We were delighted today to be recognized once again by Spend Matters as one of the “50 Providers to Know” in procurement 2020. Spend Matters is arguably the leading research firm focused on the procurement line of business. For the last seven years they have identified the 50 vendors they feel that procurement professionals need to be aware of – companies that are raising the bar for procurement technologies and services. Seal has been recognized as a leader all seven years.
Seal Software was on the very first list back in 2014 and has remained on it every year since. Throughout that time, Seal has been dedicated to helping enterprise procurement professionals, from contract managers through to the Chief Procurement Officer as well as the legal staff who support the function, derive insight into the obligations, risks and opportunities tied up in their vendor agreements and other buy-side contracts. This has proven to raise the efficacy and efficiency of the function by identifying revenue leakage, addressing regulatory requirements like GDPR and surfacing insight into core topics that procurement professionals care about like payment terms, auto-renewals and indemnifications. As we like to say, we are helping procurement in its journey from backroom to boardroom.
Remaining on the list year-after-year requires staying in the vanguard of innovation, a fact recognized by Spend Matters. As Nick Heinzmann, Associate Analyst, Spend Matters and one of the authors of the list puts it:
“While AI and contract analytics have become “hot” topics in the legal tech and contract management markets, Seal has demonstrated a consistent commitment to delivering relevant innovations since its founding over a decade ago. Beyond the obvious technical strengths that have made Seal a ‘Provider to Know’ year after year, we’re even more impressed with the provider’s vision for “democratizing” contract analytics. By making deep agreement insights and risk identification accessible to all users who touch contracts regardless of the source system or tools they rely on (e.g., Microsoft ® Word), Seal is extending the true value of its solutions across the enterprise —- a philosophy sure to gel with the provider’s new home at DocuSign.”
Seal’s contract discovery and analytics software is used by Global 2000 companies to gain actionable insight into their contracts. Using advanced techniques in artificial intelligence and machine learning, the Seal platform can serve as an inflection point for transformative changes across all buy-side and sell-side contract processes.
Seven years on the “providers to know” list is a real reflection of the unwavering focus that we continue to have on the industry segment. Even more importantly it shows that one cannot stand still, one must always be innovating.
For more information on the procurement solutions Seal provide please see https://www.seal-software.com/solutions/procurement/