Seal Software Announce Contract Audit and Assessment Solution; Solution Reduces Risk of Contract Lifecycle Management Deployment Failure and Improves Efficacy of CRM, ERP and other Enterprise Applications
(M2 PressWIRE Via Acquire Media NewsEdge) London, UK - - Seal Software Group, a provider of solutions to discover, capture, extract and manage contracts, today announced the launch of its new Contract Audit and Assessment solution. The solution, based on its unique Contract Discovery and Analytics platform, enables organizations to quickly and accurately audit their entire contract landscape, prior to implementing any Contract Lifecycle Management (CLM) deployment.
The solution also provides an effective means to ensure that contract metadata and contractual documents can be migrated and made visible, in context, in other systems such as Client Relationship Management (CRM) and Enterprise Resource Planning (ERP), among others.
Seal's customers are already benefitting from the approach provided by their Contract Audit and Assessment Solution to:
Quickly and cost-effectively locate and extract data from contracts, in a variety of formats, providing a consistent and complete view in other systems, including CLM, ERP and CRM
Dramatically increase the number of data fields captured and reviewed
Prepare comprehensive, actionable management reporting
Reduce risk by understanding all contractual obligations and milestones
Realize the true potential of other systems, with complete and accurate information
Establish a path forward for ongoing contract management best practice, leveraging Seal
"Contract audit, discovery and assessment tools are as important as contract lifecycle management when it comes to realizing actionable value from contract management investments", said Jason Busch, Managing Director, Spend Matters. "Through our research, we have found that Seal clients typically process and analyze three times more contracts and extract four times as much metadata compared with prior best practices before introducing an automated solution."
Ulf Zetterberg, Founder and CEO, Seal Software Group said, "The true potential of many CLM, ERP, CRM and other projects cannot be realized with incomplete data. Our Contract Audit and Assessment solution fills in the missing pieces, raising the potential return for any organization deploying such systems and providing a blueprint for ongoing best-in-class contract management. We've built this solution in response to the many organizations who have been disappointed with the results they've achieved, often caused by incomplete contract information in their business critical applications."
Further information on Seal Software's Contract Audit and Assessment solution can be found at: www.seal-software.com/solutions/contract-audit
About Seal Software Group
Seal Software Group provides solutions to discover, capture, extract, create and manage contracts. Seal's unique combination of Contract Discovery (cDiscovery) and Contract Lifecycle Management (CLM) provides insight, lifecycle management and reporting for law firms, General Counsel, Legal Process Outsourcing (LPO) and eDiscovery vendors.
Seal's cDiscovery automatically discovers existing contractual documents, extracting key information from any file type. Applicable in contract abstraction, due diligence and procurement environments, Seal can identify and process thousands of documents per day, reducing the time and cost of discovery, due diligence and contract abstraction.
Seal's Dolphin CLM for SharePoint manages contracts in a secure repository, from creation to ongoing proactive management of contract performance.
Seal's solutions help organizations in verticals such as legal services, financial services, oil and gas, high-tech, pharmaceutical, media, manufacturing, transportation, and telecommunications achieve control of their contracts and obligations for compliance, cost saving and competitive advantage.
For further information, visit the Seal Software website: www.seal-software.com
Ulf Zetterberg, Seal Software Group
+44 1344 988 450
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