|By PR Newswire||
|April 10, 2014 02:22 PM EDT||
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.
"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
SOURCE Seal Software
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Oct. 25, 2016 11:45 AM EDT Reads: 3,778
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Oct. 25, 2016 11:45 AM EDT Reads: 2,030
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Oct. 25, 2016 11:45 AM EDT Reads: 2,149
OnProcess Technology has announced it will be a featured speaker at @ThingsExpo, taking place November 1 - 3, 2016, in Santa Clara, California. Dan Gettens, OnProcess’ Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock. @ThingsExpo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from Big Data in...
Oct. 25, 2016 11:42 AM EDT
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
Oct. 25, 2016 11:30 AM EDT Reads: 2,004
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service.
Oct. 25, 2016 11:30 AM EDT Reads: 1,106
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
Oct. 25, 2016 11:30 AM EDT Reads: 3,593
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
Oct. 25, 2016 11:15 AM EDT Reads: 1,514
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will present at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they manag...
Oct. 25, 2016 11:15 AM EDT Reads: 3,640
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Oct. 25, 2016 11:15 AM EDT Reads: 3,913
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Oct. 25, 2016 11:00 AM EDT Reads: 3,673
SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Oct. 25, 2016 11:00 AM EDT Reads: 4,532
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect...
Oct. 25, 2016 10:45 AM EDT Reads: 3,677
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Oct. 25, 2016 10:45 AM EDT Reads: 3,061
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Oct. 25, 2016 10:45 AM EDT Reads: 2,172