- Industry Analysts Honor Seal Software for Positively Impacting the World of Procurement and Supply Chain
SAN FRANCISCO, June 15, 2015 /PRNewswire/ -- Seal Software, the leading provider of Contract Discovery and Analytics solutions, today announced it has been recognized as a Top 50 Company to Know by Spend Matters, the largest global destination for research and analysis on the procurement and supply chain market. The recognition of Seal Software is featured in the 2015 Spend Matters Almanac, which honors the preeminent organizations that are revolutionizing the space.
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Each year, the Spend Matters team of analysts curate the annual almanac by evaluating the software companies, data providers, research firms, outsourcers and other organizations that serve the procurement and supply chain industry. It is a sought-after resource for enterprise procurement practitioners, contract management professionals, consultants and advisors around the world. The list breaks out 100 selected companies into two categories: the "50 to Know" and "50 to Watch."
In his Top 50 Company to Know analysis of Seal Software, Thomas Kase, Vice President of Research for Spend Matters, writes, "What makes Seal's offering so special is its proven capabilities in identifying contract documents (whether on email servers, file servers or soft or scanned hard copies) that extract key information - e.g. general contract content, specific clauses or combinations of clauses, and most interestingly, contractual metadata."
Kase continues, "Another differentiator with the platform is its analytics component, which (once discovery and onboarding is concluded) can assess contracts, identify gaps, missing clauses, lowest common denominators, prevailing clauses, etc. - all features that are useful both to minimize contractual risk as well as increase efficiencies and effectiveness by involving human and legal resources only when necessary."
By automatically discovering, analyzing and reporting on the countless contracts that exist throughout enterprises, Seal Software equips businesses with powerful new intelligence. As a result, they can unlock hidden revenue opportunities, reduce operational expenditures, address costly compliance issues, facilitate smoother M&A and inform rapid response plans to cybersecurity breaches.
"Across all aspects of business, there are mountains of contracts that are exploding in terms of volume and complexity," said Ulf Zetterberg, Founder and CEO, Seal Software. "Being named a Top 50 Company to Know by Spend Matters underscores our commitment to bringing method to contract madness so that organizations can gain clear visibility into the lifeblood of their businesses and use key insights to make smarter decisions."
To view the full 2015 Spend Matters Almanac, please visit: https://spendmatters.com/almanac/
About Seal Software
Seal Software, the leading provider of contract discovery, extraction and analytics solutions, enables companies around the world to effectively manage their contract portfolio by understanding exactly where their contracts are when needed and, more importantly, what is buried within them, in order to maximize revenue opportunities, mitigate risk and reduce expenses.
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 ServiceMax's Field Service Software, 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.
The Seal platform is used within 8 out of 10 of the top Legal Process Outsourcing (LPO) providers, legal review and advisory firms, delivering increased visibility into time-critical opportunities and risks while alleviating contract review processes and technical challenges. For more information, visit Seal Software at: www.seal-software.com. Connect with Seal Software on Facebook, LinkedIn and Twitter.
