms for larger volume purchases, reducing the duration of execution of contracts, etc. AI-based CLM software can effectively manage end-to-end contracting processes and help organizations save costs and reduce time. Future CLM systems will focus more on results-driven CLM business models. These systems will support enhanced horizontal and vertical collaboration for delivering solutions across the ecosystem. Maturing AI and ML capabilities will bring end-to-end performance improvements on CLM platforms. In addition, emphasis will be placed on integrating the contract-centric platform with buy-side and sell-side systems to optimize and improve visibility throughout the procurement process.
For more information about CobbleStone, visit here
SPARK Matrix: Contract Lifecycle Management (CLM), 2022 Link
About CobbleStone Software:
CobbleStone is a renowned leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – accelerates contract management, vendor management, e-procurement and e-procurement processes while delivering seamless integrations, ease of use and high scalability. provides simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, very robust security options, simplified creation of contract templates with dynamic clauses, centralized revenue/cost management, detailed indexing and text search, future vendor/customer reviews, robust document version control, custom contract management reports, fast IntelliSign® electronic signatures, smarter contracts with VISDOM® artificial intelligence and machine learning, and more.
About Quadrant Knowledge Solutions:
Quadrant Knowledge Solutions is a global consulting and advisory firm focused on helping clients achieve their business transformation goals through business strategy and growth consulting services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and advisory deliverables are designed to provide comprehensive insights and strategic insights to help clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more research available, please visit https://quadrant-solutions.com/market-research/
Quadrant Knowledge Solutions
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