Manage the Entire Contract Lifecycle with Selectica

Selectica Contract Lifecycle Management is a comprehensive solution for automating your company’s processes, from contract request to renewal. The solution combines a single, enterprise-wide contract repository that has proven to scale to meet the demands of Global 2000 companies, with a flexible workflow engine capable of supporting each organization’s unique contract management processes. The Selectica contract lifecycle solution’s user-friendly interface and easy-to-implement design ensure a high level of adoption and quick time-to-value.

Move your mouse over each step in the contract management process to see more information



Selectica's contract management services and solutions provide Global 2000 companies with powerful capabilities at each step of the contract lifecycle process:

Contract Request – With the Selectica Contract Management solution, employees can request a new contract without even having to log into the system. Other systems can also initiate the contracts authoring process from outside the system.

Authoring – The Selectica solution enables contracting professionals to create contracts in the tool they know best—Microsoft Word.  From within Microsoft Word, users can drag and drop contract clauses from a library of approved terms and clauses.  The solution even supports Microsoft Word formatting.

Negotiation – The Selectica contract lifecycle management system allows users to receive redlined contracts by email and fax.  By identifying changes both in the structured meta data and in unstructured language, the system allows contracting professionals to “work by exception.”  Side-by-side comparisons provide a quick way for users to review changes and determine next steps.  Selectica contract management software can even manage contracts received in .pdf format.

Approval – The Selectica solution allows approvals processes to be inserted at any step in the contract lifecycle.  Companies can even create complex parallel and serial approvals through an easy-to-use user interface.  This allows the system to remain flexible as business processes change, yet maintain proper controls.

Execution – The Selectica solution controls and shortens the signature process, and ensures final, signed agreements reside in a central repository.

Obligations Management – The contract lifecycle management solution’s value doesn’t end when the contract is executed.  Post-execution, the life of the contract and its relationships continue with alerts, post-execution workflow steps, sophisticated reporting, and compliance.

Amendment – Selectica contract management software provides a consolidated, effective view of a business relationship across multiple contract amendments.

Audit & Reporting – The Selectica solution’s sophisticated reporting capabilities provide companies with visibility into all contractual relationships across business units, with a complete audit trail for every contract.

Renewal – The solution enables companies to capitalize on each renewal opportunity by identifying contract renewal candidates, alerting professionals about these contracts in time to act, and automatically creating new contract drafts based on existing ones.    

Next: Find out the business benefits of contract lifecycle management.

Learn More:
Download the Forrester Wave on CLM – Read an unbiased evaluation of contract lifecycle management solution providers.
Visit the Resource Library – Want to learn best practices and hear what leading analysts have to say?  Visit the Resource Library now.