Technology to be used in Apttus’ contract lifecycle management solutions to significantly reduce time and cost of discovery and migration of contracts stored across corporate repositories
San Francisco, CA – September 4 2013 – Seal Software Limited, the leading provider of solutions to discover, capture, extract and analyze contracts, today announced that it has licensed its Contract Discovery technology to Apttus, the category-defining provider of quote-to-cash solutions including Configure Price Quote (CPQ) and Contract Management. The technology has been integrated into the Apttus Contract Discover and Migrate (CDM) application, available now. CDM is part of the Apttus Contract Management Suite, a cloud-enabled solution that automates the process from contract request to execution while delivering complete visibility and control of the entire contract lifecycle.
Most businesses store contracts in a variety of repositories and dozens of formats making it difficult to both find and manage agreements. According to Aberdeen, 12-15% of agreements cannot be found in enterprises today (Aberdeen Group, Procurement Contract Lifecycle Management, 2012). This inability to effectively discover and migrate contracts leads to revenue leakage from improper billing, inaccurate renewals and lost business, as well as increased risk from greater legal exposure. With Apttus CDM utilizing the Contract Discovery technology, enterprises can now discover legacy electronic contracts in corporate repositories, extract the standard contract terms and migrate a searchable copy and associated metadata into the Apttus Contract Management solution.
Ray Hein, SVP Product Management at Apttus said, “Finding and migrating thousands of existing contracts can present a significant challenge for companies. With Apttus CDM and the advanced Contract Discovery technology from Seal, our customers eliminate the expensive, time-consuming and often error-prone manual process of importing contracts and contract metadata into the Apttus Contract Management solution.”
Dan Daehler, VP Global Services & Channels, Seal Software said, “Apttus has combined deep domain expertise and innovation in usability to succeed as a leader in contract lifecycle management solutions. We are pleased Apttus has selected Seal technology for inclusion in their advanced Contract Management Suite built on the Salesforce Platform. The synergies between Seal and Apttus will ultimately benefit Apttus customers by enriching their customer-centric contract views.”
Further information on Seal Contract Discovery and Analytics can be found at:
www.seal-software.com/solutionsJoin Seal Software at Apttus Accelerate, the Quote-to-Cash event of the year held in San Francisco, host city for the 34th America’s Cup. Seal Software is co-sponsoring the event, held September 9th and 10th at the Clift Hotel. Attendees will hear best practices in Configure Price Quote (CPQ) and Contract Management. Apttus Accelerate offers enterprise business professionals the opportunity to meet with industry leaders, experts and peers to learn how to increase sales effectiveness, drive revenues and reduce costs.
Further information can be found at:
www.apttus.com/accelerate
