Contract Discovery and Lifecycle Management – Providing Unique Insights
Law firms, General Counsel and LPOs to benefit from insight, reporting and management across the contract landscape

London, UK – 12th January 2012

Seal Software Group, a provider of solutions to discover, capture, extract and manage contracts, announces the availability of Seal Contract Discovery (cDiscovery) and Dolphin Contract Lifecycle Management (CLM) for SharePoint, providing insight, lifecycle management and reporting for law firms, General Counsel, Legal Process Outsourcers (LPO) and eDiscovery vendors.

Seal Software Group provides a unique combination of cDiscovery and CLM, providing enterprises with the ability to manage contracts in a secure repository, from creation to ongoing proactive management of contract performance.

Seal’s cDiscovery automatically discovers existing contractual documents, extracting key information from any file type. Applicable in M&A, spend and procurement and contract abstraction environments, Seal identifies and processes thousands of documents per day, reducing the time and cost of discovery, due diligence and contract abstraction.

Findings from the Aberdeen Group research report Procurement Contract Lifecycle Management – Assessing the Value of Contract Automation, published January 2012, and prepared by Constantine G. Limberakis, Senior Research Analyst, Global Supply Management, indicate that best in class organizations are 92% more likely than their peers to be capable of searching their contract repository by keyword, full text or terms, providing deeper insight into existing contractual obligations, lessening the risk of contract redundancy or oversight.

“We are pleased that Seal’s cDiscovery and CLM solutions meet the best-in-class criteria for Contract Lifecycle Management solutions as described in the Aberdeen report,” according to Ulf Zetterberg, CEO of Seal Software Group. “Our customers are benefitting from the value that comprehensive cDiscovery, allied to the ongoing lifecycle management of contracts delivers – a unique combination.”

According to Aberdeen Group’s Constantine G. Limberakis, author of the referenced study, “Contract management provides value and insights to the entire spend management process, and can impact top-line revenues, bottom-line savings and cost avoidance by protecting against non-compliance.”

“We use Seal’s Contract Discovery solution for contract abstractions during M&A projects as it improves and speeds up the review process for the lawyers involved, saving time, cost and improving accuracy”, said Matt Kesner, Chief Information Officer, Fenwick & West LLP.

Seal Software Group’s unique combination of cDiscovery and CLM, provides real-time visibility of an organizations’ full contract landscape, enabling them to manage the complete contract lifecycle, helping to achieve compliance and avoid cost, positively impacting both top-line revenue and cutting bottom-line costs.

Seal will be exhibiting at LegalTech® New York, January 30 to February 1 – visit us on stand 1719.

Download the report here.