Selectica (EMC)
Smooth and efficient end-to-end contract management through integration of the best-in-breed systems
Business overview
Selectica provides a Global 2000 companies with solutions that automate complex contract management and sales configuration processes. Selectica's enterprise solutions streamline cricital business functions including sales, procurement, and corporate governance, and enable companies to eliminate risk, increase revenue, and cut costs. Selectica customers represent leaders in manufacturing, technology, retail, healthcare, and telecommunications, including Bell Canada, Cisco, Covad Communications, Fujitsu, Hitachi, International Paper, ManTech, Levi Strauss & Co., Qwest Communications, and Rockwell Automation. Selecting is a public company (NASDAQ: SLTC) with corporate headquarters in San Jose, California.
Challanges
Managing large and complex contracts is multi dimensional challenge for today's organizations, and each has its own requirements for initiating and maintaining contractual relationships with other companies and individuals. Organizations need the ability to efficiently perform transactions such as buying and selling, subcontracting, and managing a large number of contracts to support cost structures, business practices, and long-term objectives - all of which vary widely from business to business. In a typical operation, the business and legal departments define a set of standard contracts with optional, clauses, terms, and tracking requirement based on the unique needs of the business. When implementing specialized software for automating contract management, these companies are discovering that one-size-fits-all approach will not meet their needs.