Click here to close now.

Welcome!

News Feed Item

Seal Software Releases e-Book: "Best Practices in Contract Migration: Why You Should and How to Do It"

New e-Book Offers Insights on Contract Management and Streamlined Contract Migration

SAN FRANCISCO, April 10, 2014 /PRNewswire/ -- Seal Software, the leading provider of Contract Discovery and Analytics solutions, today announced the release of a new e-book titled, "Best Practices in Contract Migration: Why You Should and How to Do It."  The e-book offers an in-depth look at the process and benefits for implementing a comprehensive contract discovery and review initiative. Covering a range of topics surrounding contract creation, negotiation, execution, and analysis, the e-book offers invaluable insight for businesses to gain greater visibility and control of their contract portfolios and to successfully migrate contract data to a Contract Lifecycle Management (CLM) system.

Company Logo.

"While contracts form the backbone of business, a majority of organizations hold thousands of contracts without knowing the status and scope of their complete portfolio," said Kevin Gidney, co-founder and chief technical officer, Seal Software. "Organizations that employ a 'file it and forget' mentality lose the ability to leverage contractual data to its fullest potential and expose their business to unnecessary risk. The new e-book provides CEOs, CFOs and general counsels looking to improve their contract management processes with a helpful resource for implementing a successful contract discovery and review process and ultimately improving the overall health of an organization."

The e-book encompasses a wide range of topics impacting contract management practices and contractual document data migration including common pitfalls with CLM implementations, best practices for finding contracts and extracting required metadata, creating rules and policies, and migrating contractual data to a CLM system for improved accuracy. Using this e-book as a guide, organizations will have a better understanding of overall cost reduction and revenue opportunities hidden within their contracts.

Poor contract management costs companies an average of nine percent of revenues each year.1  With the potential to recoup even one percent in previously 'lost' revenue through greater visibility of a contract portfolio, contracts can be a powerful asset to be managed and leveraged. "Best Practices in Contract Migration: Why You Should and How to Do It" helps legal teams and organizations looking to gain more control over their contractual data across business units and organizational processes:    

  • Legal Services: Integreon is a trusted, global provider of award-winning, legal, document, research and business support solutions to leading law firms, corporate law departments, financial institutions and professional services firms.

    "Whether your organization plans to implement a Contract Lifecycle Management system, is in the midst of an acquisition, or is subject to an audit of existing contractual commitments - a cost-effective solution to contract review and data abstraction is of paramount importance. Historically this process has been an entirely manual one. That is, until today. Seal's new e-book provides best practices guidance on how to leverage auto-extraction and data analytics technology to significantly lower the cost and speed up the process of mass contract review and data abstraction," Mark Ross, senior vice president, Legal Process Outsourcing, Integreon.
  • Contract Lifecycle Management (CLM): Selectica's new Contract Management and Contract Analytics products available under its Contract Management Solution are powered by Seal Software and allow customers to seamlessly identify, transform, and aggregate organization-wide contracts into the Selectica Contract Lifecycle Management (CLM) product to streamline contract processes, reduce risk, and drive revenue. 

    It is critical for organizations to harness and analyze all of their contracts, both past and present," shared Patrick Stakenas, chief strategy officer, Selectica. "A clear view of the contract portfolio directly impacts an organizations ability to manage risk, cut additional costs and penalties and drive expanded revenue opportunities. Seal's new e-book offers best practices in contract migration and helpful insight into streamlining the process of placing contractual data into a CLM system of record."
  • Technology and Information Services: Mainspring Consulting Group helps organizations maximize their Return on ContractsTM - increasing profits and shareholder value for clients by targeting and continuously improving contracts and the contracting function through implementation, management and technology services.

    "Efficient contract management is a vital part of any business' success and can often pay for itself. Seal Software offers our customers a powerful solution that transforms the conventional migration process from being mundane and tedious to strategic and insightful as legacy contracts are analyzed for financial and language optimization," said Mauro Caputi, partner, Mainspring Consulting Group. "Contract migration can be a daunting task, especially when incorporating thousands of documents, and Seal's new e-Book is a powerful resource for businesses implementing a new contract management solution and looking to accelerate their return on investment through contracts."

"The Best Practices in Contract Migration: Why You Should and How to Do It" e-book is available for download online.  Learn more online about Seal Software's Contract Discovery and Contract Analytics solutions at www.seal-software.com.

About Seal Software

Seal Software's Contract Discovery and Analytics platform helps companies maximize revenue opportunities and reduce expenses and costs associated with contracts, and contract management systems and processes. 

Seal Contract Discovery locates contractual documents within minutes wherever they reside within an organization and is rapidly deployable; extracting key contractual terms and clauses, rendering them for easy review, and populating corporate repositories, including Customer Relationship Management (CRM), Contract Lifecycle Management (CLM), and Enterprise Resource Planning (ERP).  

Seal Contract Analytics empowers clients to analyze contracts by discovering specific language and clause combinations that are most relevant to your business.

For further information, visit the Seal Software website: www.seal-software.com

1Figures based on independent market research carried out by IACCM in 2011/12; 9% represents an average which varies significantly between companies and industries 

Logo - http://photos.prnewswire.com/prnh/20140130/SF55291LOGO

SOURCE Seal Software

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Connected things, systems and people can provide information to other things, systems and people and initiate actions for each other that result in new service possibilities. By taking a look at the impact of Internet of Things when it transitions to a highly connected services marketplace we can understand how connecting the right “things” and leveraging the right partners can provide enormous impact to your business’ growth and success. In her general session at @ThingsExpo, Esmeralda Swartz...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet condit...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes. In his session at DevOps Summit, Michael Demmer, VP of Engineering at Jut, will discuss how this can...
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager - Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, reviewed next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discussed how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has been engaged in t...
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. Th...
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Cloudian, Inc., is a Foster City, California - based software company specializing in cloud storage software. The main product is Cloudian, an Amazon S3-compliant cloud object storage platform, the bedrock of cloud computing system...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
In his session at 16th Cloud Expo, Simone Brunozzi, VP and Chief Technologist of Cloud Services at VMware, reviewed the changes that the cloud computing industry has gone through over the last five years and shared insights into what the next five will bring. He also chronicled the challenges enterprise companies are facing as they move to the public cloud. He delved into the "Hybrid Cloud" space and explained why every CIO should consider ‘hybrid cloud' as part of their future strategy to achie...