London and Bracknell, UK, 14th July 2011 – Today, Rosslyn Analytics, the leader in cloud-based self-service data quality and data discovery solutions, and Seal Software, the leader in cDiscovery solutions, announced a partnership to provide customers with the unique ability to automatically discover and extract critical contract data to allow organizations to identify savings, reduce costs and manage financial and regulatory risks within contracts.
The partnership was launched on Monday, together with the launch of Rosslyn Analytics World’s First Enterprise Apps Store, delivering Automated Data Analytics in a quick to deploy and cost effective way.
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Until now, getting access to this vital data has been a costly, manual process; but with the RA.PiD solution from Rosslyn Analytics and Contract Discovery (cDiscovery) from Seal Software, organizations will be able to quickly access, extract and leverage this critical content to make better, more informed decisions for Spend Analytics and cDiscovery requirements.
“This is a game changer for the way we move forward in data analytics,” says Ulf Zetterberg, CEO of Seal Software, “Seal cDiscovery delivers a monumental leap forward for the way that organizations can discover, extract and leverage critical content with contracts, RA.PiD from Rosslyn Analytics makes the way organizations access and process their spend data significantly more consumable, and bringing them together through both the new partnership and being available on the App Store is an exciting prospect”.
Seal Software's cDiscovery Audit Service scans file servers to discover contracts that are unknown, lost or forgotten, providing a snapshot of the organization's contract landscape. Benefits include visibility and control over lost contracts within an organisation, plus making key milestone data easy to extract and export, for instance into contract lifecycle management systems.
"Launched last year, Seal cDiscovery is a breakthrough in how contracts can be made visible and accessible," said Kevin Gidney, Chief Technical Architect of Seal Software. "Using a range of advanced Natural Language processing (NLP) techniques, cDiscovery means that for the first time, all contractual information can be centrally managed. Once contracts are created, they are often filed away and become difficult to effectively manage, leading to increased risk through missed milestones, or unnecessary financial implications, such as penalties, or missed opportunities to re-negotiate a contract. Seal cDiscovery overcomes this issue by automating much of the process, drastically reducing the time and effort that would be involved manually. We are delighted to be partnering with Rosslyn Analytics, renowned as one of the leaders in technology solutions for Spend Analysis."