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As business grows, managing contracts manually does not work. Streamlining company’s contract management process with an automated system ensures control and visibility to the whole process. Automating will help companies to reduce contract cycle time, eliminate risk and discover additional value within their existing contracts.

Automated contract management is the next big data opportunity with content transformation software.

Khemeia Technologies, a Chennai-based software vendor operating in the name of Stelae Technologies, has been specializing in automated conversion solution for multiple categories of content. The company recently has signed a strategic partnership agreement with Time2Clever, a European company which is also a specialist in Automated Contract Management software.

As per this partnership, Stelae Technologies’ software Khemeia will be an integral part of Time2Clever's Automated Contract Management solution.

With this integration, Time2Clever will now be able to offer a single contract repository for customers to manage, search and monitor contracts within the organization.

Khemeia is a fully automated solution, a cloud-based technology which transforms unstructured information into structured enriched content ready for indexing.   This enables its customers to provide their users with an enhanced search experience and re-utilize their content for different output types including web, print and hand-held devices. The solution analyzes and extracts document structure, style and metadata and converts input data into multiple output formats.

Time2Clever’s cloud-based solution is a single contract repository to manage, search, track and monitor all contracts and other documents within the organization. With this contract, the company will also be a System Integrator for Khemeia in Europe.

Related to this, another report highlighted a study saying Content Delivery Networks (CDNs) raised contract revenue 18.3 percent in 2012, to $2.28 billion, as value-added services like app acceleration, cloud solutions, analytics, specialized HTTP video platforms, content transformation, workflow, management, security and rights protection,  in addition to core bandwidth provisioning supporting very large video accounts fuelled market growth.