Determine's Unmatched Visibility into Contracts Attracts the Industry

By CIOReview | Monday, January 18, 2016

SAN MATEO, CA: An effective enterprise contract management program enables organizations to have visibility into contracts. This visibility can allow companies to react to business problems by promptly locating and analyzing key provisions across their universe of contracts. Determine’s CLM provides unmatched visibility into all enterprise contracts, with automated features, massive clause library, Salesforce integration and many more. Consequently, a multi-billion dollar revenue global services company selected Determine Contract Lifecycle Management (CLM) as the solution to manage its enterprise contracting needs.

Three legacy companies namely Selectica, Iasta and b-pack came together under one platform and one brand to launch Determine. Determine is a popular global provider of SaaS enterprise contract lifecycle management, strategic sourcing, supplier management, and procure-to-pay solutions.

CLM includes the automation of the authoring, collaboration, signature, storage, re-use/reference, and analytics related to B2B buy-side contracts, even though providers may have sell-side and B2C functionality. This on-going process ensures that a contract is structured properly and reviewed appropriately to enforce provisions, realize intent, recognize and correct weaknesses.

Determine's CLM solution streamlines the entire contract lifecycle ranging from contract request, authoring, negotiation, up till approval through contract execution, amendment, and renewal. It furnishes an enterprise view of contracts and comprehensive reporting capabilities, which allows the global financial services company to automate the ongoing supervision of contractual relationships by consolidating and maintaining accurate contract data while minimizing risk and improving compliance. Determine’s patented technology, delivered through the cloud, makes it easy for customers in industries like telecommunications, manufacturing, healthcare, financial services, and government contracting to overcome product and channel complexity, increase deal value, and accelerate time-to-revenue.

Determine’s solutions stands out among others because of its flexibility in the authoring tools, highly configurable nature of system and ability to gain an effective view of the prevailing language and terms across multiple contract amendments.

“More and more, forward-thinking financial services institutions see the critical role that Determine Contract Lifecycle Management plays in mitigating risk and ensuring corporate governance and compliance strategy,” articulates Patrick Stakenas, President and CEO of Determine.