SAN MATEO, CA--(Marketwired - Feb 26, 2014) - Selectica, Inc. (
"Today's complex buyer-driven cycles demand more attention than ever, whereas the administrative infrastructure supporting contracts must be streamlined and frictionless so that buyers can focus their time on managing deals and suppliers, not looking for information," said Peter Ostrow of the Aberdeen Group.
Selectica's new Contract Discovery and Contract Analytics products enable customers to:
- Find contracts globally in shared folders and cloud storage systems; make them searchable in a centralized contract repository.
- Dramatically reduce the amount of time it takes to aggregate and load existing contracts into the Contract Lifecycle Management (CLM) system.
- Streamline contract processes, from request, authoring, negotiation, and approval through ongoing obligations management, analysis, reporting, and renewals.
- Gain complete visibility into contract milestones, deliverables, expirations, and renewals.
- Extract specific contract language and clauses specific to customer industry, type of contract, and geographic location, including information in embedded images or files.
- Inform cross-functional teams of revenue opportunities, expenses, and risks associated with contract obligations.
- Reduce time needed to identify problems and increase time available for action.
"We understand the challenges of locating and managing volumes of legacy contracts," said Blaine Mathieu, President and CEO of Selectica. "From differing file types, and across departments, offices, and cloud storage systems where they can potentially be located -- consolidating these critical pieces of corporate intellectual property can be a time-consuming and costly task." Mathieu added, "With Selectica Contract Discovery and Contract Analytics, our customers will now be able to quickly centralize every contract they own to more effectively manage their risk exposure, increase efficiencies, and grow revenues."
Learn more about Selectica Contract Discovery and Contract Analytics: www.selectica.com/contract-discovery
Supporting Resources
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- Selectica customer case studies
- Selectica guides & misc. resources
About Selectica, Inc.
Selectica, Inc. (
Contact Information:
Contacts
Media Relations:
Selectica, Inc.
Erick Mott
emott@selectica.com
+1-650-532-1551
@erickmott
Investor Relations:
Genesis Select Corp.
Budd Zuckerman
bzuckerman@genesisselect.com
Kim Rogers
krogersc@genesisselect.com
+1-303-415-0200