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.

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

"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 Contracts™ - 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.

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

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
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...