Fortune 250 Company Looks to Seal Software Platform for Contract Discovery and Analytics With Parker Aerospace Group
Seal Software, the leading provider of Contract Discovery and Analytics, is pleased to announce that Parker Hannifin has recently selected the Seal contract discovery and analytics platform to improve control and visibility of information contained in their contracts.
Parker is a Fortune 250 global leader in motion and control technologies, with over 50,000 employees and 13,000 distributors, together serving customers in 104 countries. As a diversified engineering company, Parker is a market leader in aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, sealing, and shielding. Parker has been helping solve some of the world’s greatest engineering challenges for 100 years.
The initial application for the Seal Software platform, within the $2.3 billion Parker Aerospace Group, is to obtain a complete view of its contracts, and the contractual commitments hidden within those contracts. Lack of visibility can lead to unmet contractual obligations as well as an inability to take advantage of previously hard-won negotiated positions. Using Seal, contracts can be analyzed at speed and scale, and better decision-making can be achieved. Additionally, the benefits of using Seal will include more efficient use of legal employees’ time providing legal guidance and direction rather than reviewing large numbers of contracts looking for information.
“Contracts form the basic foundation of relationships with both our suppliers and our customers,” said Barry Draskovich, group vice president, program and contract management for Parker Aerospace. “With so many contracts on the buy, and sell-side of the business, it is essential that we understand the full picture of our obligations and opportunities. We selected Seal as it is the most complete platform for contract discovery and analysis on the market.”
“I am delighted to welcome Parker to the Seal customer community. They’re a leader in their field, and really understand the value that technology can bring to drive efficiency and effectiveness in managing and analyzing contracts,” said Ulf Zetterberg, co-founder and CEO of Seal Software. “I look forward to a very successful partnership in the future.”
About Seal Software
Seal Software is the leading provider of contract discovery, data extraction, and analytics. With Seal’s machine learning and natural language processing technologies, companies can find contracts of any file type across their networks, quickly understand what risks or opportunities are hidden in their contracts, and place them in a centralized repository. Based in San Francisco, Seal empowers enterprises around the world to maximize revenue opportunities, reduce costs, and mitigate risks associated with contractual documents, systems, and processes. For more information, visit Seal Software at www.seal-software.com.
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