Contract Performance Management Overview

Selectica Contract Performance Management (CPM) is a contract authoring, analysis, repository, and process automation solution designed to enhance the management of your company’s entire contract lifecycle.  Utilize Selectica’s Contract Management solutions to gain control of your supplier, sales, employment, healthcare, IT, leasing, or intellectual property contracts (see the complete list of contract types managed by Selectica customers).

Selectica Contract Performance Management meets the contract needs of the most dynamic and demanding organizations by enabling:

• Procurement organizations - Procurement contract managers can use the contract management solution to expose off-contract (maverick) spending while providing a fourth source of truth for payables organizations to improve invoice accuracy.
• Sales organizations - Commercial organizations can use the sales contract management solution to shorten the sales cycle and decrease time to revenue.
• Finance organizations - Financial organizations can use the contract management solution to eliminate non-standard terms and pricing in the revenue cycle while discovering unrealized revenue buried in sales agreements.
• Corporate legal organizations - The General Counsel's office and other legal organizations can use the contract management solution to transform paper-bound contracts into a secure, centralized, searchable electronic contract repository and gain visibility and control of all corporate agreements.
• Contract Administrators - Contract administrators can use the contract management solution to create visibility into contract obligations not captured by ERP and CRM and empower non-contract professionals to create and execute basic contracts.

Learn more about the Benefits of Selectica Contract Performance Management >> 

Contract Performance Management Benefits

Selectica’s Contract Performance Management (CPM) is the contract management solution of choice for some of the world’s most complex and dynamic organizations.  For more than ten years, Selectica has provided the industry’s most adaptable, flexible, and intuitive contract management solution while providing you, the customer, with the contract management solution you need, the way you need it.

Selectica stands apart by offering:

• The industry's most adaptable contract management solution – top to bottom – without sacrificing scalability or time-to-benefit.  Selectica CPM meets the contract needs of your organization now and in the future, no matter the direction your company takes or the challenges it faces.
• User configurability – we combine the stability of rigid contract management software solutions with the flexibility of custom solutions by empowering you to configure the CPM solution to meet your company's contract needs without expensive services and engineering support.
• Deployment flexibility – our competition will try to sell you what they’re most capable of delivering rather than what your budget and organizational contract needs might demand. From On-Demand contract management to Enterprise contract management , Selectica provides On-Demand (SaaS), Hosted and Enterprise (On-Site / behind-the-firewall) deployment options using the same world-class application platform.
• Enterprise contract management expertise – For over 10 years, Selectica has been solving complex business problems for some of the world’s most successful companies.  Our tenure and the diversity of our customer base means that we’ve optimized the contract management solution for a broad array of contract types including procurement, sales, provider governance, healthcare, intellectual property, IT, equipment leasing, employee, real estate, partnership, revenue-channel, supplier, services agreements and many more (see the complete list of contract types managed by Selectica Customers)

Learn more about the Features of Selectica Contract Performance Management >>

Contract Performance Management Features

Selectica’s Contract Management Solution was developed from the ground up to be quickly and easily adaptable to the dynamic demands of contract management across the enterprise. With Selectica, robust functionality is built-in and available out of the box; costly and time-consuming programming is never needed to adapt the contract management solution to your own requirements. The contract management solution is also adaptable in the contract types it supports. Whether you need to manage procurement, sales, revenue, healthcare, IT, employment, leasing, or intellectual property contracts, you can count on Selectica’s contract management solution to meet the challenge.

Selectica Contract Performance Management Features Contract Management Dashboard     Personalized Dashboard Personalized dashboard for contract status, open tasks, searching, and reports.  Includes a calendar and individual alerts for expiring contracts and task deadlines. Central Contract Repository     Central Contract Repository Centralized, web-based document management environment for contracts and attachments.     Search Full-text & Boolean keyword search of business terms and attachments.  Includes filtering and querying.     Attachments Attach native, scanned, and faxed documents for all major file types (Word, PDF, Excel, PPT, image files, and more).     Electronic Fax Loading Load existing contracts, including third-party contracts, into the Selectica repository via Fax.  Faxes are automatically converted to fully searchable PDF format and attached to the corresponding contract. Alerts     Notifications and Tasks Email notifications based on contract dates, expirations, renewals, key events, tasks, and approvals, as well as updates from external systems.     Custom Email Alerts   Create custom email content to be included whenever an email is sent from our system, whether based on a workflow event, a compliance alert, a business rule, or a scheduled report delivery.  The email can contain direct links to the associated records. Contract Creation and Authoring     Microsoft Word-based     Contract Authoring Create and edit contracts in Microsoft Word.     Contract Creation Wizard Generate contracts in Microsoft Word by answering conditional questions in a web-based wizard, allowing experienced users as well as non-contract professionals to create contracts with company-approved clauses and contract language.     Clause Library and     Template Library Searchable, reportable contract repository of clause language used in boilerplates that can be inserted directly into contracts.     Third-party contracts Import third-party contract documents in MS Word and extract critical business variables.     Workflow Highly configurable workflow and rules based on your business needs.  Supports serial, conditional, and parallel processes.     Approvals Multistep approval tasks at any stage of a serial, parallel, or conditional workflow. Each approval task can be adjusted according to ANY business terms such as amount of contract, start date, payment terms, type of agreement, and more. Contract Process Management      Self-Service Composer Create and control your own processes for Contracts, Boilerplates, Approvals, Tasks, Notifications, User Accounts, Rules and more - without requiring expensive IT or professional services resources.     Approval Processes Generate approval processes for both serial and parallel processes that adjust according to specified business terms such as amount of contract, start date, payment terms, and type of agreement.     Dashboard Composer Set up unique contract compliance alerts and performance analysis reports for any or all contract types. Reporting      Ad-Hoc Reporting Simple-to-use Ad-Hoc reporting tool allows for rapid, on-demand report generation.     One-Click Access One-click access from report results to the contract records themselves, for the monitoring of compliance and the support of the auditing process.     Charting and Dashboard Reports feature charting capabilities and display on a user's personalized dashboard.     Contract Compliance Full audit trail provides the ability to see who made what changes to a record - down to the field level. Contract Analytics     Contract Analytics Selectica Contract Analytics enables multidimensional analyses of contract and off-contract data, including data from third party transactional systems, data repositories and traditional business intelligence applications.  Unlike other commercially available analytics tools, Selectica Contract Analytics was built specifically to handle contract-specific information.     Excel Interface Microsoft-Excel front end to data cube.  Data and fields that are added to Selectica CPM are automatically updated in the Contract Analytics module, reports, and Dashboards.     Integration The Contract Analytics engine can be used to power standard external report writers such as Crystal Reports, Cognos, Adobe, and Business Objects. Security     Security Strong network (128 bit SSL) and data security.  Enveloped in a uniform security model, the contacts and associated data stored within the CPM Solution are protected by the same rules and permissions whether accessed through the browser, PDA, Web Services, or reports.     Permissions The Selectica solution provides permission-level access to both data and menu functions. The Selectica Solution has been tested and certified by Netsec security testing and in IBM performance labs. Integration     Integration Strong SOA platform enables bi-directional integration with back-office systems such as ERP, CRM, SRM, and Procurement systems, as well as Business Intelligence tools such as Crystal Reports, Cognos and Business Objects via Web Services, JDBC or custom integration. Deployment Options       Deployment Options On-Demand, Hosted, or On-Site.  Learn more about Deployment Options >>

