San Francisco—April 18, 2014—Seal Software, a provider of solutions to discover, capture, extract and analyze contracts, announced a strategic partnership agreement with IBM Emptoris Contract Management. The partnership allows IBM to utilize Seal’s automated Contract Discovery solution to strengthen the IBM Emptoris Contract Management offering. Customers benefit from automated legacy contract and agreement discovery across the enterprise, enabling rapid migration to Emptoris. The solution also improves contract analysis, providing accurate prioritization for deeper contract review.
“Contract management is being extended beyond authoring and active management of current supplier, customer and partner agreements. This is a trend that is fast becoming a best practice in many of the largest and most successful organizations around the world,” said Jason Busch, co-founder of Spend Matters and group managing director of Azul Partners.
“By partnering with IBM Emptoris, Seal gains a force multiplier effect on its ability to influence a broad set of companies with its unique contract discovery capabilities. In Spend Matters’ opinion, Seal’s approach has already shown us that the path to the next level of contract management excellence involves tightly embedding contract discovery, analytics and compliance within contract management suites.”
The partnership can help legal, procurement and commercial teams ensure they are able to benefit from the carefully negotiated terms and conditions of thousands of contracts. Contracts that once executed are all too often filed and forgotten.
“The ability to provide businesses with visibility and control of their contracts, while simultaneously allowing them to mitigate risk and maximize revenue opportunities, is only truly possible with complete contract visibility and comprehensive contract lifecycle management,” said Ulf Zetterberg, CEO and founder, Seal Software. “Working with IBM Emptoris, Seal is able to complete the picture for their customers.”