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
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...