Unbiased, Independent Selection Maintains Seal as One of the Leading Technology and Services Providers that Continue to Raise the Bar for Procurement Technologies and Services Year over Year
Seal Software, the leader in contract discovery and analytics, has been named year over year by Spend Matters to its annual list of the “50 Companies to Know” in procurement. For six years this prestigious list has identified companies and organizations that raise the bar for procurement technologies and services, and drive change in the way enterprises do business. After months of intense debate, discussion and refinement among all of the Spend Matters analysts, the selection of Seal Software represents an unbiased, independent view of the providers that set the industry standard.
“Seal Software consistently proves it is one of the best in class vendors our ’50 to Know’ list represents,” said Pierre Mitchell, Chief Research Officer at Spend Matters. “As the clear market leader in achieving the most automated and cost effective approach to contract discovery, Seal sets the pace in the market for contact analytics through their use of a combination of predefined extraction rules that are based on Natural Language Processing and Machine Learning techniques.”
Spend Matters is the leading procurement analyst firm in the world, with its Spend Matters Network providing the largest and most influential voice in the procurement and spend management sectors. Routinely evaluating the latest procurement technology and service offerings, Spend Matters is uniquely positioned to help procurement organizations with their vendor selection processes.
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.
Recently Seal has partnered with DocuSign which provides Seal’s artificial intelligence-based agreement discovery, extraction, and analytics solutions offered as a pre-integrated extension of the DocuSign Agreement Cloud. This enables DocuSign users to instantly and easily find agreements, regardless of their origin or storage location. Users can then compare sections of similar agreements to identify inconsistent contract terms, areas of exposure, and potential revenue leakage.
Organizations can now have a single system where they can gain 360-degree view of all their categories, vendors, spend, and contracts in a highly intuitive and accessible platform that meaningfully ties together the most critical procurement assets.
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 seal-software.com.
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