Press Release – updated: Oct 12, 2017 11:25 EDT
Princeton, NJ, October 12, 2017 (PRESS RELEASE JET) – Ultria™ will be showcasing its automated Contract Lifecycle Management (CLM) solution during the ACC (Association of Corporate Counsel) Annual Meeting 2017, in Washington DC, from October 15-18. At booth #148, legal professionals and corporate counsels can have a look at Ultria CLM which helps enterprises cut down their contract creation time and derive greater value from existing contracts.
Ultria Contract Lifecycle Management is an end-to-end contract management solution for enterprises. “Ultria CLM streamlines and brings much needed efficiency to contract management processes,” said Arthur Raguette, EVP, Ultria. “With workflow-based authoring, a comprehensive repository of contract templates and clauses, and dedicated post award analytics capabilities, Ultria CLM takes care of routine contract management tasks while helping companies increase value from their contracts and minimize risks.”
Ultria will be highlighting two of its latest features: Artificial Intelligence Enabled Request Portals and Post Award Contract Compliance Management.
Ultria CLM streamlines and brings much needed efficiency to contract management processes. With workflow-based authoring, a comprehensive repository of contract templates and clauses, and dedicated post award analytics capabilities, Ultria CLM takes care of routine contract management tasks while helping companies increase value from their contracts and minimize risks.
In brief, Artificial Intelligence is leveraged in the Ultria request portal to dynamically assemble contracts from clause and section templates based on the context and content from requesters at the edge of the organization. Combining user knowledge of the contracting party with pre-vetted content from the contracts/legal team, Ultria enables a faster, more complete, and more cost-effective result. This capability seamlessly embraces CRM solutions, including Salesforce, as well as P2P solutions.
The latest version of Ultria’s Post Award Contract Management capability includes enhanced support for contract schedule line items and broader support for ERP integrations out of the box. Combined, this 360° view of obligations and entitlements provides a significant lever across the entire value chain.
About Ultria: Ultria, a division of Verdantis Inc., is focused on delivering robust, scalable user optimized solutions for enterprise Legal and Sales departments. Proven, scalable, SaaS-deployed workflow, and compliance engines leverage Artificial Intelligence and Learn by Example configuration to enable Ultria CLM to be robustly and rapidly provisioned into today’s complex landscapes. For more information on Ultria, visit www.ultria.com.
About ACC Annual Meeting: ACC Annual Meeting is one of the most popular events for in-house legal counsels and is the favored destination of legal professionals from all over the world. For more information on the ACC Annual Meeting 2017, visit http://www.acc.com/education/am17/index.cfm.
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