Fortune 1000 / General Counsel Contract Management

Fortune 1000 legal departments are under-resourced. This condition has been exacerbated by changes to rules of discovery for electronic information. As a result, their ability to cost-effectively manage the process of creating, storing and maintaining contracts has declined. The consequences of poor contract management include lost revenue, unnecessary risk and increased costs.

Ideally, the general counsel’s office will be able to reduce their departmental workload while increasing control over the legal contract process. This means shifting responsibility for the creation of boiler-plate agreements to non-legal personnel and centralizing contracts into a single location where they can be easily located and where specific data within the contract can be found. With this approach, the GC’s office can retain control over contract language and focus their time on the most critical agreements.

Selectica Contract Performance Management increases the efficiency of legal organizations by automating legal contract processes in a way that increases control and minimizes risk.

Selectica Contract Performance Management software automates contract processes, facilitates risk discovery, and exposes the full value of contracts. Our enterprise contract management solution increases legal operations efficiency and centralizes contracts into a single, searchable repository. The solution empowers legal and non-legal users to assemble contracts while fully protecting the integrity of pre-approved language.

If you would like to learn more about Selectica and/or see a demonstration of Selectica’s legal contract management solution, please contact one of our contract management experts by clicking here.