Our place or yours?  You decide.
Whether you need a Contract Management for your department or your global organization, Selectica has the contract management solution you need -  delivered the way you want it.  Selectica's Contract Management Software platform was architected to be fully adaptable to any implementation.

Use the table below to decide what's best for you:

The Selectica Contract Performance Analytics Module enhances the Selectica Contract Performance Management solution by enabling both structured and unstructured information found in contract repositories and other systems to be explored, integrated, and reported on. With its built-in reporting cubes, the Contract Analytics Module empowers Selectica customers with contract analysis capabilities to quickly and easily identify sources of revenue leakage, expose potentially costly risks, increase sales forecasting accuracy, and speed sales cycles associated with any type of contract.

Selectica Contract Performance Analytics completes multidimensional analyses across multiple data sources, and relies on Microsoft Excel or any other industry-standard reporting engine for presentation of results. The Contract Analytics Module is easy to use; with just a single day of training any business user can run, tailor and create the multi-dimensional contract analysis reports they need to streamline and optimize contract-based business processes.

Contract Analysis Benefits Snapshot:

• Quickly and easily identify sources of revenue leakage
• Expose potentially costly risks
• Increase forecasting accuracy of contract-based revenues, cash, liabilities, payments, and sales
• Shorten contract authoring and approval cycles
• Identify supply chain risk factors
• Facilitate regulatory and audit compliance

Discounted, bundled packages including an upgrade to the latest version of Selectica Contract Performance Management and the Selectica Contract Performance Analytics Module are available through December 31st, 2007.

Please contact your Account Executive for more details on the packages available.

Selectica offers a range of services to ensure that our Contract Management and Contract Analytics solutions completely meet your contract lifecycle management requirements.

Selectica’s Professional Services team takes a best -practice, collaborative approach, applying their extensive experience with contract lifecycle management and Selectica solutions.  Offerings include:

• Unique pre-implementation services feature a real-time, iterative prototype creation process
• Implementation services to get you up and running quickly
• Configuration services to enable required contract types such as procurement, sales, revenue, healthcare, IT, employment, leasing, or intellectual property
• Data transformation services for optimized analytics and reporting
• Technical support services to ensure your product always works the way you need it to
• Data loading services for adding legacy contracts, a master data dictionary, and a clause library into the repository
• Integration services to connect to other systems such as ERP (Oracle, PeopleSoft), CRM, Financials, and more
• Training services for technical staff and end-users

Contact Selectica to get started with a Selectica Services, whether you need a starter implementation or complete enterprise contract management deployment.

Selectica Partner Services

Delivering results-based solutions frequently involves integrating technologies and services from multiple providers. At Selectica, we continually strive to identify and cultivate relationships with companies and associations that are providing innovative thinking for our customers' pressing business issues.

To meet the levels of excellence Selectica customers have come to expect, we align with firms that share our values, and offer products and services that strategically extend our capabilities. With a commitment to world-class delivery, our partners are driven to serve the customer to:

• Identify contract business requirements
• Build a business case for a contract management solution
• Optimize contracting processes
• Configure the solution for industry-specific requirements
• Extend the contract management solution throughout the enterprise

Contact Selectica or visit our partners page for more information.

Selectica can help you take control of your contracts and:

• Gain visibility and control of the contract management lifecycle
• Eliminate non-standard terms and pricing in the revenue cycle
• Shorten the sales cycle and decrease time-to-revenue
• Transform paper-bound contracts into a secure, centralized, searchable electronic contract repository
• Empower non-contract professionals to execute basic contracts
• Enable 4-way matching in the purchasing and revenue cycles for greater accuracy and higher margins
• Create visibility into contract obligations not captured by ERP and CRM
• Discover unrealized revenue buried in sales agreements
• Expose off-contract (maverick) spending

Ready to take the next step?

Contact Selectica Now to get started >>