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April 28, 2009

Selectica launches new lifecycle management system

The new system claims to provide companies efficiency and compliance throughout the entire contract lifecycle

By CBR Staff Writer

Selectica, a provider of contract lifecycle management systems, has launched a new system that leverages EMC Documentum enterprise content management and business process management technologies.

Selectica also announced a global go-to-market alliance agreement with EMC, whereby the two companies will co-market and jointly sell the system.

Selectica said that the joint solution brings together the enterprise contract management software expertise of the company with the enterprise document management, business process management, and compliance expertise of EMC. This collaboration combines a contract repository with contract authoring and a workflow engine capable of supporting each organization’s contract management processes.

Contract Lifecycle Management by Selectica and EMC provides companies efficiency and compliance throughout the entire contract lifecycle from contract request, authoring, negotiation, and approval, through contract execution, on-going obligations management, contract amendment, and renewal.

Neville Letzerich, vice president and general manager of transactional content management at EMC, said: At EMC, we’re committed to delivering content-enabled applications to help customers solve complex business challenges. We are pleased with Selectica’s decision to leverage the EMC Documentum Case Management Solution Framework as a foundation for this world-class contract lifecycle management solution. Together with Selectica, we bring to market a best-in-class solution for companies in demanding, contract-intensive environments.

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