Seal Software and State of Flux announce official partnership to drive adoption of contract analytics in procurement and supply chain
Seal Software and State of Flux, the global procurement and supply chain management consultancy, today announced an official partnership, established to help mutual clients extract value from their supplier contracts.
The combined strength of Seal’s contract analytics solution and State of Flux’s consulting services provides an end-to-end technology solution to support clients’ dealing with GDPR regulations. The service will make it easier to quickly identify suppliers with access to personal data and analyse relevant clauses within supplier contracts. In addition to assisting with compliance, for minimal extra effort and cost, the scope can be increased to look for hidden value in supplier contracts.
State of Flux and Seal have a track record of working together on large contract management projects and this is formal recognition of the ongoing partnership. State of Flux’s consulting, training and technology services deliver enhanced supply chain capabilities, drive best practice and deliver real business value to large multi-national organisations. Seal’s Artificial Intelligence and machine learning platform enables enterprise clients to find, centralise and analyse unstructured data such as that contained within supplier contracts to reduce risk, ensure compliance, and discover hidden revenue opportunities and cost savings.
The combination of Seal’s contract discovery and analytics software and State of Flux’s consultancy services provide a solution that is a faster, more accurate and more effective means of meeting regulatory and contract management challenges. The off-the-shelf managed services shorten the time to results and remediation, which is of value in the case of regulatory compliance and legislative change.
In a climate of numerous regulatory challenges, State of Flux was looking for a contract analytics partner to help support their clients’ review processes for compliance with the GDPR, serving multinational clients across global regions. Seal was selected because of its leading AI platform which offers the widest capability and scalability in the industry.
“We are always looking to help our clients get more value from their supplier network. Working with Seal incorporates leading edge technology with our expertise in supplier management,” commented Nick Hyner, Managing Director Europe, State of Flux.
“State of Flux is an authority on supplier relationship management, and has the expertise that ensures that their clients build their SRM programme on a solid foundation. By supplementing their service offering with solutions such as Seal, we believe that their clients can access revenue generating and cost saving actionable insights,” said Dan Daehler, Vice President Alliances, Seal Software. “In addition, our collaboration ensures organisations get their arms around their contracts to ensure they are prepared in the ever-evolving regulatory landscape. We’re thrilled to be working with them.”
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 http://www.seal-software.com.
About State of Flux
State of Flux is a global procurement and supply chain consultancy. Head quartered in London with offices in Chicago and Sydney, supporting large multi-national clients in procurement for over 13 years. As the global expert in supplier relationship management (SRM), State of Flux help large organisations achieve both financial and non-financial value benefits, through working with strategic suppliers to identify innovative and collaborative ways to compete in an ever-changing market environment.
Their annual SRM research has 9 years of insight into supplier relationship management practices. Gathered from more than 1,800 global companies and over 1,000,000 data points. Visit http://www.stateofflux.co.uk
State of Flux
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