Seal Version 5: Putting Power Into the Hands of Users
Seal Software’s Version 5 has one major design objective, putting the power of Seal in the hands of business users, particularly in the areas of usability and system optimization. To increase usability and value, Seal has created a Microsoft Word “add in” so that users can interface with contracts, updating, revising and repapering them in the interface they know best – MS Word.
QFC Reporting: The Clock is Ticking
In January of 2015, a new mandate was published which will force major financial institutions to adopt an entirely new approach to managing their QFCs, or qualified financial contracts and related agreements. It stipulates extensive reporting on the data held within QFCs, expanding the type of information and the speed in which it is needed.
Brexit and Your Business
On Friday, June 24th, the clock began ticking for all organizations to determine how Brexit effects them. It is clear that for all UK and European based businesses, Brexit will have a dramatic impact on business operations. For any North American or Asian organization who does business internationally, there is a high likelihood that Brexit will impact them as well.
IFRS 16: Tackling Contract Challenges
IFRS 16 requires a clear understanding of all your lease agreements. Seal Discovery and Analytics can help companies shorten the time and lower the cost for IFRS 16 preparedness.
Procurement and Sourcing
Effective procurement and sourcing can have a dramatic and positive effect on any organization. By driving spend under management, managing supplier performance, and ensuring your contracts work for you, businesses benefit from far tighter controls.
Managing payment terms is just one example where leveraging a key contractual term benefits business, conserving cash: the lifeblood of any business. There are many other terms that are far less visible and rarely tracked that can have an equally large an impact to the business.
Seal Contract Discovery and Analytics for Mergers & Acquisitions
M&A activity is on the rise across most industries. For any organization engaged with M&A on the buy or sell side, vision into the risk and liabilities locked within contracts during the due diligence process is essential.The post merger integration process also requires fast, flexible and accurate visibility across both parties' contracts to manage liabilities, obligations and legal exposure.
Governance, Risk, and Compliance
Mitigate Against Potential Litigation Threats with Effective Contract Management Practices
Why do contracts continue to be a major contributor to the threat of potential litigation? One major reason are the numerous types of contracts in use, residing in various departments throughout an organization.
Partners: Contract Discovery and Migration
Incomplete information in any solution you provide, whether it’s a Contract Lifecycle Management (CLM), Client Relationship Management (CRM), Supplier Relationship Management (SRM), Enterprise Resource Planning (ERP), or other enterprise system, hinders your ability to offer your customers the return on investment they seek.
Automating Contract Abstraction
Increasingly complex compliance requirements, industry regulation and multi-jurisdictional legislation are driving the need to extract an expanding array of key information from large numbers of contracts – Contract Abstraction.
Seal Contract Discovery and Analytics for Derivative Contracts
True Derivative Contract Insight for Compliance Oversight and Regulatory Management
Challenge 1: On Monday morning, Moody’s has downgraded bank ABC’s credit rating. ABC has thousands of derivative contracts, but does not know which ones have trigger events based on their new credit rating. Unsure of the consequences that could occur or actions ABC is contractually obliged to perform, ABC needs answers.
Some of Our Customers